Last Updated : 23-07-2014 16:12

 
 

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Dialog Axiata invests further US $ 115mn to expand ICT infrastructure

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Dialog Axiata PLC, a unit of Malaysia’s Axiata Group, has recently inked a deal with Sri Lanka’s Board of Investments (BoI) to invest a further US $ 115 million, approximately Rs.15 billion, to expand Dialog’s nationwide telecommunication networks and digital satellite television services.
Views: 5630

‘The Elements’ - Fairway Holdings launches its 4th Luxury Apartment Project

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Emerging from the fusion of the elements, life is born anew to fulfil the dreams of those who wish to embrace it. Pure in form and perfect in spirit, "The Elements by Fairway" is a celebration of eternal life...in perfect harmony.
Views: 5284

Public and private cruises to be launched along country’s west coast

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Sri Lanka’s first tourist yachting company, Sail Lanka Charter (Pvt) Ltd, recently announced the launch of public and private cruises along the country’s west coast on board the company’s 48 foot sailboat, Topaz which is moored at the Beruwala Harbour.
Views: 4672

Etisalat comes on board with Dialog’s eZ Cash

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Dialog Axiata PLC, a unit of Malaysia’s Axiata group, yesterday announced that Sri Lanka’s Central Bank had granted its approval to extend Dialog’s mobile money platform eZ Cash to the country’s third largest mobile operator Etisalat Lanka (Pvt.) Ltd as well.
Views: 7540

Unilever’s Pureit : “Democratizing safe water”

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Pureit is an international range of water purifiers made by Unilever currently sold in India, Mexico, Brazil, Nigeria, Indonesia and Bangladesh, consisting of eight models - Pureit Classic, Pureit Advanced, Pureit Compact, Pureit Classic Autofill, Pureit Intella, Pureit Marvella, Pureit Marvella UV and Pureit Marvella RO.Pureit was first launched in Chennai India in 2005 and was subsequently introduced in Sri Lanka 2 ½years ago. Following are the excerpts of an interview held with Unilever Sri Lanka Ltd. Marketing Director - HPC & Water Siddharth Banerjee highlighting the Pureit’s role in Sri Lanka.
Views: 6374

LB Finance named Sri Lanka’s best retail finance company

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Global Banking & Finance Review, UK adjudged LB Finance PLC as “Best Retail Finance Company in Sri Lanka for 2013”, awarded on the back of the company’s outstanding efforts to support Sri Lanka’s small and medium entrepreneurs.
Views: 5530

Former Air Force Commander assumes duties as BoC Chairman

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Former Air Force Commander Air Chief Marshall Harsha Abeywickrema assumed duties as the new Bank of Ceylon (BoC) Chairman yesterday.
Views: 5368

Lubricant player calls for an effective regulator

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The Public Utilities Commission of Sri Lanka, which operates as the shadow regulator in the absence of a proper regulator, has not been empowered to deal with the issues confronting the lubricant industry, a top official of Sri Lanka’s largest lubricant industry player stated.
Views: 4784

Public unrest against another Hayleys factory

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Just under seven months to the incident which led to the closure of the Weliweriya glove manufacturing plant, another Hayleys group factory, Hanwella Rubber Products Ltd located in Hanwella has taken public to the streets, interestingly for the same contamination issue.
Views: 5111

Hennayake elected APB President

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The Association of Professional Bankers (APB) has elected Piyal D Hennayake as its President at the AGM held recently. He succeeded Sampath Bank CEO/MD Aravinda Perera.
Views: 5674

Lee Hedges to build Rs.1.2bn office complex

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Lee Hedges Investment Ltd, a fully owned subsidiary of Lee Hedges PLC has signed an agreement with Board of Investment (BoI) for a 15-story office complex in Colombo 03 at an estimated cost of Rs.1.2 billion.
Views: 5147

Commercial Bank Rewards Winners of the Special SMS Promotion on International Women’s Day

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The exclusive women’s savings account, Anagi from Commercial Bank, conducted a special SMS promotion based on the theme ‘The woman who inspired me the most’ in collaboration with Wijeya Newspapers Ltd to commemorate International Women’s Day on the 8th of March 2014.
Views: 5655

Sri Lanka to witness first pre-owned Porsche car fair

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Eurocars (Private) Limited, the official Porsche importer in Sri Lanka, is organizing for the first time a Porsche approved preowned car fair from March 8 to 9, at Arpico car park at Union Place.
Views: 6809

Singer Sri Lanka posts marginal growth in challenging 2013

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Consumer durables retailer Singer Sri Lanka said it recorded ‘marginal growth’ for the year ended December 31, 2013 (FY13) amid challenging business environment aggravated by low customer demand.
Views: 5674

SLT raises US $ 100mn to upgrade infrastructure

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Sri Lanka Telecom PLC, the leader in fixed telephone services in the country has raised US $ 100 million five- year term loan facility with the support of HSBC and Sampath Bank.
Views: 6312

Harsha demands for EPF’s audited accounts again

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United National Party Parliamentarian and economist, Dr.Harsha de Silva yesterday once again raised the issue of non-submission of audited accounts of Employees’ Provident Fund (EPF) —the largest superannuation fund controlled by the Central Bank—to the Parliament for the year 2011.
Views: 6109

Avirate expansion plan & launch of Spring/Summer 2014

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Avirate, the leading women’s clothing retailer in Sri Lanka held a press conference on Friday 21st Feb 2014 to announce the launch of their new Spring/Summer 2014 collection, combining casual, sassy street wear, festival trends and elegant evening wear & also to talk about their expansions globally this 2014.
Views: 6519

MasterCard upbeat about Sri Lankan prospects

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Sri Lanka could benefit and seek higher growth from global electronic payment trends, falling in line more with the current cashless spending patterns, a top official from the US financial services multinational, MasterCard said.
Views: 5291

Launch of Sri Lanka’s 1st Crowdsourced Creative Agency

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Me Idea, the creative agency of Loops Solutions, the leading digital marketing company in Sri Lanka was launched on Friday, 21st February 2014, offering for the first time in Sri Lanka, one of the most innovative and creative solutions to revolutionise the marketing industry through crowdsourcing.
Views: 5251

Sri Lanka ventures into offshore fish farming

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Oceanpick (Pvt.) Ltd, a local company seeking to pioneer sustainable marine aquaculture, recently installed the country’s first sea cage, initiating offshore fish farming off the Eastern coast of Sri Lanka.
Views: 4527

Nearly 200 Cyber crime related incidents reported in SL each month

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The Sri Lanka Computer Emergency Readiness Team Coordination Centre (Sri Lanka CERT CC) established in 2007 to protect the country’s information infrastructure and coordinate protective measures against cyber security revealed that it receives about 200 complaints monthly related to cyber crime, cyber threats and hacking.
Views: 5313

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Remembering ‘Black July’
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Army Commander chats with former commanders
Workshop on National Alcohol Policy