South Asia Textiles wins Gold

South Asia Textiles has won Gold at the NCE Export Awards held at the Hilton Hotel recently.  A company driven by passion and dynamism, headed by its Managing Director/Chief Executive Officer Prithiv Dorai and a team of professionals, Director / Chief Operations Officer Kenneth Wijesuriya and Chief Financial Officer Priyantha Hapuarachi, South Asia Textiles has taken its textile mill from strength to strength.

SL gets US $ 75mn WB loan to modernize financial sector

Sri Lanka yesterday signed an agreement to modernize and improve the efficiency of its financial sector, which in turn will help small businesses and entrepreneurs compete in the markets and create better jobs.

Venora Lanka Power Panels wins National Export Award

Venora Lanka’s quest for excellence was recognized by the National Chamber of Exporters (NCE) at the 25th Export Awards held at Colombo Hilton recently. Venora Lanka clinched the Bronze category Award in the industry sector.

Lanka Harness clinches Presidential Export Awards

Lanka Harness Company (Pvt) Ltd was recognized at the Presidential Export Awards for being the exporter that has added the highest value in the category of automobiles and automobiles spare parts exporting. Lanka Harness Company (Pvt) Ltd was recognized for this achievement at the Presidential Export Awards 2016 organized by the Sri Lanka Export Development Board and this Presidential Export Awards 2016 was held at Bandaranaike Memorial Internati

Cinnamon Future of Tourism 2017 concludes on high note

Cinnamon Future of Tourism Summit 2017 was held under the theme ‘Technology, Innovation and Authenticity’ in Colombo on September 26 in Colombo.

Bamboo for sustainable development

Bamboo is a well-established cultural feature of many regions throughout the world. Its diversity and versatility are well-documented – some 1250 species and 1500 traditional applications have been identified. Notably, the main users are the rural poor and perhaps for this reason, it has largely been taken for granted by the wider community. As such, bamboo has not received the mainstream recognition it deserves as a material resource.

DFCC Bank’s Vardhana Sahaya Hamuwa For MSMEs

DFCC Bank has initiated a special series of workshops named Vardhana Sahaya Hamuwa to nurture the growth of the Micro, Small and Medium Enterprises (MSMEs) in Sri Lanka. The primary focus

Oman Air ferries Umrah passengers to Madinah in partnership with The Traveller Global Pvt Ltd

Oman Air recently facilitated a group of 78 pilgrims from Sri Lanka to fly to Madinah for Ummrah in the New Islamic Year. This was the first Ummrah pilgrim group to arrive in the Kingdom of Saudi Arabia 

‘Gives Back Life’ to over 35,000 bottles collected during National Coastal and Marine Resources Cons

The National Coastal and Marine Resources Conservation Week was recently commemorated and the opening ceremony was launched at Crow Island Beach Park, Matakkulliya. It was the launch

GRI selects IFS Applications to drive operational excellence

IFS, the global enterprise applications company, announced that Sri Lankan specialist tire manufacturer,Global Rubber Industries (Pvt) Ltd (GRI),has chosen to implement IFS Applications as its central enterprise resource planning (ERP) system.

Fortinet hosts 361° Security Forum in Vienna

Fortinet, the global leader in high-performance cyber security solutions, hosted its annual 361° Security Conference in Vienna, Austria recently. 

Colombo AI Meetup deciphers fact from fiction

The Colombo Artificial Intelligence (AI) Meetup, organised by the Sri Lanka Association for Artificial Intelligence (SLAAI) and hosted at Virtusa, is a quarterly forum where industry professionals discuss the latest findings in AI, related technologies andnetwork. 

Microsoft holds second Southeast Asia New Markets Partner Summit in Bangkok

Microsoft held its second annual Southeast Asia New Markets Partner Summit in Bangkok, Thailand earlier this month, bringing together 138 attendees from nine markets, Bangladesh, Bhutan, Brunei, Cambodia, Laos, Maldives, Myanmar, Nepal and Sri Lanka, as well as partner leaders from Malaysia, Singapore and Thailand.

Seedstars coming back to Colombo

Seedstars World, the global seed-stage startup competition for emerging markets and fast-growing startup scenes is coming back to Sri Lanka. 

