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Hayleys Energy Services Commences Sri Lanka’s First Oil & Gas Drillship Lay-Up at Hambantota International Port

Hayleys Energy Services (HES), the pioneer in Oil and Gas support services in Sri Lanka, announced the arrival of the oil and gas drillship “Aban Abraham” for a warm lay-up to the Hambantota International Port, Sri Lanka. Aban Offshore Limited, the company that own the vessel, is India’s largest offshore drilling services provider to oil…

(0) Comments | December 16, 2018 2:17 pm

Featured

Sophos introduces lateral Movement Protection to XG Firewall to stop advancing cyberattacks

~ New lateral movement protection exposes blind spots on network switches or LAN segments with innovative Sophos Synchronized Security technology OXFORD, U.K: Sophos (LSE: SOPH), a global leader in network and endpoint security, announced that its next-generation Sophos XG Firewall now includes lateral movement protection to prevent targeted, manual cyberattacks or exploits from infiltrating further…

(0) Comments | December 16, 2018 1:08 am

99X Technology sweeps up double golds at NBEA 2018

Top honours were awarded to software product engineering specialist 99X Technology, as it won gold both in the ICT Services Sector category as well as in the Overall Medium category at the National Business Excellence Awards (NBEA) 2018, organized by the National Chamber of Commerce Sri Lanka. The recognitions were a continuing acknowledgement of the…

(0) Comments | December 16, 2018 12:59 am

Investors in luxury still bullish on Sri Lanka

~ The Plantation Luxury Villas unveiled to investors following encouraging response With aspirations to invigorate and inspire luxury hospitality in the region, Sri Lanka-based The Plantation Luxury Villas announced the launch of its newest development of luxury villas, at an event held at The Heritage Café in Galle on Thursday, 13 December. Following an introduction…

(0) Comments | December 16, 2018 12:50 am

HNB Finance honoured at National Business Excellence Awards 2018

HNB Finance illustrated the company’s robust presence in the industry by clinching the Silver Award in the Non-banking Financial Services category at the National Business Excellence Awards (NBEA) 2018. The 15th edition of the National Business Excellence Awards honoured corporate entities through evaluating business value creation in seven crucial areas. HNB Finance won the Silver…

(0) Comments | December 14, 2018 2:44 pm

Kaspersky Lab makes deeper inroads into Sri Lanka with their new distributor SATL

Global cybersecurity giant Kaspersky Lab has been successfully expanding its business in the South Asia region. Continuing to have a strong hold in the Indian market, they have now moved to achieve a similar hold in Bangladesh and Sri Lanka. After a successful launch in Bangladesh in November, Kaspersky Lab are now set to make…

(0) Comments | December 14, 2018 2:40 pm

‘Super food’ Moringa now in modern, easy-to-consume form

~ Benefits 750 farmer families in North Central Province Although the humble ‘murunga’ (Moringa) is taken for granted as a common dish in our day-to-day lives in Sri Lanka, few realise that Moringa leaf related products are identified as ‘super food’ worldwide due to their amazing range of health benefits. Among the wide and unique…

(0) Comments | December 13, 2018 8:43 pm

Faculty of Medicine, University of Ceylon’s Class of ‘63 celebrates Golden Jubilee at Sigiriya Jungles

The Class of ’63 of the Faculty of Medicine, Colombo, University of Ceylon, celebrated its half century of being doctors at a memorable get-away at the Sigiriya Jungles Hotel recently. Many doctors who were part of this batch, travelled from various parts of the world to commemorate their Golden Jubilee as doctors, while also having…

(0) Comments | December 13, 2018 8:27 pm

Hemas Hospitals recognized for its delivery of high quality healthcare services to Seychelles

Leading Sri Lankan health care provider Hemas Hospital Thalawatugoda was felicitated at a special ceremony recognizing the hospital’s outstanding contributions towards serving the healthcare needs of the citizens of Seychelles. The award was presented to Hemas Hospital Thalawatugoda by His Excellency President Maithripala Sirisena at a ceremony hosted by High Commissioner for Sri Lanka in…

(0) Comments | December 13, 2018 8:14 pm

Royal Artistry Make-up Collection by Spa Ceylon

Spa Ceylon, the world’s largest luxury Ayurveda chain has just launched a unique range of natural make-up infused with island minerals, caring plant oils & hydrating fruit butters, in exotic shades inspired by the tropical beauty of Ceylon. Designed to retail across Spa Ceylon’s network of international stores, the Royal Artistry collection not only offers…

(0) Comments | December 13, 2018 12:20 pm

Swipe DFCC Credit Cards daily to enjoy DFCC Bank’s special CashBack offers

Christmas and New Year is an eagerly awaited holiday season for people in Sri Lanka, with family and friends coming together to spend time and exchange gifts. It is a joyous season when people aspire to enjoy the best lifestyle possible – be it shopping, gifting or dining out. In line with this, DFCC Bank…

