Sri Lanka Telecom Mobitel celebrates twenty illustrious years. Commencing operations in 1993, Mobitel was one of the foremost mobile service providers in Sri Lanka, beginning operations using first generation cellular technology - Advanced Mobile Phone System (AMPS)/ Time division multiple access (TDMA).
The number of vehicles registered during 2012 has recorded a 30 per cent decline to 397,295 from the highest figure of 575,000 recorded in 2011, according to the latest data released by the Department of Motor Traffic.
The Board of Investment (BoI) of Sri Lanka signed an agreement with International Construction Consortium (Pvt.) Ltd (ICC) for a mixed development project in Malabe.
Sri Lanka's Year-on-Year inflation in December eased to 9.2 percent from 9.5 percent in November, the data released by the Department of Census and Statistics showed
Sri Lanka’s telecommunications sector entered the 4G era recently with the launch of Commercial LTE Services in the city of Colombo by Dialog Broadband Networks (DBN), the fixed telecommunication services arm of the Dialog Axiata Group.
U. S . hedge fund manager Raj Rajaratnam has agreed to pay disgorgement of about $1.5 million in a civil lawsuit filed by the Securities and Exchange Commission, and to waive his right to appeal the judgment, court papers showed.
Nestlé Lanka PLC said it has paid Rs.4 billion, approximately US $ 31 million to the local farming community to procure raw materials such as fresh milk and coconut for its food and beverage products during 2012.
The average national debt shouldered by each Sri Lankan has risen by 25% to reach Rs. 308,171 (US $ 2,371), from end of last year’s Rs.245, 980 (US $ 1,892), the monthly economic statistics released by the Central Bank of Sri Lanka (CBSL) showed.
With old friends alienated and close friends like India at bay, and China, Libya and Russia among main allies, Sri Lanka’s foreign economic policy is completely lopsided.
For the first time in Sri Lanka, the National Mobile Service Provider, Sri Lanka Telecom Mobitel launched a NFC (Near Field Communication)based loyalty programme – the Club Magnate loyalty programme. This ground-breaking product is yet another innovative addition to the Telco’s growing portfolio.
Amana Bank was recognized as one of those institutions that had brought in foreign investments into Sri Lanka during the most difficult period of terrorism in the country, at the Global Commerce Excellence Awards ceremony held at The Kingsbury hotel in Colombo recently.
Minimum broadband speeds are expected to be imposed and strictly monitored for both fixed and wireless operators from next January, Sri Lanka’s telecom regulator said.
Micro Cars Ltd commenced its first set of exports of six locally assembled tractors to Malaysia recently.
The efficacy of Sri Lanka’s banking secrecy laws has been called into question by former Chairperson of the Ceylon Chamber of Commerce and good governance activist Chandra Jayaratne, in the wake of a purported leaking of the confidential bank account details of Chief Justice Shirani Bandaranayake to Members of Parliament.
US technology giant Apple has been working with component suppliers in Asia to test new TV sets in a possible move to branch into the television market, a report said Wednesday.
HSBC Holdings PLC has agreed to pay $1.92 billion to settle a multi-year U.S. criminal probe into money-laundering lapses at the British lender, the largest penalty ever paid by a bank
Subsequent to the completion of the acquisition of Aviva NDB Insurance PLC last week, AIA Group announced five appointments to the firm’s director board amidst the resignation of directors representing Aviva and National Development Bank (NDB), a stock exchange filing by the company said.
Authorities are said to be working on the lifting of the sales ban of cough syrup, Corex and Corex-D in a month’s time, the Cosmetics, Devices & Drugs Regulatory Authority (CDDRA) said.
Mobitel’s cricket team made its way into the finals of the ‘Elephant Lemonade Cup’, MCA ‘D’ Division League Tournament 2013.
Amana Bank, Sri Lanka’s premier bank operating in complete harmony with the principles of Islamic banking, is now accessible through the Bank’s new ATM network. The Bank’s ATM service is available through its own ATM machines and through all Commercial Bank of Ceylon ATM machines island-wide.
Asian insurance giant, AIA Group Limited, which is listed on the Hong Kong Stock Exchange, yesterday said it has closed the acquisition of Aviva NDB Insurance PLC (CTCE) as the company acquired 92.3% of the firm in a US$ 109 million deal that was announced in September, this year.
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