Wurth Lanka joins hands with A-PAD SL to provide clean drinking water in Trincomalee

Wurth Lanka (Pvt) Ltd, the subsidiary of the German motor vehicle after-market specialist, joined hands with the Asia Pacific Alliance for Disaster Management Sri Lanka (A-PAD SL) to provide clean drinking water to the people of Padavi Sri Pura village in Trincomalee by installing Reverse Osmosis (R/O) filters to ground water sources. 

PickMe’s SOS & AID features revolutionize flood relief and rescue efforts

Sri Lanka’s mobile app-based taxi hailing service PickMe has sprung into action once again with their unique in-app features - SOS and AID, supporting rescue and ongoing relief efforts for people who had been affected by Monsoon floods and landslides.

Fashion Bug marks World Environment Day with ‘Puruduwenna’

With Sri Lanka witnessing catastrophic consequences of man-made disasters each day, the need to promote awareness on our environment has never been more evident. 

Fiscal stability, FDI key for rating upgrade: Fitch

While remaining positive about Sri Lanka’s growth prospects, Fitch Ratings yesterday said continued progress in fiscal policy and increased foreign direct investment (FDI) would be crucial for Sri Lanka to move up the ratings ladder.

CAKE LABS evolves to Sysco Labs and broadens its scope

CAKE LABS, the premiere Sri Lankan restaurant technology company, which is owned by Sysco, announced the opening of a brand new office facility, along with an evolution of the company name to 

​Qatar Airways running as normal, exception of those four countries

Qatar Airways operations are running as normal with no disruptions to flights with the exception of those to the four countries Qatar Airways has been restricted to fly to.

Restyled Vitamin E Moisture Cream for 48-hour hydration: The Body Shop reveals limited time offer

The Body Shop’s best-selling Vitamin E Moisture Cream is now available in a limited edition jar designed by legendary fashion print designers Eley Kishimoto. 40 years since it was first introduced, 

Mitra Innovation client wins prestigious UK data industry award

A key client of Sri Lankan/UK-based Mitra Innovation has recently won a prestigious data industry award. 

Mobitel launches Data Gifting solution

In keeping with its growing popularity as a caring provider, Sri Lanka’s national mobile service provider, Mobitel, proudly launches a Data Gifting solution for its valued pre-paid broadband customers.

Cambio Software Engineering expands in Sri Lanka

Cambio Software Engineering Sri Lanka, the R&D software development centre for Cambio Healthcare Systems in Sweden, recently moved its operations into two, new and larger, facilities based in Colombo 3

Duo World, first Lankan company to list on OTC Markets, well-received

Duo World Inc. Founder and CEO Muhunthan Canagasooryam recently completed the introduction roadshow for Duo World’s newly listed shares on the OTC Markets, trading under the symbol DUUO. Duo World’s goal is to introduce itself to the establishments in New York’s investment community and create long-term relationships.  

SLT becomes first telco to field test Pre-5G LTE Advanced Pro Technology in South Asia

Sri Lanka’s No. 1 information communication technology (ICT) solutions provider and the licensed national backbone network operator, Sri Lanka Telecom (SLT),together with Huawei Technologies, has successfully carried out South Asia’s first comprehensive field trial of Pre-5G LTE Advanced Pro technology, laying the groundwork for the next generation of broadband technologies. 

New approach needed to fix India’s unemployment woes

Providing enough employment opportunities in India with a population of 1.34 billion is not easy. And the fact that half of the population is below the age of 25 and will soon enter the job market will only make matters worse.

Why every day should be environment day?

In the first six months of this year, Sri Lanka has experienced a number of major events that demonstrate exactly how critical managing the environment is:  drought, landslides, a garbage avalanche, flash floods — and many other events at scales that have not caught the attention of those not affected. The damage to lives and assets and the disruption to routines that make us who we are psychologically and spiritually is tough to live

RPCs pave new paths to profitability through oil palm diversification

Under the management of the Sri Lankan regional plantation companies (RPCs), the domestic plantation sector has been able to achieve important progress towards the diversification of its traditional mix of cash crops. 

