South Asia Textiles strategizes with MTI
Embarks on a journey to develop a long term strategic plan to gain sustainable competitive advantage South Asia Textiles Limited, a leading Sri Lankan textile manufacturer specialized in producing...
View ArticleSouth Asian Stock Exchanges to meet in Colombo
The Colombo Stock Exchange (CSE) will host the Executive Committee Board Meeting for the current term of the South Asian Federation of Exchanges (SAFE) on the 27th of February 2017. Chief Executives of...
View ArticleBank of Ceylon, Mastercard Team Up to Enable Faster Payment Innovation
Bank of Ceylon (BoC) announced that it will be strengthening its longstanding partnership with Mastercard, enabling it to tap into Mastercard’s global technology and expertise to bring payment...
View ArticleEmirates SkyCargo paints a rosy picture ahead of Valentine’s Day
Emirates SkyCargo, the freight division of Emirates airline, has unveiled a unique decal featuring a rose on one of its Boeing 777-F freighter aircraft ahead of Valentine’s day. The decal, installed at...
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Honda introduces 2017 City at Rs 8.49 lakh
Honda has just launched the 2017 facelift of the Honda City at Rs 8.49 lakh (ex-showroom, Delhi). This iteration has exterior updates, more features and while the E and VX (O) variants have been axed,...
View ArticleHow new visa changes can influence Sri Lanka’s Real Estate Market
Five years ago, Sri Lanka’s government imposed stricter rules on visa requirements. This happened as part of an on-going process to improve administrative procedures following the end of the war in...
View ArticleUpper Limit for 15% special interest to senior citizens’ deposits increased...
The upper limit to pay 15% special interest on fixed deposits maintained by senior citizens in the licensed commercial banks and the licensed Specialized Banks has been increased up to Rs.1.5 million...
View ArticleAnantara Peace Haven Tangalle Resort honoured with multiple TripAdvisor...
Anantara Peace Haven Tangalle Resort is celebrating a haul of TripAdvisor® Travellers’ Choice™ awards after being recognised in four different categories. The resort, placed by Tripadvisor in the top...
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Sri Lanka DoC’s pioneering ‘Export to Sweden’ a hit
The Department of Commerce’ pioneering session on Exporting to Sweden opened to a packed Lankan private sector audience in Colombo on 15 February. “When EU GSP plus facility will come into force...
View ArticleRecord Price for Uva High Grown OP
Oodoowerre Estate Demodara, continues a record breaking trend and has set a new record for Uva High Grown OP for the second time in four months. At the auction of 15th February an Invoice of Oodoowerre...
View ArticleHNB becomes the first local bank to launch POS acceptance of UnionPay cards...
Introducing another pioneering initiative to the Sri Lankan banking industry, HNB announced a new partnership with UnionPay International, to accept card payments from one of the largest payment...
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Western High Grown BOP Record Broken after seven years
Great Western Estate, Talawakelle achieved a record price of Rs. 1,650 per kg for a Western High Grown BOP smashing a price of Rs. 1,310 per kg set back in the 2010 season. Teas were purchased by...
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SL Purchasing Managers’ Index (PMI) Survey – January 2017
The Manufacturing Sector PMI recorded an index value of 56.2 in January which is a decrease of 2.1 index points compared to December 2016. The deceleration in PMI indicate that the manufacturing...
View ArticleSri Lankan shares hit 4-wk closing high; large caps lead
Reuters – Sri Lankan shares hit a four-week closing high on Wednesday, rising for a third straight session, as investors picked up large cap shares such as Ceylon Tobacco Company Plc, brokers said. The...
View ArticlePiramal Glass Ceylon declares its Q3 Financials with YTD Turnover crossing...
For the nine months ended 31st Dec,2016 the overall turnover crossed Rs.5 Bn mark. The total Turnover showed a growth of 6% from Rs 4,817 Mn to Rs 5,108 Mn. This was contributed by 7% growth in...
View ArticleVibrant transition of INSEE Ecocycle boosts Sri Lanka’s industrial sector
The nation’s most renowned manufacturer of cement, construction aggregates and solutions, INSEE Cement, (earlier known as Holcim) and the only local manufacturer in Sri Lanka to introduce eco-friendly...
View ArticleNo frequencies to Rama, says Harin: Google to leave Sri Lanka due to TRC...
By now Sri Lanka faces the risk of losing the Google Loon Project, said Telecommunications & Digital Infrastructure Minister Harin Fernando at a media briefing today (16 February) to clarify...
View ArticleSriLankan Airlines named Best Airline in South Asia
SriLankan Airlines added yet another accolade when China’s Top Travel magazine named it the Best Airline in South Asia at the 10th Annual Top Travel Awards, recognizing SriLankan’s continuous efforts...
View ArticleUAE-based Oxford Elevators launches operations in Sri Lanka
With the significant growth in real estate and commercial infrastructure and the increasing need for alternative cost-saving economical maintenance options, Oxford Elevators Company (OEC) recently...
View ArticleKIA scrums down with Royal Rugby for 6th consecutive year
Begins third year of Rs 27 million sponsorship of College Rugby Development Programme The rugby development programme of Royal College will continue to be supported in 2017 by top Korean automobile...
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