Etel iPC mini-computer introduced to Sri Lanka

Brantel Lanka (Pvt.) Ltd, which pioneered in introducing Etel mobile phones to Sri Lanka, has launched the multi-tasked Etel iPC mini-computer in the Lankan market.  

Kaira Technologies appoints MyDeal.lk as online channel partner in Sri Lanka

Regional distributor of information technology (IT) peripherals, storage, networking, display products and services – Kaira Technologies – recently appointed MyDeal.lk (Pvt.) Ltd and MyStore.lk (Pvt.) Ltd as its exclusive online channel partners in Sri Lanka for the entire range of Strontium products.   

Sri Lanka Investment and Business Conclave 2016 to kick-start in March

Overseas investors (Business Executives) expected to take part in the upcoming ‘Sri Lanka Investment and Business Conclave 2016,’ organized by the Ceylon Chamber of Commerce have shown an interest to meet Sri Lankan businesses engaged in diverse business sectors.  

Litro Gas posts record growth in 2015

The national LPG (liquid petroleum gas) company marks 2015 a record year posting gross profits of over Rs.6 billion with significant increases in volumes (22pct) and market growth (acquiring a total485,548 new connections). 

GIANT STEP FROM NLB

National Lotteries Board, leader in country’s lotteries market has embarked upon a most extraordinary journey over 50 years, giving rise to billionaires,

Holcim Lanka and World Vision award homes to the needy in Mundalama and Kalpitiya

Holcim (Lanka) Ltd, a member of the Lafarge Holcim Group, together with World Vision Lanka, officially awarded 40 homes to the communities of Mundalama and Kalpitiya recenlty.

Vavuniya residents benefit from Lanka IOC’s health screening camp

Lanka IOC PLC, acknowledging its responsibility towards the society conducted several Corporate Social Responsibility (CSR) initiatives under its theme ‘WE CARE’

Jordan to provide express visa for Lankan businessmen

Jordanian envoy to Sri Lanka Hassan M. Al Jawarneh said his embassy would help Sri Lankan businessmen to access quick visas to Jordan...

Rupee forwards edge down; IMF statement raises concerns

REUTERS: The Sri Lankan rupee edged down yesterday on importer dollar demand though banks selling the greenback prevented a further fall amid concerns triggered...

Unknown disease spreading across Lankan pepper cultivations

Sri Lanka’s pepper industry stakeholders fear significantly lower production yields this year as an unknown disease is spreading across the country’s pepper cultivations. 

Bidding for Mannar gas fields in 2 months: official

Bidding rounds for the Mannar basin’s offshore oil and gas fields are likely to begin in two months, a top Power and Energy Ministry official said yesterday. 

Access Engineering 3Q net up 2.6%

Diversified Access Engineering PLC saw its net profit for the quarter ended December 31, 2015 (3Q16) edging up 2.6 percent year-on-year (YoY) to Rs.544.8 million.

January tourist arrivals up 24%; tourists from China soar 122%

Tourist arrivals to Sri Lanka in January 2016 rose 24.3 percent year-on-year (YoY) to 194,280, Sri Lanka tourism office data showed.

Foreign policy implementation should be led by the Foreign Ministry

The Sunday Times had a headline recently that said with immediate effect that a Committee headed by Charitha Ratwatte a one time UNP Chairman will oversee the working of the Ministry of Foreign Affairs (MFA). 

Elephants, tourism and cruelty to animals

In Sri Lankan tourism, riding an elephant has become one of the key attractions. Due to this we find many elephants in the country being victims of...

Finnish delegation in town to explore biz opportunities

A business delegation consisting of eight representatives of leading Finnish enterprises and banks paid a visit to the Board of Investment (BoI)

SL requests IMF bailout to tackle budget deficit

AFP: Sri Lanka has made a formal request for an International Monetary Fund (IMF) bailout package to aid its struggling economy after a sharp slowdown in growth and with its budget deficit widening, officials said Saturday.

Sri Lanka aims self-sufficiency in renewable energy by 2050

Sri Lanka will aim at generating 100 percent renewable energy for local consumption by 2050 while exporting non-renewable energy to the SAARC region, top government officials said.

New projects to further improve RPC estates’ living standards

The quality of life of the nearly one million population residing in Regional Plantation Company (RPC) estates is set to improve substantially

Abans presents laptops to deserving students

The fifth stage of Abans ambitious CSR initiative “From your laptop to their future” marked its presence at the Abans Head Office recently. 

Rotterdam cruise liner calls at H’tota port

Holland America’s 230-metre long passenger liner ‘Rotterdam’ with 1164 passengers and 598 crew on board docked at the Hambantota Port at about 7.00 a.m. yesterday. 

HSBC-Daily Mirror-Life successfully conclude content marketing campaign

HSBC Sri Lanka and Daily Mirror-Life have successfully concluded an innovative content marketing campaign in the Christmas season rewarding HSBC cardholders at their hearts’ content.  

FinMin to set up two committees to resolve tariff and tax-related issues

Sri Lanka’s Finance Ministry will be reviving two advisory committees to look into customs tariffs and tax-related issues, top officials said.

IMF pushes government to make stronger effort to cut budget deficit

The International Monetary Fund (IMF) has told the Sri Lanka authorities to “urgently make a stronger effort” to cut the country’s budget deficit.  

John Keells Hotels 3Q profit narrows over declined occupancy

Leading hotel operator John Keells Hotels PLC saw its group net profits narrowing 13 percent to Rs.364. 6 million from a year ago amid the declining occupancies, the interim results released to the Colombo Stock Exchange last week showed. 

HSBC Sri Lanka becomes first foreign bank to join LankaPay’s CEFTS

HSBC has become the first foreign bank to join the Common Electronic Fund Transfer Switch (CEFTS) launched by LankaPay, the national payment network operated by LankaClear (Pvt) Ltd. 

Sampath Bank opens newest off-site ATM at Elapitiwala

Sampath Bank opened the newest off-site ATM at Nawaloka Junction, Elapitiwela, Ragama. 

Interest rates set to rise during 2016

Increasing fiscal deficit, reducing liquidity in the market, exchange rate pressure, US rate hike and inflationary expectations are likely to exert upward pressure on domestic interest rates during 2016. 

CNCI to launch Achiever Awards 2016

The Ceylon National Chamber of Industries (CNCI) has planned the official launch and media briefing of CNCI Achiever Awards 2016 for industrial excellence to be held at Salon Anthurium of Hotel Galadari on February 9, 2016 at 6:00 p.m. 

SLASSCOM holds sixth People Summit

The sixth consecutive SLASSCOM People Summit, organised by the Sri Lanka Association of Software and Service Companies (SLASSCOM) HR Forum, was held recently at Cinnamon Grand Colombo.