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Last Updated = Mon, Sep 25, 2017, 11:50 pm SL Time

* President orders to impose 100% tax on big onion imports to help local farmer

Sept 25 (CP) Colombo- Sri Lankan President Maithripala Sirisena has instructed the Finance Ministry to impose 100 percent levy on imported big onions.
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* Leading global relocations player Santa Fe collaborates with EFL relocations

Sept 25 (CP) Colombo- Pioneering freight and logistics provider EFL (Expolanka Freight) has officially partnered with global family moving giant Santa Fe Relocation Services.
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* Sri Lanka business chamber presents seminar on 'Construction Industry and the Way Forward' on Sept 28

Sept 25 (CP) Colombo- The National Chamber of Commerce in collaboration with Construction Industry Development Authority (CIDA) will hold a seminar on the Construction Industry on September 28, 2017 from 3.00 p.m. to 5.00 p.m. at the National Chamber Auditorium, 450 D R Wijewardene Mawatha, Colombo -10.
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* New tax law exempts net income of small businesses and artistes up to Rs. 500,000 from tax

Sept 24 (CP) Colombo- The Ministry of Finance in a communique clarified that the net income of small businesses and artistes up to 500,000 rupees will be exempted from taxation under the new Inland Revenue Act.
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* Sri Lankan shares fall to one-week low as blue chips decline

Sept 25 (Reuters) COLOMBO- Sri Lankan stocks fell for a third straight session on Monday to a one-week closing low as investors sold shares in market heavyweights ahead of the central bank’s policy rate decision.
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* Aitken Spence to sell Hotel Hilltop, Kandy for Rs.740mn

Sept 25 (DM) Aitken Spence Hotel Holdings PLC last week announced its decision to dispose 100 percent stake in M.P.S. Hotels Private Limited, the owners and the managers of the Hotel Hilltop Kandy for a consideration of Rs.740 million.
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* Sri Lanka rupee internationalization detected

Sept 24 (ECONOMYNEXT) Sri Lanka's customs authorities have seized 44 million rupees (290,000 dollars) worth Sri Lanka rupee notes, which a couple of travellers were attempting to take to Dubai, without declaring to the authorities, a media report said.
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* Budget deficit to be reduced to 4.5% of GDP - Eran

Sept 24 (SO) “The Government plans to reduce the Budget deficit to about 4.5 percent of the GDP over the coming year, as much has already been accomplished in bringing micro-economic stability, particularly in terms of reducing the Budget deficit”, State Minister of Finance Eran Wickramaratne told the Sunday Observer.
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* Ceylon Chamber's ICT Gateway Project to source contracts from Norway's multi-billion ICT market

Sept 25 (CP) Colombo- The Ceylon Chamber of Commerce invites Sri Lankan ICT firms to join the Chamber's ICT Gateway Project, an initiative by the country's premier chamber to help local firms benefit from the thriving ICT industry in Norway.
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* Sri Lanka's Kitul Honey promoted in Guangzhou

Sept 25 (CP) Colombo- Consulate General of Sri Lanka in Guangzhou, China together with the Ceylon Kitul Institute (CKI) of Sri Lanka organized a Workshop on kitul honey and kitul products on 8th September 2017 alongside the Food and Hospitality Trade Fair(FHW) which was held from 8th - 10th September in Guangzhou, China.
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* PM emphasizes development of tourism industry to build a strong economy

Sept 24 (CP) Colombo- Sri Lankan Prime Minister Ranil Wickremesinghe says the tourism industry should be developed as a main step to build a strong economy.
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* Sri Lanka participates in the Fine Food Exhibition - 2017 in Sydney, Australia

Sept 24 (CP) Colombo- Consulate General of Sri Lanka in Sydney, Australia in collaboration with Sri Lanka Tea Board and the Coconut Development Authority organized Country Pavilions at this year's Fine Food Australia Exhibition.
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* Zone24x7 named best value added exporter in hi-tech and innovative products sector

Sept 25 (Island) Zone24x7 Pvt Ltd, part of a global end-to-end technology innovations company established in 2003 with its headquarter based in Silicon Valley, California, was again for the third consecutive year awarded the highest value added exporter in the hi-tech and innovative products category at the recently held Presidential Export Awards.
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* ‘Economic reforms making role of accountants increasingly important’

Sept 25 (DN) With more economic reforms, the role of accountants too has become increasingly important, stressed Minister of Industry and Commerce Rishad Bathiudeen addressing the 2017 annual convocation of Chartered Accountants of Sri Lanka (CASL) recently
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* Five top SOEs targeted for major reforms

Sept 24 (ST) Sri Lanka’s five largest State Owned Enterprises (SOEs) – Ceylon Petroleum Corporation (CPC), Ceylon Electricity Board (CEB) National Water Supply and Drainage Board, Airport and Aviation Services Ltd and the Sri Lanka Ports Authority are to undergo management restructuring soon, official sources disclosed.
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