TRCSL Ranks Mobitel’s 4G Network as the ‘Fastest Broadband Network’ in Sri Lanka

Mobitel achieves yet another milestone by being ranked as the ‘Fastest Broadband Network’ on 4G by the Telecommunication Regulatory Commission of Sri Lanka (TRCSL). This is based on the latest 

Former CEO of Qatar Financial Centre to be featured on Ceylon Chamber’s  ‘Front Row’

‘Economy.Lk’, The digital platform  of the Ceylon Chamber of Commerce, launched to disseminate vital business and economic information is now airing ‘Front Row’, a new programme, featuring acclaimed business leaders, policy makers, economists and thought leaders from both Sri Lanka  and overseas.

SLEA Annual Sessions to focus on agriculture and industry

The hallmark event of the Sri Lanka Economic Association (SLEA), the SLEA Annual Sessions 2017, will focus on policies required to modernize the country’s agriculture and industry sectors.

EDB organizes B2B meetings with Japan’s Aeon Topvalu

Officials of the EDB met the representative of Aeon Topvalu Co. Ltd. retail giant of Japan at the EDB recently. 

Exporters highlight negative impact of frequent street protests to economy

The frequent occurrence of street protests and demonstrations orchestrated by diverse groups, most often with political backing, is seen to be having an adverse effect on the conduct of export business, National Chamber of Exporters (NCE) said in a statement. “Exporters have highlighted disruption to the operations of their export businesses due to this reason. 

Electric vehicle battery disposal could become national issue sans proper policies: auto industry st

Disposing of electric vehicle (EV) batteries could become a national issue in the medium to long-term without proper policies, as the first electric cars will begin to require replacements for their batteries shortly, an automobile industry stakeholder told a recent seminar in Colombo.

Yala safari jeep operators oppose limited access to park

The safari jeep operators at the Yala National Park carried out a protest campaign yesterday morning demanding unhindered access to the wildlife sanctuary, which is one of the country’s top most tourist attractions.

Wider income disparities emerge among urban, rural and estate sectors

Although the rising household incomes have trimmed the country’s inequality to a certain degree, the wider disparities remain in incomes among urban, rural and estate sectors, the latest data from the Household Income & Expenditure Survey (HIES) for the year 2016 by the Census and Statistics Department showed.

Sri Lanka floats international tender for 200,000 MT of rice

Sri Lanka has launched an open international tender to import a fresh tranche of rice– a first call in recent times to be issued to suppliers worldwide.

TRCSL speed tests rank Mobitel as fastest broadband network

Mobitel, the mobile arm of Sri Lanka Telecom PLC, yesterday said they have been ranked as the fastest broadband network on 4G by the Telecommunication Regulatory Commission of Sri Lanka (TRCSL), based on the speed tests carried out by the telecom sector regulator.

AIA Insurance Supreme Category Wealth Planners tour Melbourne

AIA’s Supreme Category Wealth Planners, Wealth Planners’ Mangers and DU Heads enjoyed a six day, all expenses paid holiday to Melbourne Australia, as a reward for their superior performance  last year. 106 qualifiers along with their family members totaling a group of 132 enjoyed exploring the city with its modern Federation Square development, plazas and restaurants as well as appreciating the arts in the precincts and galleries

BOC hosts Punchi Picasso art exhibition

Art is a child’s best mode of expression. In line with the BOC’s 78th anniversary, the bank made a platform for children to reveal their creativity by organizing an art competition called ‘Punchi Picasso’ jointly with the of Ministry of Education.

TMI Solutions appreciated by largest hospital in Maldives

TMI Solutions (Pvt.) Ltd who is the authorized dealer for Nihon Kohden Corporation Japan products in Maldives was appreciated by the Indira Ghandhi Memorial Hospital for the contributions made for the upliftment of the hospital’s doctors and nurses knowledge on patient monitoring and resuscitation.

Senasinghe meets delegate of Commerce and Industry Chamber, Paris

Sri Lanka International Trade State Minister Sujeewa Senasinghe met Nelly Rodi, delegate of President of Chamber Commerce and Industry (CCI)-Paris, and officials of CCI during his visit to Paris from 10th to 13th October 2017.

Ceylon Biscuits Limited wins big at NCE Export Awards 2017

Ceylon Biscuits Limited (CBL) was adjudged the ‘Most Outstanding Exporter of the year at the 25th Annual NCE Export Awards 2017 held recently in Colombo.

