Poor-quality decision-making main cause for destruction of plantations

We have been stressing on the systematic killing of this world-renowned plantation industry of Sri Lanka through a series of newspaper articles during the past few months. These articles were a gist of the evolution of the plantation industry of Sri Lanka since the first nationalization of lands by the then Agriculture and Lands Minister the late Hector Kobbekaduwe under the Sirima Bandaranaike government way back in 1972, to the present times co

New Canon EOS 80D creates images and movies that come alive

Canon launched the new EOS 80D digital DSLR camera recently, with advanced features to improve the professional photographer experience. The EOS 80 D which replaces the popular EOS 70 D comes with new EF-S18-135mm f/3.5-5.6 IS USM kit lens compatible with the newly developed Power Zoom Adapter PZ-E1.

Access Engineering undertakes installation of Optical Fiber Backbone and Sprout Connectivity for Dia

Access Engineering PLC which has long been a catalyst of growth in the telecommunication infrastructure development sector is currently engaged in the deployment of an Optical Fiber Backbone Network and an Optical Fiber Sprouts Connectivity project for Dialog Broadband Networks (Pvt) Ltd. 

Sri Lanka’s continental shelf: Let’s safeguard our national interests before it is too late

In the recent past several articles have been published in the local press with regard to the objections by Bangladesh to Sri Lanka’s claim of the continental shelf beyond 200 nautical miles from its coast baseline made to the United Nations Commission on the Limits of the Continental Shelf (CLCS). The Dhaka Tribune dated April 15 quoting a senior official of the Foreign Ministry has pointed out that as Sri Lanka’s claim overlaps the

SLT to launch “OTT entertainment platform” in Sri Lanka

Sri Lanka Telecom (SLT) announced that the company is about to launch a streaming service via the first of its kind, Sri Lanka’s OTT (Over-The-Top) platform to make entertainment options available online to Sri Lankans.

“5core” sounds system stabilizes in local market

“5core” Sounds System of Indian origin possesses a history spanning 31 long years. “5core Sounds Systems”, established its specific identity in the varket, by setting up an unfading name.

Fully loaded Exide all geared to power up Fox Hill Supercross 2016

Sri Lanka’s leading auto motive battery brand Exide, will be the official battery partner at this year’s Fox Hill Supercross event, which is due to be held on the April 24th.

Will Sri Lanka overcome its economic woes?

Last year, soon after taking power as President of Sri Lanka, Maithripala Sirisena requested a US $ 4 billion loan from the International Monitory Fund (IMF) to restructure its debt repayments. The bailout package was rejected by the IMF. It warned the government instead to rationalise the tax system and arrest growing inflation.

Inconsistency continues to mar government policy

Further confusion was created yesterday over the government’s tax policy with State Minister for Finance Lakshman Yapa Abeywardena announcing that the new 15 percent value-added-tax (VAT) rate effective from May 2 will not be applicable to water, electricity and medicine. When the tax 

Shares end up 2nd straight session

REUTERS: Sri Lankan shares rose for the second straight session yesterday as investors bought diversified shares such as market heavyweight John Keells Holdings PLC, brokers said.

This week tea auction proceeds with lower quantity but good demand

The tea auction this week saw a relatively small quantity of 4.9M/kgs come under the hammer but a good demand was observed consequent to the lower volumes and the absence of an auction last week on account of the Sinhala and Tamil New Year.

Sri Lanka 5-day rupee forwards steady on dlr sales, moral suasion

REUTERS: Sri Lankan five-day rupee forwards traded steady yesterday on selective dollar sales by a state bank and as moral suasion by the Central Bank prevented a fall, despite demand for the greenback from importers, dealers said. Forwards, which are known as spot next and act as a proxy for the spot currency, were trading at 146.50/80 per dollar at 0545 GMT compared with Tuesday’s close of 146.50/60.

Leo Burnett Worldwide acquires majority stake in Solutions Group

Leo Burnett Worldwide, a part of the Publicis Groupe announced the acquisition of a majority stake in the Solutions Group, the leading communications company based in Sri Lanka. A As part of the acquisition, Leo Burnett Sri Lanka and Arc Worldwide Sri Lanka will now be fully integrated into Publicis Communications, one of Publicis Groupe’s four Solutions hubs regrouping all creative communications activities.

Milling team behind 7 Star success story

Serendib Flour Mills (Pvt) Ltd., was set up with the objective of providing an uninterrupted supply of wheat flour to Sri Lankan consumers, manufactured in a state-of-the-art mill, guaranteeing superior quality and hygiene. Led by a cutting-edge team with deep expertise in the art of milling, Serendib Flour Mills is backed by the  Al-Ghurair investments in Dubai, UAE. 

CEAT India picks Sri Lanka for mega sales and regional conference

Several key strategic decisions relating to the tyre business were taken at a conference in Colombo this week when manufacturing giant CEAT Limited conducted its annual sales and regional conference in Sri Lanka for the first time.

Talent sparks at “Laugfs on stage” grand finale

The grand finale of ‘Laugfs on Stage’, Laugfs’ very own in-house talent show, was held recently at the Musaeus College Auditorium, showcasing the many creative talents of its diverse team across the group.

Sri Lanka 5-day rupee forwards steady on dlr sales, moral suasion

REUTERS: Sri Lankan five-day rupee forwards traded steady yesterday on selective dollar sales by a state bank

Milling team behind 7 Star success story

Serendib Flour Mills (Pvt) Ltd., was set up with the objective of providing an uninterrupted supply of wheat flour to 

Sri Lanka currently not a destination for sustainable tourists despite industry efforts: expert

Sri Lanka is currently not a destination for sustainable tourists despite industry efforts, but new investments

Leo Burnett Worldwide acquires majority stake in Solutions Group

Leo Burnett Worldwide, a part of the Publicis Groupe announced the acquisition of a majority stake in the 

Commercial Bank supports Ranaviru Sevana ‘Avurudu’ celebrations

The ‘Avurudu’ celebrations of ‘Ranaviru Sevana,’ the rehabilitation centre in Ragama for disabled war heroes, 

Holcim Lanka signs MoU as technical consultancy partner for second year

Holcim Lanka, a member of the LafargeHolcim Group, a global leader in the construction material industry, 

CEAT India picks Sri Lanka for mega sales and regional conference

Several key strategic decisions relating to the tyre business were taken at a conference in Colombo this

Shares end up 2nd straight session

REUTERS: Sri Lankan shares rose for the second straight session yesterday as investors bought diversified

Inconsistency continues to mar government policy

Further confusion was created yesterday over the government’s tax policy with State Minister for Finance Lakshman 

Talent sparks at “Laugfs on stage” grand finale

The grand finale of ‘Laugfs on Stage’, Laugfs’ very own in-house talent show, was held recently at the Musaeus

TFO shines light on climate action to lead an environmentally-conscious lifestyle

On the 19th of March, Earth Hour 2016 was honoured by millions around the world as well as our country.

This week tea auction proceeds with lower quantity but good demand

The tea auction this week saw a relatively small quantity of 4.9M/kgs come under the hammer but a good

Green Energy Champion Sri Lanka launched as “CarbonNeutral Event”

PR Wire, Sri Lanka’s first ever CarbonNeutral Public Relations firm, recently partnered with international 

HNB climbs the ‘peak’

Going forward in ‘Banking Beyond Transactions’, HNB, under its CSR pillar Care for Nature, have funded a project to clean the garbage at the Adams Peak (Sri Pada).