As Sri Lanka-Japan bilateral discourse completes 60 memorable events, Japan has become our seventh largest international trade partner. “The total bilateral trade turnover between the two nations has grown to $ 1,250 m in 2011. Japan, our seventh largest trade partner in 2011, has always been a key trading nation as well as a generous ...

By Cheranka Mendis Several French institutions are exploring prospects to offer energy efficiency solutions to the booming construction sector in Sri Lanka. At a key industry forum organised by the Trade Commission of the French Embassy Yesterday, seven French companies along with French Agency for Environment and Energy Management (ADEME) Energy Expert Robert Angiletti and ...

Hutchison Telecommunications Lanka Ltd. recently announced its partnership with SLT Rainbow Pages to offer Hutch customers directory information by simply dialling 4636 at any time 24×7. The partnership will further enhance services offered by Hutch. When a Hutch customer dials the short code 4636, a call centre agent will assist the customer to obtain information ...

There is a notion, a thought, a germ of an idea that is forming amongst some of my ex-journalist friends, that there is a need for a newspaper or magazine or some other media that should be managed and run by journalists themselves. An interesting concept I would say, as the idea itself seems new ...

Japan continues to be a top partner of Sri Lanka as our bilateral trade with the Land of the Rising Sun topped $ 1.2 b in 2011 and knowledge transfer of Japanese manufacturing practices to Sri Lanka has helped improve quality of manufacturing here. “Japan has always been a key trading partner as well as ...

Given that Sri Lanka is to launch its IPL version later this year branded Sri Lanka Premier League (SLPL) and there is a trend globally for sports to be integrated to business, I thought of picking some insights that are emerging from the recently-concluded Indian Premier League (IPL).  IPL A key pick up from the ...

Political parties supporting Greece’s international bailout begin forging a government on Monday after an election victory over radical leftists staved off the prospect of the debt-laden country leaving the euro and brought relief to global markets.  Conservative New Democracy leader Antonis Samaras called for broad support after winning Sunday’s election over the Syriza party, wh...

United Motors Group announced strong financial results for the year ending 31 March 2012. During the year under review, the Group achieved a turnover of Rs. 20.8 billion and a post-tax profit of Rs. 2.27 billion which compares with a post-tax profit of Rs. 907.8 million achieved during the previous financial year. Commenting on the ...

Reuters: Authorities in the world’s major economies are preparing for a possible market storm or public panic after cliffhanger Greek elections this weekend, officials said on Thursday, should radical leftists win and cast doubt on the nation’s future in the euro zone . Britain announced on Thursday it would flood its banking system with cash ...

Peter Kropotkin is a Russian revolutionist who has commented in his book ‘The Conquest of Bread’ what he considers to be the weaknesses of the economic systems of capitalism and how poverty and scarcity thrives on. However, Kropotkin did not believe in the theory of state and is known as an anarchist. The issue of ...

By Shanuka Tissera The new direction of the banking sector in Sri Lanka has been announced. Union Bank, one of Sri Lanka’s fastest growing banks, which was also the pioneer of internet banking in Sri Lanka, partnered with SLT PEO TV at Galle Face Hotel yesterday. SLT PEO TV paved a new path in the ...

Rameez Fazal and Danushka Kathriarachchi of Leo Burnett Solutions Inc. (LBSI) the Sri Lankan office of the internationally acclaimed advertising agency network Leo Burnett Worldwide will represent Sri Lanka in Cannes at the Young Lions TV category at the 59th Cannes Lions International Festival of Creativity in France.

Singer Sri Lanka recently launched their range of ultra energy efficient TCL LED TVs. TCL has been Singerandrsquo;s second best selling TV for a considerable period of time and has become a trusted household name. TCL LED TVs offer up to 60% savings on power consumption (35 watts) compared to a conventional Cathode Ray Tube (CRT) television off equal size which consumes up to 90 watts of power.

DFCC Bank (DFCC) and DFCC Vardhana Bank (DVB) consolidated and integrated their presence on the information superhighway into one location through the launch of their new website www.dfcc.lk. With a view to delivering seamless banking services through a convenient, easy to navigate portal, the Banking Group hopes to meet the financial needs of the cyber ...

Historically, capital markets have played an important role in the development of market economies and therefore the development of efficient regulation of securities too has become increasingly important. While fostering the development of the economy, the capital markets also play an important equalising role. Viz – it attracts the participation of a large number of ...

The DFCC Group yesterday disclosed that it has posted a consolidated profit after tax of Rs. 2,973 million for the financial year 2011/12. The figure is an increase of 37% over the Rs. 2,170 million recorded in the previous year (excluding the exceptional profit relating to the reduction of DFCC’s shareholding in Commercial Bank of ...

By Damien The Secretary to the treasury Dr. P.B Jayasundera recently made statement that the country is wasting the foreign currency on things that can be made in this country. I would like to add to this by stating that as a country we should have clear targets and policies that are aimed at both ...

This Poson too, for the 19th consecutive year, Aviva NDB has made the customary arrangements to keep watch over the pilgrims who bathe in the reservoirs in and around Anuradhapura, Polonnaruwa and Dambulla.  Poson full moon day is on 4 June. Over a million pilgrims visit Mihintale to commemorate the introduction of Buddhism to Sri ...

By Cassandra Mascarenhas The biggest mobile forum in the region, the South Asian Mobile Conference was held for the third year in Colombo earlier this week, bringing together some of the world’s top experts in the mobile sphere, developers of the next generation, researchers, academics and policy makers, creating a platform for a chance of ...

Seven young prominent marketing communications professionals from Sri Lanka’s advertising and marketing industries were selected to represent the country at the annual Young Lions Competitions and the Roger Hatchuel Academy in Cannes, France next month after having successfully completed the Sri Lankan Cannes Young Lions Competition. The local competition to select the contenders was organis...

The other day I was shopping with my wife at Odel – that’s where I do most of my clothes buying; not because I want to be fashionable but simply because they’ve got the right sizes in shapes that fit me! I was about to buy another of my usual T-shirts when my wife made ...

Sri Lanka’s first-ever digital ready and HD ready television station, Hiru FM, was launched on 23 May, marking Asia Broadcasting Corporation’s foray into Sri Lankan television under its flagship brand Hiru after enjoying much success in the radio industry.

SriLankan Airlines said yesterday it has acquired a new Airbus A320 last month, expanding its fleet to 23 aircraft. The national carrier’s fleet now consists of eight medium – range A320’s, seven twin engine wide-body A330’s, and six long-haul A 340’s, and two De Havilland Twin Otter floatplanes for domestic services. The new aircraft has ...