Category: Other
Tokyo Cement starts pilot operations of new manufacturing plant
Tokyo Cement Company (Lanka) PLC commenced initial testing of a cutting-edge cement manufacturing plant in Trincomalee at a soft opening ceremony held on the 8th of December. The fully-automated, hi-tech plant is the company’s fourth mill and is slated to nearly double their production capacity when it begins commercial operations in February 2017. The cement […]
‘s agriculture exports
Dec 19, 2016 (LBO) – Reducing non-tariff barriers (NTBs) in Sri Lanka is a significant step towards realizing untapped export potential within agricultural sectors such as fruit, vegetables, seafood and floriculture, trade experts say. Reducing domestic NTBs is a relatively easy but significant step towards encouraging diversification, where high transaction costs have acute implications on […]
‘s People’s Bank unveils new corporate logo
People’s Bank proudly launched its new logo recently to reflect the Bank’s evolution to keep pace with new global banking trends and to cater to fast-changing aspirations of customers. Reflecting trust, sophistication and efficiency, the symbolic hands in the new logo represent good governance and the peoples’ co-operation and unity. This initiative reflects People’s Bank’s […]
Sri Lanka and Tajikistan strengthen trade and investment ties
“Sri Lanka is keen to strengthen economic relations and explore new vistas for bilateral trade engagements with Tajikistan”, stated Hon. Dr. Harsha de Silva, Acting Minister of Foreign Affairs, when he made the welcome remarks at the Sri Lanka- Tajikistan Business Meeting held on 14th December 2016 in Colombo. The Business Meeting was held to […]
‘s President arrives in Malaysia
President Maithripala Srisena arrived at the Kualalumpur International Airport this afternoon (December 15) commencing his 3-day state visit to Malaysia. He was received by the Malaysian Human Resource Development Minister Dato Sri Richard Riot Anak Jaem and senior officials. The staff members of the Sri Lanka High Commission and their family members were also present […]
Gulf Air & Jet Airways to launch new Colombo flights from January 2017
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Hirdaramani opens new operation center for its shared services teams
Hirdaramani is proud to announce the opening of ‘The Hub’, a new purpose-built centre of operations to house the core group Shared Services functions, namely, Finance Shared Services & Commercial under the ‘H Connect’ brand and IT under the ‘H One’ brand. The impressive new building will also house a learning and training facility and […]
‘s first year
Dec 15, 2016 (Reuters) – The U.S. Federal Reserve raised interest rates on Wednesday and signaled a faster pace of increases in 2017 as central bankers adapted to the incoming Trump administration’s promises of tax cuts, spending and deregulation. The increase in the federal funds rate to a range of between 0.50 percent and 0.75 […]
Economists cut Singapore growth expectations for 2016 & 2017
Dec 14, 2016 (LBO) – Economists are expecting a slower than expected growth for this year as falling global trade hinders country’s export growth, Singapore’s central bank survey showed. 22 economists polled by the Monetary Authority of Singapore (MAS) expect the GDP growth to come in at 1.4 percent in 2016, a decline from the […]
Mastercard joins with Uber to reward Sri Lankan cardholders with free rides
Mastercard and Uber announced their partnership to reward cardholders in Sri Lanka with free Uber rides for payments made using their Mastercard credit cards on the Uber app. New users signing up for the Uber App for the first time will be awarded two free rides (of up to LKR 250 each) when they register […]
Former Defence Secretary Gotabhaya Rajapaksa visits Japan
Former Defence Secretary Gotabhaya Rajapaksa who arrived at Japan’s Narita International Airport yesterday afternoon were welcomed by a group of Sri Lankans in Japan. Gotabhaya Rajapaksa is accompanied by Parliamentarians Rohitha Abeygunawardena, Udaya Gammanpila and Niroshan Premaratne. The group has participated with a ‘Bhodhi Pooja’ and few other events.
‘s Axiata in USD600mn deal with Khazanah, Japanese firm
Dec 14, 2016 (Reuters) – Malaysian mobile network operator Axiata (AXIA.KL) said that sovereign wealth fund Khazanah Nasional Bhd [KHAZA.UL] and Innovation Network Corp of Japan (INCJ) will take stakes in its telecom infrastructure services unit, edotco, as part of a $600 mln deal. Announcing the plan on Tuesday, Axiata said it would remain the […]