Is it Loolkandura or Rothschild, first tea estate?

On the occasion of the forthcoming celebrations connected with 150 years of the tea industry in Sri Lanka and the 125th death anniversary of James Taylor, I would like to focus attention to a very important aspect.

March exports up but trade gap widens to record high

Sri Lanka, in March, managed to reverse the declining streak it saw in exports during the first two months of the year but failed to contain its overall trade deficit as the imports for the same month grew at the fastest pace in 24 months.

Sri Lanka borrows US $ 318mn from India to develop train services

Sri Lanka yesterday signed an agreement to borrow US $ 318 million from India for the development of the railways sector, a Finance Ministry statement said.  

StanChart says all set to facilitate China’s Belt and Road Initiative

Standard Chartered (StanChart) is well set to become the full financial services provider for China’s ambitious Belt and Road Initiative (BRI), which aspires to recreate the ancient Silk Road, connecting China with Asia, Africa, Europe and the Middle East with the aim of achieving mutual development. 

CSE to include non-voting shares in index market cap calculation

The Colombo Stock Exchange (CSE) yesterday announced the inclusion of non-voting shares, which are listed and traded on the exchange, in its index market capitalization (IMC) calculation. 

CB appoints new Deputy Governor

The Monetary Board, with the concurrence of the finance minister, has promoted Assistant Governor K.D. Ranasinghe to the post of Deputy Governor of the Central Bank of Sri Lanka (CBSL) with effect from April 30, 2017.

Experts highlight need for regional integration as US remains elusive

South Asia may have to retrace its steps and make fresh attempts at regional economic and security integration to fill the vacuum stemming from the isolationist policy of the US led by President Donald Trump and an increasingly interventionist China, experts opined.

Korean govt. approves US $ 200mn for Kandy tunnel

George Steuart Travel Ltd Director/Chief Executive Officer Channe Wijemanne was elected as President of the IATA Agents Association of Sri Lanka (IATA-AASL).

Central Industries appoints new National PVC distributor for Kalmunai

The newest authorized distributor of Central Industries PLC was appointed recently in Kalmunai (United Traders, 121 Ampara Road, Samanthurai) to cater to the business needs in the vicinity.  The new business centre was unveiled by Urban Development, Water Supply and Drainage Minister Rauff Hakeem at a ceremony.

Singer-Huawei celebrate five years of success

Singer Sri Lanka PLC, the country’s leading retailer and distributor of branded consumer durables and Huawei, the leading smartphones brand in Sri Lanka, recently celebrated the success of five years of partnership together.

Watawala Tea Ceylon celebrates Watawala Tea becoming No. 1 brand

Watawala Tea Ceylon Ltd, a member of the Sunshine Holdings group, celebrated its outstanding achievements for last year with a gala event recently at the Grand Ballroom of Galadari Hotel Colombo. 

Saudi Fund for Development offers credit facilities to Lankan importers

The Saudi Fund for Development is looking to provide credit facilities for Sri Lankan firms to import raw materials from Saudi Arabia.

John Keells Research opens research lab at SLINTEC Nanotechnology & Science Park

The official opening of the research laboratory of John Keells Research (JKR), the R&D and innovation arm of John Keells Holdings PLC, was held recently.  

Pathfinder Foundation signs MoU with Chinese Communist Party think tank

The China-Sri Lanka Cooperation Studies Centre of the Pathfinder Foundation (PF) inked a memorandum of understanding (MoU) with the Chinese Communist Party-affiliated China Centre for Contemporary World Studies (CCCWS), which engages in research in international issues, study on political parties, political systems in foreign countries, China’s foreign strategies, socialist theories, trends in social and political thoughts and comparative s

DFCC Bank re-launches Vardhana Sahanaya to help rebuild communities affected by recent natural disas

DFCC Bank has re-launched Vardhana Sahanaya to help people affected by the recent natural disaster rebuild their lives in the aftermath. The 'Sahanaya' Loan Scheme was launched to provide