UPFA Parliamentarian Wimal Weerawansa told Parliament this morning that utilizing the Mattala International Airport to store paddy is a crime and that if storage space in needed paddy could be stored in Parliament when it is not in session. Responding to this statement, Prime Minister Ranil Wickremesinghe said he is prepared to grant a debate…
India’s largest telecoms firm Bharti Airtel has revived plans to sell its Sri Lanka and Bangladesh operations and has appointed two bankers to conduct the sale. The move is part of the company’s plan to consolidate its operations, reduce debt and get out of unproductive, low-margin business. Sources have told CNBC-TV18 that Etisalat and Orange…
Embark, entrepreneur philanthropist Otara Gunewardene’suniquefashion brand with a cause, has forayed into independent retail with the opening of its first standalone store in Sri Lanka in the picturesque Galle Fort. With a completely new look, the 5,500 square foot vibrant Embark store at 33, Lighthouse Street brings to life the pooch-inspired themes of the brand…
Austrian Airlines will begin a once-a-week direct flight to Sri Lanka beginning 27 October 2015 and direct flights between the two country resumes after eight years, said Civil Aviation Services Director General H.M.C. Nimalsiri. This would benefit Sri Lanka’s tourism industry since some 8.5 million Austrians prefer to experience the coastal region tourism. During 2014…
Chulaka Gunawardene alias Deepthi Perera, the one-time Chairman and main shareholder of the financially crisis ridden Central Investment & Finance Limited PLC (CIFL) who was out of the island for some time has been arrested by the Criminal Investigation Department (CID) after he arrived in Sri Lanka, was produced before courts where the Colombo chief…
Laugfs Gas PLC has set up a wholly owned subsidiary, Laugfs Terminal Limited and has entered into a business venture and lease agreement with the Sri Lanka Ports Authority to lease a four hectare extent of land within the Magam Ruhunupura Mahinda Rajapaksa Port in Hambantota to set up a Liquified Petroleum Gas (LPG) storage…
Mohan Ratwatte has been appointed Chief Executive Officer of Blue Diamond Jewellery Worldwide PLC with effect from 05 August 2015. He has been in the plantations sector and possesses some 24 years experience. Below is a brief resume of Mohan Ratwatte:
Kandy the last hill capital of Sri Lanka is transforming into the next best investment destination in the country. The highly anticipated Colombo-Kandy Expressway commenced last week with an ambitious target set by the Prime Minister to be completed by the end of 2017. Travel time from Colombo to Kandy will be reduced from a grueling…
Sri Lanka’s IT sector has seen an exponential revenue growth of 238% in the last 7 years, according to the Sri Lankan IT/BPM Industry 2014 review, transforming the country into a globally recognized outsourcing location. The rapidly growing highly skilled, English speaking talent pool with 90 percent secondary school enrollment, favorable policy framework and attractive…
JAMES Packer and Mariah Carey were snapped backstage at a Las Vegas concert enjoying a private moment, the US songstress wearing a $500,000 necklace Packer had splashed out on. The photo was taken in Las Vegas moments after Mariah Carey told her fans of her “new heart”. The 45-year-old mega star looked elated after dedicating…
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