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More French Firms to Invest In Sri Lanka, Says Sri Lanka’s Ambassador to France

Speaking exclusive to Ada Derana first at 9, Sri Lanka’s Ambassador to France B.K. Athauda noted that revival of the tourism sector in the aftermath of the Easter Sunday attacks is not a responsibility that should merely lie with Sri Lanka bureaucrats. Ambassador Athauda notes that, the whole country including diplomats have a major role…

(0) Comments | June 14, 2019 2:47 pm

Featured

HNB Finance enables utility & other bill payments for customers via mCash Billing Platform

Sri Lanka’s National Mobile Service Provider, Mobitel, has joined hands with HNB Finance to enable the finance company’s customers to benefit from its mCash Biller sharing solution. As a result of this strategic partnership, HNB Finance will facilitate customers to make Mobile Reload, DATA Reload, Utility Bill Payments, Insurance Payments through HNB Finance Field Staff…

(0) Comments | June 14, 2019 4:17 pm

Samsung guarantees accessibility for all

Truly accessible design is for everyone, fit for purpose by users of all abilities. Our needs and priorities are highly personal, changing throughout our lives – accessibility reflects these individual nuances, ensuring convenience for as many as possible.   Samsung Electronics creates technology that is accessible and easy-to-use for customers, regardless of their age, race,…

(0) Comments | June 14, 2019 1:40 pm

The Veranda Offices starts weaving creative magic in Colombo 02

Sri Lanka’s stunning The Veranda Offices, an innovative Colombo 2 mixed use office space that stands out with its eye-catching gridded façade based on local weaving patterns, is currently nearing completion. This one-of-a-kind project is spearheaded by Moot Manor Ltd (M2M), with office space currently on display to prospective tenants. Visit www.m2m.lk or email mootmanor@gmail.com…

(0) Comments | June 14, 2019 12:28 pm

Dankotuwa most loved houseware brand in Sri Lanka

Ranked amongst most loved brands in Sri Lanka compiled by Brand Finance and published by LMD Dankotuwa Porcelain PLC, renowned for its luxurious and elegant porcelain tableware was adjudged as the most loved houseware brand this year by Brand Finance. Globally recognized for its luxurious and elegant porcelain tableware – one with remarkable whiteness that…

(0) Comments | June 14, 2019 11:17 am

Harith Jayasuriya discusses plans for the 75th Bradby Shield Encounter

Taking time off his busy schedule, Mr. Harith Jayasuriya, the Chairman of the Royal College Rugby Match Organizing Committee was more than happy to share with us a number of aspects that have led up to the diamond anniversary of one of the most celebrated and well-known Rugby encounters in the country. The first query…

(0) Comments | June 13, 2019 9:43 pm

What if Darwin wore VR glasses?

Today most people think of gaming, virtual reality glasses and video when asked about virtual reality. The concepts of virtual reality in these areas have been around for some years, but what if we look beyond the media space. Do you realize that the egg you’re eating will be created through virtual reality? Or quality…

(0) Comments | June 13, 2019 9:34 pm

Hemas Hospital Wattala helps open new day care centre at Colombo North Teaching Hospital

Premier healthcare provider Hemas Hospital Wattala, as part of its enduring policy of aiding and empowering its many stakeholders, recently facilitated the opening of a preschool and day care centre at the Colombo North Teaching Hospital (CNTH) in Ragama. The new preschool and day care centre is exclusively available to children of the hospital’s medical…

(0) Comments | June 13, 2019 9:29 pm

Takas.lk, Busbookings.lk and Saaraketha attend the Global Entrepreneurship Summit at Hague, Netherlands

Takas.lk, Busbookings.lk and Saaraketha were among the Sri Lankan companies selected to attend the Global Entrepreneurship Summit (GES) representing the groundbreaking work that they are doing in technology and organic farming. 1,200 investors and entrepreneurs from across the world attended the summit that took place from June 3rd to the 6th at The Hague, Netherlands….

(0) Comments | June 13, 2019 4:09 pm

Nawaloka Hospitals conducts a ‘Bathi Gee’ for Poson Poya day

Nawaloka Hospitals PLC, will be conducting a ‘Poson Bathi Gee’ evening at the hospital premises on the 16th of June, 2019 at 7 pm. The Bathi Gee program is organized in collaboration with both the OSCA and Cinestar Foundations, prominent institutions that continues to empower the Sri Lankan music and cinema industry, to foster an…

(0) Comments | June 13, 2019 2:40 pm

Wijaya Products affirms ownership within the Kothalawala family

Wijaya Products is a household name in Sri Lanka for its range of spices and condiments along with a variety of other food products. The story of the company begins over three decades ago. Waylin Wijayaratne Kothalawala was a well-known gentleman in Dodangoda, Kaluthara, who was also a much respected Principal as well as the…

