A rupture has been reported in a pipeline which carries crude oil to the Sapugaskanda Oil Refinery, reports recently outlined. However, the National Petroleum Corporation (NPC) had told reporters that the rupture is in the pipeline which carries oil from the oil vessel to the buoys and that officials have already been deployed to carry…
John Keells Holdings will be the first customer in Sri Lanka to host SAP S/4HANA on Azure Microsoft recently announced a strategic partnership with John Keells IT to accelerate John Keells Holdings’ Digital Transformation journey as well as enable them to build on this value proposition as a Partner across Asia and MENA. A big…
SriLankan Airlines wishes to inform all passengers, to arrive at the airport four hours prior to their departure time effective from Monday 18th June 2018. This is mainly due to a series of renovation work expected to commence shortly at the emigration counter areas at the departure terminal of the BIA. SriLankan Airlines would like to express…
BBC – US President Donald Trump has imposed 25% tariffs on $50bn worth of Chinese goods, accusing Beijing of intellectual copyright theft. The US will impose further tariffs if China retaliates, the White House said. The tariffs affect more than 800 types of products and are due to come into effect on 6 July. China…
Bloomberg – The rich are getting a lot richer and doing so a lot faster. Personal wealth around the globe reached $201.9 trillion last year, a 12 percent gain from 2016 and the strongest annual pace in the past five years, Boston Consulting Group said in a report released Thursday. Booming equity markets swelled fortunes, and investors outside the…
Ireland’s Dublin based telecom sector software vendor Openet that markets products used by telecommunications service providers to commercialize and analyze activity on their network through processing customers’ data, late May 2018 had announced that Sri Lanka Telecom (SLT), Sri Lanka’ ‘s state owned telecom operator, is extending their Openet Policy and Charging solution to support…
Nihal Hettiarachchi and Company, a leading Chartered Accountants’ firm, in affiliation with HLB International, London, hosted the “HLB International Asia Pacific Regional Conference” under the theme “Excellence through Unity”. It is held from 14th to 17th June 2018 at Shangri-la Hotel, Colombo. The delegates were given a preview of Sri Lankan culture through dance acts…
The U.S. Government’s Millennium Challenge Corporation (MCC) Managing Director for Europe, Asia, Pacific, and Latin America Caroline Nguyen visited Sri Lanka from June 11 to 13 to advance the development of the proposed MCC compact a large-scale five-year grant program. The U.S. government is developing this compact in partnership with the Government of Sri Lanka…
Sri Lanka’s footprint in global boats and shipping sector may be smaller, but Lankan exports in it continue to surge in strong numbers. As a result Sri Lanka is ambitiously positioning for $200 Mn boats and shipping exports by 2022. “Global ship and boat building industry has slowed down with less and less demand Due…
Reuters – Sri Lankan shares closed lower for a seventh straight session on Thursday, with turnover slumping to a more than three-week low, as investors sold diversified shares. The Colombo stock index ended 0.17 percent weaker at 6,337.88, its lowest close since Dec. 22. The index dropped 0.4 percent during the week, marking its fourth…
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