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Sri Lankan LPG terminal secures debt funding

Sri Lankan conglomerate LAUGFS Gas has secured US$80mn in debt finance from Standard Chartered, for an LPG terminal in Hambantota. It marks the first private sector financing facility in Sri Lanka to be supported by Sinosure, the Chinese-state insurer. It will be built by China Huanqiu Construction and Engineering Corporation (HQC) and once completed, will…

(0) Comments | August 24, 2017 10:01 am


EGUARDIAN Lanka Launches First Local Technical Assistance Center for Fortinet Solutions

EGUARDIAN Lanka, a value-added distributor of Fortinet cybersecurity solutions in Sri Lanka, unveiled the country’s first Fortinet Technical Assistance Center (TAC) at World Trade Center recently. Staffed by a dedicated team of certified engineers, EGUARDIAN will be providing its clients and partners with level 1, 8×5 technical support for all Fortinet products and services through…

(0) Comments | August 24, 2017 10:56 am

VMware Accelerates the Shift to Digitalization and Cloud in Sri Lanka

Enables digital transformation with the industry’s most comprehensive solutions portfolio that offers greater agility, cost efficiencies and faster innovation VMware Inc. (NYSE: VMW), a global leader in cloud infrastructure and business mobility, today reinforced its commitment toward enabling digital transformation in Sri Lanka by helping local companies modernize data centers, empower the digital workspace, integrate…

(0) Comments | August 24, 2017 9:54 am

SLT Head of HR wins Top 50 Professional & Career Women GOLD Award for Leadership Excellence

Ms. Indrani Hissalle, Chief Human Resources Officer of Sri Lanka Telecom PLC – laurelled with the Top 50 Professional & Career Women GOLD Award 2017 for Leadership Excellence in Human Resources held in Colombo recently. The awards highlight and honour women in the national and regional economy and celebrate their achievements, experience and creativity in…

(0) Comments | August 24, 2017 8:01 am

Taste the real roots of Sri Lanka at Fairway Colombo Street Food Festival with EGB

Filled to the brim with tasty street food, from the ever-popular Fish and Chips and Grills, to mouth-watering Dosas, Box Noodles, Rottis and even Acharu, the Fairway Colombo Street Food Festival is made even more special due to its unique and rustic location, the vibrant Hospital Street in Colombo 01. Spend the last few days…

(0) Comments | August 23, 2017 3:56 pm

UTE joins hands with ‘Construct Exhibition 2017’ as Main Partner for Construction Machinery Equipment

Showcases latest trends in construction machinery United Tractor & Equipment (Pvt) Limited (UTE), Sri Lanka’s leading engineering solution’s company has announced their engagement as the Main Partner for Construction Machinery Equipment for the upcoming ‘Construct Exhibition 2017’. ‘Construct Exhibition 2017’ is organized by the National Construction Association of Sri Lanka (NCASL), and this year’s event…

(0) Comments | August 23, 2017 3:41 pm

HUAWEI Ranked 83 in the Top 100 of the Latest Fortune 500 List

In this year’s Fortune 500 that came out in the evening of July 20th, HUAWEI climbed up the list to the 83rd place from the 129th of last year with a revenue of $78.51 billion, making the top global 100 for the first time. The Fortune 500 list has always been the most prestigious and…

(0) Comments | August 22, 2017 4:02 pm

Lanka Hospitals Diagnostics honoured with prestigious medical laboratory accreditation from College of American Pathologists (CAP)

Multi award-winning, dynamic hospital brand, Lanka Hospitals Corporation PLC, continues to reach new heights of excellence in the Healthcare services sector. Its fully-owned subsidiary Lanka Hospitals Diagnostics (LHD) was recently granted the prestigious accreditation status by the College of American Pathologists (CAP) as recognition for meeting globally-acceptable standards of Medical Laboratory practices. Lanka Hospitals Diagnostics…

(0) Comments | August 22, 2017 2:41 pm

Porsche to the future with positive first-half result

Workforce grows by twelve per cent to more than 29,000 employees   Stuttgart. In the first half of 2017, Porsche AG increased its operating result, revenue, deliveries and number of employees. Six months into the year, Porsche’s operating result has reached 2.1 billion euro, an increase of 16 per cent. Revenue increased by eight per cent…

(0) Comments | August 22, 2017 2:29 pm

Mastercard and Educate Lanka make education, employment opportunities more accessible to underprivileged women in Sri Lanka

Mastercard has joined hands with Educate Lanka to empower Sri Lanka’s young women as part of its “Doing Well, Doing Good” initiative. As part of the collaboration, Mastercard will fund a scholarship programme as well as a skills development and mentorship platform, supported by the company. The initiative seeks to build a more inclusive future…

