Colombo, Sri Lanka, 16 October 2026: Prima KottuMee has come on board as the Silver Sponsor of the Asia Rugby Emirates Sevens Series 2026, rallying behind Sri Lankan rugby as the team gears up to make its mark on the regionals. The 2026 edition features 24 national teams across the men’s and women’s divisions, with…
CMTA warns of further Rs. 40 billion revenue leakage in 2026, calls for urgent removal of 15% depreciation
The Ceylon Motor Traders’ Association (CMTA), the senior-most automotive association in Sri Lanka affiliated with the Ceylon Chamber of Commerce, has issued an urgent appeal to the government to abolish the 15% depreciation currently granted on used vehicle imports, warning that the concession is causing massive revenue leakages at a time when the country can…