(0) Comments | June 13, 2019 2:24 pm

Top News

Sri Lanka pioneers bamboo crafts training with UNIDO

After the successful and pioneering training for Sri Lanka’s bamboo craftsmen in early 2019, the second phase of the program will take-off in Colombo on Saturday 15 June. The project, pioneered in early 2019 by UNIDO, introduces international bamboo craft expertise for local craftsmen for the first time. Launched by the United Nations industrial Development…

(0) Comments | June 14, 2019 1:07 pm

First Capital Upgrades Exchange Rate Outlook for 2019E to LKR 180 from 194

Sri Lanka’s First Capital Research has upgraded their exchange rate outlook for 2019E to US $1: Rs.180 from RS.194 as their 65% base case scenario. The firm has also introduced a 12-month target for June 2020E of US $ 1: Rs.185 as a 60% base case scenario. “In spite of the recent rate cut, the…

(0) Comments | June 14, 2019 10:57 am

Sri Lanka stocks end at near 6-week high; rupee falls

Reuters – Sri Lankan shares rose for the fifth straight session on Thursday to end at a near six-week high on local buying, even as foreign investors continued exiting the island nation’s risky assets, while the rupee edged lower on importers’ dollar demand. ** The benchmark stock index ended 0.16% firmer at 5,387.36, its highest…

(0) Comments | June 14, 2019 10:42 am

Central Bank of Sri Lanka Receives Presidential Award for Digital Excellence

The Central Bank of Sri Lanka was awarded with the Presidential Award for Digital Excellence at the launch of the National Digital Roadmap by His Excellency the President Maithripala Sirisena, held in Nelum Pokuna Theatre on 11th June 2019. This was presented to the Central Bank of Sri Lanka in recognition of great service rendered…

(0) Comments | June 13, 2019 4:04 pm

Panasian Power plans private placement with Emerald Fund to accelerate expansion and further diversification

Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, announced the private placement to institutional investor Emerald Fund (subject to Colombo Stock Exchange and shareholder approval) – one of the largest private equity funds dedicated to Sri Lanka. At Rs. 3.20 per share the Emerald Fund will invest Rs. 400 million…

(0) Comments | June 13, 2019 2:17 pm

Night Clubs and Casinos Can Attract More Young Indian Tourists to Sri Lanka : John Amaratunga

Addressing an event in Colombo yesterday (12) Minister of Tourism Development, Wildlife and Christian Religious Affairs John Amaratunga noted that, Sri Lanka needs more entertainment activities in order to attract tourist to Sri Lanka. Minister Amaratunga also offered his support to hoteliers to recommence nightclub and casinos, emphasizing that it is one way to attract…

(0) Comments | June 13, 2019 12:59 pm

Sri Lanka Unveils Special Promotional Campaign to Woo Tourists from India

Sri Lanka Tourism and the National Carrier Sri Lankan Airlines unveiled an attractive, four- month promotional campaign to stimulate tourists from Sri Lanka’s largest source market, India. Sri Lanka Tourism, in collaboration with Sri Lanka Association of Inbound Tour Operators (SLAITO), The Hotels Association of Sri Lanka (THASL), and SriLankan Airlines, will offer a total…

(0) Comments | June 13, 2019 12:43 pm

Sri Lanka stocks end at over 5-week high on local buying; rupee slips

Reuters – Sri Lankan shares rose for the fourth straight session on Wednesday to hit a more than five-week closing high on local buying, offsetting continued foreign selling in equities, while the rupee ended slightly weaker on dollar demand from importers. ** The benchmark stock index ended 0.81% firmer at 5,378.73, its highest close since…

(0) Comments | June 13, 2019 10:37 am
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Analysis

Economic Outlook Hangs In the Balance as Concern over the Country Situation Mounts: Survey

According to the latest monthly LMD-Nielsen Business Confidence index (BCI) survey more than two-thirds of respondents consulted by Nielsen, for LMD’s publisher Media Services, anticipates that the economy will worsen over the next 12 months. This sentiment is driven by slow or no investment and in the light of the impact of the mayhem since…

(0) Comments | June 12, 2019 11:35 am

Biz confidence slumps again in April – and is set to worsen post-Easter Sunday

Business Sentiment – Index Falls To a Decade-Plus Low The sad truth is that Sri Lanka Inc. will suffer as much as the people, following the deadly Easter Sunday explosions in the commercial capital and elsewhere that rocked a nation basking in the glory of nearly 10 years of peace on the ground – and…

(0) Comments | May 7, 2019 11:27 am

Lakshman Silva, CEO of DFCC Bank on the Bank’s latest Rights Issue

Why do you think it is necessary to go for a Rights Issue at this time? The main objective of this Issue is to increase the Tier 1 Capital of the Bank in order to accommodate and support the Bank’s future business expansion and continue our well established franchise of being the premier provider of…

(0) Comments | April 8, 2019 12:01 pm
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