manusath-derana

Lead Story

Statement from Kingsbury

Recent events have been deeply disturbing however our passion to serve our valued guests remains resilient in the face of these challenging times. The Kingsbury empathizes with all innocent victims of this senseless destruction and our hearts go out to the grieving families of all those affected. During the aftermath of the tragic events our…

(0) Comments | April 24, 2019 5:32 pm

Featured

Huawei revenue for Q1 2019 tops over US $ 26 Billion

Huawei recently announced its business results for the first quarter of 2019. In Q1 of this year, Huawei generated CNY 179.7 billion or US $ 26 billion in revenue, an increase of 39% year-on-year. The company’s net profit margin in Q1 2019 was about 8%, slightly higher than the same period last year.   Huawei…

(0) Comments | April 24, 2019 10:07 am

Browns Hospitals signs MoU with NITF to provide members with access to Sri Lanka’s premier healthcare services

Brown Hospitals, a fast growing healthcare service provider, recently signed a Memorandum of Understanding (MoU) with the National Insurance Trust Fund (NITF). The agreement will give the NITF’s 2.5 million members and their families access to Browns Hospitals’ state-of-the-art facilities and services at a concessionary rate. The MoU was signed by Sanath C. De Silva…

(0) Comments | April 23, 2019 1:19 pm

Hameedia’s ‘Men in Black’ dazzle at CFW

Hameedia, the pioneer in men’s fashion celebrates its 70th anniversary this year of providing superior quality menswear and exceptional services to Sri Lankan men from all walks of life. Its brand new collection which was featured at the recently held HSBC Colombo Fashion Week under the theme, ‘Men in Black’ redefined menswear with models adorning…

(0) Comments | April 23, 2019 1:09 pm

Noritake recognised for CSR efforts with double awards

Noritake Lanka Porcelain Pvt Ltd recently won two prestigious awards in recognition of its CSR efforts; one at the recently concluded JASTECA CSR / Sustainability Awards and the other at the Sri Lanka Corporate Health and Productivity Awards. It received the JASTECA CSR / Sustainability 2018 Gold Award for its restoration work on the de-graded…

(0) Comments | April 22, 2019 7:15 pm

John Keells Properties signs exclusive contract with John Keells IT and Sri Lanka Telecom for smart living solution

In a landmark move that will redefine urban lifestyles in Sri Lanka, John Keells Properties (JKP) has entered into a partnership with Sri Lanka Telecom (SLT) and John Keells Information Technology (JKIT) to implement a turnkey smart living solution developed exclusively for upcoming projects in the JKP portfolio. The announcement of the partnership between the…

(0) Comments | April 22, 2019 7:07 pm

‘PRECIOUS HOUSE’ opens new showroom for golf equipment and accessories

‘PRECIOUS HOUSE’ the topmost supplier of golf equipment and accessories in Sri Lanka opened its new showroom this morning (Saturday) at 125, Model Farm Road, Colombo 8. With a wider display of golfing equipment and accessories, the showroom is in close proximity to the islands reputed Royal Colombo Golf Club or best known by its…

(0) Comments | April 20, 2019 9:24 pm

Cybercriminals attack Cloud Server Honeypot within 52 seconds: Sophos Global Report

~ Sophos study of 10 cloud server honeypots placed worldwide reveals the need for visibility and security to protect what businesses put into hybrid and all-cloud platforms Key Report Findings: Cloud server honeypots across 10 global locations attacked within 40 minutes, on average Cloud servers were subjected to 13 attempted attacks per minute, per honeypot, on…

(0) Comments | April 20, 2019 9:19 pm

‘Seylan Offers Raasiya’ heralds new experience for Cardholders this Avurudu Season

Celebrating the Sinhala and Hindu New Year has and will always be one of the special highlights of the year. In a quest to enchant its Credit & Debit Cardholders with unmatched offers and Value, The Bank with a heart has partnered with over 200 merchants to offer great savings on a range of assortments…

(0) Comments | April 20, 2019 9:15 pm

RE/MAX enters booming eastern coast property market

The world’s No.1 real estate brand RE/MAX made its foray into the booming Eastern Coast Property market in Sri Lanka at an event that was held in Trincomalee. The event was graced by RE/MAX Director – Global Development (South East Asia) Cheryl Luster, RE/MAX Executive Director – Global Development Jan Repa, Co-Owners of RE/MAX Harbourside…

