Last Updated : 02-08-2014 02:09



Wijeya Newspapers and TELiBrahma add excitement to print publishing

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Colombo, 22 May 2013: TELiBrahma, India’s leading mobile advertising solutions company specializing in augmenting real world context with digital engagements; announced its partnership with Wijeya Newspapers Ltd - to bring interactive print content LIVE on readers’ mobile/tab.
Views: 3402

US $ 75-100mn cement venture on track

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Binod Chaudhary-controlled Cinnovation Group has already obtained the preliminary approvals from the Board of Investment (BoI) of Sri Lanka and licence to carry out tests from the Geological Survey and Mines Bureau (GSMB) for the US $ 75-100 million cement factory the group is planning to set up in Sri Lanka’s northern peninsular.
Views: 1537

Billionaire Binod Chaudhary bullish on Sri Lanka

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The 1,342nd Forbes US dollar billionaire in the world, Binod Chaudhary, yesterday said that he has ‘full confidence in the Sri Lankan system’ to make investments and set up businesses in the island nation and stressed fast tracking of official procedures will further enhance the business-friendly environment.
Views: 3799

Dialog Axiata bags Sri Lankan Cricket sponsorship

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Dialog Axiata PLC, a unit of Malaysia's Axiata group has clinched the sponsorship deal for Sri Lanka Cricket at a sum of Rs.753.9 million+ taxes, a stock exchange filing by Sri Lanka's largest mobile services provider said.
Views: 2802

SLT’s superfast Internet goes live

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Celebrating the ‘World Telecommunication and Information Society Day (WTISD) last week, the national telecommunication service provider – Sri Lanka Telecom (SLT) announced the soft launch of its Very-High-Bit-Rate Digital Subscriber Line 2 (VDSL2) advanced fixed broadband technology.
Views: 2220

Flydubai begins Mattala services

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The Dubai-based budget carrier Flydubai officially launched its services to Sri Lanka’s second international airport in Mattala yesterday.
Views: 1751

CICT receives first vessel carrying equipment

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Colombo International Container Ter minal (CICT), which is developed under the South Harbour Terminal project received its first vessel on May 20, carrying on board 3 gantry cranes and 10 rubber tire gantry cranes to be installed at the CICT.
Views: 2319

New CEO at MillenniumIT

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Mack Gill has been appointed the new CEO of MillenniumIT, a unit of diversified international exchange business of London Stock Exchange Group.
Views: 2477

Short term T-bill yields flat; long term edge up

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Treasury bill yields remained more or less flat at the second T-bill issue after the policy rate cut by the Central Bank with 12-month bill yields edging up 2 basis points
Views: 1555

UK firm secures £35mn Lankan bridge deal

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A Darlington firm has signed a £35 million contract to build hundreds of road bridges in Sri Lanka, BBC reported. Cleveland Bridge will design and build the structures in jungle and rural areas of the country
Views: 1300

Nepal billionaire plans US $ 75mn cement plant in Jaffna

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Nepal’s first Forbes billionaire, Binod Chaudhary has submitted a proposal worth of US $ 75 million to the Sri Lankan government to set up a stateof-the-art cement plant in the Jaffna Peninsula, a statement issued by Chaudhary’s office said.
Views: 1725

Nepal billionaire plans to set up UIS $ 75mn cement plant in Jaffna

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Nepal's first Forbes billionaire, Binod Chaudhary has submitted a proposal worth of US $ 75 million to the Sri Lankan government to set up a state-of-the-art cement plant in Jaffna Peninsula, a statement issued by Chaudhary's office said.
Views: 2536

Allianz Lanka completes first quarter with strong financials

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Allianz continued its upward growth trajectory in the first quarter of 2013, achieving a profit before tax of Rs.85 million, a 5  percent increase over last year.
Views: 1349

IMF calls for second generation tax reforms

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With the first generation of tax reforms failing to generate intended revenues, International Monetary Fund (IMF) has urged authorities to bring about second generation of tax reforms focused on broadening the tax base through improved administration.
Views: 1733

World’s most luxurious Champagne Cattier enters Lankan market

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Cattier Champagne one of the most luxurious champagnes since 1763 enters the Sri Lankan market on its 250th anniversary.
Views: 2195

Fitch affirms HSBC Sri Lanka at 'AAA(lka)'; Outlook Stable

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Fitch Ratings Lanka has affirmed HSBC Sri Lanka branch's (HSBCSL) National Long-Term Rating at 'AAA(lka)'.The Outlook is Stable.
Views: 1896

Brewer calls to revisit 100 - year old Excise laws

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The Excise Ordinance of 1913 should be amended at least now to address modern day issues, a top official of a leading Sri Lankan brewery stated.
Views: 1874

Kapruka brings ‘Global Shopping' to fingertips

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Sri Lanka’s largest e-commerce organization, has unveiled an exciting shopping experience to Sri Lankans through its ‘Kapruka Global Shop’ which will give customers access to over 50 million global products.
Views: 3174

SLT completes country's first CCTV surveillance system

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Sri Lanka Telecom, the national telecommunication services provider has successfully connected the country's first and largest Closed Circuit Television (CCTV) surveillance system
Views: 2821

Toyota becomes Asia's biggest firm surpassing Samsung

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Toyota has accelerated past South Korea's Samsung Electronicsto become Asia's biggest company by market value, after the Japanese
automaker's shares doubled in the past year
Views: 1898

HSBC may cut up to 14,000 more jobs

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HSBC could cut another 14,000 jobs as part of the next phase of its plan to cut up to $3 billion more in annual costs and slim down, it said today.
Views: 2171

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MEP convention
The scene of a tragedy
Saluting the alma mater
Video: Health workers in protest march
MEP convention
The scene of a tragedy
Saluting the alma mater
Video: Health workers in protest march