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First details of Nokia’s ‘new’ 3310 revealed

Retro handset will have color display and be thinner and lighter than the original The original 3310 was released in 2000 and achieved cult status Revamped version is one of four handsets Nokia is rumoured to be revealing The new 3310 is likely to cost just €59 (around £49) More details expected at the Mobile…

(0) Comments | February 24, 2017 2:02 pm

Featured

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SriLankan Airlines hosts ‘Speculo 2017’

The national carrier, Sri Lankan Airlines recently hosted ‘Speculo 2017’, a national painting and visual arts exhibition featuring the work of the country’s top professional artists as well as youth from all corners of the island. The event took place at J.D.A. Perera Gallery from February 24 – 26 and was attended by art enthusiasts,…

(0) Comments | February 24, 2017 3:31 pm

UTE Triumphs at Caterpillar Cricket Tournament for consecutive year

United Tractor & Equipment (Pvt) Limited (UTE), the nation’s premier engineering solutions provider, showcased its cricketing prowess recently when its Cricket Team emerged champions in the Caterpillar Challenge Trophy Cricket Tournament for the second, consecutive year. The tournament held in Chennai, India recently featured defending champions UTE competing against Caterpillar dealers from the Bangalore District;…

(0) Comments | February 24, 2017 1:07 pm

#wOwLoveFest spreads some love on Valentine’s Day

Sri Lanka’s leading e-commerce site, wOw.lk, recently launched its latest social media and internal campaign #wOwLoveFest, to spread some love on Valentine’s Day. The focus of the campaign was to not only celebrate the love that couples share, but to celebrate love for one’s self, one’s team members, family, friends and the community. Commenting on…

(0) Comments | February 24, 2017 1:05 pm

Sri Lanka’s Umavi Pathirana presents research at 2nd APCCR forum in KL

Umavi Pathirana recently presented a research paper on “Simplifying Legal Statements using Natural Language Processing” at the 2nd Asia Pacific Conference on Contemporary Research (APCCR) in Kuala Lumpur, Malaysia. Ms. Pathirana, a recent graduate of the Sri Lanka Institute of Information Technology, is employed at the London Stock Exchange Group’s new facility at Trace Expert…

(0) Comments | February 24, 2017 1:02 pm

Nanorepel – A nanotechnology based coating that will reliably protect treated surfaces from dirt

Ecocorp Asia announced the launch of Nanorepel, a surface protection system from Germany that uses nanotechnology to provide a reliable ‘dDo-iIt-yYourself’ coating for every household in Sri Lanka. The system uses an incredibly thin layers of ‘liquid glass’ or quartz glass to coat surfaces. In addition to the positive properties of glass such as temperature…

(0) Comments | February 24, 2017 10:18 am

New initiatives by CIC to elevate Education in rural Agri-Communities

CIC Seeds to launch a host of new initiatives to uplift the education system in the rural agricultural communities through the ‘CIC MANUSSAKAMA’ CSR program Wednesday 22nd February 2017; ‘CIC Seeds’, a part of CIC Agri businesses which is a subsidiary of CIC Holdings PLC plans to implement a series of initiatives, under the company’s…

(0) Comments | February 23, 2017 5:21 pm

Brandix helps 5,700 children with gifts of stationery and school bags

More than 5,700 children received gifts of stationery, other school requisites and a school bag each for the new school year under a new employee welfare initiative launched by Brandix, Sri Lanka’s top ranked exporter. The ‘Ran Daru Thilina’ programme benefitted children from the nursery age to Grade 5, with each child receiving a pack…

(0) Comments | February 23, 2017 3:40 pm

HNB offers host of new benefits packages through milestone agreement with Indra Traders

Commencing in February this year, the nation’s premier vehicle, importer and distributor, Indra Traders struck a partnership with Sri Lanka’s leading private sector bank, HNB, to offer customers mega benefits in addition to purchasing a top- of- the- line vehicle. Indra Traders with over 45 years of excellence and prestige in the motor vehicle space,…

(0) Comments | February 23, 2017 2:33 pm

HNB launches new breakthrough Smart Pay card for Sri Lankan schools

Sri Lanka’s most technologically innovative bank, HNB partnered with D.S. Senanayake College to launch Smart Pay – a revolutionary new proprietary card that will completely redesign payments and attendance recording in schools. The official launch of HNB Smart Pay was timed to coincide with the 50th anniversary celebrations of D.S. Senanayake College. Utilizing near-field communication…

(0) Comments | February 23, 2017 11:52 am

Serendib Flour Mills strengthens online presence with the launch of its new corporate website

