As the exclusive importer and distributor of Mercedes-Benz cars in Sri Lanka, Diesel and Motor Engineering PLC (DIMO) had conducted a five day inspection program where Technical Specialist for Daimler AG, Ashley Giles was present to perform thorough inspection of Mercedes-Benz S-Class Limousines (W222 series) and advice their owners on how to give the best…
Janashakthi Insurance PLC, a leading Insurance provider in Sri Lanka, partnered with the National Chamber of Exporters (NCE) for the recently concluded NCE Awards at the Hilton Colombo. This is the 24th consecutive year the awards have been held. The event, which has grown in prominence and stature over the years, is now Sri Lanka’s…
‘The Trail’ – a walk from Point Pedro in the north to Devundara or Dondra Point in the south, with the aim of establishing a cancer treatment unit at the Karapitiya Teaching Hospital in Galle, is currently in progress. While the initial walk under this project commenced in 2011, it was to establish a cancer…
Seoul (AFP) – Samsung Electronics has suspended production of its Galaxy Note 7 smartphone, a report said Monday, a month after a recall prompted by battery explosions and a day after two major overseas distributors halted replacements. Samsung, the world’s largest smartphone maker, declined to comment on the report by South Korea’s Yonhap news agency,…
EFL celebrated a significant milestone in cross border trade in the Indian subcontinent when its shipment for Marks & Spencer crossed over seamlessly to India from Bangladesh. This marked the first occasion a truck carrying cargo was allowed to cross over to India from Bangladesh without requiring the consignment to be unloaded and transferred to…
The 16th edition of the World Export Development Forum (WEDF) will be held on 12th and 13th October at BMICH in Colombo. The two-day forum is organized by the International Trade Center (ITC) in collaboration with the Sri Lankan Ministry of Development Strategies and International Trade, through the Export Development Board of Sri Lanka. WEDF…
A 14-member delegation from the German Asia Pacific Business Association (OAV) and the Indo-German Chamber of Commerce, from areas such as Garments, Mineral Exploration & Real Estate, Foreign Trade, Induction Technology, Transportation, Engineering and Chambers of Commerce together with German Ambassador to Sri Lanka Jörn Rohde called on Foreign Minister Mangala Samaraweera on 7th October….
Reuters – Sri Lankan stocks edged up on Friday, after two successive sessions of losses, but the trading volume slumped to a near three-week low as investors awaited direction from the budget and corporate earnings. The benchmark index of the Colombo Stock Exchange finished up 0.23 percent at 6,582.34. “Investors are still positive and the…
Senior Attorney-at-Law Sunil Abeyratne joined Ada Derana Biz 24×7 to provide an explanation on the legal aspects of the latest trend in e-Commerce. Despite the ignoring of certain traditional commercial practices during the latest electronic commercial activities, there have been no changes in the concepts of fundamental commercial laws, says Abeyratne. “While various activities are…
Sri Lanka will build a second refinery with a capacity of at least 100,000 barrels per day (bpd) in a tie-up with Indian Oil Corp, a top Sri Lankan official said on Thursday, a move that strengthens New Delhi’s engagement with Colombo. India has been vying for major projects in the island nation where China…
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