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SriLankan Airline’s record-breaking upliftment to the Maldives

SriLankan Airlines carried a record-breaking 1.2 million kilogrammes of cargo from its network to Malé, Maldives, in February 2021. The Maldives is one of the few open, and highly popular, island destinations in the world for travellers. Since the pandemic, perishable goods have been in high demand. Its island neighbour Sri Lanka supplied a large…

(0) Comments | March 2, 2021 11:48 am

Featured

hSenid Biz, premiere HRIS Solutions Provider wins 3 Resilient Exporter Awards at Annual National Export Awards 2020

The 28th Annual Export Awards 2020 of the National Chamber of Exporters of Sri Lanka was held on 25th February at Shangri-La Hotel, Colombo. The annual NCE Export Awards, organised by the National Chamber of Exporters of Sri Lanka (NCE), the only chamber exclusively serving the exporter community, acknowledges the nation’s outstanding export industry players…

(0) Comments | March 2, 2021 9:13 am

More space and privacy for Emirates Economy Class customers with new option to purchase empty adjoining seats

Airline also introduces generous discounts on excess baggage rates to support demand from customers flying on essential trips Emirates’ Economy Class customers can now enjoy even more personal space and privacy onboard with the ability to purchase up to three empty adjoining seats on their flight. These seats will be offered to all Economy Class…

(0) Comments | March 1, 2021 5:06 pm

ACL Cables PLC achieves another milestone with the launch of ACL online sales channel – “ACL shop online”

Creating another revolution in the cable industry, ACL Cables PLC, Sri Lanka’s no.1 cable manufacturer, launched its own e-commerce platform designed to help customers personalize their buying experience. The “ACL shop online” e-commerce platform can be accessed through the ACL corporate website www.acl.lk or through the direct link www.acl.lk/shoponline. This paves way for the company…

(0) Comments | March 1, 2021 4:44 pm

MAS ‘Ocean Strainer’ Technology to be Open Source

Success of Dehiwala floating trash trap pilot inspires call for collaboration Inspired by the success of its pilot ‘Ocean Strainer’ floating trash trap project initiated in the Dehiwala Canal last year, MAS Holdings announced recently that they would make the ‘Ocean Strainer’ technology openly available to interested parties, in order to replicate and scale up…

(0) Comments | March 1, 2021 4:41 pm

Application Deadline for SLASSCOM National Ingenuity Awards 2021 extended till March 5th

The Sri Lanka Association for Software Services Companies (SLASSCOM), the national chamber for IT/BPM industry in Sri Lanka announces that application submission date for SLASSCOM National Ingenuity Awards 2021 has been extended till 5th March 2021. The SLASSCOM National Ingenuity Awards 2021 (formerly known as SLASSCOM Innovation Awards) is held for the third consecutive year…

(0) Comments | March 1, 2021 4:34 pm

Ocean Lanka Service Awards Honours 39 Long-Serving Pioneers

Ocean Lanka, Sri Lanka’s largest weft knitted fabric manufacturer, honoured a large cohort of staff marking employment milestones at the Ocean Lanka Service Awards, where cash prizes were presented to 12 employees who have served for 25 years and 27 staff members who have served for 20 years. Addressing the staff, Managing Director of Ocean…

(0) Comments | March 1, 2021 4:30 pm

ADVANTIS Projects & Engineering opts for TATA SIGNA 4018.S Prime Movers from DIMO

DIMO, one of Sri Lanka’s leading conglomerates and the Authorized Distributor for TATA Motors Ltd   in Sri Lanka, delivered 7 Units of TATA SIGNA 4018.S Prime Movers to Advantis Projects & Engineering (Pvt.) Ltd., Sedawatte recently. TATA SIGNA 4018.S Prime Movers delivered to Advantis Projects & Engineering (Pvt.) Ltd offer higher power-to-weight ratio and higher…

(0) Comments | March 1, 2021 4:28 pm

Huawei Watch GT2 Pro and FreeBuds Pro redefine the art of living

Huawei, the global smartphone brand continues to innovate tech solutions which enhance the living standards of people. From smartphones to laptops, tablets wearables and innovative tech gadgets such as wireless ear buds to premier hardware and software, Huawei leads the way to a tech enabled future. Huawei has already racked up a strong hold in…

(0) Comments | March 1, 2021 4:25 pm

HUTCH partners Spotify, bringing the world’s most popular audio streaming service to Sri Lanka

HUTCH, Sri Lanka’s preferred choice for mobile broadband services has teamed up with Spotify, the world’s most popular audio streaming subscription service, to bring to Sri Lankan mobile subscribers a personalized listening experience. Spotify will offer in Sri Lankans a stellar listening experience for local and international music of over 70 million tracks. This Hutch-Spotify…

