IIP increases in May 2017
The Index of Industrial Production (IIP) has increased by 2.3 percent in May 2017 compared to the same month in 2016. Among the manufacturing industries; Volume of products of ‘Fabricated Metal...
View ArticleFinancial assistance from Kuwait Government to Sri Lanka
The Government of Kuwait has decided to extend financial assistance to Sri Lanka promoting the ties between the two countries. Accordingly, the Government of Kuwait will provide assistance to several...
View ArticleHonda recalls 1.2 million cars, citing faulty battery sensors
New York (AFP) – Honda announced Thursday a recall of 1.2 million cars sold in the United States, following four engine compartment fires linked to faulty battery sensors. The Japanese auto giant said...
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Altair’s structural engineer Predrag Eror explains high-rise design...
The complex correlation between reinforced concrete shear walls, steel frames and outriggers in modern skyscrapers was demystified by one of the world’s leading structural engineers at a professional...
View ArticleKorean Business Delegation Visits Sri Lanka
A 13 member Korean business delegation visited Sri Lanka at the invitation of the Ideal Group to explore business and investment opportunities in diverse areas . KICOX which is the Business Growth...
View ArticleSDB launches TOP SAVER savings account offering 10% interest
SDB bank recently launched TOP SAVER savings account in conjunction with its 20th anniversary celebration. Apart from offering several key benefits to the account holder, the TOP SAVER also offers a...
View ArticleAnother 20 EPF officials come under scrutiny over Central Bank bonds issue
Investigations have been initiated against 20 more officials who had been serving under the Employees Provident Fund (EPF) during the time of the controversial bonds issue affair, say internal sources...
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Kandy receives a boost in quality medical laboratory service
~ Lanka Hospital Diagnostics launches state-of-the-art medical laboratory with supreme quality With astounding success and highest quality of their medical laboratory services in Colombo and suburbs,...
View ArticleCIMA Sports Day 2017 for 21st year
CIMA Sports Day 2017, a two-day sports extravaganza organized by the CIMA Students’ Society (CIMASS), was held for its 21st year on 2 and 9 July. Sports Day is one of the most festive events in the...
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Barra-licious: Galle Face Hotel executes signature seafood dishes with Round...
The Galle Face Hotel’s seafood restaurant ‘Sea Spray’ is debuting a delicious new menu that features Round Island’s premium quality barramundi as a signature dish. This sustainable and commercially...
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Blue Star signs up with Comfort Solutions for distribution of its Unitary...
Blue Star Limited, India’s leading air conditioning and refrigeration company has announced its partnership with Comfort Solutions as the official distributor in Sri Lanka for its Unitary Products...
View Article‘Midnight Badaginnata’ Night Kade by Waters Edge
How many times have you woken up in the middle of the night, fumbled your way in the darkness to the refrigerator, only to find nothing tempting enough to eat? Even if you were to drive out to grab a...
View ArticleLandmark Developers to create niche in lucrative property market
Colombo is a thriving city. A modern metropolis that is evolving in to one of the most sought after cities in Asia. The skyline of Colombo has also changed drastically with the introduction of global...
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Toyota recognizes ‘Champion Athletes’ at Annual Dealer Convention
Toyota Lanka (Private) Limited, the sole authorized distributor for Toyota vehicles in Sri Lanka, recently held its Annual Service and Spare Parts Dealer Convention 2017 at Jetwing Blue Hotel, Negombo....
View ArticleSLCMDI hosts workshop on National Procurement Guidelines and Impact on...
Members and stakeholders involved with the Sri Lanka Chamber of Medical Devices Industry gathered today for a workshop on National Procurement Guidelines and the Impact on Pharmaceuticals and the...
View ArticleFairway National Literary Awards 2017 – Final date for submitting entries...
The 25th of July 2017 will be the final date for the submission of entries for the Fairway National Literary Awards (FNLA) 2017. Running for the third consecutive year, this competition seeks to...
View ArticleIMF Completes Second Review of the Extended Arrangement Under the EFF with...
IMF Executive Board completed the second review of Sri Lanka’s Extended Fund Facility (EFF) arrangement, which enables the disbursement of about US$ 167.2 million. The new Inland Revenue Act will...
View ArticleSri Lankan shares fall on profit-taking in blue chips
Reuters – Sri Lankan shares fell on Monday, after posting their highest close in more than 18 months in the previous session, as investors booked profits in blue chips. However, foreign players bought...
View ArticleUSD 100 M from the World Bank for the Expansion of Higher Education program
The International Development Association (IDA) and the International Bank for Reconstruction and Development (IBRD) of the World Bank has shown their interest to mobilize its funds through a credit of...
View ArticleTaco Bell Enters Sri Lanka
A Taco Bell franchisee opened the restaurant’s first location in Sri Lanka, a local news report said. Irvine-based Taco Bell Corp. had said in May that it would enter the market as part of an...
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