Botanicoir steers Sri Lanka’s coconut substrate industry through innovation

Taking significant strides in promoting value added Sri Lankan export products, Botanicoir, a premier Sri Lankan coco-peat manufacturer and supplier of high-quality and innovative coir products to the UK and global market.

Eastern Brokers Limited sets all time record for Kirklees Estate

At the Colombo Tea Auction held on 20th September, Kirklees Estate achieved yet another all time record Price of Rs.730 per kg for a Dust No.1 Grade in the Uda Pussellawa category.

Sadaharitha Plantations’ thriving export business relocates to Maharagama

Sadaharitha Plantations re-located its thriving export business, Sadaharitha Agri Farms and Exporters (Pvt.) Ltd (SAFE) to a more convenient location in Maharagama recently, demonstrating that diversifying has strengthened the business and brings much needed foreign exchange into the country.

Plantation Industries Ministry to launch US$100 million loan scheme

Addressing the 27th AGM of the Sri Lanka Tea Factory Owners Association (SLTFOA), the Plantation Industries Minister Navin Dissanayake announced that the ministry is expecting to launch the loan scheme worth of US$100 million from Japan including Japanese government in December or early January next year.

Emirates SkyCargo helps Sri Lankan seafood exports to Europe

Sri Lanka’s edible fish exporters are experiencing a boom following the resumption of shipments to Europe, and Emirates SkyCargo is playing a key role in helping them capitalise on this resurgence. The freight division of the award-winning airline reports that it is currently transporting about 100 tons of edible fish a week from Colombo to markets in Europe and the USA, a noteworthy increase over export volumes that were prevailing before

Jet Airways announces thrilling holiday options with JetEscapes

Jet Airways, India’s full service, premier international airline, has unveiled a host of exciting domestic and international holidays for guests planning their winter getaway.

Qatar Airways chief sets plans to expand fleet

REUTERS: Qatar Airways Chief Executive Akbar Al Baker said the carrier plans to expand its fleet, stepping up orders for Boeing Co aircraft and accepting four Airbus aircraft that it had cancelled in July because of delays due to supplier problems.

KLM to increase Colombo-Amsterdam frequency

Due to popular demand, KLM will increase the frequency of its flights between Colombo and Amsterdam to three times a week in late October.

Measuring Sri Lanka’s sustainable tourism: Missing piece of the puzzle

Sustainable tourism represents numerous avenues for development in any destination and will be achieved only when its social and environmental benefits are realized, in addition to its economic benefits. This is applicable to any form of tourism, ranging from mass tourism to small-scale tourism. The Sri Lanka Tourism Strategic Plan 2017 – 2020 identifies the core strategies to foster sustainable tourism. 

Using PPPs for next-generation urban infrastructure

In Asia, dealing with urbanization is an especially acute challenge. Urban infrastructure systems are bursting at the seams, struggling to meet the needs of growing population.

Business needs to rise together not rise above

Following is the speech delivered by the newly-elected International Chamber of Commerce Sri Lanka (ICC Sri Lanka) Chairman Dinesh Weerakkody at the 51st annual general meeting of the chamber.

Pan Asia partners with Small World for instant cross-border money transfers

Pan Asia Banking Corporation (PABC) has partnered with the leading money transfer service provider Small World Financial Services to enable instant cross-border money transfers to bank accounts in Sri Lanka. 

NTB COO speaks about digital future of banking

In embracing digital banking, Nations Trust Bank PLC (NTB) strongly believes that change is needed within the organisation and the financial services sector as a whole for it to survive and thrive in the future.

Seylan Cards ‘Travel the Island’ offers exclusive privileges

Reiterating its value as the card for travel and leisure, Seylan Cards ‘Travel the island’ is now offering big savings, convenient payment plans and exclusive privileges for its cardholders to explore Sri Lanka’s most exotic destinations. 

PCIASL-VISA Risk Symposium 2017

PCIASL-VISA Risk Symposium 2017, organised by the Payment Card Industry Association of  Sri Lanka (PCIASL) and Visa International, was held at Union Ballroom, Hilton Colombo Residences recently.

Gifts galore with new NDB children’s savings account

NDB’s new children’s savings account provides great incentives for children to accumulate savings by rewarding them at progressive milestones with exciting gifts. While this contributes to building a savings habit amongst the children, it also provides the parents a great tool to help build a children’s savings fund for their children that would be available when their child is 18 years old.