India’s Mahindra Holidays and Ideal Retreats bring Club Mahindra to Sri Lanka

This week witnessed the introduction to Sri Lanka of the largest vacation ownership company outside the USA, namely Club Mahindra, which was introduced by Mahindra Holidays & Resorts India Limited (MHRIL) and Ideal Retreats (Pvt.) Ltd.

‘BlackBerry KEYone’ Limited Edition launched in Sri Lanka

Optiemus Infracom Limited, an Indian telecom enterprise, announced its entry into the Sri Lankan market with the launch of ‘BlackBerry KEYone’ Limited Edition |Black recently. 

Sampath Bank’s payeasy.lk now bigger and better

While the advent of online shopping and online bill payments has made lives a bit more convenient, people are still faced with having to visit multiple websites and payment portals, one for each specific task.

Biomass Group partners with InfraCo Asia to develop biomass supply chain in Sri Lanka

InfraCo Asia Development Pte. Ltd (InfraCo Asia), has signed a Joint Investment and Development Agreement (JDA) with Biomass Group Ltd (Biomass Group) for investment in Biomass Ventures Pte Ltd (Biomass Ventures) to develop a first-of-its-kind, agri-energy infrastructure project 

Samsung Sri Lanka launches all new My Galaxy app

Samsung Sri Lanka announced the launch of My Galaxy, an application to help Samsung Galaxy owners get the most from their smartphones. 

Women in Sri Lanka’s workforce declined to 36% in 2016 from 41% in 2010: WB report

Removing barriers to women’s paid work will encourage more Sri Lankan women to participate in the workforce, finds a new World Bank report.  Safe childcare and transportation, early orientation to career development to better prepare girls to enter and remain in the workforce and implementing gender equal labour laws and practices are among recommendations of the report.

President opens Golden Crown Hotel in Kandy

The Golden Crown Hotel, a super luxury, deluxe property located on two acres of beautifully landscaped gardens in Kandy and designed by renowned architect Dr. Upendra Rajapakse, was ceremonially declared open by President Maithripala Sirisena on November 25. 

Increase in employment despite supply-side inflation shows economic resilience: Governor

The weakening of theoretical economic relationships during a time of crisis shows the resilience in Sri Lanka’s economy, according to Central Bank Governor Dr. Indrajit Coomaraswamy.

Mobitel’s Cash Bonanza Season 2 winner drives away with a brand new Montero

The National Mobile Service Provider, Mobitel recently presented the 10th grand prize of a brand new Montero as a part of its year-round Cash Bonanza

CAMMS wins gold at NBQSA 2017

Global Enterprise Performance Management (EPM) software vendor, CAMMS – a world leader in planning and strategy, project

Universal Online Payment Portal payeasy.lk Now Bigger and Better

In today’s fast-paced world, most of us have hectic schedules with little or no time to even run simple errands like purchasing groceries or paying bills

Etihad Airways Start Of Grand Prix With Spectacular A380 Fly-Past

Abu Dhabi, United Arab Emirates – Etihad Airways, the national airline of the UAE, once again marked the start of the Formula 1 

Ganemulla flyover construction nearing completion

Access Engineering PLC is nearing the completion of the construction work of Ganemulla flyover, a much needed solution for heavy traffic at Ganemulla railway crossing.

Landmark introduces ‘nano house’ to Sri Lanka

The concept of a ‘nano house’ was first introduced in Switzerland, and was named the world’s smallest sustainable house.

Roofing.lk opens first showroom at Malambe

Roofing.lk, a subsidiary of Rhino Roofing Products Ltd. and a popular one-stop-shop for roofing accessory needs, recently announced the launch of its inaugural showroom ‘Roofing.lk’ at Malambe. 

Ekroma provides boutique apartment lifestyle experience with Elegant 16

A BOI-approved real estate and development company, Ekroma Realtors, hopes to encourage a lifestyle that exudes style, elegance and comfort with their inaugural boutique-style residential apartment project, Elegant 16. 

Leema Creations wins SAARC award for Excellence in Interior Design

Leema Creations Pvt Ltd, one of the leading total interior solutions providers and furniture manufacturers in Sri Lanka was conferred the Brand Excellence in Interior Decorators and Designers Award for the SAARC region at the South Asian Partnership Summit and Business Awards Ceremony held recently at Le Meridian Hotel, Dhaka, Bangladesh. 

Millennium Housing records Rs.169 mn first half profit

Millennium Housing Developers PLC (MHDL), Sri Lanka’s leading township developer, announced their outstanding financial performance for the H1 ending 30th September 2017 posting all-time high H1 revenue of Rs.1378.25 million with a PAT of Rs.168.89 million. 

Orion City Towers open for bookings

The Orion City Towers complex is now open for bookings. Custom designed to suit the dreams and needs of a modern business and the first of its kind in Sri Lanka, the building is part of the master plan of the Orion City IT Park- Sri Lanka’s largest one-stop hub for innovation and collaboration.

Sustainable oil palm central to Sri Lanka’s plantation industry success

Collectively the global palm oil market’s value is projected to expand continually from US$ 65.7 billion up to US$ 92.8 billion by the year 2021. 

Changing int’l trade dynamics of Sri Lanka

Sri Lanka’s trading pattern has been such that the two largest markets for its exports are the United States of America (USA) and United Kingdom (UK). Regionally, Europe is the single largest market for Sri Lanka’s exports.

Shakti solar pumps enter Sri Lankan market

One of the most revolutionary eco-friendly products which has already marked its presence globally, Shakti solar water pumps were introduced to the Sri Lankan market recently.

October tea output up 36% on good weather

REUTERS:  Sri Lanka’s tea output jumped 36.2 percent due to good weather in October and a lower base last year, the state-run Tea Board said recently.

SriLankan special sales promo at WTC

SriLankan Airlines Colombo sales team recently conducted a special Melbourne promotion at the World Trade Center offering customers an interactive promotion with giveaway tickets to lucky winners.

Emirates brings step change in 3D printing for aircraft parts

Emirates has announced that it has used cutting-edge 3D printing technology to manufacture components for its aircraft cabins.

Etihad Airways Swiss flights become all Boeing 787 Dreamliner Services

Etihad Airways’ flights to and from Switzerland will become an all-Boeing 787 Dreamliner operation with the aircraft being deployed on the Abu Dhabi – Geneva route, effective March 25th 2018.

Over 80% tax revenue collected from ordinary people via indirect taxes: Mangala

Finance and Mass Media Minister Mangala Samaraweera told a recent meeting that he was dismayed when he was told that 82 percent of the total tax revenue collected was in the way of indirect taxes, and was borne by ordinary citizens of the country.

Mangala’s plan to extend fishing rods to people instead of fish could backfire: academic

The government’s attempts to extend fishing rods to Sri Lankans instead of fish to relieve their hunger will be sorely tested due to the upcoming elections and the dependent mentality of locals, senior academics said recently.

ADB, Deutsche Bank enter deal supporting Sri Lankan SMEs

The Asian Development Bank (ADB) and Deutsche Bank AG announced an agreement to enter into a Supply Chain Finance (SCF) transaction under ADB’s Supply Chain Finance Programme (SCFP).  The SCF will provide over US $ 200 million in annual financing to small and medium-sized enterprises (SMEs) across developing Asia.

Central Bank establishes department to implement new foreign exchange law

The Central Bank of Sri Lanka has established a new department to implement the new foreign exchange law.