Virtusa added 13,000 sq. ft of new office space to its Colombo facility as part of its ongoing expansion strategy to support the company’s growing headcount. The opening of the new space was graced by Chief Technology Officer (CTO) of Virtusa Corporation Ram Meenakshisundaram, Senior Vice President – Human Resources Rahul Sahay, alongside Virtusa Sri…
LOLC Advanced Technologies, a fully-owned subsidiary of LOLC Holdings, together with Brown & Company PLC, has introduced a revolutionary rice fortification technology to the local market, which locks in nutrients, vitamins, and phytochemicals within the rice kernel. The technology is a ground-breaking achievement that addresses the major drawbacks of currently available technologies for this purpose,…
US tech company has only 5% of smartphone sales but is expanding share rapidly in premium segment Financial Times – Tim Cook opened the first Apple Store in India on Tuesday, as the iPhone maker stepped up its battle with Samsung over the growing luxury smartphone market in Asia’s second-biggest economy. The chief executive’s visit…
Daily flights between Dubai and Toronto to offer over 6,800 seats per week on popular route; 40% increase in capacity to serve pent up demand Enhanced UAE – Canada air service agreement paves the way for economic opportunities and value creation for both nations; set to spur tourism and trade Following the breakthrough expanded air…
The Ceylon Chamber of Commerce successfully facilitated the adoption of 105 Suwa Seriya ambulances, valued at Rs.525 million rupees, to support Sri Lanka’s healthcare system. Suwa Seriya is a pioneering ambulance service launched by the Government of Sri Lanka to provide swift emergency medical care to those in need, especially in rural and remote areas….
The Chairman of Sri Lanka Ports Authority (SLPA) Mr. Keith Bernard met officials from the U.S. Department of Transportation on 6/04/2023 at the Chairman’s office at HQ Colombo. Officials of the U.S. Department of Transportation discussed on further collaboration between the U. S Department of Transportation and SLPA.The Chairman of SLPA Mr.Bernard at the discussions…
New Delhi: The Sri Lankan cabinet has given the go-ahead to amend the country’s civil aviation law to allow public-private partnerships in the aviation sector, a development that may open up opportunities for Indian companies. Sri Lanka may allow the participation of private companies in ground handling at the airports at the initial stage, said people familiar with…
Although all consumer indices remain pessimistic, the biggest gains were in future expectations suggesting the IMF funding agreement has lifted perceptions There was broad improvement in consumer sentiment in March, with all three of IHP’s Consumer confidence indices significantly improving, although all remain at pessimistic levels. The Index of Consumer Sentiment (ICS), the broadest measure…
Manufacturing PMI turned positive in March 2023, after nine consecutive survey rounds, recording an index value of 51.4. This month-on-month expansion was driven by the increase in New Orders and Production sub-indices mainly due to the seasonal demand. However, Employment, Stock of Purchases and Suppliers’ Delivery Time sub-indices remained below the neutral threshold. The increase in New Orders and Production…
Sri Lanka Tourism Promotion Bureau, in collaboration with the Embassy of Sri Lanka in the Republic of Korea and Sri Lankan Airlines, hosted a Media FAM Tour for 7 journalists belonging to 6 Media houses, namely BTN TV (Buddhist Television Network) , BBS TV ( Buddhist Broadcasting System ) , Arirang TV , Hyundai Bulgyo…
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