Eagle Logistics strengthens automotive logistics arm with Tiger Logistics India

Automotive logistics is one of the strongest products of Eagle Logistics for the last 10 years handling many corporate customers in Sri Lanka. Recently it had its partners’ conference in Colombo with Tiger Logistics to further strengthen its relationship for automotive business between India and Sri Lanka.

DIMO-Mahindra introduce Yuvo tractor range to local farmers

Diesel & Motor Engineering PLC (DIMO), together with India’s Mahindra & Mahindra Ltd’s Farm Equipment Sector (FES), launched the new range of tractors - Mahindra Yuvo to the local farmers recently. 

SL-China ties deepen further with first Guangxi Economic and Trade Cooperation Forum

The friendly handshake between China and Sri Lanka got firmer yesterday with a large delegation from Guangxi having arrived in Colombo to engage in discussions and exchange proposals to further  boost trade.

Rapid growth of Malaysia's economy

Malaysia’s Central Bank Governor Muhammad Ibrahim delivering his address announcing the first-quarter GDP growth results at the Bank Negara offices in Kuala Lumpur yesterday. Malaysia’s economy grew at its fastest pace in two years during the first quarter, the central bank said on May 19, boosted by stronger domestic demand and a pick-up in exports (AFP)

US oil output back near records, challenging OPEC

AFP: American oil production is approaching record levels again, led by shale projects, potentially foiling efforts by OPEC to support prices.

US launches investigation into Canadian aircraft imports

AFP: The Trump administration Thursday launched an investigation into planned imports of Canadian aircraft, following a complaint last month by US aviation giant Boeing that the planes receive unfair subsidies.

After 10-year gap, Thai lotuses bloom again

AFP: For the first time in a decade a Thai lake has given up its dazzling secret- the pink blooms of tens of thousands of lotuses.

S&P raises Indonesian credit rating to investment grade

AFP: Standard & Poor’s raised Indonesia’s sovereign credit rating to investment grade yesterday, in line with the other two major rating agencies, in a move likely to attract more investment into Southeast Asia’s top economy.

US agency votes to roll back broadband ‘neutrality’ rules

AFP: US regulators voted this week to scrap a 2015 order aimed at forcing broadband firms to treat all online traffic equally, in the latest turn of the politically charged ‘net  neutrality’ debate.

Rupee falls on importer dollar demand

REUTERS: The Sri Lankan rupee fell yesterday on importer dollar demand and fewer exporter conversions, even as investors said the currency could weaken further after the Central Bank decided to buy dollars directly from the market to boost reserves.

Jockey opens Exclusive Store in Kandy

Jockey’s Exclusive Stores showcase the range and depth of all the brand’s products and are best suited to cater to the discerning customers. One such store of Jockey has opened at the heart of Peradeniya Road, a well-known shopping  street in Kandy.

People’s Bank presents Budha Pudha Vandana Vesak Bakthi Gee programme

The People’s Bank Arts Circle recently organised Budha Pudha Vandana Vesak Bakthi Gee in lieu of the Vesak festival. 

Blue Mountain spreads light for Vesak celebrations

Blue Mountain’s ethereal lanterns brightened up the UN Vesak Day celebrations, which were held in Sri Lanka this year with the participation of Buddhist leaders from around the world. 

LuLu Group chief meets Prime Minister

The UAE-based retail and leisure giant LuLu Group entered Sri Lanka by opening a US $ 8 million food packaging facility in the Katunayake Export Processing Zone on May 17th to supply LuLu operations worldwide.

Siddhalepa commemorates Vesak on grand scale

Siddhalepa Ayurveda Hospital exhibited Vesak lanterns made by the Siddhalepa staff for the 28th consecutive year to mark Vesak from May 10 to 13, at the Mt. Lavinia Hospital premises. 

Asus Sri Lanka holds ‘Avurudu Fiesta’ with Gold partners

Asus Sri Lanka hosted its key performing partners along with its sales teams and loved ones to the ‘Asus Avurudu Fiesta’ recently, in celebration of the Sinhala and Tamil New Year. 

