Lead Story

Thilanka Abeywardena becomes SLIM’s first-ever female President

SLIM Elects New President and EXCO at 51st Annual General Meeting The Sri Lanka Institute of Marketing (SLIM) held its 51st Annual General Meeting, which saw the induction of its new President Thilanka Abeywardena, who will spearhead the Institute as its 43rd President. This appointment is a milestone in the history of the Institute as…

(0) Comments | April 9, 2021 5:52 pm

Featured

AkzoNobel harnesses AI technology to introduce Dulux Preview Service

AkzoNobel’s Dulux has harnessed the transformative power of machine learning technology and AI to introduce for the first time in Sri Lanka, a new concept that allows customers to accurately visualise their dream space ahead of their next paint job. A first in the industry, the Dulux Preview Service is accessible from a desktop or…

(0) Comments | April 9, 2021 1:19 pm

LAUGFS Super for Avurudu

Celebrating Avurudu season, LAUGFS Supermarkets has introduced an assortment of offerings including Avurudu Deals, Gifts and Food which will undoubtedly be enjoyed by the entire family   and help customers relish the festive season in style. As part of this special seasonal offering customers will receive a host of product offers with discounts of up to…

(0) Comments | April 9, 2021 12:57 pm

Sri Lanka’s heritage personal care brand Rani Sandalwood rewards winners with Rani Sandun Wasana Warama

The Swadeshi Industrial Works PLC recently announced the Gold necklace winners of Rani Sadun Wasana Warama promotion which was launched with the aim of rewarding loyal Rani Sandalwood consumers. The six winners: U. Mariyan Fernando from Marawila, W. D Samarakoon from Anuradhapura, Nadeesha Deepthi Jayathilake from Melsiripura, H.H Pushpa Malani from Medirigiriya, Rashmini Madushali from…

(0) Comments | April 9, 2021 12:17 pm

HMD Global introduces six new Nokia phones across three distinct lines and continues its move into the mobile services sector

X-series: Nokia X20 and Nokia X10 – refined quality and experiences that you will love, with extra durability G-series: Nokia G20 and Nokia G10 – innovative features in a reassuringly secure package, supported by longest battery life yet C-series: Nokia C10 and Nokia C20 – smartphone essentials you’ll want to keep for many years thanks…

(0) Comments | April 9, 2021 12:14 pm

DFCC Bank Cardholders enjoy 60% savings and so much more this Avurudu season

With the holiday period fast approaching, DFCC Bank has made a commitment to offer credit cardholders up to 60% in savings across 300 island-wide partner outlets. From shopping to electronics and e-commerce online platforms, the bank for everyone has left no stone unturned, allowing for their loyal customers to rejoice in shopping sprees with their…

(0) Comments | April 9, 2021 11:20 am

AIA are champions at the Inter Insurance Company Quiz Competition

AIA Insurance Lanka Limited are the proud winners of the Championship Challenge Trophy at the Inter Insurance Company Quiz Competition – 2021 organized by the Sri Lanka Insurance Institute. Team AIA competed against 19 strong teams from the insurance industry in five grueling rounds that put teams to the test. But at the end of…

(0) Comments | April 9, 2021 10:58 am

Eliminate Hidden Hunger With Promalt Nutritional Drink Mix

Asian Chemicals and Foods (Pvt) Ltd is proud to announce the launch of the Promalt range of Nutritional Drink Mix(Nutraceuticals), which is a nutritionally balanced dietary supplement with more than 30 essential nutrients and Whey Protein, Nutraceutical health drinks are classed as food supplements containing specific nutrients such as vitamins, minerals, amino-acids and macro nutrients…

(0) Comments | April 9, 2021 9:55 am

Fairfirst Insurance & PayMaster tie-up to offer Contactless Insurance for Customers

Fairfirst Insurance recently partnered with PayMaster Solutions (Pvt) Ltd to offer a convenient and speedy way of purchasing insurance on the go. PayMaster is a one-stop payments app developed and operated by PayMaster Solutions (Pvt) Ltd, a fully-owned subsidiary of FirstPay (Pte) Ltd Singapore. The app aims to revolutionize the way Sri Lankans transact when…

(0) Comments | April 8, 2021 6:07 pm

Cargills initiates the first ever Plastic Modified Asphalt Concrete Car Park in Sri Lanka

As a socially responsible corporate citizen, Cargills holds a strong commitment to serving the nation and preserving the planet for future generations. By partnering with AGC Innovate Pvt Ltd – one of the country’s leading innovative solutions providers – Cargills initiated the launch of “Paving with Plastic” as a means to address Sri Lanka’s plastic…

