Sri Lanka Telecom (SLT), the national ICT Solutions Provider in the country was proud to announce that it is the Telecommunication Service Partner for the Colombo Lotus Tower project. SLT and the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) recently signed a Memorandum of Understanding (MoU) with regards to the project amidst a gathering of…
Watawala Tea Ceylon inks exclusive partnership with Shangri La, Asia’s leading luxury hotel group, regarded as one of the world’s finest hospitality players Watawala Tea Ceylon, a Sunshine Holdings Group company, announced its partnership with Shangri-La Hotels and Resorts to launch its premium brand – ‘Zesta Connoisseur’ teas – at 90 plus luxury properties of…
Reuters – Sri Lankan shares edged down on Monday as investor sentiment took a hit on continued foreign fund outflows and rising interest rates, brokers said. Investors were also concerned over a government proposal to reintroduce capital gains tax, brokers said. Overseas funds offloaded a net 137.8 million rupees worth of equities on Monday, extending…
Potential bidders for Colombo Bandaranaike Airport’s two duty free contracts now have until 7 July to prepare their submissions after the airport company extended the deadline from 23 June. Today airport company Airport & Aviation Services (Sri Lanka) responded to concerns over the terms of the concessions and the impact of future projects on the…
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…
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