While change is buffeting the industrial manufacturing industry from a number of directions, the most disruptive changes will be those which manufacturers can and should make for themselves. Many of these manufacturers are already taking advantage of technologies like the Internet of Things (IoT) and as we head into 2020 will find themselves early adopters…
The Central Bank of Sri Lanka plans to engage with international agencies including the International Monetary Funds (IMF) remaining within the overall national policy framework, the CBSL governor said. “We hope to engage with the IMF and other international agencies remaining within the overall national policy framework, negotiating for changes in the IMF programme where changes are considered…
China Merchants Port Holdings (CMPort) and French Container Shipping Company, CMA CGM, entered into the Master Agreement which will see their jointly-owned business, Terminal Link, acquire an interest in 10 terminals owned by CMA CGM for $955 million. The terminals are Odessa Terminal (Ukraine), CMA CGM PSA Lion Terminal (CPLT) (Singapore), Mundra Terminal (India), Kingston…
The Monetary Board of the Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a period…
The New Year 2020 kicked off with a fresh start and good vibes for Sri Lanka, for the island destination bagged its first award of the year, as Asia’s best destination for Wildlife Tourism at Top Asia Corporate ball 2019, which was held in Shangri-La Hotel, Kuala Lumpur, Malaysia. Sri Lanka was ranked first for…
Xinhua – The Sri Lankan government’s aim to kickstart its economy in 2020 will be eased with the fruition of major infrastructure projects, Ajith Nivard Cabraal, senior advisor on economic affairs to Prime Minister Mahinda Rajapaksa, said here Thursday. In an interview with Xinhua, Cabraal, also a former Sri Lankan central bank governor, said that…
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, welcomed aboard the global media icon Richard Quest of CNN during his journey from London to Colombo recently. He also spent many memorable moments at the Airline’s Headquarters subsequently, exploring the operational areas and interacting with staff, thus gathering fascinating…
Sr. Prof. Sampath Ameratunge, the Vice-Chancellor of the University of Sri Jayewardenepura was appointed as the Chairman of the University Grants Commission by His Excellency the President Hon. Gotabaya Rajapakse a Thursday (02). Sr. Prof. Sampath Amaratunge being the twice appointed Vice-Chancellor of the University of Sri Jayewardenepura has taken the University to great heights….
Marketing professional Nushad Perera has been appointed as the Chairman of Lanka Sathosa, Sri Lanka’s largest state owned retail chain. Perera is a Fellow of the Chartered Institute of Marketing (FCIM), holds an MBA from the University of Leicester and is a much-decorated marketer, having been named ‘CIM Marketer of the Year’ in 2001 and…
Sri Lanka Sotheby’s International Realty has proved its resilience since it opened its doors for business in Sri Lanka in 2018, to coincide with the launch of Sapphire Residences, for which it holds an exclusive Marketing and Sales mandate. Despite facing strong headwinds due to the general downturn in the luxury property market, the company…
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