Zenoi offers wide range of LED lighting products

In today’s world where demand for energy-efficient and reliable electronic products are ever-increasing, Zenoi has stood out as a trusted name, offering a comprehensive range of quality LED Lighting solutions for the consumer/retail market as well as the industrial market. Zenoi consumer range offers an array of products ranging from 3 watt to 50 watt LED bulbs, and 6 watt to 24 watt square and round LED panels, both square and round

Naturelac Paint bags SLIM SMEDA Silver Award

Naturelac Paints, a local manufacturer and marketer of paints won the silver a w a r d i n t h e m e d i u m category/construction sector at the Small and Medium Enterprise Development Awards (SLIM SMEDA) 2022 organised by the Sri Lanka Institute of Marketing. The award ceremony was held recently at the Monarch Imperial in Colombo. The Naturelac Paints Company has been selling their products in Sri Lanka for more than a decade. Th

Penteng celebrates 30 years in business

Penteng Private Limited formerly known as ‘Penthouse Engineers’ says it is excited to celebrate30 years in business marking a significant milestone in the business of providing quality and reliable engineering services. Since our modest beginnings in 1993, the company have striven to provide residential and commercial engineering solutions maintaining high s t a n d a r d s , f r o m p r o j e c t conception to completion. “On this

HNB renews partnership with Prime Group for exclusive home loans

HNB PLC has renewed its long-standing partnership with Prime Group to offer investors exclusive deals and benefits. The partnership will offer customers a range of benefits, including special interest rates during the September and October promotional period. The exclusive offer extends to all properties across Prime Group’s extensive portfolio, including highly anticipated Prime Residencies projects, such as The Grand Ward Place, The Be

Home Lands Skyline begins construction of Oceana - Wadduwa

Construction has officially started on the eagerly awaited Oceana Beach Resort Apartments in Wadduwa. This ambitious project by Home Lands Skyline brings together the best of hospitality and residential real estate, introducing a new era of luxurious beach front living. Spread across a vast 17-acre plot of pristine coastal land with an impressive 400 meters of beach front, Oceana - Wadduwa envisions 320 top-notch beachfront resort a

Sri Lanka aims to streamline tax structure, boost collections

Crisis-hit Sri Lanka will focus on improving tax collection to reduce budget deficits as it streamlines the structure of the tax system, the Treasury secretary said yesterday, with new legislation planned to improve public finances.

Dialog expands 5G roaming over 50 countries with 100 partners

Dialog Axiata PLC, the first telecommunications service provider in the South Asian region to demonstrate 5G capabilities in 2018, announced the expansion of its 5G roaming network, now encompassing an impressive 50+ countries through collaboration with over 100 esteemed partners. This development empowers Dialog customers equipped with 5G-compatible devices to experience blazing-fast data speeds of up to 1 Gbps during their international travel

Hutch to offer eSIM solution for iPhone, Samsung and other devices

Hutch is set to redefine mobile connectivity by introducing its revolutionary eSIM for all users of compatible iPhone, Samsung, and various other smartphone brands. An eSIM, also known as an embedded SIM, is a miniature component seamlessly integrated within compatible mobile devices, obviating the necessity for physical SIM cards. With the flexibility offered by eSIM, users will be able to have a second connection that can operate along with th

SLT-Mobitel offers innovative new package for senior citizens

Appreciating the dedicated service and invaluable contribution by senior citizens to the nation, SLT-Mobitel has introduced an innovative new package as a significant step towards enriching the lives of Senior citizens. This special package includes key features such as affordable pricing. For a monthly rental of just Rs. 300 (excluding taxes), seniors can access a comprehensive suite of services that provide their communication and digital needs

Huawei announces release of Ascend AI Cloud Service

At ‘Huawei Connect 2023’, Kang Ning, President of Huawei Cloud Global Ecosystem, spoke on how ‘Partnership Paves the Way for New Value’. In his keynote speech, Kang shared the latest progress and achievements of the Huawei Cloud ecosystem and announced the release of the Ascend AI Cloud Service for reliable, scalable AI computing power. Ascend joins Model Community and Developer Institute in empowering partners and developers to further grow the

Airtel Sri Lanka launches new India roaming packs

Airtel Lanka is bringing more value and savings to local subscribers travelling to the island’s closest neighbour, with the launch of Airtel’s New India Roaming packs. “Across India and Sri Lanka, Airtel is focused on delivering a superior value to ensure that our customers enjoy unrestricted connectivity wherever they go. We have also noticed a significant number of our customers who make frequent trips to India, With the launch of our Airtel In

Chandika Mendis appointed to Scybers global advisory board

Global cyber security firm Scybers has announced the addition of Chandika Mendis, a technology and startup mentor, to its global advisory board to strengthen their efforts to support startups manage cybersecurity and compliance requirements effectively. Chandika is an expert in the IT industry with over 25 years of experience. He was part of the senior leadership team at the global digital engineering firm, Virtusa driving engineering innovation

DMS honoured by Diebold Nixdorf USA at international event

Diebold Nixdorf USA (DN), the World’s largest manufacturer of CRMs and ATMs presented a Special Achievement Award to DMS (Data Management Systems Ltd), in recognition of DMS’soutstanding sales performance of the world’s most advanced new DN series of CRMs and ATMs to multiple banks, at DN’s International Banking Summit and Awards ceremony held in Bali, Indonesia, recently. Cash Recycling Machines (CRMs) are a game changer in self-service banking

