Four globally renowned speakers will come together in July this year, to enthrall the region’s corporate hierarchy at the 2016 Strategy Summit organized by the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka). Dr. Sunil Erevelles, Martin Roll, Sam Dias and Omid Ghamami will help corporate leaders in Sri…
Central Bank has announced the plans to sell US$ 250 million worth of development bonds to foreign and local investors. The Public Debt Department of Central Bank will issue US$ 250 million in Sri Lanka Development Bonds of 1 year and 7 months, 2 years and 7 months, and 4 years tenor to eligible investors…
In an effort to attract tourists from far east, the Sri Lankan Tourism Promotion Bureau, the Sri Lankan Embassy and related companies hosted a travel road show in Seoul in South Korea earlier this month. The road show of Sri Lanka Tourism ended with success on 7 June, 2016. Sri Lanka Tourism and the representatives…
‘Sri Lanka Economic Summit 2016,’ organized by the Ceylon Chamber of Commerce has lined up a top panel of experts from both the public and the private sector to discuss opportunities existing for Public Private Partnerships (PPPs) in the country. The panel discussion, titled ‘Private Public Partnerships – Getting Them Done, Getting Them Right,’ will…
The Board of Investment of Sri Lanka has entered into 37 new investment agreements during the period of April – May 2016. The total estimated investment would be around US$ 579 Million while generating 6000 direct employments opportunities. Mr.Upul Jayasuriya Chairman signed the Agreements on behalf of the BOI. These projects cover a range of…
Sri Lanka Telecom Mobitel, the National Mobile Telecom Service Provider, announced today that it has successfully trialed 4.5G LTE-Advanced Pro Technology which is capable of achieving speeds exceeding 1 Gbps. Having launched the first Super-3.5G HSPA network in South Asia in December 2007, and subsequently trialed HSPA+, MIMO (Multiple Input Multiple Output) in 2009, another…
Greensboro-based yarn maker Unifi Inc. said Thursday that it is adding a new division in Sri Lanka to expand the global availability of Repreve recycled fiber. The new division, called Unifi Textiles Colombo Private Limited (UTCL), will be based in Colombo, Sri Lanka, and is expected to begin operations by the end of the third…
Associated Motorways (Private) Limited, official distributor for Suzuki cars, has launched the new Alto at LKR 20.15 lakhs (Rs 9.33 Lakh) in Sri Lanka. Last month, Maruti Suzuki launched the updated Alto 800 in India at Rs 2.49 lakh. The new Alto will be available in four variants – Lxi, Lxi(O), Vxi and Vxi(O). The…
Sri Lanka established yet another milestone on the region’s Broadband Technology landscape today with an exposition of South Asia’s first 4.5G demonstration featuring download speeds in excess of 1Gbps (Gigabits per Second). The ground breaking technology capability test was carried out on the Huawei Technologies’ LTE infrastructure of Dialog Axiata, the country’s leading 4G Network…
Reuters – Sri Lankan shares edged up on Friday from a more than seven-week closing low hit in the previous session as investors picked up beaten down shares of companies such as conglomerate John Keells Holdings Plc . The gains were however capped by concerns over a government proposal to reintroduce capital gains tax, brokers…
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