(0) Comments | March 1, 2021 4:23 pm

Huawei AI life scenario paves way for a more connected world

Huawei, the global smartphone brand drives change by bringing connectivity to the fore in its latest tech solutions in a pioneering concept called Huawei AI life scenario. By combining the benefits and features of multiple devices, Huawei enables users to enjoy an enhanced experience having them connected under one eco-system with smartphone as the central…

(0) Comments | March 1, 2021 4:21 pm

Top News

Pakistan to Help Boost Local Pharmaceuticals Manufacturing

First ever Bi-lateral discussion to develop local pharma manufacturing took place between Sri Lankan and Pakistani private pharmaceutical manufacturers. Discussion presided over by State Minister Channa Jayasumana and ministry officials Pakistan pledges investment and sharing of technical knowhow in pharmaceuticals manufacture. The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) facilitated a bilateral meeting on the 24th…

(0) Comments | March 2, 2021 9:05 am

VIASL seeks solutions to issues facing vehicle importers

The Vehicle Importers Association of Sri Lanka has requested a meeting with President Gotabaya Rajapakse to discuss the challenges facing the industry due to the ongoing ban on the importation of motor vehicles.  The import ban, which has been in force since March 2020, has gravely impacted vehicle importers and all related industries. Vehicle importers as…

(0) Comments | March 2, 2021 9:00 am

Thailand’s Tourism Sector Seeks to Reopen Country by 1 July

Inbound international tourism sector in Thailand says vaccines are a game changer that allow for the reopening of the country and for quarantine requirements to be dropped Leading international tourism companies in Thailand have launched a campaign to reopen the country’s borders from 1 July 2021. The #OpenThailandSafely campaign was launched 2 March with the…

(0) Comments | March 2, 2021 8:07 am

Sri Lanka’s corporates pause on how they view the outlook for business

Business Sentiment – BIZ Confidence Stabilises As far as biz sentiment goes, 2020 had its ups and downs – the LMD-Nielsen Business Confidence Index (BCI) oscillated between a high of 174 basis points at the beginning of the year, fell progressively thereafter against a backdrop of an unprecedented pandemic until August when it bounced back…

(0) Comments | March 1, 2021 12:27 pm

Panasian Power PLC Commissions Solar Project Worth 420Mn

Panasian Power PLC (PAP), a dynamic Sri Lankan renewable energy solutions organisation and a leading supplier of renewable energy to the national grid recently commissioned a 3 MW ground solar plant in Matara, worth a total investment of LKR 420 million. Panasian Power is the equity investor and led all aspects of the construction including…

(0) Comments | March 1, 2021 11:56 am

The Cycle of Human Rights

The Silk Road Journal – By Mahika Ming Xinjiang in north western China has had entertained visitors coming into Great China for more than 2500 year along the ancient silk road. It was also known as the envoy road and according to archaeological records, details about more than 1400 high level diplomats and dignitaries have…

(0) Comments | March 1, 2021 10:57 am

Pelwatte Industries forms an auxiliary Industry to Support Local Dairy Farming

Creating Jobs and uplifting several communities Pelwatte Dairy Industries, Sri Lanka’s leading local dairy producer, is on a renewed mission to produce sufficient forage for the cattle – all year along, despite the season, weather and climate which usually cause deflects to the produce and affect grazing patterns and milk production capabilities of the cattle….

(0) Comments | March 1, 2021 9:31 am

Bank of Ceylon delivers Rs. 23.5 billion PBT for 2020

Overview of the un-audited financial performance for the year 2020 PBT for the year – Rs. 23.5 billion Gross Loans – a milestone reached – Rs. 2.1 trillion with 28% growth Deposit base – Rs. 2.5 trillion with 23% growth Additional Tier one qualified Bond – raised Rs. 15 billion  The year 2020 become an…

(0) Comments | February 27, 2021 1:13 pm
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Sri Lanka’s corporates pause on how they view the outlook for business

Business Sentiment – BIZ Confidence Stabilises As far as biz sentiment goes, 2020 had its ups and downs – the LMD-Nielsen Business Confidence Index (BCI) oscillated between a high of 174 basis points at the beginning of the year, fell progressively thereafter against a backdrop of an unprecedented pandemic until August when it bounced back…

(0) Comments | March 1, 2021 12:27 pm

The Cycle of Human Rights

The Silk Road Journal – By Mahika Ming Xinjiang in north western China has had entertained visitors coming into Great China for more than 2500 year along the ancient silk road. It was also known as the envoy road and according to archaeological records, details about more than 1400 high level diplomats and dignitaries have…

(0) Comments | March 1, 2021 10:57 am

Repatriation and Conversion of Export Proceeds: Why are these measures needed?

On 18 February 2021, the Monetary Board issued Rules in respect of repatriation of export proceeds into Sri Lanka and conversion of such proceeds into Sri Lanka rupees, and also issued Operating Instructions to Licensed Banks on the same. The above Rules and Operating Instructions, which would supplement the repatriation requirement already in place, were…

(0) Comments | February 24, 2021 6:36 am
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