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…
Sunil Bharti Mittal, Founder and Chairman, Bharti Enterprises has been elected as the Chairman of the International Chamber of Commerce (ICC), which is amongst the world’s oldest and most respected global business organisations. He is the third Indian business leader to hold this prestigious position in ICC’s near -100 year history. Sunil Bharti Mittal takes…
The establishment of the Sri Lanka-German Training Institute (SLGTI), a landmark project initiated by German Development Cooperation (GIZ) in partnership with the Government of Sri Lanka, was announced at a press conference attended by Hon Mahinda Samarasinghe, Minister of Skills Development and Vocational Training and HE Dr. Juergen Morhard, Ambassador of the Federal Republic of…
Women’s Chamber of Industry & Commerce (WCIC) is calling for committed women entrepreneurs to apply for the prestigious ‘Woman Entrepreneur of the Year Awards’. In its 9th year, the awards ceremony will crown high flyers from a wide spectrum of industries in Micro, Small, Medium and Large categories. In addition, WCIC has ventured into new…
The Managing Director of Blue Ocean Capital, Prajith Balasubramanium joined Ada Derana Biz 24X7 to provide a wide explanation on the Venture Engine programme established with the intention of empowering entrepreneurs. Below is the full video interview:
Naveen de Silva, Director of Dwelling Group joined Ada Derana Biz 24X7 to explain how investments could be made in Australian property development projects. He explained in detail how one could invest in property development projects in Australia while still being in Sri Lanka and also how the returns could be brought back to Sri…
The proposed Western Region Megapolis Plan will be institutionalized through an act of parliament, in order to make sure it remains intact as a stable ‘national policy’ said Mr. Nayana Mawilmada, Head of Investment of the, US$ 40 billion worth megapolis project. Mawilmada revealed this, when he addressed the Main Committee of the Ceylon Chamber…
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