Serendib Flour Mills recently launched its new corporate website, in keeping with its vision to strengthen its online presence. The website (www.sfml.lk) was modernized and updated to provide vital information and details to the company’s stakeholders with ease and convenience. The new website is fully optimized, features a fresh and sleek design as well as…

(0) Comments | February 23, 2017 10:28 am

Top News

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Sri Lankan shares end firmer; earnings lift sentiment

Sri Lankan shares ended slightly firmer on Thursday, further moving away from a more than one-week closing low hit earlier in the week, as better-than-expected corporate earnings boosted sentiment, although concerns over rising rates capped gains. The Colombo stock index ended 0.14 percent firmer at 6,138.14. It fell 0.35 percent on week. The bourse will…

(0) Comments | February 24, 2017 10:26 am

Global Lifts & Escalator Expo 2017 Inaugurated at SLECC

The Pristine Emerald Island will see an internationally acclaimed GLOBAL LIFT AND ESCALATOR EXPO (GLE EXPO), was successfully inaugurated yesterday February 22nd at the Sri Lanka Exhibition & Convention Center, Colombo. This Expo will help showcase Elevator and Escalator, components and accessories manufacturers. This will be a one-stop shop both for learning about the industry…

(0) Comments | February 23, 2017 5:25 pm

Singer Sri Lanka reports strong growth in 2016

Singer (Sri Lanka) PLC announced today its results for the year ended December 31, 2016. The results showed excellent growth. Group Revenue increased 21% over the previous year to Rs. 46.9 Billion and Group Net Profit increased 91% to Rs. 2,358 Million. The growth in Revenue and Net income is primarily due to the significant…

(0) Comments | February 23, 2017 3:28 pm

Galle Face Hotel Hosts United States Congress Representatives

South Asia’s leading Grande Dame, the Galle Face Hotel is one of Colombo’s most iconic institutions. For over 150 years, the landmark hotel has set the bar for luxury accommodations and is the preferred choice for guests. Recently, the hotel was host to a group of United States Congress Representatives who were in Sri Lanka…

(0) Comments | February 23, 2017 2:13 pm

Eguardian Lanka highlights Cyber Security concerns for financial services sector

~ World’s foremost cyber security expert, Jacob Williams, shares insights at CIO Forum Eguardian Lanka shed light on emerging cyber security threats to the financial services industry at its “Way Forward to Cyber Resilience” CIO Forum in Colombo recently. Senior cyber security specialists from the company shed light on how banks and other financial service…

(0) Comments | February 23, 2017 11:13 am

Lanka Bell races to connect 35,000+ households and businesses in record time with Bell4G

Lanka Bell, Sri Lanka’s iconic telecom operator has achieved a significant milestone by reaching 35,000+ households and businesses with its fourth-generation LTE internet connectivity branded as Bell4G. Within a short duration, Bell4G has raised the bar from serving 15,000 to 35,000+ customers. Moreover, Bell4G enables Lanka Bell to be on par with or supersede the…

(0) Comments | February 23, 2017 10:16 am

Sri Lankan shares edge up as investors pick up bank stocks

Reuters – Sri Lankan shares rose slightly on Wednesday from a more than one-week closing low hit in the previous session as investors bought banking shares, but concerns over rising interest rates weighed on sentiment. Yields on treasury bills rose 3-10 basis points at a weekly auction on Tuesday. They have risen 44-73 basis points…

(0) Comments | February 23, 2017 10:01 am

Aitken Spence reaffirms support to CA Sri Lanka with Lead Sponsorship

Leading blue chip conglomerate, Aitken Spence PLC has once again reaffirmed its support to the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with yet another lead sponsorship. The sponsorship cheque was recently handed over to CA Sri Lanka President Mr. Lasantha Wickremasinghe by Aitken Spence’s Deputy Chairman and Managing Director, Mr. J…

(0) Comments | February 23, 2017 9:41 am
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Analysis

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How new visa changes can influence Sri Lanka’s Real Estate Market

Five years ago, Sri Lanka’s government imposed stricter rules on visa requirements. This happened as part of an on-going process to improve administrative procedures following the end of the war in 2009. Since the new visa laws were proposed, a new government has come into power. What impact do the new visa requirements and this…

(0) Comments | February 15, 2017 10:44 am

Expectation on ability to save increases despite downward trend of expectation for corruption reduction

Perceived Economic Opportunity PEO: December, 2016 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in December 2016 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months. STATUS OF JOB…

(0) Comments | February 9, 2017 1:14 pm

Sri Lanka’s economic expectation keeps changing its direction

Perceived Economic Opportunity PEO: November, 2016 This brief report of the Perceived Economic Opportunity (PEO) presents the analysis of a random survey carried out using a sample of 400 men and women in November 2016 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing tweleve months. Status of job…

(0) Comments | January 30, 2017 10:08 am
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