Riverbed Technology, the application performance company, has announced that Sri Lankan apparel exporter Brandix Lanka Ltd. has selected Riverbed SteelHead to address pervasive connectivity, low-bandwidth and latency issues, and accelerate its cloud-first strategy – an initiative aimed at speeding time to market, lowering OPEX and improving end-user experience through faster delivery of business-critical applications, including…
Sri Lanka’s revolutionary bank responsible for transforming the country’s economic and social sectors, People’s Bank, has yet again been awarded the ‘Best Banking Group 2016 – Sri Lanka’ and ‘Most Sustainable Bank 2016 Sri Lanka’ by the World Finance magazine at the World Finance Banking Awards for the year 2016, making it the consistently third…
CIMA Sri Lanka’s highly popular member engagement event, Tour de Colombo will be held for the 3rd consecutive year on Saturday 26 November at the Race Course Grounds. The Tour de Colombo is a team based competition which tests participants’ strategizing skills and mental prowess as they take part in activities in several locations around…
The second reading of the Appropriation Bill for year 2017 (Budget Speech) will be presented by the Finance Minster Ravi Karunanayake today in Parliament. The second reading will commence at 2. 00 p.m. The Bill titled “Appropriation” was tabled in the House by the Finance Minister on 20th October. According to Minister Karunanayake, this budged…
Importation of cinnamon to Sri Lanka is prohibited and considering the importance of reviewing the re-export procedure, to appoint a Committee of Officials to amend the ‘Temporary Importation for Export Processing’ procedure, was approved by the Cabinet of Ministers, said Minister of Parliamentary Reforms and Mass Media Gayantha Karunathilaka. Ceylon Cinnamon has been praised in…
A new immigration hall and electronic mall at the arrival lounge of the BIA will be built to cater to the increased number of arrivals. The proposal made by Nimal Siripala de Silva, Minister of Transport and Civil Aviation, to award the contract for construction recommended by the Standing Cabinet Appointed Procurement Committee, was approved…
Sri Lanka’s leading diversified conglomerate, Hayleys PLC recorded a sharp increase of 18% Year-on-Year (YOY) increase in revenue, with growth in Construction, Agriculture, and Hand Protection sectors supporting the Group to post revenue in excess of Rs. 52 billion by the end of the first half of 2016 (1H16). Profit Before Tax (PBT) during the…
Sales of Rs. 27.8 billion with 6.1% growth Net Profit of Rs. 3.5 billion Focuses on innovation and renovation, in line with Nutrition, Health and Wellness agenda Recognized for work done on positively impacting local communities, supporting economic development and delivering world class locally manufactured products Nestlé Lanka’s Managing Director, Shivani Hegde stated: “The steady performance…
Minister of Development Strategies and International Trade Mr. Malik Samarawickrama has called on professional organisations to take the lead in the journey towards shaping Sri Lanka’s future. Addressing the inauguration of the 37th National Conference of Chartered Accountants, Mr. Samarawickrama, who was the chief guest said that the world we are living in is very…
NDTV – Cash may no longer be king in India. The nation’s nascent digital economy stands to be the biggest beneficiary from its strongest crackdown on corruption since 1978. In a surprise announcement late Tuesday, Prime Minister Narendra Modi banned 500-rupee ($7.50) and 1,000-rupee notes effective midnight, sweeping away 86 percent of total currency in…
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