Features

After ODEL, now Otara goes live with OTARADEL

The newly revamped website of entrepreneur and philanthropist Otara Gunewardene was launched on the 20 April 2015. Unveiling a sleek re-design combined with a responsive layout, it features an innovative, user-friendly interface that seamlessly moves the user through sequenced pages and material. Detailing her journey from selling garments out of the boot of her car…

(0)Comments | April 27, 2015 1:45 pm

From punch card machines to compute sticks

The evolution of computers; a matter we must not underestimate Would you believe it if I told you that the first use of the word ‘computer’ dates back to the 1600s? I kid you not. ‘The Young Man’s Gleanings’ by English author, Richard Braithwait, states, “I have read the truest computer of Times, and the…

(0)Comments | April 23, 2015 2:37 pm

Investors wait for economic reform in Sri Lanka

Sri Lanka voted in a new president in January who promised to clean up a business environment plagued by allegations of corruption and cronyism. Maithripala Sirisena took power in January, but is finding it tough to push through reform. As a result, many investors are watching Sri Lanka with interest but are holding back from…

(0)Comments | April 23, 2015 10:09 am

Cairn India pulling out of fuel, gas explorations in Sri Lanka

Since Cairn India is reportedly to pull out of its offshore fuel and natural gas explorations within the Mannar Basin in Sri Lankan waters, it has been revealed that the government has been compelled to look for new entities to continue drilling these deposits. According to reports, with increasing pressure on Cairn India due to…

(0)Comments | April 20, 2015 5:32 pm

Why 'Car Babes' Are Banned From China Auto Show

When Shanghai’s annual auto show opens this week, one particular detail will be missing – the car girls. Young female models sitting provocatively on car hoods in revealing outfits to attract visitors have become synonymous with auto shows in China. But at the 16th Shanghai International Automobile Industry Exhibition opening on April 22, the girls…

(0)Comments | April 20, 2015 2:41 pm

COPE wants report on possibility of extending Katunayake airport runway

The Committee On Public Enterprises (COPE) has directed the relevant authorities to submit a report on the possibilities of developing the Bandaranaike International Airport, Katunayake as a spacious airport that could accommodate even the largest aircraft such as an A 380. The Civil Aviation Authority had stated that its engineers were exploring the widening of…

(0)Comments | April 17, 2015 7:17 pm

Is Mattala international airport really a white elephant?

The benefits of constructing a new airport were discussed, according to the Committee on Public Enterprises (COPE) interim report. The report states that according to the Civil Aviation Authority, the number of aircraft flying over Sri Lanka had improved significantly due to the availability of a high standard airport in Mattala which has the accessibility…

(0)Comments | April 15, 2015 8:20 am

Priyanka Dissanayake, Pathma Maharaja among Directors of Hotel Developers (Lanka)

The Finance Ministry has appointed a new Board of Directors to Hotel Developers (Lanka) PLC which owns The Hilton Hotel. Sagarika Neelamani Kumari Delgoda, who for sometime was the Sri Lankan permanent representative for the German assisted NGO, the Friedrich Naumann Foundation has been appointed as Chairperson. Meanwhile, Ms. Deeshana S. Amarasekera, Hoseph Soosaidason, Janaprit…

(0)Comments | April 9, 2015 7:27 pm

Minister Champika sets off electric car wave in Sri Lanka

Power and Energy Minister Patali Champika Ranawaka declared open Sri Lanka’s first ever electric car recharging centre at No. 10, Tickle Road, Borella in Colombo. The Power and Energy Ministry had already declared earlier that such electric car recharging centres would be set up island-wide with the cooperation of the private sector and that they…

(0)Comments | April 8, 2015 4:43 pm

BOI clarifies Murali’s investment

Though it had been reported recently that renowned cricketer Muttiah Muralitharan was to soon set up the first aluminium beverage can manufacturing plant in Sri Lanka with an investment of USD 63 million, a Sri Lanka Board of Investment (BOI) official who wished to remain anonymous told www.adaderanabiz.lk that this report needs to be corrected….

(0)Comments | April 8, 2015 4:20 pm