DFCC marks Vesak with Bakthi Gee recital

The DFCC Bakthi Gee recital was held at the DFCC Bank head office on May 5, 2017 to commemorate Vesak, bringing together the staff from across the branch network.

Vogue introduces Tusker Bridal Collection

What more would you want to choose for your bride-to-be for her wedding, going away or the home coming? And, if you are that wise parent, seeking a gift of real value for your beloved daughter or the groom’s mother, looking for a distinguishing welcome gift for your new family member, Vogue Tusker Bridal Collection offers endless choices beyond mere  bridal jewellery.

Triad hosts ‘Silent Avurudu Festival’ with Western Province Deaf Association

A one-of-a-kind Sinhala and Tamil New Year celebration was organised recently at Frazer Grounds, Dehiwala by the Western Province Deaf Association (WPDA) in collaboration of Triad (Pvt.) Ltd. Children, youth as well as adults with hearing and speech impairment eagerly participated in the full-day programme packed with a variety of entertaining and exciting games, sponsored, coordinated and adjudged by the staff of Triad (Pvt.) Ltd. 

President lights up Vesak at Nawaloka Hospital

Lanterns illuminated the evening sky, earthen lamps dotted the road and pathways and lights decked up the entire building of Nawaloka Hospital when President Maithripala Sirisena inaugurated the Vesak celebrations at the premises of Sri Lanka’s leader in private healthcare. 

HNB Team ‘A’ wins Interbank Quiz 2017

The 25th Annual Interbank Quiz Competition organised by the Clearing Association of Bankers (CAB) was held recently at the Grand Ballroom of  Hotel Galadari.  

ACAP celebrates Avurudu

In keeping with the traditions of the national new year, Asia Capital PLC recently celebrated Avurudu with its staff at Taprobana Wadduwa.

Asian traders cautious after hefty sell-off as Trump woes linger

AFP: Asian traders headed into the weekend on a nervous note yesterday as a pick-up in US stocks and positive data were offset by worries about a crisis engulfing Donald Trump’s presidency that could throw his economic  agenda into doubt.

Mobitel successfully hosts ‘Google I/O Extended Sri Lanka 2017’ for the 4th time

The National Mobile Service Provider, Mobitel, recently hosted the Extended event of the highly anticipated Google I/O 2017 on 17 May 2017 at the Stein Studio Complex in Ratmalana, for the

Fairway Holdings Partners Soundarie to present “Soul” An Evening of Original Music

Maybe you’ve heard her play Beethoven or Grieg … or maybe Gershwin? Heard her perform two-piano recitals? Then again, you’re bound to have heard Soul Sounds, the internationally acclaimed 

OPPO launches Selfie Expert F3 for mid-range market - Video

The camera phone brand OPPO, strengthened the ‘Group Selfie’ trend recently by launching another Selfie Expert F3, priced

Sooriya Resort & Spa - Latest addition to Sri Lanka’s luxury hotels

Set on a hillock in a picture-perfect destination on the south-eastern coast of Sri Lanka, Sooriya Resort & Spa is a new four-star class deluxe hotel where the pristine golden beaches and diversity of wildlife meets to offer peace, tranquility and harmony to its guests.

Study on promoting IP’s role in Sri Lanka’s tourism sector nears finalization

A comprehensive study on promoting awareness on the role of Intellectual Property (IP) in promoting tourism-related economic activities and culture of the country is nearing finalization in consultation with the national steering committee chaired by Secretary Ministry of Tourism and WIPO experts. 

Laya Safari - Yala, a true trail into nature

For unbeatable access to the world-renown Yala National Park, there is no better place to stay than Laya Safari, a true trail into the nature as well as the sand, sea, surf and sacred sites that borders Sri Lanka’s virtually untouched jungle heritage.  

MyFare.lk relaunches website with focus on customer-centric service excellence

Online outbound travel plan and management portal, www.MyFare.lk recently re-launched its website in a bid to add more value to customer experience and enhance service excellence.