South Asia loses top global growth driver position to East Asia

After leading the global economic growth for two years, South Asia has lost its number one place to East Asia and the Pacific as the region’s economic growth is expected to drop to 6.9 percent in 2017, from 7.5 percent in 2016.

Nikon Corporation celebrates 100th anniversary

Nikon Corporation of Japan, the manufacturer of world famous Nikon cameras, recently celebrated the completion of 100 years of superlative service to its customers world-wide.

China approves HP’s US $1.1bn buy of Samsung’s printer business with curbs

REUTERS: China said it has approved HP Inc’s US $1.1 billion purchase of Samsung Electronics’ printer business with certain restrictions, citing concerns about the U.S. firm’s dominance of the domestic laser printer market.

IIT continues winning streak at local and international competitions

Informatics Institute of Technology (IIT) has once again emerged triumphant as the institute’s students and alumni bagged several prominent accolades this year.   Isuru Sampath Kariyawasam who is a Software Engineering undergraduate at IIT won them Billionth Award for his latest innovation ‘Orasi 2.0 World’. His award winning 

Experience true variety of cuisines at Hotel Riu Sri Lanka

The five-star 24hr all-inclusive hotel Riu Sri Lanka serves a variety of dishes from different destinations among which the local cuisine being a popular one.The hotel features two main 

HTC opens its first Official Store in Sri Lanka

HTC Corporation, a leading innovator in mobile and virtual reality technology, openedits first retail store in Colombo today. The HTC Store,located at Liberty Plaza, was inaugurated 

Kaspersky Lab together with Avian Technologies presents Kaspersky Internet Security 2018

The make-up of the modern home is changing, bringing with it a new era of household,which on average, cares for 2.4 people , 0.3 pets  and now also 6.3  connected devices per home. 

Land prices in Colombo keeps rising and remains the best investment option

Land values in Colombo are growing at a remarkable rate, a recent study has found. According to the national House Price Index maintained by LankaPropertyWeb.com, average land prices in Colombo

Fairway Colombo celebrates its first year in operation!

A year ago, the Fairway Colombo City Hotel made its grand entrance into the Hospitality Industry in Sri Lanka. 

Edotco wins first-ever “ Asia pacific telecoms tower company of the year”

edotco Group (“edotco”), a leading integrated telecommunications infrastructure services provider, is pleased to announce that it was presented the “2017 Asia Pacific Telecoms Tower Company of the 

Combank to provide online sales channel to Lankan merchants through WEBXPAY

The Commercial Bank of Ceylon has announced it will provide its internet payment gateway (IPG) facility to support a new e-commerce platform in  Sri Lanka.

Sanasa co-sponsors Asian Credit Union Forum 2017

ACCU Forum 2017 of Association of Asian Confederation of Credit Union was held at Galadari Hotel, Colombo recently and it was proudly co-sponsored by one of the island’s most reputed institutes, Sanasa.

Cargills Bank opens 16th branch in Ratnapura

Cargills Bank Limited opened its newest branch in Ratnapura within the Cargills Food City premises at the Municipal Commercial Complex conveniently located in the heart of the town. The new Cargills Bank branch was declared open by Chief Guest, Cargills Bank Ltd Joint Deputy Chairman Rajendra Theagarajah and Guest of Honor Cargills Foods Company (Pvt.) Ltd Retail Deputy General Manager

People’s Leasing initiates innovative leasing partnership with Toyota Lanka

Sri Lanka’s leading non-bank finance company People’s Leasing and Finance PLC (PLC) tied up with Toyota Lanka for promoting Toyota Vehicles.

Sarvodaya Finance partners Mobitel to offer next-gen mobile financial services

Sarvodaya Development Finance Limited, the pioneer in micro-finance in Sri Lanka, recently entered into a technology partnership with the national mobile service provider, Mobitel.

Changing global macro environment huge challenge to Asian ports: SLPA Chairman

“We need to understand that the demand for the carriage of goods is a derived demand and it is derived out of demand for trade.  Ports and shipping have to follow trade,” said Dr.Parakrama Dissanayake – Chairman of Sri Lanka Ports Authority (SLPA).  

Shippers’ Academy workshop on new Inland Revenue Act on Friday

Sri Lanka’s Finance Minister presented the new income tax bill to parliament in September 2017. Accordingly, the corporate and income tax laws will come into effect from 1st April 2018.

Shipping container fleet market to reach US$14.4 bn

Transparency Market Research (TMR), a market intelligence company, has found that the Compound Annual Growth Rate (CAGR) will be 5.70 percent during the period from 2017 to 2025.

CASA stresses importance of staying competitive in face of digitalization

Sri Lanka is driving towards establishing itself as a regional Maritime and Logistics hub. 

Qatar Airways Launches Special Companion ‘Two Seats, One Great Offer’ Campaign

Qatar Airways invites passengers to take advantage of its latest “two seats, one great offer” sales campaign, providing First and Business Class passengers a special discount when booking two seats 

A single leadership style does not fit every situation, but change with care

Choosing the right leadership style for each situation can be difficult. For example, you need to get the balance correct between putting too much or too little emphasis on achieving objectives and/or the needs of individuals in a given situation and challenging or supporting an individual too much or too little! 

Leo Burnett Sri Lanka ranked in Campaign Brief Asia’s Top 50 Agencies

Leo Burnett Sri Lanka has been ranked as one of Asia’s Top 50 Agencies by Campaign Brief Asia, Asia’s most influential creative advertising trade magazine. Leo Burnett Sri Lanka is the only agency from the ‘Rest of South Asia’ geographical category to be included in this list.

Most profitable Asia cigarette maker faces cheap cigar flood

British American Tobacco PLC’s unit in Sri Lanka says it’s poised to lose its dominant position in the market to leaf-rolled cigars made by small local rivals.

From nursery to university: Emerging market investors buy into education

Two decades after Yusuf Karodia launched Mancosa, a distance learning school to teach South Africans business skills, he sold up to the UK private equity firm Actis.

Debt repayments – Biggest nightmare for Sri Lanka

When the ambitious Belt and Road Initiative – with projects reportedly worth US $ 1 trillion – was first announced by President Xi Jinping in the autumn of 2013, many were sceptical of this Chinese move aimed at building up economic connectivity of 65 nations (China plus 64) along its ancient silk road and maritime routes. 

Telecom infrastructure firm Edotco receives top award

Leading integrated telecommunications infrastructure services provider Edotco Group said that it was presented the ‘2017 Asia Pacific Telecoms Tower Company of the Year Award’ by Frost and Sullivan. This marks the first time a company has been recognised in this category on the Asia Pacific level, and comes on the back of Edotco’s win of the ‘2016 Southeast Asia Telecoms Tower Company of the Year Award’ last year.

Chinese State media report bloated battery in Apple’s iPhone 8

REUTERS: A fresh case of Apple Inc’s new iPhone popping open due to a swollen battery has been reported in State media in China, the world’s biggest smartphone market where the U.S. firm is seeking to revive faltering sales.

Huawei launches Y7 for new generation in Sri lanka

Huawei launched the Huawei Y7 - the newest addition of next generation smartphones - into the beloved Huawei Y series.

Google to use balloons to provide Puerto Rico cell service

REUTERS: The U.S. Federal Communications Commission said late it had approved Alphabet Inc’s application to provide emergency cellular service to Puerto Rico through balloons.

Micro Cars implements Finac in six weeks

Micro Cars Limited is the largest automobile assembler/manufacturer in Sri Lanka assembling a full range of vehicles from compact cars to Luxury SUVs.