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ICTA signs MOU with daraz

The private sector is also joining hands to further strengthen the national program to bring the benefits of digital technology to the people. This was confirmed by the Memorandum of Understanding (MoU) signed between the Information and Communication Technology Agency of Sri Lanka and the Kaymu Lanka (Private) Limited (daraz.lk) on the 15th of Sepetember…

(0) Comments | September 18, 2020 3:52 pm

Featured

Technologically driven Logicare set to lead the way in resilient supply chain solutions

The economic turmoil that occurred due to the outbreak of COVID-19, and its after-effects have exposed many vulnerabilities in supply chains and raised doubts about resilience. Business leaders have started to use this crisis to take a fresh look at their supply chain networks and logistics partners, take steps to understand their vulnerabilities, and then…

(0) Comments | September 18, 2020 4:00 pm

Mallika Hemachandra Jewellers innovates with Sri Lanka’s biggest jewellery collection on offer

Mallika Hemachandara Jewellers (MHJ) announces the biggest and the best jewellery offer with over 1400 jewellery pieces covering all what a trendy woman needs. The jewellery ranges from exquisite diamond studded pendants, ear studs rings and bracelets, and a wide range of 22kt gold designer jewellery which starts as low as Rs. 22,000/-. Discounts up…

(0) Comments | September 18, 2020 3:56 pm

Rainco Campaigns for Change in the time of COVID-19 Global Pandemic

Sri Lanka as a nation is being recognized for its efforts in curbing the COVID-19 outbreak, however, this does not rule out a second wave, especially if we continue with this attitude of complacency. While the threat of COVID-19 seems largely in the past now that day to day life has resumed, this is far…

(0) Comments | September 18, 2020 3:40 pm

People’s Bank clinches the prestigious “The Best in Sri Lanka Award” for its 2019 Annual Report

The International ARC Awards in New York, USA – considered the Academy Awards for annual reports by the financial community – recently awarded People’s Bank the prestigious “Best in Sri Lanka Award” for its 2019 Annual Report titled “the Frontier”. In addition, the Bank was the recipient of a grand haul of other awards which…

(0) Comments | September 18, 2020 3:35 pm

Marina Square launches ‘State-of-the-Art’ New Website

Marina Square – Uptown Colombo recently launched a completely revamped new website, providing a unique customer experience and extensive interactive content. The information is presented in an easy to navigate manner and illustrated through life like, architecturally accurate 3D images, giving the customers a ‘preview’ of what to expect from the Marina Square Development. The…

(0) Comments | September 18, 2020 3:32 pm

Four wins for Ogilvy Digital at BestWeb.lk 2020

Ogilvy Digital of the Phoenix Ogilvy Group Sri Lanka won big at Sri Lanka’s pioneering web design competition, BestWeb.lk 2020, walking away with a tally of four awards in total. Ogilvy Martech, the development unit of Ogilvy Digital, were presented the awards at a ceremony held on the 9th of September, 2020. Ogilvy Martech picked…

(0) Comments | September 18, 2020 3:17 pm

Huawei Announces New Developer Technologies Capable of Smarter All-Scenario Experiences

Huawei Developer Conference 2020 (Together) took place last week. In the keynote speech, Huawei announced major upcoming updates for HarmonyOS 2.0, EMUI 11, HMS(Huawei Mobile Services), HUAWEI HiLink, and HUAWEI Research. These improvements will empower global developers and ecosystem partners to provide enhanced and innovative user experiences for users. At the event, Huawei also unveiled…

(0) Comments | September 18, 2020 3:11 pm

Iconic Galaxy’s Privé apartments – a notch above the rest is underway

Leading infrastructure developer Iconic Developments announced that construction of its premier Privé apartments of its latest luxury living space, the Iconic Galaxy, is in progress. Having earned its most loyal homeowners a value of around 20-30 per cent on their initial investment, Iconic Developments offers prospective homeowners the self-contained luxury apartment complex the Iconic Galaxy….

(0) Comments | September 18, 2020 3:05 pm

ComBank presents grand prizes to e-statement promo winners

Two lucky Commercial Bank Credit Card holders have won cash to the equivalent of a holiday in Singapore by opting for electronic statements instead of the printed monthly statements. Messrs Y. W. George Amila Yatanwala and H. B. Ararchchige Darshana Maduranga were drawn from a large number of Commercial Bank cardholders who responded to a…

(0) Comments | September 18, 2020 3:01 pm

AIA introduces enterprise grade, secure remote digital signatures, a first in Sri Lanka’s life insurance industry

In yet another industry first initiative in Sri Lanka, AIA Insurance has introduced enterprise-grade, secure remote digital signatures for customers.  This means that customers can now sign documents in the comfort and privacy of their own homes, securely, with ease and convenience. “This pioneering solution was launched by AIA with the customer’s convenience in mind”…

