After the last boat registration issue was resolved several months ago, the SLA yacht finally launched with several successful whale charters. Two new areas were identified with large Blue Whale aggregations due the Sri Lanka Aggressors ability to travel hundreds of Nautical Miles over a 7 day charter trip. The new dispute has arisen over…
Shangri-La Hotels and Resorts announced the appointment of Timothy Wright, as Vice President & General Manager and Chris McFall, as Director of Sales & Marketing, for Shangri-La Hotel, Colombo due to open during the second half of 2017. The hotel will be the second property in Sri Lanka for the leading Asian hospitality group, joining…
LAUGFS Maritime Becomes the First to Register a Ship at Hambantota Port LAUGFS, one of the largest diversified conglomerates in Sri Lanka, is set to mark another monumental milestone by being the first to register a vessel at the Hambantota Port. The announcement was made together with the purchase of another LPG vessel under LAUGFS…
Records 77% sales volume growth in 2016 Huawei, a leading smartphone brand in Sri Lanka, announced that Singer Sri Lanka, the exclusive national distributor for Huawei smartphones, has successfully surpassed Rs. 1 bn Huawei smartphone sales generated solely inthe month of December 2016. As a trusted, state-of-the-art brand amongst the general public, Huawei together with…
Ravi Karunanayake has won the Finance Minister of the Year award for Asia-Pacific for his efforts to steer Sri Lanka into a new era of economic reform and a change of mindset. Crucially, Mr Karunanayake secured a $1.5bn International Monetary Fund (IMF) loan programme that the country needed to avoid a balance of payments crisis,…
MANIPAL: Manipal Assisted Reproduction Centre (MARC) at Kasturba Medical College and Hospital, Manipal signed a memorandum of understanding with Apeksha IVF and Research Center, Sri Lanka for treatment and research and development programmes at Kasturba Hospital on Monday. The MoU will help Sri Lankans with fertility problems as MARC offers a wide range of treatment…
Reuters – Jan 9 Sri Lankan shares were little changed on Monday after hitting a nine-month low last week as uncertainty over the government’s monetary and budget policies continued to weigh on the market. But foreign investors were net buyers on Monday for a second session after five straight sessions of net-selling through Thursday. They…
German carmaker, Volkswagen has announced a significant recall of around 50,000 cars, which it has sold in the Chinese market. The recall has been issued for its two models, Beetle and Golf, owing to a problem regarding the braking of the cars, while the cruise control is engaged. The vehicles which have been included in…
Introduction of ‘Commercial Mediation’ will offer Sri Lanka’s business community an optional dispute resolution mechanism in addition to litigation and Arbitration, both of which are riddled with delay and expense. Mediation, if practiced in strict compliance with its intrinsic principles offers a process that will hopefully be devoid of those evils, said Mrs. Dhara Wijayatilake,…
The smooth functioning of SriLankan Airlines’ codeshare partnerships in the Western and Central European region contributed in a significant manner to the growth of tourist arrivals to Sri Lanka in 2016, which expanded by 14% and crossed the 2 million milestone. SriLankan made a significant change in strategy in the fourth quarter of 2016 by…
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