The Central Bank of Sri Lanka has revealed that 1,253,876 credit cards have been active in Sri Lanka by end August 2016. This is an increase of 27,056 when compared against the previous month’s record of 1,226,826. While the number of domestic dealing credit cards had dropped from 36,177 to 35,880 those used to make…
Kuwaiti Ambassador in Sri Lanka, His Excellency Khalaf Bu Dhhair says his country is willing to help Sri Lanka’s development plans with required investments. The envoy conveyed this when he made a courtesy call to the Ceylon Chamber of Commerce on Thursday, the 13th October, 2016 and held talks with Chairman, Mr. Samantha Ranatunga. “Kuwait…
The 36th Annual General Meeting of the Sri Lanka Association of Inbound Tour Operators (SLAITO) was held on 30th September 2016 at Anantaya Resort and Spa. During the AGM, Mr. Devindre Senaratne of Journescapes was reelected as the President of the Association, whilst Mr. Harith Perera of Diethelm, Mr. Nalin Jayasundera and Ms. Gayangi Wirasinha…
Hon. Dr. Rajitha Senaratne, Minister of Health, Nutrition and Indigenous Medicine experienced the Microsoft HoloLens at the Microsoft ‘Future of Healthcare’ showcase at the 24th Triennial Commonwealth Medical Association Conference in Colombo. The Microsoft showcase demonstrated a real life scenario of a heart patient and the process of receiving treatment and aftercare in partnership with…
Leveraging latest economic changes at home, India’s highly powerful multinational and industry grouping announced their direct support to Lankan SMEs and industries in an unprecedented offer on 12 October in Colombo. “Within India, there are so many economic changes that could be advantageous for Sri Lanka. What is important is that this is also a…
Three leading companies, Diesel & Motor Engineering PLC (DIMO), Sri Lanka Telecom – Mobitel and Prime Lands Group has come onboard to power the 37th National Conference of Chartered Accountants with gold sponsorships. The conference which will attract over 1500 participants next week will centre on the theme ‘Unleashed Thinking: Entrepreneurship and Intrapreneurship.’ The three…
Watawala Tea Ceylon – a subsidiary of Sunshine Holdings PLC – continued the rapid roll-out of its flagship premium Ceylon Tea brand ‘Zesta’ with its exclusive ‘Zesta Connoisseur Collection’, which is anticipated to reach all of Shangri-La’s 110 hotels and resorts around the world by the end of this year. Commenting on the invaluable international…
The Ambalantota branch of the Colombo Stock Exchange (CSE) was officially opened to the public by CSE Chairman Mr. Vajira Kulatilaka Friday (14). The branch located at No. 52, Hambantota Road, Ambalantota improves the CSE’s branch coverage and adds to branches in Matara, Kandy, Kurunegala, Negombo, Jaffna, Anuradhapura and Ratnapura. Initiatives driven through the CSE…
The Monetary Board, at its special meeting held on Friday, 14th October 2016, considered an interim report on the operations of primary dealers, including their financial performance during the year ended 31st March, 2016 as well as the five month period ended 31st August 2016. It noted with concern the sharp disparity in the performance…
There were reports yesterday (13 October) that steps have been taken to recall 50,000 of the popular 800cc motor vehicle model Renault KWID. Meanwhile, an inquiry by Ada Derana Biz regarding the Renault KWID which has recorded high sales in Sri Lanka, a spokesman for Associated Motorways Limited, the authorized agent in Sri Lanka for…
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