Category: Industry
Motherஸ்ரீ ලංකා celebrates 12 years of supporting local entrepreneurship
The Motherஸ்ரீ ලංකා (MSL) movement was started in 2008 by the Mother Sri Lanka Trust and its dynamic Chairperson Dr. Janaki Kuruppu and is a non-profit, independent charity using a unique operational model of private funding, public sector infrastructure and managed by a group of patriotic, dedicated passionate individuals from the public, private and non-profit […]
US-based Blackstone Group acquires 56.5-pct of Piramal Glass
US-based private equity major Blackstone Group has acquired a 56.5 percent stake of Piramal Glass Ceylon PLC. The acquisition price implies a total enterprise value of 13.9 billion rupees for the target company. Asia Securities Advisors (Pvt) Ltd. acted as the buy-side advisor and Asia Securities (Pvt) Ltd acted as the executing stockbroker to the […]
China-SL leaders agree to strengthen bilateral relations in all sectors
Port City & Hambantota port projects to be expedited … Continuous support to Sri Lanka in international fora … President invited to visit China again In a telephone conversation yesterday (29), President Gotabya Rajapaksa and the President of China Xi Jinping agreed to strengthen and enhance mutually beneficial bilateral cooperation in all fields. The Chinese […]
Dialog Axiata’s Genie reaches Rs.10Bn worth transactions by 2021
Powered by Dialog Axiata PLC (“Dialog”), Genie, Sri Lanka’s first PCI-DSS-certified payment app has cemented a major milestone moment on its journey in establishing itself as the biggest payment processing network in Sri Lanka through the achievement of over Rs. 10 billion worth transactions. With more and more customers falling reliant on smart devices, Genie […]
CEAT Kelani announces 125-pct increase truck bus radial tyre production
Phase 1 to see production increase of 65% Phase 2 to increase capacity by 125% by June CEAT Kelani Holdings has announced another significant increase in production that will more than double the number of Truck Bus Radial (TBR) tyres reaching the domestic market by June this year, further supporting the national effort to reduce […]
Cabinet approval to introduce a methodology to protect petroleum consumers
Sri Lanka’s cabinet has approved a proposal to sign a Memorandum of Understanding with the relevant government agencies in order to implement the draft “Declaration of Consumer Rights and Responsibilities” and “Procedure for handling complaints and resolving disputes”. It is proposed to establish an independent, transparent mechanism for receiving and resolving consumer complaints under the […]
United States partners with Sri Lanka Life Saving to promote water safety
The Sri Lanka Life Saving (SLLS) organization recently held a graduation ceremony for trainees who recently completed an intensive training conducted in partnership with the United States. The Beach Bronze Medallion workshop, which provided first-responder training and education for civilians at the SLS headquarters in Mount Lavinia Beach, was part of an effort by the […]
Where is Java used? Here are 5 real-world applications.
Java, Java everywhere! Thanks to its ubiquity, everyone’s heard of it – but few know exactly where and how it is put to use. Here, we give the lowdown on 5 key areas that depend on Java to function at peak performance, while offering users a high level of interactivity. Web and mobile applications. Java […]
Regulatory framework to develop boat building industry presented to implementing agencies
The regulatory framework to develop Sri Lanka’s boat building industry was officially handed over to the implementing agencies under the patronage of Minister of Trade, Dr.Bandula Gunawardena today (29), at the Trade Ministry. Speaking at the occasion, Minister Gunawardena remarked that it was imperative for Sri Lanka to pursue a strategy reliant upon product diversification, […]
Fake romance, influencer scams thriving on Instagram
Facebook-owned Instagram has seen a surge in frauds on its platform that were up by 50 percent since the pandemic began, and scams related to romance, phishing and influencer sponsors top the chart, a new report by Sophos said recently. According to Sophos Naked Security, part of the cybersecurity firm Sophos, the scamming on Instagram […]
Programming languages in 2021: here are 5 of the most sought-after ones.
Old is gold – and the same applies to programming languages as well! Albeit being in the forefront for a substantial period of time, these 5 programming languages are still of topmost priority, even in 2021. Java In the arena of programming languages, Java is pretty much evergreen. Developed during the mid-90’s and now owned […]
Asia Pacific’s largest logistics property developer, explores investment opportunities in SL
Stuart Gibson, Co-Founder & Co-CEO of Hong Kong listed ESR Cayman Ltd, one of APAC’s largest logistics property platforms, visited Sri Lanka recently. Gibson and his senior management team held talks with the top level of the Sri Lankan government including President Gotabaya Rajapaksa, Prime Minister Mahinda Rajapaksa, State Ministers Nivard Cabraal, Tharaka Balasooriya, D.V. […]