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Country fourth fastest growing economy in the world, but Bourse is world’s third worst performer The dichotomy of Sri Lanka of being among the fastest growing emerging economies and worst performers when it comes to the stock market appears to be correcting, according to broking firm DNH Financial. It said contrary to some market commentators, ...
In Sri Lanka to empower and enlighten Sri Lanka’s business community and budding entrepreneurs, Chair Emeritus and board member of the MIT/Stanford Venture Lab Gigi Wang will host a seminar titled ‘Success drivers of Silicon Valley – venture capital, investment and business opportunities for Sri Lanka’ tomorrow in collaboration with Infotechs Ideas. Speaking to the ...
Internet pioneer and Silicon Valley insider Gigi Wang will have the full attention of decision makers, policy makers, technology professionals, university professors and students, bankers, entrepreneurs and women in business when she addresses an all day seminar on ‘Lessons from the Silicon Valley for Sri Lankan organisations – Success Drivers, Investment, Business and Venture Capital ...
By Cheranka Mendis Sri Lanka’s tourist arrivals in June rose 21.6% from a year earlier, welcoming 65,245 tourists, whilst first half performance has lost momentum in comparison to corresponding period of last year. Data released by the Sri Lanka Tourism Development Authority showed arrivals in the first half at 452,867, up 18.7% from first six ...
By Cheranka Mendis Sri Lanka’s tourist arrivals rose 9% to 69,591 in April from a year earlier, continuing the growth momentum established in 2010. Data released by the Sri Lanka Tourism Development Authority yesterday showed arrivals topping 330,116 during the first four months of the year, an 18.3% increase from the period a year ago. ...
BANGKOK (IRIN): Even though public health experts recognise how deadly asbestos can be, its use is on the rise in the construction industry throughout Asia, according to the US Geological Survey. The World Health Organization (WHO) estimates some 107,000 workers die annually from asbestos-related diseases, out of 125 million people who encounter it in the ...
Sri Lanka will be holding two fresh bilateral trade sessions today in Hyderabad – one with India and the other with the United Arab Emirates. The talks will be held at Andra Pradesh Hyderabad International Convention Centre in Hyderabad. Minister of Industry and Commerce Bathiudeen is currently in Hyderabad as a member of the Sri ...
Sri Lanka is to esta-blish a Resident Diplomatic Mission in Ukraine, following the approval of a proposal made by Minister of External Affairs Prof. G.L. Peiris to the Cabinet. The Government of Ukraine, on a reciprocal basis, will establish a Resident Mission in Colombo. Direct flights have also commenced between the two countries. Ukraine ...
Flexiprint – Sri Lanka’s premier printing company – exclusively catering to the printing needs in the tea bag industry for tea bag tags and envelopes and tag pyramid mesh, won a prestigious award in the printing sector at the recently concluded National Business Excellence Awards held at Hilton Colombo. The NBEA is organised annually by ...
Fitch Ratings says in a newly published special report that credit growth in emerging markets (EMs) is likely to slow in 2012 due to the weaker global economic outlook, policy moves by EM authorities to prevent overheating and base effects. Banking systems in most EMs which experienced rapid credit growth in 2010-H111 remain sound. However, ...
By Cheranka Mendis Hayleys Group on friday introduced the latest airline to enter the Sri Lankan skies, Ukrainian airline AeroSvit, which has been brought into Sri Lanka on an investment of US$ 65,000 (approximately Rs. 7. 16 million). The airline, acknowledged as the largest in Ukraine, will operate on a point-to-point non-stop basis to Colombo ...
The Mlesna Tea Centre at Majestic City was re-launched with a sophisticated and stylish new look recently. The Tea Centre now carries a wider range of premium quality tea for the benefit of tea lovers and connoisseurs of Sri Lanka as well as for overseas visitors. The much sought after Mlesna Tea Centre at Majestic ...
By Cheranka Mendis WSO2Con 2011, the much looked forward to, user conference for technology enthusiasts kicked off yesterday at the Water’s Edge, promising three days tech-savvy interaction to more than 250 participants from all over the world. With over 40 sessions planned out with speakers from 10 countries alongside local speakers and participants, the conference ...
Five new Ambassadors and a High Commissioner taking assignments in Sri Lanka presented their credentials to President Mahinda Rajapaksa yesterday at a ceremony held in the President’s office at the Presidential Secretariat in Colombo. The new diplomats assuming duties were Ambassador of the Kingdom of Denmark Freddy Svane, Ambassador of the Islamic Republic of Afghanistan ...
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