(0) Comments | December 13, 2018 11:22 am

Top News

Sri Lankan rupee ends lower on foreign sell-off ahead of key ruling

Reuters – ** The Sri Lankan rupee ended a tad weaker on Thursday in dull trade amid pressure on the currency due to foreign outflows from bonds and stocks as a lingering political crisis weighed on sentiment ahead of a key ruling by the island nation’s Supreme Court. ** After the markets closed, the Supreme…

(0) Comments | December 14, 2018 10:22 am

CICT to enhance Colombo Port’s deep water capacity by March 2019

Announces addition of 2 new mega QGCs, 6 RTGs & 12 Prime Movers to enable handling of 22,000+ TEU vessels   Colombo International Container Terminals (CICT) has announced a significant equipment addition that will enhance the terminal’s deep water capacity and make Colombo one of the few ports in Asia capable of handling vessels of…

(0) Comments | December 13, 2018 4:50 pm

Slow growth predicted in Sri Lanka’s mobile market over till 2023 – Report

Whilst Sri Lanka’s mobile market has experienced strong growth over the last six years, Slow growth is predicted over the next five years to 2023, a recent report titled ‘Sri Lanka Telecoms, Mobile and Broadband Market Growth, Analysis, Challenges and Industry Key Players’ done by WiseGuyResearch Consultants (Pvt) Ltd highlights. “The market will be constrained…

(0) Comments | December 13, 2018 4:44 pm

Private sector companies in Sri Lanka that provide childcare support gain significant business benefits, finds IFC’s new report

Businesses in Sri Lanka that offer childcare support to their employees can gain a significant positive impact on recruitment, retention and productivity of workers, especially women, according to a new report released by the International Finance Corporation (IFC), a member of the World Bank Group, in collaboration with the United Nations Children’s Fund (UNICEF). ‘Tackling…

(0) Comments | December 13, 2018 2:31 pm

Gihan Cooray appointed Chairman of Nations Trust Bank

Nations Trust Bank PLC has announced the appointment of Gihan Cooray as Chairman of the Board of Directors, with effect from December 1st 2018. Cooray takes over as Chairman following the retirement of Krishan Balendra who stepped down after having served the stipulated maximum 9 year tenure as a Director of Nations Trust Bank PLC….

(0) Comments | December 13, 2018 2:16 pm

LAUGFS Power to add 20MW Solar Power to National Grid by 2020, mulls Rs.3.5 Bn investment

Sri Lanka’s LAUGFS group Managing Director Thilak De Silva speaking to reporters had recently pointed out that LAUGFS Power Ltd, a subsidiary of LAUGFS Gas PLC, will invest a further Rs. 3.5 billion until 2020 to add 20 MV of solar power to the National Grid. LAUGFS Power currently owns and operates Sri Lanka’s largest…

(0) Comments | December 13, 2018 2:09 pm

Korean Depository to collaborate with Lankan counterpart CDS

Central Depository Systems (Pvt) Ltd (CDS), a fully owned subsidiary of the Colombo Stock Exchange (CSE), signed a MoU with Korea Securities Depository (KSD) on the sidelines of the 22nd Annual General Meeting of the Asia‐Pacific Central Securities Depository Group (ACG) hosted in Colombo. The MoU aims to strengthen the relationship between the depositories and…

(0) Comments | December 13, 2018 12:17 pm

Sri Lankan rupee ends lower as foreign sell-off continues

Reuters – ** The Sri Lankan rupee ended weaker on Wednesday, as foreign investors continued to exit from bonds and stocks as a lingering political crisis weighed on sentiment ahead of a key ruling by the island nation’s Supreme Court. ** The ruling, expected this week, will determine if the current parliament can continue the…

(0) Comments | December 13, 2018 10:39 am
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Analysis

JLL comments on the Western Region Megapolis Masterplan’s sustainability and progress

In its monthly Compass bulletin, real estate consultancy Jones Lang Lasalle examined the relevance of the Western Region Megapolis Masterplan to Sri Lanka’s ambitions of improving citizen wealth and rapid economic growth. The statement also questioned the sporadic nature of the progress reported by the project since March 2017, noting that a cornerstone of the…

(0) Comments | November 6, 2018 11:42 am

Business Sentiment – Index Slides to 114 Month Low

The downward spiral in biz sentiment shows no sign of letting up as fears mount Trade within South Asia can increase by nearly threefold  from US$ 23 billion to 67 billion dollars provided that trade barriers are overcome, according to a recent World Bank report titled ‘A Glass Half Full: The Promise of Regional Trade…

(0) Comments | November 5, 2018 10:06 am

Recent Economic Developments: Highlights of 2018 and Prospects for 2019

The Central Bank of Sri Lanka today released its half yearly publication – “Recent Economic Developments: Highlights of 2018 and Prospects for 2019”. A summary of the performance of the Sri Lankan economy in 2018 as reflected in this publication is given below: The Sri Lankan economy faced renewed challenges emanating from global market developments, which disrupted the…

(0) Comments | October 30, 2018 5:15 pm
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