(0) Comments | September 18, 2020 2:55 pm

Top News

Sri Lanka must no longer depend on foreign loans: SEC DG

SEC Director-General Chinthaka Mendis yesterday (17) called on the Government to seek funding for its development projects at the Stock Exchange, saying that the country should no longer depend on foreign loans. “When it comes to economic development we can’t any longer depend on foreign loans. Therefore, let me tell you, this is the place…

(0) Comments | September 18, 2020 3:22 pm

Govt. to support local automotive assembly with 30% locally made automobile components

The Sri Lanka Automotive Component Manufacturers’ Association recently announced that the Sri Lanka Government is actively seeking to promote automotive assembly with locally secured components, in order to boost the industry and create better job opportunities. The assembly of 100 vehicles will create more than 250 direct jobs and 100 indirect jobs. If 1000 vehicles…

(0) Comments | September 18, 2020 12:42 pm

Sri Lanka ranks 83 among 162 jurisdictions on Economic Freedom of World index

Sri Lanka ranks 83  out of 162 countries and territories included in the Economic Freedom of the World: 2020 Annual Report, released by Canada’s Fraser Institute in association with the Advocata Institute Sri Lanka. Hong Kong and Singapore top the index, continuing their streak as 1st and 2nd respectively. New Zealand, Switzerland, the United States,…

(0) Comments | September 18, 2020 12:26 pm

Webinar on ‘India – Sri Lanka Current Business Environment & Opportunities for Joint Collaborations for Agri & Processed Food Sector’

A webinar on “India – Sri Lanka Current Business Environment and Opportunities for Joint Collaborations for Agri and Processed Food Sector”, to promote Sri Lanka’s Agri products and Processed Foods will be held on 29th September 2020 (Tuesday) from 11.30a.m. to 1.00 p.m. The webinar is jointly organized by the Sri Lanka Consulate General in…

(0) Comments | September 18, 2020 12:23 pm

Govt. to call bids for 300MW LNG Power Plant

As a solution to the power crisis that may arise in the country in the future, it is appropriate to construct a 300 MW Liquefied Natural Gas Power Plant in Kerawalapitiya, the state information office said. Accordingly, it had been identified that it is appropriate to build and operate this power plant using Build, own, operate…

(0) Comments | September 18, 2020 9:30 am

Come forward and list your company – SEC Chairman

Chairman of the Securities and Exchange Commission of Sri Lanka (SEC), Viraj Dayaratne PC today (17) requested large companies, Small and medium-sized enterprises (SMEs), and startups to get listed in the Stock Market and raise funds. “I appeal to the large companies in Sri Lanka who have not yet listed, please come forward and list your companies…

(0) Comments | September 17, 2020 5:05 pm

We are targeting 500 listed firms for next 5 years: State Minister Cabraal

The Colombo Stock Exchange (CSE) should aim at increasing the number of listed companies from the current number of about 200 to 500 firms, State Minister for Finance, Capital Market and Public Enterprise Reforms Ajith Nivard Cabraal stated. “The digitalization will take away from you, from the brokers as well as the market players a lot of…

(0) Comments | September 17, 2020 4:22 pm

LAUGFS Terminals Complex at Hambantota International Port Celebrates 100th Ship Call

LAUGFS Terminals Ltd is celebrating today, the 100th ship call, for loading of LP Gas at its port based, all weather LP Gas Storage and Transhipment Terminal Complex located at Hambantota International Port. This facility was built and now operated by LAUGFS Terminals Ltd which is a fully owned subsidiary of LAUGFS Gas PLC.  The…

(0) Comments | September 17, 2020 3:59 pm
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Analysis

Shanghai Cooperation Organisation for our safety

The Beijing Swift – By Prof. Samitha Hettige © The Shanghai Cooperation Organisation (SCO) held its 2020 Foreign Ministers meeting in Moscow recently. It is a Eurasian political, economic, and security alliance and was created at the turn of the century in Shanghai, China at a gathering of the heads of state of the Peoples Republic of China (PRC), Kazakhstan, Kyrgyzstan, Russia, Tajikistan, and Uzbekistan. Other than the PRC…

(0) Comments | September 14, 2020 12:20 pm

Sanctioning South China Sea

The Beijing Swift – By Prof. Samitha Hettige © China’s ancient maritime Silk Road reached South Asia, Africa and the Middle East through the South China Sea (SCS). The Suez Canal was not in existence in 1403 AD and therefore, the voyages of Chinese Admiral Zhen Ho ended in the Middle East. Since the Emperor…

(0) Comments | September 7, 2020 10:55 am

The Beijing Swift – Expressway to development along the Belt and Road

By Prof. Samitha Hettige © There is discussion on the Millennium Challenges Cooperation (MCC) agreement once again in Sri Lanka. One feature in the MCC is developing transportation facilities to improve connectivity in Sri Lanka. Laos sometimes referred to as the land of million elephants is bordering the Peoples Republic of China. Transport facilities in…

(0) Comments | September 2, 2020 9:47 am
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