Daily News Online

Thursday, 27 June 2013


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BRAC, LOLC acquires Nanda Investments

BRAC, one of the world’s largest micro financing providers entered into a ground breaking strategic alliance with LOLC one of the largest conglomerates whose core business is financial services, to acquire the controlling interest of Nanda Investments and Finance PLC (Nanda Investments).

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Heavy excise taxes a bane to motor industry-CMTA Chairman

Heavy excise taxes have adversely affected the motor industry, said Tilak Gunasekera, Chairman, Ceylon Motor Traders’ Association addressing the CMTA AGM in Colombo recently. “The Government increased excise duties on vehicles in March 2012 to discourage imports with the hope that this will curtail the widening trade deficit.

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Indo-Lanka bilateral trade tops $ 4bn

With bilateral trade crossing $ 4 billion, a new chapter has opened in Indo-Lanka trade ties with the first ever Joint Task Force (JTF) coming into play. Strong signs of greater Indian market access for Lankan exporters and prompt resolution of trade barriers for them are the other developments in this new turn.

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For the very first time, Singer Sri Lanka, awarded Rs. 10 million to the winner, R. W. Gunasiri of the Singer Avurudhu Dhana Nidhanaya, held during the Sinhala Tamil New Year season. In addition, 100 loyal Singer customers also won Rs. 100,000 each. “Singer has always provided customers best possible value for their money on a wide range of products,” said Mahesh Wijewardena, Marketing Director of Singer Sri Lanka. “This year’s promo was the biggest we’ve ever held with a total winning value of Rs. 20 million, including the grand prize of Rs. 10 million.” The winner, R. W. Gunasiri and his wife with the Dhana Nidhanaya. Top officials of Singer Sri Lanka, Managing Director, Nasser Majeed, CEO Asoka Pieris, Marketing Director, Mahesh Wijewardana and other officials at the event. Picture by Sumanachandra Ariyawansa

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