Afghan woman flying around world solo now in Sri Lanka

Shaesta Waiz, the youngest woman to complete around the world solo flight landed in Sri Lanka on July 27th.  

IOSL and CIM organize workshop for marketers in shipping and logistics industry

?The ?Institute of Shipping & Logistics  (IOSL)? is celebrating its 35th anniversary this year ?and ?a series of events/workshops ? have been scheduled? to showcase ?this milestone.??

Etihad Airways records US$ 1.87bn net loss in 2016

Etihad Airways announced its 2016 financial results, recording a net loss of US$ 1.87 billion on US$ 8.36 billion in revenues as one-off impairment charges and fuel hedging losses weighed against a solid performance of the core airline.  

Shipping and logistics expert Waidyaratne elected CASA Chief

The Ceylon Association of Shipping Agents (CASA) announced that Ruwan Waidyaratne, Managing Director – Hayleys Advantis Limited, had been unanimously elected as its Chairman for 2017/18 at the Association’s 51stAnnual General Meeting (AGM) held recently.

ITX 360 as authorized Cenmetrix distributor

ITX 360 signed up to be an authorized distributor of Cenmetrix to market their solutions and services offered to the Sri Lankan corporate sector. 

99X Technology powers Sri Lanka’s first-ever Serverless Meetup

99X Technology held Sri Lanka’s first-ever technical Meetup on the open source web framework Serverless earlier this month. The event saw some awesome cutting-edge globally trending tech insights shared with an eager audience.

New Ceylinco customer app selects mCash to be payment solution

mCash is the first to integrate as a mobile payment solution to power the newly-launched Ceylinco Customer App. 

IFIP-SEARCC partner CSSL to host Lanka’s biggest ICT event

The Computer Society of Sri Lanka (CSSL) has assembled an impressive line-up of speakers for the upcoming NITC 2017 (National IT Conference), which is being held in conjunction with the IFIP General Assembly and SEARCC Conference. With around 100 prominent experts visiting Colombo for the international events, CSSL has taken the opportunity to draw on the significant pool of international talent to offer delegates unprecedented access to thought

Metropolitan Telecom Services launches Micromax Q3555 in SL

Metropolitan Telecom Services unveiled a new smartphone from Micromax Informatics this week after experiencing a surge in local demand for mid-range smartphones. 

Oracle gears to assist more Lankan companies their journey to Cloud

Considering their success in Sri Lanka, Oracle, a global software company with their plans to expand operations in the country, recently revealed their plans to assist more Lankan companies in their journey to Cloud.

Access Residencies to conquer Thalawathugoda

Access Residencies, a fully owned subsidiary of Access Engineering PLC, recently broke ground for the first apartment complex built under its name in Thalawathugoda recently. 

UltraTech-IESL continue free ‘Building Clinics’ to support SL public

UltraTech Cement Lanka and the Institution of Engineers of Sri Lanka signed an MoU, pledging to continue their partnership to offer free expert engineering advice through Building Clinics to home-builders island wide.

Role of chrysotile fibre cement in SL’s roofing industry

Shelter is one of the basic necessities discovered by humans as early as the prehistoric times. The earliest shelters were built using stones, clay and sundried bricks and later materials like timber, glass, concrete as well as steel were invented to fortify the structures.

Sri Lanka completes controversial US$1 bn port deal with China

AFP: Sri Lanka on Saturday sealed a billion-dollar deal to let a Chinese state firm take over a loss-making port in a move that worries many, including its giant neighbour India.

High costs, competition hurt Teejay Lanka 1Q performance

Knitted fabric maker Teejay Lanka PLC saw its performance in the most recent quarter being hit by a combination of factors, which included competition, higher raw material prices and overheads, finance costs and expiration of the tax holidays.  

Janashakthi Recognized for Commitment to Society at Fintelekt Insurance Awards 2017

Janashakthi Insurance PLC was recognized for its work as a responsible corporate citizen at the Fintelekt Insurance Awards 2017 held in Mumbai, India, recently. The insurer received the ‘Corporate 

Armed guards for tomatoes in India as prices rise

BBC: The price of tomatoes has risen so much in India that armed guards have been deployed to protect shipments of them in one state.

Sampath Bank to raise Rs.7.6bn via rights to beef up capital

Sampath Bank PLC’s board of directors last week gave approval to raise as much as Rs.7.6 billion in fresh equity via a rights issue to comply with enhanced capital requirements under the BASEL III accord.

Central Bank Governor emphasizes importance of high-tech products in export diversification

Asserting that transforming Sri Lanka’s export sector is probably the most crucial economic challenge the country now faces, the Central Bank Governor Dr. Indrajit Coomaraswamy recently highlighted the importance of giving prominence to high-tech products when diversifying the country’s export basket. 

SEC prevents securities law violations through strong surveillance tools

It appears that Sri Lanka’s Securities and Exchange Commission (SEC) believes in the old adage ‘prevention is better than cure,’ as the country’s stock market regulator has proactively taken action to prevent securities law violations by utilizing a robust surveillance system.

Colombo Suburban Railway Project not realistic: expert

The government could be following in the footsteps of its predecessors in project development, as the US$ 2 billion Colombo Suburban Railway Project aiming to modernize and electrify railroads under the grand Megapolis Plan has only taken into account an overly optimistic scenario, an expert warned.

Sampath Bank Offers the Best Leasing Rate in the Market

In continuing to offer their customers the best leasing solutions in the market, Sampath Bank has once again introduced the lowest vehicle leasing interest rate in the country. Starting June 2017, 

Hayleys Advantis Invests In Mega Distribution Center

Hayleys Advantis Limited broke ground for a Mega Distribution Center (DC) in Kotugoda, on Friday 28th July, paving the way for the construction of the largest facility of this nature in the country

Union Bank partners NCE Export Awards as Premium sponsor

Union Bank announced its partnership as the Premium sponsor of the Annual Export Awards organized by the National Chamber of Exporters (NCE) of Sri Lanka. 

Equill to invest in small businesses and big ideas

Equity Investments Lanka Limited (Equill), a venture capital and investment company, is actively looking for investment opportunities in the form of risk capital in small and medium sized businesses.  Equill views the high level of economic activity and growth in healthcare, education, tourism, 

New Inland Revenue Chief calls on chartered accountants to bridge gap between tax payers and departm

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) felicitated the new Inland Revenue (IR) Commissioner General Ivan Dissanayake at a ceremony held recently. 

Learnings from Sri Lanka propelled our practice: MTI’s Bangladesh Head

Commenting on the completion of 14 years since MTI set-up its fully-owned Bangladesh subsidiary and coinciding with MTI CEO’s visit to Dhaka, Saima Mazhar (Country Manager) said, “Our Sri Lankan operations have provided an excellent learning platform and sharing of experiences that has helped MTI Bangladesh to propel as one of Bangladesh’s leading strategy consultancies. 

German automakers face class actions over price-fixing

AFP: German auto giants Volkswagen, BMW and Daimler were hit with lawsuits this week charging the companies colluded illegally to drive up the prices of their cars.

Asia markets slump as US tech sell-off spreads

AFP:  Asian markets tumbled yesterday to end two days of gains as a US tech sell-off spread to the region, adding to concerns over corporate results.

Bimputh Finance wins a plethora of awards

Bimputh Finance has been presented with awards covering many areas this time for the excellent service rendered.