EDB discusses World Export Forum with Polish envoy

The New Delhi-based Ambassador for the Republic of Poland to Sri Lanka Tomasz Lukaszuk met the Chairperson & CE of EDB Indira Malwatte in Colombo this week. The discussion centered on the Polish participation at the World Export Forum to be held In Colombo in October this year. 

LankaClear celebrates decade of T+1 cheque clearing

LankaClear (Pvt) Ltd., the company that operates Lanka Pay- the National Payment Network of Sri Lanka and functions under the supervision and guidance of the Central Bank, celebrated the 10th year anniversary of launching their revolutionary Cheque Imaging and Truncation System (CITS) recently. CITS handles all the domestic interbank rupee cheque clearings in the country.

Analytical Instruments acquires Charter House

Analytical Instruments (Pvt) Ltd (AIPL), a high technology total solutions; instrumentation and service provider serving a wide scope of technology transfer needs of the country with over 27 years of experience in diverse markets in the fields of healthcare, analytical and agriculture sectors in Sri Lanka, recently acquired the specialists in bathware, sanitary ware and kitchen solutions, Charter House International. 

SriLankan to set up aviation training centres in key cities

The training arm of SriLankan Airlines, the SriLankan Aviation College (SLAC), has appointed Nawaloka Air Services as its franchise partner to set up aviation training centres in key cities across the island.

World Bank Group launches financing facility to protect poorest countries against pandemics

The World Bank Group yesterday launched the Pandemic Emergency Financing Facility (PEF), an innovative, fast-disbursing global financing mechanism designed to protect the world against deadly pandemics, which will create the first-ever insurance market for pandemic risk. 

PickMe’s SOS feature breaks new ground

Whilst the last few days of flooding in the city of Colombo brought in a huge amount of public empathy and relief measures where the ordinary citizen plus the corporate sector threw the full might of their resources to bring relief to the destitute, some startup companies were experimenting with unique ways to support relief measures. Amongst them was the mobile app based taxi hailing service, PickMe. 

Private credit still running high; Policy brakes ineffective?

The policies adopted by Sri Lanka’s Central Bank appear to have failed in curtailing the growth in monetary

Amunugama says Sri Lanka ‘not to be missed’ opportunity

??By Shabiya Ali Ahlam Stressing the need for assistance to help realize the ambitious goals of the government 

India’s joins global race to make rockets reusable

AFP: India successfully launched its first mini space shuttle yesterday as New Delhi’s famously frugal

Low crude prices help Lanka IOC to post profit in March

The local unit of India’s Indian Oil Corporation Limited (IOC) turned a net profit of Rs. 1.56 billion with an earnings

Mackwoods majority shareholders obtain interim order against Dr.Chris Nonis

The Commercial High Court of Colombo has recently issued an interim order against Dr. Chris Nonis et

Tax hike may accelerate telecom industry consolidation: Fitch

The recent tax increases slapped on telecom services may accelerate Sri Lanka’s telecom industry consolidation

ISL –Lanka to conduct 2-day workshop on data analytics for business development

Dr. R. P Suresh, Professor in Quantitative Methods and Operations Management (Lead, Forecasting and Simulation Analytics, Operations Analytics, Accenture Analytics, Bangalore, India) will be conducting a two-day workshop on ‘Data Analytics for Business Development’, to be held on 3rd and 4th June at Kingsbury Hotel, Colombo. 

Omar Khan to address IPM Business Leaders’ Forum

Leadership expert and Team Transformational Specialist Omar Khan will be addressing the IPM Business Leaders’ Forum on May 25th at Cinnamon Grand in Colombo. The forum is themed “Yesterday’s Behaviors Will Not Deliver Tomorrow’s Results”. The event will start at 7 am.

Fugro and Aerodata Int. Surveys support Irrigation Ministry’s CRIP

One of the more critical stumbling blocks in Sri Lanka’s development journey are the climate-related hazards which pose a significant threat to the country’s economic and social progress. 

Sri Lanka calls for bids for offshore petroleum surveys

Economynext: Sri Lanka’s Petroleum Resources Development Secretariat (PRDS) has called for Expressions

Tourism minister attends world conference on tourism

Minister of Tourism Development and Lands John Amaratunga attended the first world conference on Tourism 

Alumex March net up amid higher demand and lower raw material prices

Alumex PLC, the aluminium profiles manufacturer of Hayleys group, said its March (4Q16) quarter net 

India pays part of Iran oil dues ahead of Modi visit

REUTERS: Indian refiners have cleared part of the $6.4 billion owed to Iran for crude oil imports in euros through

Sri Lanka’s April motor car and SUV registrations up

Defying the toughened conditions created for vehicle imports, April saw motor car and Sports Utility Vehicle

Twenty three dead, 500,000 flee as Cyclone Roanu hits Bangladesh

AFP: Cyclone Roanu battered the coast of southern Bangladesh on Saturday, forcing half a million people

Seylan Bank opens heart to help those affected by disaster

Seylan Bank, ‘The Bank with a Heart’, is at the forefront of assisting people affected by the disaster. 

Industrial Asphalts production ceased due to floods

Industrial Asphalts (Ceylon) (ASPH), a listed paints and bitumen producer said its production and commercial 

BOC organises ‘Wesak Bakthi Geetha’ performance

Bank of Ceylon’s (BOC) Buddhist Association organised a ‘Wesak Bkthi Gee’ performance by the staff 

Asia stocks end week on a positive note, oil rebounds

AFP - Asia stocks rose yesterday, ending the week on a positive note as oil prices rebounded and investors

Sri Lanka to get over $3.5 bn from Japan for development

REUTERS:  Japan will lend Sri Lanka more than $3.5 billion, mostly to finance development, Finance Minister 

Increased export potentials for Ceylon cinnamon

Within the framework of the project, a National Vocational Qualification (NVQ) training framework accredited

16 schools vie for Tokyo Cement Super Quiz crown

Block your weekend calendar to witness promising students from 16 schools across the island compete 

Samaposha holds Wasantha Udanaya 2016

Samaposha, the leading cereal brand of Plenty Foods (Pvt.) Ltd, a subsidiary of Ceylon Biscuits Limited

Sri Lanka keeps policy interest rates steady

Sri Lanka’s Central Bank yesterday kept policy interest rates unchanged amid renewed foreign investor