Govt. ties up with Google to boost internet access

The Sri Lankan government yesterday signed a memorandum of understanding (MoU) with tech giant Google Inc. to make Sri Lanka the first country in the world to have universal Wi-Fi Internet access through solar powered balloons of the Google Loon project...

Mihin Lanka introduces all-new Business Class

?Mihin Lanka recently launched its all-new Business Class cabin and service to provide passengers with added comfort and luxury on the airline’s short to medium haul flights. 

Fully automated Customs to ensure full transparency

Making Sri Lanka’s Customs procedures completely automated will perpetuate transparency, according to Sri Lanka Shippers’ Council Chairman Sean Van Dort, who spoke at the body’s Annual General Meeting recently.  

Cargills 1Q15 turns green over strong top line growth

Diversified retailer, Cargills (Ceylon) PLC group posted a net profit of Rs.403 million for the quarter ended June 30, 2015 (1Q16) from a net loss of Rs.28.1 million incurred during the same period last year amid an increase in the top line...

Rupee up after state bank cuts dollar peg

?REUTERS: The Sri Lankan rupee ended a tad firmer yesterday after a state-run bank cut the currency’s peg against the U.S. dollar by 10 cents to allow the exchange rate to appreciate to 133.60, dealers said.

IFAC President meets Finance Minister

?President of the International Federation of Accountants (IFAC), Olivia Kirtley met Minister of Finance Ravi Karunanayake at the ministry yesterday. IFAC CFO Russel Guthrie...

SL economic growth strong despite debt worries: Moody’s report

?In a report issued yesterday, Moody’s Investors Service said Sri Lanka’s B1 government rating is supported by its record of strong growth, but constrained by high government debt ratios.

Heritance Ahungalla and Heritance Kandalama excel at Culinary Awards

Sri Lanka’s premier beach resort  Heritance Ahungalla, emerged as the Most Outstanding Hotel Team in Sri Lanka for the third consecutive time after competing against 2500 ...

Adam-i to launch Sri Lanka’s first-ever Business and Strategy Simulation Tool

?Adam-i Asia, the local arm of Adam-i Consulting Japan, is set to launch Sri Lanka’s first-ever business and strategy simulation tool at a workshop to be held later this week.

Forth edition of Glass and Windows & Doors Expo to kick start in September

?Futurex Group is coming once again with the International Expo 2015 focusing upon Glass, Windows & Doors, Roofing and Tiles & Sanitary ware. The exhibition gets support from the eminent associations considering the uninterrupted success of the show and its increasing popularity. 

Ceylon Chamber to kick start ‘Best Corporate Citizens Sustainability Award’

?The Ceylon Chamber of Commerce is organizing a seminar in a bid to kick start the “Best Corporate Citizen Sustainability Award 2015”.

MICE waves across Hyderabad

?Realizing the importance of the Indian corporate meetings and incentives, the Sri Lanka Convention Bureau (SLCB) revived the joint promotions with SriLankan Airlines with the approval of the Tourism Minister Navin Dissanayake...

Emirates to fly double daily to Lisbon from January 1

In response to strong demand, Emirates has confirmed it will start operating a second daily service to Lisbon, Portugal from January 1, 2016.

Higher volumes boost CTC’s 2Q; puffs up Rs. 43 bn tax income for state

Ceylon Tobacco Company PLC (CTC), the local unit of British American Tobacco, recorded a net profit of Rs.3 billion for the June quarter (2Q15), up from Rs.2.5 billion in the same quarter of the previous year, amid higher cigarette prices and volumes. 

Former Apple branding guru Ken Segall at The Kingsbury

?Being the number one choice for notable names and dignitaries, The Kingsbury opened its doors to welcome former Apple branding guru Ken Segall on his arrival in Colombo. 

Shares rise, hover near 2-month closing high

?REUTERS: Sri Lankan shares rose yesterday, hovering near their two-month closing high hit on Friday, as expectations of strong corporate earnings and political stability after the parliamentary polls next month lifted investor sentiment.

Qatar Airways lands in Sialkot and Faisalabad

?Qatar Airways, the national airline of the State of Qatar, has launched two new destinations in Pakistan on consecutive days – Sialkot and Faisalabad.

WorldRemit launches Mobile Money Transfers in Sri Lanka

 WorldRemit, the ‘WhatsApp of money’, recently launched instant Mobile Money transfers in Sri Lanka. 

AIA Group net profit up 34% to US$ 2 bn in first half

Life insurance inflows continue to grow at healthy rates with pan-Asian life insurer AIA Group reporting strong interim...

MasterCard highlights latest e-payment innovations at Colombo workshop

MasterCard engaged with over 100 senior electronic payments professionals at its inaugural Payments Strategy Workshop in Colombo recently. 

BOC among Top 5 in ‘The Banker’ rankings

Bank of Ceylon has created history by being ranked among the Top 5 banks in the Asia-Pacific Region 

Social collaboration: Bringing innovation to workforce

The proliferation of collaboration is changing the way we define a modern enterprise.  

Virtusa recruits top IT professionals to handle clients’ projects

Sri Lanka’s IT sector has seen an exponential revenue growth of 238 percent in the last 7 years,...

Axis Communications signs TYAX as distributor for Sri Lanka, Maldives

Axis Communications, the market leader in network video, and TYAX (Private) Ltd,...

SLT expands teleshop network to Mullaitivu

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

Huawei proposes for Asia Pacific’s future direction of Ultra-Broadband development

At the first Asia Pacific Ultra-Broadband Summit hosted in Bangkok, Huawei and national regulatory agencies in Asia Pacific,...

Google’s Street View enters Mongolia on horseback

 After recording images of towns and cities across the world, 

“Most annual reports sound like they are written by public relations experts”: Top int’l consultant

Companies in Sri Lanka have many shortcomings in integrated reporting, ...

Corporate governance is the way forward: Olivia Kirtley

The Institute of Chartered Accountants organised a CEOs’ Breakfast Forum on ‘Strong Governance,...

Job rotation creating wealth of experience

With the increasing market competition, business organisations need more and more experienced employees...