Large portion of port income used for loan settlement: Minister

Though the Colombo Port has earned an income of Rs.26 billion this year, a significant portion of it will go to settle a loan obtained from the Chinese government for the construction of the Hambantota Port, Ports and Shipping Minister Arjuna Ranatunga yesterday said.

PHD Sri Lanka clinches 2 Silvers at Campaign Asia’s Agency Awards

?A fresh face to many at this year’s Agency of the Year Awards, PHD Sri Lanka certainly made its mark by the end of the evening, being named both the top digital and media agency in Sri Lanka,...

NSB excels at Great HR Quiz 2015

?National Savings Bank emerged victorious at the Great HR Quiz 2015 dubbed as “The Clash of HR Mega Minds” being the winner in both the Banking Sector Category and the Overall Category. 

IPM Sri Lanka launches Certified HR Auditors’ Network

IPM Sri Lanka recently launched the Certified HR Auditors’ Network comprising of 28 senior members who were awarded the “Certified HR Auditor” title after successfully....

Prof. Sally urges need for right economic team

?Highly respected economist Prof. Razeen Sally recently said it was imperative to have the right economic team that shares Prime Minister Ranil Wickremesinghe’s vision in reforming and building the Sri Lanka’s economy. 

NCPI’s November inflation at 4.8%

?Sri Lanka’s inflation for the month of November as measured by the National Consumer Price Index (NCPI) stood at 4.8 percent accelerating from 3 percent in October, the Census and Statistics Department said. 

Eastern Province to set up own tourism development authority

?As Eastern Province has failed to receive due recognition and focus as a tourism hotspot, the Eastern Provincial Council Chief Ministry announced it was gearing up to establish its very own tourism development authority.

Billionaire James Packer resigns as Crown director

?BBC: Australian casino operator and billionaire James Packer has announced his resignation as director of Crown Resorts Limited. The move follows his resignation as chairman in August and has added fuel to speculation he wants to buy out Crown and take it private.

Tea outlook for 2016 volatile: brokerage

?Projecting a possible market outlook for Ceylon tea in 2016 would have a strong element of “crystal ball gazing” due to turmoil in Sri Lanka’s key export markets and their drastic currency depreciations, commodities brokers Forbes and Walker said.

Case for efficient information system at Colombo bourse

?An efficient information processing system is necessarily vital to establish a fair trading platform for share market investors. Information comes mainly in three forms. That is old or past information, publicly available new information and information not publicly known.

Commitment to root out endemic corruption from Sri Lanka

?Last week, I marched from Vihara Maha Devi Park to Independence Square behind a 0 percent Tolerance for Corruption banner.  

Sri Lanka’s year of democracy, reconciliation and rebalancing

It is no exaggeration to say that 2015 will be remembered as a major turning point for Sri Lanka as a nation. 

Budget 2016: Mega projects, populist relief, stalled reforms worsen macroeconomic imbalances

?The economic policies of the newly elected government are said to be based on the concept of “social market economy” built on social justice principles. Social market economy, which combines market economy and social security, became the hallmark of economic policies in Germany in the 1950s. 

Sri Lanka Insurance concludes ‘Call to Donate’ project

Sri Lanka Insurance(SLIC) achieved a significant milestone upon the successful completion of its latest project ‘Call to Donate’, launched in October with the unifying call to all Sri Lankans,...

Korea Corner, Colombo Public Library get books on ‘Korea’

?The Embassy of the Republic of Korea donated a total 221 of books and audiovisual materials regarding Korea to the Korea Corner at the Colombo Public Library. 

Three companies join forces for massive tree planting campaign

?The executive staff, senior management and directorate of Somapala & Co. (Pvt) Ltd, Kamal Cables (Pvt) Ltd and Kamal PVC Industries (Pvt) Ltd joined forces in coming together to embark on a massive tree planting campaign recently. 

Delmege Insurance Brokers facilitates EPL insurance cover for Nawaloka Construction

Delmege Insurance Brokes (Pvt) Ltd recently facilitated an Environment Pollution Liability (EPL) Insurance cover for Nawaloka Constructions Company for its US$ 60 million construction project consisting of 120 Villas,...

SJMS brings joy of Christmas to Cancer Hospital children

?The staff of SJMS Associates visited the National Cancer Hospital, Maharagama recently in an attempt to cheer the children warded at the hospital. 

DFCC Bank reaches out to healthcare institutions in the North

?DFCC Bank PLC recently assisted two healthcare institutions in the Jaffna and Vavuniya regions, by providing them with essential equipment to cater to the needs of patients. The timing of this initiative coincided with the 60th anniversary celebrations held in the region. 

Lalith De Silva appointed Presidential Media Director

Media veteran A.B. Lalith De Silva was appointed as Presidential Media Director (International Affairs) recently.

CPC’s eco cycle to implement energy, water and waste mgt system: Report

According the recently released Supplementary Environmental Impact Assessment (SEIA) report, Colombo Port City (CPC), upon completion of reclamation works, 

German govt. promotes university-business linkage system in Sri Lanka

The German government has assisted the Sri Lankan Government in many facets in developing the SME sector in Sri Lanka and one such intervention is the University Business Linkage (UBL) Programme executed under the patronage of the University...

NEDA and ILO launch web portal, online one-stop-shop for young entrepreneurs

?The doors for the Lankan youthto move towards a much needed entrepreneurial culture opened yesterday when the national SME giant launched a pioneering initiative aimed at the youth of the country in partnership with International Labour Organization (ILO). 

BOI attracts FDI deals worth US $ 1.6bn in year 2015

As a result of the introduction of new procedures aimed at improving facilitation, the Board of Investments (BOI) has succeeded in attracting a number of important projects in key sectors of investment to the tune of US $ 1.6 billion in value, the country’s apex investment promotion body said. 

D. Samson & Sons (Pvt) Ltd Opens 210th Showroom in Kiribathgoda

?Beginning from the 28th of November 2015, no. 76/A, Kandy Road, Kiribathgoda has become the location of D. Samson & Sons (Pvt) Ltd.’s brand new showroom. This is the 210th showroom in the DSI retail network. 

ESOFT recognised for Business Excellence in Education Services

?Sri Lanka’s largest, private sector higher education network, ESOFT was selected Runners Up in the Education Services category at the 12th National Business Excellence Awards 2015. 

Towards an immersive 2016

?In the world of technology nothing stands still. The rapid pace of innovation we’ve seen across all IT in 2015 will continue into 2016 without a doubt and usher us all into an era of seamless computing. 

SLT Mobitel and Microsoft offer free selfie stick with special bundle for Lumia devices

?The National Mobile Service Provider SLT Mobitel has partnered with Microsoft yet again for a special seasonal promotion. The promotion has been launched for the Microsoft Lumia 540 and the Microsoft Lumia 535 devices. 

FITIS and BCSSL claim APICTA - 2015 in Colombo a resounding success

The Asia Pacific ICT Alliance (APICTA) Awards - 2015 held in Colombo was a resounding success, said the Federation of Information Technology Industry Sri Lanka (FITIS)...

MillenniumIT launches Sri Lanka’s first privately held Tier 3 data centre

?MillenniumIT, leading financial software and technology solutions provider and member of London Stock Exchange Group (LSEG), has become Sri Lanka’s first private company to upgrade to a Tier 3 data centre.