Sri Lanka lures in Ericsson to boost ICT infrastructure

Ericsson, in collaboration with the Telecommunication and Digital Infrastructure Ministry, launched the ‘Nation

The promise of Yahapalanaya should not get washed away

On January 8, nearly 54 percent of our people voted for a new president and for a new government with a mandate

Is the Central Bank a profit-making institution?

Several newspaper articles have appeared recently with regard to the losses incurred by the Central Bank

PUCSL to introduce separate accountancy guidelines for CEB and LECO next year

The Public Utilities Commission of Sri Lanka is bringing in separate accountancy guidelines for the Ceylon

7 Star launches new improved bakers flour to local market

Serendib Flour Mills (SFML) recently introduced its new and improved 7 Star bakers flour formula to the Sri Lankan market. 

DSI Panadura showroom gets brand-new look

May 30, 2016 saw the reopening of the DSI showroom in Panadura. The store, which is situated at No.99,

CEAT Sri Lanka to invest Rs.800mn to boost radial capacity by 75%

CEAT Sri Lanka has announced it will invest Rs.800 million over the next 12 months to substantially expand 

People’s Leasing and Finance set to strengthen foothold locally and regionally

The country’s largest non-banking financial institution, People’s Leasing and Finance PLC (PLF), is currently 

SLT rewards Extra GB Bonanza promo winners

Sri Lanka Telecom (SLT), the leading information communication technology (ICT) solutions provider in Sri Lanka,

7 Star launches the new improved bakers flour to the local market

Serendib Flour Mills (SFML) recently introduced its new and improved 7 Star baker’s flour formula to the Sri Lankan market

An impressive ten day rescue and relief effort by D S boys a true testament to ‘Country before Self

The wrath of nature took its course. The heavens let loose and the flood gates opened up; leaving thousands of people displaced with no food to eat, no water to drink and no roof for shelter. 

LSEG inks deal with BOI to set up global business services arm here

The Board of Investment of Sri Lanka signed an agreement with “London Stock Exchange Group” (LSEG) to set up their global business services arm in Sri Lanka. 

Siemens signs MoU with Megapolis Ministry to offer expertise on smart city solutions

Siemens, a renowned global leader in the area of Smart Cities, strengthened its partnership with Sri Lanka by signing a Memorandum of Understanding (MoU) with Ministry of Megapolis and Western Development to offer expertise and best practices from its globally-proven, state-of-the-art, sustainable, smart city solutions portfolio. 

Cantaloupe Hotel’s properties win 2016 TripAdvisor Certificate of Excellence

Cantaloupe Hotels announced that both its premier properties Cantaloupe Levels and Cantaloupe Aqua have earned the 2016 TripAdvisor Certificate of Excellence. 

Complex land laws-biggest bottleneck, says Iconic MD

Mirror Business recently sat down for a chat with Iconic Developments Ltd Managing Director Rohan Parikh over Sri Lanka’s real estate market and the business activities carried out by his company in the country. Iconic Developments recently concluded its US$ 30 million affordable luxury Iconic 110 project in Rajagiriya, and announced its intentions to launch a second US$50 million Iconic project in the vicinity.

Emirates opens new lounge at Cape Town International Airport

Emirates’ premium and loyal customers can now look forward to even greater levels of comfort, hospitality and convenience with the opening of the airline’s new two-level premium lounge at the Cape Town International Airport in South Africa.

Thilak Weerasinghe takes lead in sports tourism

Thilak Weerasinghe, Founder and Chairman of Lanka Sportreizen, has been recognized once again for his massive contribution in pioneering Sports and Adventure Tourism in Sri Lanka, with his company winning the Presidential Award for the ‘Most Outstanding Leisure Sports Provider in Sri Lanka for 2015’.

Three factors affecting global growth in 2016 and beyond

For well over a decade BRIC (Brazil, Russia, India and China) nations, an acronym invented by Goldman Sach’s Jim O’Neill, have been synonymous with global economic growth. 

SLTPB and Hong Kong’s i-Cable TV to create celebrity travelogue

Sri Lanka Tourism Promotion Bureau (SLTPB) together with i-Cable TV Entertainment- Hong Kong are to promote Destination Sri Lanka in Hong Kong  by hosting for a media team of their latest travelogue called ‘Travel With My Guitar’. 

Responding to Sri Lanka’s economic crisis

Sri Lanka’s balance of payments is in dire straits. The country’s mounting foreign and domestic public debt, a huge fiscal deficit and a severe foreign exchange shortfall have led to potentially calamitous economic circumstances. 

Tourism Minister meets top figure of China’s tourism administration

Tourism Development and Lands Minister John Amaratunga met with the Chief of the China National Tourism Administration in Beijing last week on sidelines of the World Tourism Conference attended by over 50 Tourism Ministers.  The two Ministers discussed briefly the opportunities for greater corporation between the two countries to promote tourism. Dinesh Weerakkody and Felix Rodrigo Advisor to the Tourism Minister also participated.

Altair hosts senior bankers

Some of Sri Lanka’s most senior bankers came together recently at a networking dinner hosted by Indocean Developers, the promoter of the Altair luxury high-rise development in Colombo 2. The group comprised of Chairmen, Managing Directors, CEOs and Chief Operating Officers of leading local and international banks.

Sri Lanka Tourism launches road show promotions from Melbourne

Sri Lanka Tourism Promotion Bureau launched its first roadshow in Melbourne, Australia on May 17th. 

S-lon Lanka powers the launch of Tripitaka App

The ‘Tripitaka mobile app’ by S-lon was ceremoniously launched at Kiri Vehera Temple, Kataragama, in commemoration

PM says boutique hotels way forward for Lankan tourism

Targeting to achieve both high-end tourists and 4.5 million tourists by 2020, the Sri Lankan government

John Keells group’s broking unit 4Q net in red over depressed tea prices and stocks

John Keells PLC (JKL), the commodities and stock broking arm of John Keells group, turned in a net loss of Rs

Singer Sri Lanka offers online product demos to customers

Singer Sri Lanka PLC, the country’s premier consumer durables retailer, has launched “Singer -Show Me How”,

Tax reforms mandatory as only 0.13% of population have tax files

Sri Lanka’s tax system is in need of drastic reforms if the country is to proceed along the path of ‘sustainable’ 

India’s Sun Pharma gets U.S. subpoena over generic drugs pricing

REUTERS: The U.S. Department of Justice (DoJ) has subpoenaed India’s largest drugmaker Sun Pharmaceutical

Japanese govt., pledges support for production economy

Japan has expressed its support in Sri Lanka’s endeavour to develop a production economy, F i n a n c e Min