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Litro Gas denies Bandula’s allegations

The Litro Gas Lanka Ltd on Wednesday (29) denied allegations that the government has signed a MoU with Shell Gas Ltd to purchase Gas at US D 105 per MT, contrary to international tender procedures. This allegation was leveled by former Minister Bandula Gunawardena. He also alleged that the Government has approved the privatization of…

(0)Comments | July 29, 2015 1:03 pm

Apple 'fake factory' raided in China

A factory which allegedly made up to 41,000 fake Apple iPhones has been raided in China, with nine arrests. The operation reportedly involved “hundreds” of workers repackaging second hand smartphone parts as new iPhones for export, with counterfeit phones produced worth 120m yuan ($19m). The factory was discovered on 14 May but was revealed on…

(0)Comments | July 29, 2015 12:53 pm

SriLankan combines cash and miles for dream holiday from FlySmiLes

FlySmiLes frequent flyer programme of SriLankan Airlines, with its newest cash plus miles offer, gives its members the opportunity to explore SriLankan’s directly operated destinations for attractive fares. The offer, valid for bookings till August 15, 2015 for travel from September 1- October 31, 2015, gives FlySmiLes members the chance to combine their FlySmiLes miles…

(0)Comments | July 29, 2015 11:05 am

Sri Lanka ties with Google for Internet beamed from balloons

Sri Lanka teamed up on Tuesday with Google to bring high-speed Internet access to the island using balloons, aiming to become the first country in the region with complete coverage. Foreign minister Mangala Samaraweera said officials signed an agreement with Google in the capital Colombo to launch the helium-filled, high-tech balloons above the Indian Ocean…

(0)Comments | July 28, 2015 7:04 pm

SLSBC organizes top Business Delegation to Singapore

The Sri Lanka – Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce will be organizing a Trade and Investment Promotion Mission to Singapore from 29th July – 1st of August 2015. The mission is planned to coincide with the IE-SBF Seminar on Business Opportunities in Sri Lanka followed by One-to One Business Meetings…

(0)Comments | July 28, 2015 6:47 pm

Colombo stocks brush off losses made on previous session

Colombo equities brushed off losses made on previous session as blue chips helped lead the market higher on Tuesday. After the hesitant start, the ASI recouped and touched a high of 7,275.45 before settling at 7,261.07 with a gain of 13.84 index points or 0.19%. S&P SL 20 index edged high by 10.22 index points…

(0)Comments | July 28, 2015 6:38 pm

Professional job opportunities soar in the healthcare sector – Everjobs Career Report

For finance and human resource professionals, the job doesn’t get much better than this. A recent Everjobs career report showed accounting and auditing, human resource and administrative job roles to be in high demand, especially in the rapidly expanding healthcare sector of Sri Lanka. It also revealed an emerging demand for project management specialists. The…

(0)Comments | July 28, 2015 1:16 pm

Consider this before trying to learn – Video interview

It is not since recently that there are talks of Sri Lanka’s education system being changed. Though this has been discussed to a long time, still we are experiencing this very same outdated education system. These are the views of Sri Lanka Shippers’ Academy’s Chief Executive Officer Rohan Masakorale during his discussion with

(0)Comments | July 28, 2015 11:20 am

Emirates to fly double daily to Lisbon

In response to strong demand, Emirates has confirmed it will start operating a second daily service to Lisbon, Portugal from 1st January 2016. Timed to maximise a wave of new global connections to Lisbon, the second daily flight will offer travellers a convenient afternoon flight from Dubai to Lisbon helping to link customers in Australasia,…

(0)Comments | July 28, 2015 11:01 am

BOI Signs Agreement with International Investor to Revive the Kantale Sugar Factory

The Board of Investment signed an investment agreement with M G Sugars Lanka (Pvt) Ltd for revival and restructuring of Kantale Sugar factory. Shri Prabulingeshwar Sugars and Chemicals Ltd, Bangalore an experienced group of companies engaged in sugar cane cultivation, sugar manufacturing, co-generation of power plants and dairy industry will be the technical partner for…

(0)Comments | July 28, 2015 10:18 am