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In Business
September 8, 2016 11:59 am gmt |
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1564
SriLankan Airlines said it has launched a 24-hour Global Contact Centre which will further enhance levels of service for all its worldwide customers and members of its frequent flyer programme. Ajith Dias, Chairman of SriLankan Airlines, said: “We have sharply enhanced our focus on the needs of our c...
In Business
September 7, 2016 11:39 am gmt |
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1411
Dealers have said the Srilankan rupee edged up yesterday (06th Sep). Dollar sales by exporters and banks on behalf of foreign investors to buy Government securities have also helped the currency amid a lack of demand from Importers for the greenback. According to the currency dealer, there is also so...
In Business
September 5, 2016 11:10 am gmt |
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1422
HSBC will now allow customers to verify their identities when opening an account by taking a selfie, reports Business Insider. Much like apartment-sharing app Airbnb, the bank will give customers the option of taking a headshot on their phone to complete an ID security check as part of the company...
In Business
September 3, 2016 12:15 pm gmt |
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1524
Sri Lanka’s Dialog Axiata, announced the launch of VoLTE (Voice over LTE), enabling ultra-high quality voice and video calls over its 4GLTE Networks. VoLTE will be available at all locations covered by Dialog’s mobile 4G network in Sri Lanka, the company said in a statement. “The technology represent...
In Business
August 31, 2016 10:55 am gmt |
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1274
Central Bank Governor Dr. Indrajith Coomaraswamy said Sri Lanka’s growth expectation for this year is about 5 to 5.5 percent as things stand. Mr. Coomaraswamy said no additional foreign borrowings are expected for this year. “We don’t anticipate any additional external borrowings for this year apart ...
In Business
August 30, 2016 8:48 am gmt |
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1600
The proposed project to set up a Volkswagen car plant in Sri Lanka has temporarily been halted, Deputy Minister of Public Enterprise Development Eran Wickramaratne said. “Due to the international issues they had to face, they have decided not to invest in this project in Sri Lanka for now,” Wickramar...
In Business
August 29, 2016 12:10 pm gmt |
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1341
The EXIM bank of China has agreed to fund civil work construction of the proposed Ratnapura Expressway (73.9 kilometers) from Kahathuduwa interchange on the Southern Expressway to Pelmandulla, a statement said. “Feasibility studies, preliminary design and environmental impact assessment are being car...
In Business
August 24, 2016 12:36 pm gmt |
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1265
Data from July indicates Sri Lanka’s tourist arrivals showing new momentum, with arrivals expanding by 19.1 percent y-o-y, the Oxford Business Group said in an economic note. Sri Lanka saw a sharp rise in tourism arrivals in the first half of the year, with inbound traffic up 16.7 percent year-on-yea...
In Business
August 23, 2016 12:45 pm gmt |
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1269
Sri Lanka’s Prime Minister Ranil Wickremesinghe told Parliament today (Aug 23) that a Chinese bank has agreed to set up their South Asian branch here in Sri Lanka. “China agreed to set up the branch here in Colombo at the proposed financial city,” Wickremesinghe said. Prime Minister said the concept ...
In Business
August 19, 2016 8:48 am gmt |
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1303
Sri Lanka’s Janashakthi Insurance says it has launched their latest campaign to capture the innovative minds of today’s youth – the ‘Janashakthi Full Option Appathon’, the Next Gen Smart Tech Challenge. The team-based challenge will have youth competing for the one million rupee prize by proposing an...
In Business
August 18, 2016 9:45 am gmt |
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1330
Sri Lanka’s Ministry of Telecommunication and Digital Infrastructure and Huawei have signed a Memorandum of Understanding on information communication technology cooperation in China recently. “We will accelerate the local ICT talent development and this year, we will also establish a Customer Soluti...
In Business
August 17, 2016 6:30 am gmt |
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1309
Sri Lanka vehicle registrations in July fell in almost every category compared with June, JB Securities said in a research note. Buses and heavy truck registrations however showed an increase over the previous month. Motor car registrations in the July were 2,489 units, down from 3,026 units the prev...
In Business
August 16, 2016 7:53 am gmt |
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1373
Dealers said that the Sri Lankan rupee was already on Monday (15th Aug) as dollar sales by exporters were offset by importer demand for the greenback in dull trade. The spot rupee traded steady at between 145 rupees and 50 cents to 145 rupees and 55 cents per dollar, little changed from Friday’s clos...
In Business
August 14, 2016 10:44 am gmt |
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1601
Nestlé Lanka PLC has recorded a revenue of LKR 19 billion for the first six months of the year, posting a growth of 7.4% and a net profit of LKR 2.5 billion. The Company faced stiff cost challenges including adverse exchange rates, the impact of which was minimised through efficient cost optimisation...
In Business
August 10, 2016 6:42 am gmt |
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1250
The Ceylon Chamber of Commerce is calling applications from corporate firms to complete in the “Best Corporate Citizen Sustainability award 2016”. This is an annual competition which recognizes the corporate sustainability practices. It focuses on all stakeholders of the company ranging from employee...
In Business
August 9, 2016 12:12 pm gmt |
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1250
Sri Lanka’s government says that as the island embarks on a journey of transformation to become a digitally enabled and empowered society, the importance of having a robust fixed-broadband base to build upon is critical. “We strongly believe that this is indeed the ripe time to accelerate broadband d...
In Business
August 8, 2016 11:30 am gmt |
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1460
The Sri Lankan rupee traded slightly weaker in dull trade on Monday (8th Aug) due to mild importer dollar demand in the absence of central bank intervention, dealers said. The rupee gained last week as foreign investors sold dollars to buy local shares, expecting better profits from corporate on hope...
In Business
August 6, 2016 10:35 am gmt |
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1302
Amazon.com Inc debuted its first branded air cargo plane during the annual Boeing Seafair’s Air Show on Friday (August 5) in Seattle, Washington. Amazon leased several Boeing 767 widebody freighter aircraft to handle more of its own deliveries in the United States. Amazon, which relies on carri...
In Business
August 5, 2016 12:38 pm gmt |
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1511
As a further policy measure to develop the government securities market, the Central Bank from today has commenced releasing summary trading statistics on actual trading of government securities in the secondary market. From August 1, 2016, all primary dealers have been required to undertake inter-pr...