Featured News

Arjuna Mahendran Sri Lanka’s new Central Bank governor

Ada Derana biz reliably learnt that Sri Lankan-born international banker Arjuna Mahendran has been appointed as the new Governor of the Central Bank of Sri Lanka. Governor Nivard Cabraal resigned last Friday (Jan 9) shortly before Maithripala Sirisena was sworn in as President and Ranil Wickramasinghe of the United National Party as Prime Minister. Mahendran…

(0)Comments | January 13, 2015 11:10 pm

New Sri Lankan government’s economic policies not clear enough, says Moody's

Sri Lanka’s credit worthiness will be decided on the economic development that the new government would be able to maintain in the future and the ability to manage its government debts, says prominent international rating agency Moody’s. Though the new President has come to power on the basis of reforming good governance, preventing bribery and…

(0)Comments | January 13, 2015 2:12 pm

Chithranganie Wagiswara is Sri Lanka’s new Foreign Secretary

While Mangala Samaraweera assumed duties as Sri Lanka’s new Foreign Minister this morning (13 January), a senior Foreign Service official Chithranganie Wagiswara was appointed as the new Foreign Secretary. President Maithripala Sirisena’s new government yesterday appointed United National Party parliamentarian representing the Kalutara District, Ajith P. Perera as the Deputy Minister of Foreign Affairs.

(0)Comments | January 13, 2015 1:38 pm

Celltick and Mobitel Partner to offer Interactive Home Screen Service to millions in Sri Lanka

Mobitel users to get high value services on the mobile homescreen San Francisco, California: Celltick, a global leader in mobile initiated commerce announced today that it has partnered with Mobitel, Sri Lanka’s National Mobile Service Provider to deliver an interactive high value location based service, based on its patented LiveScreen platform. The partnership will enable…

(0)Comments | January 13, 2015 10:33 am

Everest Group names Virtusa Emerging Player in PEAK Matrix™ for Large Capital Markets Application Outsourcing Relationships

WESTBOROUGH, Mass: Virtusa Corporation (NASDAQ GS: VRTU), a global business consulting and IT outsourcing company that combines innovation, technology leadership and industry solutions to transform the customer experience, announced it has recently been named an Emerging Player in large capital markets application outsourcing relationships by Everest Group, an advisory and research firm on global services….

(0)Comments | January 12, 2015 9:34 pm

‘Light Up Rotary’ Cycles its way celebrating the eradication of polio from Sri Lanka

Rotary District 3220, in line with their efforts towards a polio free Sri Lanka, recently announced their celebrations of being the 1st South East Asian country to be polio free. ‘Light Up Rotary,’ organized by the Rotary Club of Colombo Down-Town, was a fellowship and fund raising event held in order to create awareness and…

(0)Comments | January 12, 2015 9:29 pm

‘Kala Pola’ 2015 unfolds on Sunday 25 January in Colombo

Sri Lanka’s internationally acclaimed open-air Art Fair – Kala Pola – unfolds on Sunday, 25th January 2015 along Nelum Pokuna Mawatha in Colombo. Presented by The George Keyt Foundation in association with the John Keells Group, Kala Pola 2015 opens at 8.00 am and will continue for thirteen hours non-stop until 9 pm the same…

(0)Comments | January 12, 2015 9:20 pm

New President in Sri Lanka Puts China's Plans in Check

On a Sunday four months ago, a vessel pulled unannounced into Sri Lanka’s Colombo harbor: the Chinese Navy submarine Great Wall No. 329, which is designed to carry torpedoes, a cruise missile and a 360-pound warhead. Sri Lanka’s defense minister shrugged it off as an “operational goodwill visit.” But anxiety was already radiating as far…

(0)Comments | January 10, 2015 12:32 pm

First twenty five Happy Babies receive gifts from the Pears Floral Gift Land promotion

Unilever’s most trusted baby care brand, Pears, completed the Floral Gift Land promotion recently with the first twenty five winners of this competition receiving exciting gifts at a charming event held at the Unilever Sri Lanka headquarters. “We are really excited to have launched this promotion giving our customers the opportunity to win useful gifts…

(0)Comments | January 10, 2015 12:04 pm

Infrastructure Development from the Doers perspective highlighted by Engineering Professionals

The Sri Lanka Engineering Professionals’ Association (SLEPA) recently held a forum titled ‘The Doers Perspective of the Talkers Hot Topic: Infrastructure Development,’ at the Cinnamon Lakeside hotel in Colombo. The event which was attended to capacity was organized to present facts and data on development projects undertaken by the current government in order to counter…

(0)Comments | January 7, 2015 7:48 pm