(0) Comments | April 20, 2019 9:10 pm

Mobitel Partners UTECH Technologies to introduce IIoT solutions

Sri Lanka’s National Mobile Service Provider, Mobitel, announced a strategic collaboration with UTECH recently. As the Authorized Reseller, Mobitel, in collaboration with UTECH, will offer customized IIoT (Industrial Internet of Things) solutions catering to industries spanning from Construction, Power, Manufacturing, Agriculture and Supply Chain. IIoT solutions enable industries to improve efficiencies to maximize productivity by…

(0) Comments | April 20, 2019 8:59 pm

Top News

For the convenience of passengers – SriLankan Airlines now serving customers through offices across the country

SriLankan Airlines has made arrangements for all ticketing related matters to be handled from SriLankan Airlines ticket offices and passenger services offices across the country, for the convenience of its valued customers and taking into consideration the current situation in the country. SriLankan Airlines wishes to inform valued customers to contact Global Contact Center which…

(0) Comments | April 24, 2019 3:39 pm

Kingsbury to open rest of the operations today, after ISIS Attacks

Sri Lanka’s Billionaire Dhammika Perera owned Hayleys PLC’s subsidiary Kingsbury PLC’s iconic key Colombo Hotel Property which was recently hit by Islamic State of Iraq and Syria (ISIS) suicide bombers, will open its rest of the operations effective from 24th April 2019 (today), apart from the affected restaurant – Harbour Court Multi Cuisine, a disclosure said….

(0) Comments | April 24, 2019 11:09 am

Sri Lanka: Several Visa centers for foreign countries closed until further notice

Amidst the prevailing security situation in Sri Lanka, tourist agencies have informed their clients that several visa centers have been closed for overseas travellers from today (April 23rd) until further notice.   Accordingly, it is informed that IVS Lanka, which provides visa to India, and the affiliated Visa Service Centers to Malaysia, Thailand and Chinese…

(0) Comments | April 23, 2019 10:12 pm

Sri Lanka Stock Market’s All Share Price Index crashes by over 3%

Colombo Stock Exchange’s All Share Price Index falls by over 200 points, whilst S&P SL20 fell by over 100 points   Sri Lanka’s only Capital Market All Share Price Index that rose 6.46% on 18th May 2009 soon after the war was ended against Tamil terrorist group Liberation Tigers of Tamil Eelam (LTTE), crashed down by…

(0) Comments | April 23, 2019 10:04 pm

Joint statement from Muslim Civil Society Movements & Associations

We the undersigned, leaders and members of civil society, Islamic and Muslim associations and movements, are horrified by the events of Easter Sunday – 21st April 2019, which resulted in massive killing, destruction and attack on innocent lives. We express our deepest sympathies and sorrow and condemn in the strongest terms, the incidents, which are…

(0) Comments | April 23, 2019 10:03 pm

Islamic state claims responsibility for Sri Lanka bombings

CAIRO (Reuters) – Islamic state has claimed responsibility for coordinated bombings in Sri Lanka which killed 321 people and injured about 500 others, the group’s AMAQ news agency said on Tuesday. The group did not give evidence for its claim.

(0) Comments | April 23, 2019 4:55 pm

Sri Lanka may need more IMF help as blasts threaten tourism

HONG KONG/SINGAPORE (Reuters) – Sri Lanka faces a likely collapse in tourism following Easter Sunday bomb attacks on churches and hotels, which would deal a severe blow to the island’s economy and financial markets, and potentially force it to seek further IMF assistance. The International Monetary Fund extended last month a $1.5 billion loan for…

(0) Comments | April 23, 2019 4:29 pm

President confident about curtail terrorism and bring back normalcy swiftly

Foreign envoys assures every possible support to President to curb terrorism in Sri Lanka The envoys of foreign countries and the representatives of international agencies were unanimous in their expression of fullest support to President Maithripala Sirisena to curb terrorism in Sri Lanka, which has raised its ugly head on Easter Sunday. Addressing all the…

(0) Comments | April 23, 2019 3:23 pm
More Featured News

Analysis

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

Business Sentiment – Index Stumbles on Budget Fears 

Panic ahead of the 2019 budget leads to a retreat in business confidence in March A recent communiqué by Fitch Ratings asserts that Sri Lanka is taking steps to reduce fiscal and economic risks while also restoring policy certainty following the disruption caused by political upheaval late last year. However, it cautions that “there remain…

(0) Comments | April 2, 2019 10:28 am

What BREXIT Means For the UK – Sri Lanka Trade

RIU Trade surveillance report in association with the Sri Lankan High Commission in London Mar 28, 2019 (London) – The United Kingdom is one of the major trading partners of Sri Lanka, amounting to over 10 percent of the total annual trade. The trade between two countries has been on the upsurge for the last…

(0) Comments | March 28, 2019 4:55 pm
More Analysis

Video Story

Stock Market

Exchange Rates