Last Updated : 03-09-2014 02:51



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: 1790

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: 2391

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: 2557

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: 1626

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: 1327

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: 1776

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: 2582

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: 1377

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: 1770

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: 2239

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: 1926

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: 1903

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: 3261

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: 2917

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: 1961

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: 2198

HSBC Lanka trims custodian services

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HSBC Sri Lanka is believed to have withdrawn from custodian banking services with the exception of high-end retail and corporate clients, as part the bank’s a global restructuring drive, Mirror Business learns.
Views: 2340

Sri Lanka cuts rate to spur growth

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Sri Lanka’s Central Bank reduced policy rates by 50 basis points to stimulate growth. Accordingly the repurchase rate will be placed at 7 percent and the reverse repurchase rate at 9 percent
Views: 1586

Priyan Fernando new Brandix Chairman

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Brandix Lanka Limited has announced the appointment of Priyan Fernando, currently a non-executive Director, as Chairman effective May 3, 2013
Views: 2997

Dialog first quarter profits at Rs.1.6bn

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Sri Lanka's leading mobile services provider, Dialog Axiata PLC has posted a net profit of Rs.1.59 billion for the first quarter of FY13 against a net loss of Rs.531 million in the same quarter of the previous year, helped by reduced financial costs and tax refunds, the interim financial accounts released to the Colombo Stock Exchange showed
Views: 1168

Ports Chairman elected IAPH Regional VP

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Sri Lanka Ports Authority (SLPA) Chairman Dr Priyath B. Wickrama has been elected the third Vice President of the International Association of Ports and Harbours (IAPH) for the period 2013-2015.
Views: 1275

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Protest demanding salary increase
Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
Harin in Passara
Protest demanding salary increase
Launch of ‘Adara Ankura’
Remembering Anagarika Dharmapala
Harin in Passara