(0) Comments | August 22, 2017 11:27 am

CSE Toastmasters Club holds its 3rd Installation Ceremony

The CSE Toastmasters Club celebrated the achievements of its second Toastmaster year and made appointments of new members and office bearers at the Club’s 3rd Installation Ceremony, which was recently held at the CSE. The ceremony was graced by the Chief Guest – CSE CEO Mr. Rajeeva Bandaranaike, Guest of Honor – District Director, District…

(0) Comments | August 22, 2017 11:22 am

Top News

Sri Lankan shares fall for third straight day; blue chips drag

Reuters – Sri Lankan shares fell for the third straight session on Wednesday, hitting their lowest close in more than four months, as investors sold heavyweights amid continuing uncertainty over a proposed tax reform bill. The Colombo stock index fell 0.19 percent, or 12.05 points, to 6,383.27, its lowest close since April 18. The index…

(0) Comments | August 24, 2017 9:42 am

Facebook is Down

Facebook appears to have gone down in parts of the UK, leaving thousands of users unable to access their social media accounts. The reason for the crash remains unknown, but 53 per cent of users have reported a total blackout on the site. Facebook is yet to comment on the problem, or provide a fix,…

(0) Comments | August 23, 2017 6:29 pm

Switzerland’s Dufry awarded contract for BIA duty free shops

The cabinet of ministers have approved a proposal made by the Transport & Civil Aviation Minister Nimal Siripala de Silva, to award the second contract for the operation of duty free shops for next 05 years, as recommended by the standing Cabinet Appointed Procurement Committee, to Dufry AG of Switzerland.

(0) Comments | August 23, 2017 5:10 pm

Kia ranked No 1 automobile brand for quality in USA ranking

Kia has topped a USA ranking of global automobile brands assessed for quality, outperforming a prestigious list that includes luxury marques from some of top names in the industry.   This is the second successive year that the J. D. Power Initial Quality Study (IQS) has ranked Kia No. 1 on its prestigious ranking.  …

(0) Comments | August 23, 2017 5:00 pm

Sri Lanka Indonesia Business Council Holds its 24th AGM

Sri Lanka – Indonesia Business Council (SLIBC) which functions under the aegis of the Ceylon Chamber of Commerce held its 24th Annual General Meeting recently, at Movenpick Hotel, Colombo, re-electing Mr. Kalinga Wijesekara, Head of Marketing & Communications, Serendib Flour Mills (Pvt) Ltd. as the President of the SLIBC for a second term for 2017-2018….

(0) Comments | August 23, 2017 3:48 pm

A&E strategically aligns with CGS to improve productivity through tech

A&E, a global leader in premium quality industrial and consumer sewing thread, embroidery thread and technical textiles, announced this month its strategic alliance with CGS, a provider of business applications, enterprise learning and outsourcing services, to improve productivity, quality and employee motivation within manufacturing operations. A&E has long been committed to assisting with the challenges…

(0) Comments | August 23, 2017 12:08 pm

Dialog Axiata Trials 5G for the First Time in South Asia

Sri Lanka yet again showcased its dominance as the regional hub for telecommunications with Dialog Axiata demonstrating 5G (Generation) Technology for the first time in South Asia, paving the way for next generation wireless connectivity with speeds in excess of 35 Gbps (Gigabits Per Second). The ground-breaking 5G technology capability trial was carried out by…

(0) Comments | August 23, 2017 8:13 am

All Telco Operators agree to grant 10% bonus data on Internet Packages

Licensed Telecommunications Operators announced that all mobile and fixed line subscribers will be granted a 10% bonus usage on Internet Packages/cards as a special gesture to mark the removal of Telco Levy by the Government. Operators in a joint statement said that the removal of the Telco Levy on internet by the government is a…

(0) Comments | August 23, 2017 8:10 am
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In India, diesel cars killing air: Study

NEW DELHI: An international study, testing on-road emissions of passenger cars in India, says a diesel SUV may be emitting 25 to 65 times more oxides of nitrogen (NOx) than a small petrol car. On-road emissions of diesel cars may also be far higher than their emissions under lab certification conditions, it adds. The study,…

(0) Comments | August 13, 2017 9:35 pm

Rise Of Job Expectation And Ability To Save Despite The Decrease Of Expectation Of Reduction Of Corruption

Perceived Economic Opportunity PEO: May, 2017   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 May 2017 covering all districts in Sri Lanka on their expectations of economic prospects in the ensuing twelve months.   Status…

(0) Comments | August 9, 2017 1:49 pm

Veteran stories from 150 years of Pure Ceylon Tea: Jayantissa Ratwatte

Having travelled the plantations extensively with some of his kinsmen who were already in the tea industry as a school boy during the 1950s, Jayantissa Ratwatte was a frequent visitor to the island’s hill country tea plantations and so the transition from books to tea was quite an organic one. Continuing a tradition that started…

(0) Comments | August 2, 2017 12:06 pm
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