Korean Residents Association donates relief items for  flood victims

The Korean Residents Association of Lanka on 17 June handed over relief items such as portable mattresses, rice, water, shoes, clothes, personal care products, etc. for the victims of the recent flood disaster in Pahala Bomiriya, Kaduwela. The items were sponsored by the Embassy of the Republic of Korea, Korean companies and residents in Sri Lanka. 

The small village which is surrounded by two streams and is home to 120 residents (37 households) has been seriously affected by 30-foot high flood waters washing away houses.  

Korean Residents Association of Lanka President Kwak Hongkyu (centre) and Consul for the Ambassador of the Republic of Korea to Colombo Lee Jaewoo (right)



Source: Association-donates- relief-items- for- flood-victims#sthash.JiiVV891.dpuf

World’s smallest computer, ASUS VivoStick PC debuts in SL

The world’s smallest PC –ASUS VivoStick PC has been introduced to the local market via its agents EPSI Technology Ltd.

ASUS announced the international release of ASUS VivoStick in April and roll out in Sri Lanka comes in just two months.

The PC in hand whenever or wherever it is needed is designed to make a big impact both in terms of performance and aesthetic.

VivoStick is a pocket-sized PC that turns any HDMI display or TV into a Windows PC or smart TV for work or play and is powered by an IntelAtomprocessor with 2GB RAM, and has 32GB of onboard storage space. It has 802.11ac Wi-Fi, Bluetooth 4.1, USB 3.0 and USB 2.0 ports, a HDMI port and an audio jack, plus an internal cooling fan to guard against overheating.



By Uditha Jayasinghe

Capital Gains tax could be rolled out as early as end July since the Government is looking to fast-track its revenue sources, a top minister said yesterday.

Public Enterprise Development Minister Kabir Hashim insisted the Government would formulate a structure for Capital Gains tax “in about a month” as it looks to speed up the process, which is part of broad tax reforms needed to boost public revenue. Tax reforms is also a crucial part of the International Monetary Fund program with Sri Lanka.

Listed firms 1Q earnings gain 16% to Rs. 61 b

Earnings of listed companies witnessed a sharp growth of 16% in the first quarter of 2016 to Rs. 61 billion as against a 5% improvement in the fourth quarter of last year. 

Capital Alliance Research attributed the “strong growth” due to weaker economic conditions during 1Q2015. Trailing twelve month (TTM) market earnings grew 3.3% year on year (YoY) to Rs.209.2 billion supported by low interest rates and improving disposable incomes driving consumption, compared to 17.1% during the same period last year due to improved economic conditions starting 4Q 2014. 

Japanese firms keen on Sri Lanka’s investment potential

Japan External Trade Organization Chairman and CEO Hiroyuki Ishige

Sri Lankans understand importance of healthy living  more than most Asians, but are not acting on it!

AIA Sri Lanka has released the Sri Lanka results of AIA’s 2016 Healthy Living Index Survey, which is carried out across Asia-Pacific. In the survey an astounding 95% of Sri Lankans acknowledge that there are definitely things they can do to improve their health but only 8% have taken major steps towards healthy living! So, whilst Sri Lankans have a high awareness of the importance of healthy living, we are not really doing much about it!

Business confidence unchanged in March

The March LMD-Nielsen Business Confidence Index (BCI)remained in line with the previous month, shedding a single point (to 154) from where the unique barometer of corporate sentiment stood in the previous month, the latest edition of business magazine LMD reports. “Concerns about the economy and investment climate, as well as interest rates, mirror a slight dip in business confidence, with fiscal reforms set to lead to further discontent,” it explains.

ADB upbeat on SL

ADB President Takehiko Nakao answers questions from the international media at the opening press conference of the 49th Annual Meeting of the ADB Board of Governors in Frankfurt, Germany.