The Central Bank of Sri Lanka is planning to carry out an independent survey among the business community to obtain an overall understanding of the sentiments of business executives in Sri Lanka. This survey is similar to the survey which produces the primary data source for compilation of the Global Competitiveness Index (GCI) and several other indices which extract information
The total number of internet connections in Sri Lanka has seen a sharp growth of 47% in the year 2013 increasing internet penetration (connections per 100 persons) to 9.8 percent, the Central Bank of Sri Lanka said in its 2013 Annual Report. Accordingly, the growth has been largely supported by the accelerated growth in mobile internet connections, followed by the fixed internet connections.
President Mahinda Rajapaksa ceremonially opened the Manmunai Bridge in Batticaloa yesterday together with representatives from the Embassy of Japan and Japan International Cooperation Agency (JICA). The bridge, which is the first east-west land connection across the Batticaloa lagoon, has been constructed with Rs. 2 billion grant from JICA. The 210m long bridge enables land access to markets and services in the east side of the lagoon where
A Specialized Marketing Mission on Construction and Related Services from Malaysia will visit Sri Lanka soon. The mission organized by Malaysia’s External Trade Development Corporation (MATRADE) and facilitated by the Sri Lanka-Malaysia Business Council of The Ceylon Chamber of Commerce arrives in Sri Lanka to explore business opportunities in the country.
New York based global investment banking firm Jefferies last week announced that it is entering into a cooperation agreement with JB Securities (Pvt) Limited to distribute JB Securities equity research on companies in Sri Lanka on a co-branded basis to Jefferies’ global institutional client base.
Bourse rallied ahead during the short trading week as the ASPI crossed the 6,100 mark supported by robust investor activity as it settled at 6,180.76. Colombo bourse closed the trading on Thursday on an upbeat note, recoding gains for the third consecutive trading session. ASI index gained 61.91 index points or +1.01% to close at 6,180.76, simultaneously 20 scrip S&P SL index gained 26.54 index points or 0.79%
Loyal tea drinkers will be able to entertain their tea-loving friends at the push of a button with the New Zealand launch of Dilmah tea capsules.Available in popular Earl Grey and English Breakfast the new tea capsules are compatible with Nespresso machines and allow for an alternative, and quicker, tea making experience to traditional tea bags.
The Mega Wasi Season 2 Grand Prize – a Kyron Jeep went to a customer at Bank of Ceylon Akkaraipattu branch. The Draw took place at the Bank of Ceylon Head Office premises on April 9 under the patronage of the BOC chairman Air Chief Marshal Harsha Abeywickrama, Directors of Bank of Ceylon, the General Manager D.M. Gunasekara and the senior management of
Bank of Ceylon performed Avurudu Ganu-Denu with President Mahinda Rajapaksa on April 15 at Tangalle branch. BOC Director Chandrasiri de Silva, BOC Director Ms. Nalini Abeywardene, BOC General Manager D. M Gunasekara, BOC AGM Southern Province D.K.N. Piyasoma and BOC Tangalle Branch Manager G.A Gnanawickrama participated along with the BOC Tangalle branch employees and customers.
The Commercial Bank of Ceylon has entered into an agreement with the European Investment Bank (EIB) to finance Small and Medium Enterprises (SMEs), Energy Efficiency (EE) and Renewable Energy (RE) projects under the EIB SME Green Energy Credit Line extended to the Government of Sri Lanka.
Hatton National Bank (HNB) recently held the grand draw of the ‘Rata Kasi Wasi’ promotion, presenting winners with 25 brand new 40-inch color LCD TVs and other valuable gifts.
This draw was open exclusively for Cash Payout beneficiaries of foreign inward remittances of the six-month promotion period between August 1, 2013 and January 31, 2014.
UTE achieved a significant milestone recently by securing an order for four 390D L Cat Hydraulic Excavators, which will be used to strengthen the ongoing Hambantota and Colombo South Harbor projects. The machines were handed over on April 10th at a ceremony attended by officials of UTE, Caterpillar and China Harbour Engineering - the main contractor for these projects.
Cyclists and supporters have been invited to join the final phase of the ‘Around the Pearl’ bicycle ride from Chilaw to Colombo, which will take place today Sunday, April 20, 2014. The team will be leaving Chilaw at 5:00am and will aim to reach Independence Square in Colombo by 10:00am; thereafter they will proceed to the 80 Club. The team has been cycling for ten days, around the perimeter
Celebrate Easter with Family and Friends with a special Jazz celebration to set the mood just right.
Dulani of MLH states: “After all the heavy celebrating during this April season, Easter Sunday at MLH is a perfect gateway to relax your mind, body and soul.”
Samsung Electronics recently launched its first Customer Service Center (CSC) for IT products in collaboration with Technocity (Pvt) Ltd. The IT CSC which is located at No.2A, De Fonseka Road, Colombo 04 houses highly skilled technicians who are dedicated to carrying out repairs on Samsung Note PCs, printers and monitors which are under the Samsung brand warranty.
The Ceylon Chamber of Commerce in collaboration with the Department of Police will hold a seminar under the title of “Minimizing the Risks to Your Business by Deciding on Proper Security Measures”.
The move by the Chamber and the Police comes following the spate of crimes which took place in the recent times targeting business firms such as Banks and
Abans, the sole agent in Sri Lanka for LG Smart Phones, launched the innovative new LG G Flex Curved Smartphone which is the first device in the smartphone market that is curved to follow the contour of the face.
“The LG G Flex, the latest device in LG’s premium G series, is set to create a new milestone in smartphone
The smell of burning rubber, the sound of high revving engines, and savoring the high fashion and glamour at the Paddock Club, as Sri Lanka’s largest mobile services provider Dialog Axiata PLC gave 3 of its International Roaming customers a once in a lifetime offer to enjoy an all-expense paid trip for two to watch F1 action (Formula 1) live at the
SriLankan Airlines, the national carrier of Sri Lanka, now facilitates Umrah pilgrims to Jeddah, with its latest route via Mattala. For the first time in history, SriLankan passengers will now have the opportunity to start their journey from the country’s second international airport, Mattala Rajapaksa International Airport (MRIA). Accordingly, the first batch consisting 30 Umrah pilgrims, departed from Mattala Rajapaksa Internationa
Despite rubber being one of our key productive assets, there is growing concern of the continual price declines experienced since 2012. Although enjoying a boom for nearly a decade, Sri Lanka’s rubber prices have seen considerable declines in recent times.Colombo Rubber Traders’ Association (CRTA) Chairman, M.S. Rahim said,