Mahendra Jayasekera, Managing Director of Lanka Walltiles and Lankatiles PLC, weighs in on the contribution of Lankatiles to the export economy as the only export brand from Sri Lanka to bear the country’s name, and its vision for the future. Q: Can you briefly recount to us the history of Lankatiles? A: As you know,…
The Ministry of Finance and Mass Media as envisaged in the Budget-2018 by the Minister Mangala Samaraweera has established a regulatory framework enabling the Sri Lankan companies to initiate Business to Consumer (B2C) direct E-Commerce transactions with overseas customers. Sri Lankan Customers do enjoy this B2C e-commerce facility via E-bay and other trading platforms but not…
The World Bank-funded Education Modernization Project will begin today under the patronage of Minister of Education Akila Viraj Kariyawasam.The World Bank has agreed to provide US$ 100 million on a concessionary credit facility for the Project to strengthen and modernize both primary and secondary education systems in the country. The project will be implemented during…
Softlogic’s Pathirage seeks out investors and touts Colombo as new Bangkok COLOMBO/TOKYO — Sri Lankan tycoon Ashok Pathirage remains bullish about his country’s consumer spending prospects, even as it endures a currency sell-off, and he is turning to foreign investors and contractors to build up his retail business. Softlogic Holdings, Pathirage’s hospitals-to-financial services conglomerate, recently…
Reuters – ** The Sri Lankan rupee fell to a record low of 171.80 per dollar on Friday as banks and importers bought the U.S. dollar, while stocks slid to a near five-year closing low in dull trade. ** The rupee dropped to an all-time low of 171.80 per dollar, surpassing its previous low of…
Reuters – Sri Lanka has reversed a decision to award a $300-million housing deal to China in favour of a joint venture with an Indian company, the government said, ahead of a visit by the prime minister to its South Asian neighbour. Prime Minister Ranil Wickremesinghe will meet his counterpart Narendra Modi on Saturday in…
Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, launched Voice over Wi-Fi (VoWiFi or WiFi Calling) service, that will enable users to make calls using a Wi-Fi network. The first to launch the technology in Sri Lanka, Dialog, will enable subscribers with VoWiFi supported handsets to connect to a Wi-Fi network, and make or receive…
Recent Cabinet Decisions the proposal made by Dr. Ranjith Siyambalapitiya, the Minister of Power and Renewable Energy, to award the contract for the construction of 100MW Wind Farm in the Southern coastal strip of the Mannar Island with the financial assistance of the Asian Development Bank, to M/s Vestas Asia Pacific A/S – Denmark and…
Latest Cabinet Decisions outlined that with a view to providing space to persons living in the Crow Island area of Mattakkuliya for their public activities, it has been proposed to construct a Multipurpose building adjacent to the Beach Park constructed therein, with the assistance of the World Bank. As such, the proposal made by Lasantha…
The latest Cabinet decisions noted that it has been planned to bring about a sustainable development in the Northern area by creating entrepreneurs equipped with information technology and generating new employment opportunities and income sources. As such, the proposal made by Malik Samarawickrema, the Minister of Development Strategies and International Trade, to set up a…
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