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Maritime sector contributes 2.5% to the national GDP

Maritime sector combined contributes less than 2.5% to the national GDP, this is not a satisfactory number. The government would want the maritime sector to contribute at least 6% of GDP by 2030. The Minister of Ports and Shipping and the Ministry has set a target for Colombo to be within the top 20 container…

(0)Comments | August 28, 2016 12:20 pm

Sri Lankan stocks end at 2-wk low;, diesel duty hike hurts

Reuters – Aug 26 Sri Lankan shares ended at a two-week low on Friday in moderate volume as investors booked profits, while an increase in excise duty on diesel dragged on Lanka OIC, pulling down the overall index. Sri Lanka’s finance ministry on Friday said it had increased the excise duty on diesel by 10…

(0)Comments | August 27, 2016 3:25 pm

Singapore trials driverless taxis in world first

AFP – The world’s first driverless taxis went into operation on Thursday in Singapore in a limited public trial, beating giants like Uber in the race to roll out the revolutionary technology. The “robo-taxi service” is being tested at a small research campus well away from the thrum of the Asian business hub. Data from…

(0)Comments | August 26, 2016 5:47 pm

Spa Ceylon Opens in Hyderabad. Karachi Next!

‘Spa Ceylon’ the world’s leading Luxury Ayurveda brand, continues to expand its global foot print and has just opened a grand 4000 square feet store & spa in the prestigious Jubilee Hill area in Hyderabad, India. The glamorous opening ceremony was attended by a host of celebrities led by the beautiful Catherine Tresa, one of…

(0)Comments | August 26, 2016 4:56 pm

Sri Lanka wants Indian subcontinent firm involved in $400 million port contract

Sri Lanka is seeking a consortium that must include a company from the Indian subcontinent to bid for a $400 million contract to build a port terminal, the ports minister said on Thursday. The move to include an Indian subcontinent firm could neutralise growing Chinese influence in Colombo’s port. Arjuna Ranatunga, Sri Lanka’s ports minister,…

(0)Comments | August 26, 2016 12:37 pm

SriLankan Airlines’ flight schedule changes due to BIA runway work

SriLankan Airlines wishes to advise its valued customers of changes to its schedule over a three-month period commencing from 06th January 2017 to 06th April 2017, due to the closure of Colombo’s Bandaranaike International Airport from 0830 hours to 1630 hours each day for maintenance work on the runway. The following flights have been cancelled….

(0)Comments | August 26, 2016 11:11 am

Tourism Promotional Event ‘A glimpse of Sri Lanka’

The Sri Lankan Embassy in Stockholm, together with the staff conducted a tourist outreach, promotional event “A glimpse of Sri Lanka” at the Wallenbergs Torg, Stockholm, and an open air venue located at the city centre on the 13th of August 2016. This central location made it convenient for the city dwellers, tourists visiting Stockholm,…

(0)Comments | August 26, 2016 10:25 am

Sri Lankan stocks end steady; turnover moderate

Reuters – Aug 25 Sri Lankan shares ended steady on Thursday in moderate trading volume as local buying boosted by positive sentiment was offset by foreign outflows and selling for month-end settlement. Sentiment has been positive after the authorities started to take some bold steps to counter a balance of payments and credit problem. Sri…

(0)Comments | August 26, 2016 9:28 am

President gifts latest Singer X Series laptops to top 12 G.C.E O/L level students

Singer helps education in Sri Lanka Singer Sri Lanka PLC, the country’s premier consumer durables retailer, has stepped forward to inspire high-achieving students and thereby boost education in the country by providing the latest Singer X Series laptops to top 12 students who excelled in last year’s G.C.E. Ordinary Level examination. The laptops were handed…

(0)Comments | August 26, 2016 9:17 am

SLT to transform your home into a 'SmartHome', office into a ‘SmartOffice’.

– Extend your SLT Broadband, Wi-Fi AND PEO TV connection within premises through internal electrical wiring. – IoT (Internet of Things) Technology enabled devices anywhere in the home/office can be set up via home/office Wi-Fi network. SLT introduced ‘Powerline Adapters’ to expand the coverage of Broadband Internet, Wi-Fi and PEO TV via a home or…

(0)Comments | August 25, 2016 3:34 pm

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