Quebee Den’s Rohanthi recognised as Western Province’s ‘Best Entrepreneur’

Quebee Den Founder/CEO Rohanthi Wijewickrama has won coveted “Best Entrepreneur - Industrial & Manufacturing Sector” honours at the recently concluded Entrepreneur Awards 2017 - Western Province.

Arpico PVC first local manufacturer to receive ISO 9001:2015 accreditation

Arpico PVC, Sri Lanka’s leading manufacturer of PVC pipes and fittings, recently became the first PVC pipes and fittings manufacturer in the country to be bestowed with the ISO 9001:2015 certification.

Signature joins Colombo Shopping Festival as official men’s garment partner

Colombo Shopping Festival, the most awaited shopping extravaganza is ready to bring an unmatched experience that shoppers will never forget from December 16th to  23rd at BMICH.

Deputy Minister Harsha and Nepali billionaire Chaudhary to inaugurate CA Sri Lanka’s national confer

Deputy Minister of National Policy and Economic Affairs Dr. Harsha de Silva, and Chairman of CG Corp Global Dr. Binod K. Chaudhary, who is the only Forbes listed billionaire from Nepal will inaugurate the 38th National Conference of Chartered Accountants tomorrow at BMICH, Colombo.

Mastercard Opens-Up Access to Blockchain API for Partner Banks and Merchants

Mastercard announced that it will be opening up access to its blockchain technology via its API published on Mastercard Developers. Mastercard’s blockchain solution provides a new way for 

DFCC’s Subsidiary SYNAPSYS bags silver award at NBQSA 2017

Synapsys, a subsidiary of DFCC Bank PLC, was bestowed with two prestigious awards at the 19th National Best Quality Software Awards (NBQSA) organized by the British Computer Society

Advantis Engineering Lauded for Innovative Smart Space Solution at Construct 2017

Advantis Engineering bagged the “Most Innovative Stall” Award at the National Construction Association of Sri Lanka’s (NCASL) Construct 2017 Awards ceremony held at Water’s Edge recently

LB Finance gets nod to operate microfinance business in Myanmar

L B Finance PLC’s overseas foray has borne fruit with the company successfully securing a licence to run a microfinance business in the southern central part of Myanmar, which is slowly opening up after decades of military rule.

Govt. to bring in new Fiscal Liability Management Act to tackle debt problem

The government is fast-tracking new regulations for better liability (debt) management to service the country’s massive debt pile, under which the restructuring of state-owned enterprises (SOEs) take centre stage.  

‘Invest Sri Lanka’ at iconic Nasdaq MarketSite

Representatives of the Colombo Stock Exchange (CSE) and the Securities and Exchange Commission of Sri Lanka (SEC) were recently hosted by Nasdaq at Nasdaq MarketSite –the commercial marketing presence of the Nasdaq stock market and the location for market bell ceremonies at New York’s Times Square. 

Dialog plans to set up country’s first digital bank next year

Dialog Axiata PLC is clearly upping its game in the financial technology (fintech) space following its majority stake purchase in Colombo Trust Finance PLC (CTF), as the telco plans to set up the country’s first digital bank by first quarter of next year (1Q18).

Watawala spins off tea biz; listing of new entity via introduction

Watawala Plantations PLC (WATA) has spun off its tea segment operations from its palm oil business—a move the holding company has been planning from the beginning of the financial year 2017/18.  WATA earlier said its operating assets and liabilities of upcountry tea business segment would be vested under newly formed entity, Hatton Plantations Limited.   

Sony introduces all new Bravia OLED series to Sri Lankan market

Introducing new additions to its product portfolio, Sony Electronics launched its new range of Bravia OLED televisions, ‘X series’ and ‘A series’ product lines to the Sri Lankan market, in collaboration with the authorized distributor of Sony products to the local market, Singer Sri Lanka recenly.

Sony introduces all new Bravia OLED series to Sri Lankan market

Introducing new additions to its product portfolio, Sony Electronics launched its new range of Bravia OLED televisions, ‘X series’ and ‘A series’ product lines to the Sri Lankan market, in collaboration with the authorized distributor of Sony products to the local market, Singer Sri Lanka recenly.

CICT sponsors ‘Best Innovative Exporter of the Year’ Awards

Colombo International Container Terminals (CICT) sponsored the ‘Best Innovative Exporter of the Year’ at the 25th annual export awards ceremony of the National Chamber of Exporters (NCE). The winner of the Gold award for 2017 wasthe Hayleys PLCcompany Rileys (P