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Features

Austrian flights to Sri Lanka after eight years

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…

(0)Comments | August 26, 2015 1:44 pm

Former Chairman of bankrupt CIFL arrested

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…

(0)Comments | August 12, 2015 5:28 pm

Laugfs Gas to set up LPG storage terminal at Hambantota port

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…

(0)Comments | August 11, 2015 6:46 pm

Mohan Ratwatte on top of Blue Diamonds

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:

(0)Comments | August 11, 2015 12:19 pm

Major Banks come forward to promote first Luxury Apartment development in Kandy – Dynasty Residence

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…

(0)Comments | August 8, 2015 5:12 pm

Project Managers and the Spirit of Leadership

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…

(0)Comments | July 26, 2015 2:35 pm

James Packer splashes out on $500,000 diamond necklace for new love Mariah Carey

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…

(0)Comments | July 25, 2015 1:58 pm

Central Expressway phase one begins

The first phase of the Central Expressway, from Colombo to Kandy has begun with the construction of the five kilometre stretch from Kadawatha to Meerigama. Its preliminary construction work has already commenced, says the government. Approval has been granted to award the contracts for the construction of the 32.5 kilometre stretch from Kossinna according to…

(0)Comments | July 23, 2015 7:35 pm

Perodua to export Axia by year-end

Perusahaan Otomobil Kedua Sdn Bhd (Perodua) is looking to export its latest energy efficient vehicle (EEV) Perodua Axia by third or fourth quarter this year, as it has stopped exporting Perodua Viva. “We are looking at exporting Axia to countries that we had previously exported Perodua Viva. For example, Mauritius, Sri Lanka and Brunei. But…

(0)Comments | July 13, 2015 4:41 pm

Otara launches Otara Foundation to spearhead Environmental Sustainability and Animal Welfare

Entrepreneur, fashion icon and animal lover Otara Gunewardene who exited the Odel business empire she founded and built to focus on matters closer to her heart, has set up a non-profit foundation dedicated to improving the lives of all animals, communities and the environment. The Otara Foundation (www.otarafoundation.com) brings together the passion and acumen of…

(0)Comments | July 13, 2015 12:48 pm