Category: Other
USNS Fall River to arrive Hambantota Port for goodwill mission
The Embassy of the United States of America welcomes the U.S. Pacific Fleet and its transport ship USNS Fall River for the first-ever Pacific Partnership goodwill mission to Sri Lanka March 6-18. Working side-by-side with the Sri Lanka Navy and local organizations in the Hambantota region, this multinational effort includes free community health clinics; school […]
Sri Lanka Foreign Minister takes part in IORA Ministers Meeting
Minister of Foreign Affairs, Mangala Samaraweera is attending the Ministerial Meeting of the 20th Anniversary of the Indian Ocean Rim Association (IORA) taking place today, on 06th March 2017, in Jakarta, Indonesia. The meeting is being held on the theme of “Strengthening maritime cooperation for a peaceful, stable and a prosperous Indian ocean region”. Speaking […]
Easy solution for paying parking fees with new App
As the population of Colombo increases daily, the congestion on the roads is on a rise. With this, there’s a lingering need for an effective vehicle parking management system. Tenaga Car Parks, the pioneer in providing parking and traffic management solutions in Sri Lanka presents to you the ultimate solution with the launch of their […]
Sri Lanka Participates in SATTE Travel Exhibition in New Delhi, India
(PRESS RELEASE) – Forty seven Sri Lankan companies, Sri Lanka Tourism Promotion Bureau and Sri Lankan Airlines participated at the South Asia Travel & Tourism Exchange (SATTE) 2017 which is one of the largest travel and tourism exhibitions held in India. Galadari Hotel, Hilton Hotel, Kingsbury Hotel, Jet Wing Travels (Pvt.) Ltd., Aitken Spence Travels, […]
Data science enthusiasts gather for 4th Colombo big data meetup
The fourth session of the Colombo Big Data Meetup was held at VirtusaPolaris recently, where industry professionals discussed the latest findings in Big Data tools and technologies. Samudra Kanankearachchi, Software Architect/Data Science Specialist 99X Technology, presented on the topic, “Forecasting Seasonal Effects in Business Data (Time Series Modeling) Using Microsoft Azure Machine Learning Studio”. He […]
CCC releases note to help businesses adjust to trade liberalisation
The Ceylon Chamber of Commerce today released a document containing recommendations on helping Sri Lanka’s industries prepare for trade liberalization. The policy brief titled, ‘Building Resilience, Supporting Growth: Preparing the Domestic Private Sector for Trade Liberalization’, provides insights on how to consider the types of firms, as well as types of impacts, in a wide-ranging […]
DFCC partners with AIA to offer new Bancassurance solutions
DFCC Bank recently entered into an exclusive long-term Bancassurance partnership with renowned insurance service provider, AIA. The partnership will offer all of DFCC’s customers, access to a range of innovative savings options, insurance policies and services. Customers will also be able to gain from AIA’s wealth of experience and expertise in providing state-of-the-art insurance solutions […]
‘s NITF gets reinsurance cover for agriculture
Feb 17, 2017 (LBO) – Sri Lanka’s National Insurance Trust Fund says they have procured a reinsurance program for its agriculture insurance schemes. “This reinsurance programme will provide support to agricultural insurance schemes funded by NITF including the recently launched National Agricultural Loan Protection Scheme,” NITF said in a statement. “The cover has been arranged […]
Softlogic Holdings turnover crosses Rs. 45 Bn, up 9.9-pct
Earnings Review – Group’s cumulative turnover crossed Rs. 45 Bn (up 9.9%) for period ending 31 December 2016 while the quarterly revenue improved marginally to Rs. 15.7 Bn. This slow growth was primarily due to the Group’s substantial downsizing of ‘Nokia’ operations. – Consolidated Gross Profit increased to Rs. 4.7 Bn during the second quarter […]
Piramal Glass Ceylon turnover crosses Rs5bn in 9 months to Dec
For the nine months ended 31st Dec,2016 the overall turnover crossed Rs.5 Bn mark. The total Turnover showed a growth of 6% from Rs 4,817 Mn to Rs 5,108 Mn. This was contributed by 7% growth in domestic sales from Rs 3,888 Mn to Rs 4,149 Mn & 3% increase in export sales of Rs […]
How new visa changes can influence Sri Lanka’s real estate market
Five years ago, Sri Lanka’s government imposed stricter rules on visa requirements. This happened as part of an on-going process to improve administrative procedures following the end of the war in 2009. Since the new visa laws were proposed, a new government has come into power. What impact do the new visa requirements and this […]