With an aim to boost trade and further strengthen eBay’s reputation as a global leader in retail exports, eBay has signed a master agreement with HelloCorp (Pvt) Limited to launch its cross border trade operations in Sri Lanka. The tie-up will allow merchants from Sri Lanka to export their products to over 39 countries where…
Backed by an experienced consortium of founders, the recently launched online platform www.crowdisland.lk aims to bring together talented entrepreneurs and quality investors to make crowdfunding a reality for Sri Lankan start-ups and SMEs. Dr. Harsha De Silva, Deputy Minister of Foreign Affairs of the Government of Sri Lanka, graced the official launch of Crowdisland as…
Online job recruitment in Sri Lanka is a hassle. Yet offline job recruitment is expensive. This conundrum has long frustrated employers in Sri Lanka. The cost of online recruitment is only about 10% of the cost of an offline option, something many startups with shoestring budgets cannot afford. One year after commencing operations in Colombo,…
Few hotels in Sri Lanka are able to capture their architectural legacy and rich historical heritage as Mount Lavinia Hotel. Celebrating a momentous 210 years, the Hotel recently announced its first bespoke event titled ‘Words on the Mount’ to be held in July 2016. The iconic hotel has gained fame and international repute for continuously…
Foreign Investors taking part in the upcoming ‘Sri Lanka Investment & Business Conclave 2016,’ has shown a keen interest to explore a diverse areas of businesses in the country, with the biggest interest going into the areas of infrastructure development, export manufacturing and agriculture. Out of over 70 overseas investors registered so far, 19 investors…
The UN General Assembly declared 2016 the “Year of Pulses” with the intent of raising public awareness on the nutritional benefits of pulses as a part of sustainable food production aimed towards food security under the theme of ‘Nutritious Seeds for Sustainable Future’. IYP (International Year of Pulses) promotes the consumption of pulses to attain…
Integrated infrastructure and engineering solutions provider MTD Walkers PLC announced its results for the third quarter of 2015/16 today posting revenue of LKR 2.7 billion. The Group has managed to increase its gross profit margin to 25% from 16% in the third quarter last year in what continues to be a tough year for the…
Dialog Axiata PLC announced today (Wednesday 17th February 2016), its consolidated financial results for the year ended 31st December 2015. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”) post-consolidation with subsidiaries Dialog Broadband Networks (Pvt) Ltd (“DBN”), and Dialog Television (Pvt) Ltd (“DTV”). The Group…
A military base in Djibouti along with major port development projects in Myanmar and Sri Lanka are defining the contours of China’s Maritime Silk Road—an oceanic connectivity project, of which, the Indian Ocean is the core. Reuters is quoting Ismail Omar Guelleh, Djibouti’s President, as saying that China will soon commence work on the naval…
World-renowned speaker Prof. B. Mahadevan is in Sri Lanka on the invitation of the Business School of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), to conduct several programmes for the corporate leadership in the country. Prof. Mahadevan was the guest speaker at the CA Sri Lanka CEOs’ Breakfast Forum on “Inspirational…
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