(0) Comments | April 8, 2021 5:53 pm

Pelwatte Dairy bags two Awards at the CNCI Achiever Awards 2020

Pelwatte Dairy Industries, the Local Dairy Giant bags multiple awards across several categories at the Achiever Awards 2020 which was held for the 19th consecutive year, organized by the Ceylon National Chamber of Industries on the 26th of March 2021 at Galadari Hotel. Pelwatte bagged a Merit Award in the manufacturing sector in the National…

(0) Comments | April 8, 2021 5:40 pm

Top News

SDRs and debt holidays still just a band-aid for debt-hobbled countries

LONDON (Reuters) -Debt experts, charity groups and investors welcomed news on Wednesday that the world’s poorest countries will get new IMF funds and COVID-19 debt relief, but they also cautioned that for some it would still only be a band-aid solution. A new $650 billion allocation of the IMF’s quasi currency known as Special Drawing…

(0) Comments | April 9, 2021 1:54 pm

Public awareness on Risks in investing in Virtual Currencies in Sri Lanka

Considering the recent inquiries on virtual currency usage in the international and domestic markets, the Central Bank of Sri Lanka (CBSL) wishes to inform the public of the risks associated with investing in Virtual Currencies. “Virtual Currencies (VCs)” are digital tokens created by private entities that can be obtained online through mining, Initial Coin Offerings…

(0) Comments | April 9, 2021 12:53 pm

vivo returns as the title sponsor for IPL 2021

Leading smartphone brand by volume with 27% market share as per GFK Plans to launch more products to the market in 2021 vivo, the innovative global smartphone brand, returns as the title sponsors for the Indian Premier League (IPL) 2021. After taking a break last year, vivo has retained the position on the same terms…

(0) Comments | April 9, 2021 12:06 pm

Ambassador Dr. Palitha Kohona Meets with Senior Officials and NGOs in Shanghai

Ambassador Dr. Palitha Kohona visited Shanghai from 30 March to 01 April 2021. He met with a number of leading business people, some of whom were from Zhejiang. Among the matters discussed were the possibility of investing in Sri Lanka’s silica and graphite resources and local value addition, formally partnering with and promoting Sri Lanka…

(0) Comments | April 9, 2021 11:22 am

Huawei says technological innovations boost digital transformation of education

Twenty first century learning is the accumulation of knowledge, work habits and soft skills, including digital literacy, critical thinking and problem solving, that will help students lead successful careers in the modern workplace. In an era of challenges faced due to pandemic that had slowed down the development of future generations or the talent required…

(0) Comments | April 8, 2021 5:16 pm

Inside of BIA goes live on Google Indoor Maps

Joint project by IT teams of SriLankan Airlines & AASL Google Indoor Maps was launched at Colombo’s Bandaranaike International Airport (BIA) today, becoming the first indoor facility to enable this feature in Sri Lanka. SriLankan Airlines and Airport & Aviation Services (Sri Lanka) (Private) Limited teamed up in a remarkable joint project that resulted in…

(0) Comments | April 8, 2021 4:27 pm

Sri Lankan rupee under pressure again. Selling rate of US $ recorded at Rs. 203.50

The Sri Lankan rupee has come once again under pressure. According to the daily exchange report of the Central Bank of Sri Lanka (CBSL), the current buying rate of the US Dollar today (08) stands at Rs.199.21 and selling rate of the US dollar stands at Rs.203.50. This is the highest buying and selling rate…

(0) Comments | April 8, 2021 1:45 pm

Central Bank continues its Accommodative Monetary Policy Stance

The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 07 April 2021, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at their current levels of 4.50 per cent and 5.50 per cent, respectively. The Board arrived at…

(0) Comments | April 8, 2021 7:51 am
More Featured News

Analysis

Biz Confidence Bounces Back

Business sentiment picks up as economic activity shows signs of a slight recovery Sri Lanka recently received its first shipment of 264,000 vaccines of the Oxford-AstraZeneca vaccine as part of the interim allocation of 1.44 million doses to be received from the COVAX Facility in stages until May. This brings the number of doses available…

(0) Comments | April 2, 2021 2:31 pm

China sanctions USA and Canada

The Silk Road Journal – by Mahika Ming When the United States of America (USA) and Canada were constructing their first ever railroads, thousands of Chinese slaves were taken across the Pacific by the colonial rulers to work in these mega projects. As per records thousands of Chinese peasants have died constructing railroads in the…

(0) Comments | March 29, 2021 6:52 am

Powering the virtual world

The Silk Road Journal – by Mahika Ming The Peoples Republic of China (PRC) is planning to hold the 2021 international summit on Digital Development in Fuzhou, in Fujian in Southern China under the theme “Stimulating new dynamics of data factors and embarking on a new journey for Digital China”. The two day summit starting…

(0) Comments | March 24, 2021 11:14 am
More Analysis

Video Story

Stock Market

Exchange Rates