Singer unveils Honor 90 with exciting new line-up

Singer, the exclusive distributor for Honor smartphones in Sri Lanka, marked a new era of affordable, cutting-edge mobile technology with the highly anticipated launch of the new line-up of Honor smartphones. The breakthrough release from China’s No. 1 Android smartphone manufacturer showcases the pinnacle of smartphone innovation, led by the flagship Honor 90, designed to redefine the mobile experience for mid-market consumers. The new smartpho

Govt. considers acquiring private thermal power plants to replace aging CEB facilities

The government is exploring the possibility of acquiring some of the privately-owned thermal power plants, as it looks to decommission several of the old thermal power plants owned and operated by the Ceylon Electricity Board (CEB).

Dissent continues over Minimum Room Rate

The sharp division within Sri Lanka’s tourism industry on the implementation of the Minimum Room Rate (MRR) became even more apparent yesterday, as the key industry stakeholders voiced their profound discontent about the move, charging that it was implemented to cater to the “vested interests” of certain hoteliers. Holding a press conference in Colombo, yesterday, they slammed the Sri Lanka Tourism Development Authorities (SLTDA) for not taking

Cabraal and Weeratunga released from private plaint

The Colombo Fort Magistrate’s Court yesterday ordered to release former Central Bank Governor Ajith Nivard Cabraal and former Secretary to President Lalith Weeratunga from a private plaint, after upholding the preliminary objections raised by the defence, challenging the maintainability of the case. Ven. Thiniyawala Palitha Thera had filed a private plaint over the alleged financial irregularities that took place while Cabraal and Weeratunga we

Smart public finance management will ensure SL’s fiscal sustainability: Shah

State Enterprise Restructuring Unit Director General Suresh Shah stated that Sri Lanka’s success in managing its public finances would lead to a sustainable fiscal position in the not-so-distant future. He emphasised that achieving this, along with efficient resource allocation and effective delivery of essential services to citizens, would reflect smart public finance management. “If you look at the three aspects of public finance management,

People’s Bank completes SL’s largest finance sector SD-WAN installation with Hayleys Fentons ICT

People’s Bank, taking yet another significant leap towards technological innovation, partnered with Hayleys Fentons ICT for a transformative SD-WAN project. This initiative covered 375 customer contact points across Sri Lanka, becoming the largest SD-WAN installation within the financial sector in the country. The project’s astounding scale is a testament to the technological prowess and dedication of the Fentons ICT team, as they completed th

Countries need debt mechanism to ‘strike a deal and move on’: Lazard

REUTERS: Countries going through a sovereign default need a debt rework mechanism that grants timely relief, even if that means finding a solution outside the G20’s programme, an executive at Lazard’s sovereign advisory team said. As adviser to the governments of Ghana, Zambia and Sri Lanka, Lazard plays a key role in a number of critical debt restructurings at a time when emerging markets more widely face renewed pressure from growing debt burd

Gem and jewellery sector calls for more liberalised environment to unleash full potential

Sri Lanka’s gem and jewellery sector this week stressed the need for a more liberalised operating environment to facilitate its growth and enhance its role as a significant contributor to the national economy. The industry stakeholders highlighted that Sri Lanka possesses immense potential to serve as a hub for gem and jewellery in the South Asian region. However, achieving this position necessitates the creation of a conducive environment by the

CB confident of swift IMF review completion and second tranche disbursement

The Central Bank is confident the successful completion of the first review of the Extended Fund Facility (EFF) shortly would ensure ....

No support from tourism authorities

The local gem and jewellery sector yesterday said Sri Lanka Tourism has not extended support despite the repeated requests.....

Local precious stones to shine bright at upcoming FACETS Sri Lanka 2024

The upcoming edition of FACETS Sri Lanka, Asia’s premier gem and jewellery exhibition, will be hosted on a much grander scale as the country’s....

August trade gap expands amid sluggish apparel exports

Sri Lanka’s trade balance expanded in August as earnings from merchandise exports fell due to continuous decline in apparel exports, while the imports during the month remain subdued. August...

LOLC Group to raise US$ 100mn via sustainability bonds

Sri Lanka’s LOLC Group is raising US$ 100 million through an issuance of sustainable bonds that will be listed on the Frankfurt Stock Exchange. LOLC’s Singapore-based....

David Cameron kicks off Port City Colombo’s global investment drive

Representatives of top corporations in the UAE, accompanied by high-potential investors, property developers, hotel owners and leaders in the hospitality and real estate industries, converged....

Smart public finance management will ensure SL’s fiscal sustainability: Shah

Suresh Shah, the Director General of the State Enterprise Restructuring Unit, stated that Sri Lanka’s success in managing its public finances would lead to a sustainable fiscal position....

Asia Internet Coalition calls govt.’s Online Safety Bill ‘draconian’

The Asia Internet Coalition (AIC) has expressed its concerns about the Online Safety Bill, which was gazette recently, calling it “draconian” and a blow to Sri Lankans’ “rights to expression.” AIC said....

Sri Lanka likely to resume rate cuts tomorrow to spur growth

Sri Lanka’s Central Bank is expected to resume interest rate cuts tomorrow as it attempts to bolster a recovery from its worst economic crisis in decades, capitalising on low inflation to complete....