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What is tipped to be the biggest single largest sole foreign investor project the $ 460 million Krrish Square at Transworks House in Fort will start selling luxury condominium units from today, the Indian promoters disclosed last night. Launching to media and corporates separately, the Krrish Square on the four-acre land area is a mixed ...
- $ 450 m Transworks Towers to transform city (Category: Business)
- Gains, Pains In Paki FDI (Category: Breaking News)
- Letter: Sheyenne Street deal is not sweet for the city (Category: USA, North Dakota)
Globe Mirror Industries (GMI), the first tempering plant to be established in Sri Lanka in 1969 has been awarded ISO 9001:2008 certification, a clear indication of its growth and credibility in terms of maintaining a high standard of quality throughout the years. GMI was started by late Mohammed Nawaz and has since grown to be ...
- Piramal Glass wins National Biz Excellence award for second year (Category: Business)
- New wine glasses aim to balance “water and fire” (Category: Business)
- Piramal Glass Ceylon shines with Rs. 149 m after tax profit in 1Q (Category: Business)
- Piramal Glass Ceylon opens Rs. 25 m effluent treatment plant (Category: Business)
$ 450 m mega project to be completed in 2014 By Uditha Jayasinghe The Government has leased the iconic Transworks House land to India’s Krrish Group for 99 years at $ 49 million, whilst the $ 450 million mega project is slated to be completed by 2014. The land encompasses the Transworks House, a colonial ...
- Ambitious $ 460 m 4-towers Krrish Square at Fort to start selling units from today (Category: Business)
- $ 450 m Transworks Towers to transform city (Category: Business)
- People will be resettled in Sampur: Basil Rajapaksa (Category: Breaking News)
- Gains, Pains In Paki FDI (Category: Breaking News)
The Silvas are at it again. A week dominated by news of political brats on the rampage once more, this time directing their rage at an Army Major, ended with the soldier recanting his story and the two main suspects in remand being transferred to prison hospital on “medical” advice. The whole incident smacked of ...
- Blake says visit positive, key challenges remain (Category: Business)
- The Ides Of March Comes Around To A Rajapaksa Regime (Category: Breaking News)
- US – India Alliance Puts Pressure On Sri Lanka (Category: Breaking News)
- Political pickles and quicksilver fortunes (Category: Business)
The first Prime Minister of independent India, Pandit Jawaharlal Nehru, wrote 75 years ago: “It would be absurd to say that the profit motive does not appeal to the average Indian, but it is nevertheless true that there is no such admiration for it in India as there is in the west. The possessor of ...
- Corporatism: A step beyond state capitalism (Category: Business)
- The rise of State capitalism: new masters of the universe or an ominous portent? (Category: Business)
- Impunity: Unequal before the law (Category: Business)
A goat’s best friend is Mervyn! The populace has been cruel to him. Ok, to the goat too, but I am talking about a man willing to be incarcerated just to liberate a hapless animal. Thankfully, the President interceded and saved the day for both. The Minister had promised to defy a Court order and ...
- The other red meat (Category: Australia, Tasmania )
- Battle of the superfoods (Category: Business)
- Mervyn Silva offers she-goat to Goddess Kali (Category: Breaking News)
- Marauding goat Billy attacks trio (Category: Australia, Victoria)
Reinforcing its supremacy John Keells Holdings Group bagged most of the major titles in an impressive haul of 12 in the fifth annual Sri Lanka Tourism Awards presented last week. JKH Group’s Cinnamon Lakeside won the best five star city hotel whilst its Cinnamon Lodge Habrana bagged the best five star resort award. Group entity ...
- Sri Lanka eyes tourism boom but challenges lie ahead (Category: Breaking News)
- Sri Lanka tourism on the rise as peace persists (Category: Breaking News)
- Tourism industry in new visa mess (Category: Breaking News)
- Cruises weather site storm (Category: Australia, Tasmania )
Part of the Kandurata Warriors team, Kithruwan Vithanage is a young and upcoming player in Sri Lanka’s domestic cricket league. Here are excerpts of an interview with the young star: Kithuruwan Vithanage Q: How do you feel about being chosen to participate in the Mahindra Sri Lanka Premier League? A: It’s an honour to ...
- Going Ahead (Category: Business)
- Slow Wicket (Category: Business)
- ATN brings Sri Lanka Premier League to Canada (Category: Breaking News)
- Cricket Revamp (Category: Business)
Why the Government should listen to the demands of university academics Sri Lanka is experiencing the dividends of peace at the moment. The Sri Lankan economy has expanded by a healthy growth rate of 7.9 per cent during the first quarter of this year, from the same period a year earlier. A Global Survey ...
- “Our motto is quality, not money”: BMS President (Category: Business)
- Chaos in universities: A solution? (Category: Business)
- This Fourth of July! (Category: Business)
- More transparency on Z scores, demands TISL (Category: Business)
With just one-month to go before the start of the ICC World Twenty20 Sri Lanka 2012, the International Cricket Council (ICC) has announced the schedule of men’s and women’s warm-up matches which will be played in the lead up to the event proper. The fourth edition of the event, the first to take place in ...
- Tickets for ICC WT20 final sold out (Category: Business)
- Final phase of ICC World T20 tickets opens today (Category: Business)
- Second phase of ticket sales for ICC World T20 Cup ends on high note (Category: Business)
- ICC announces schedule of warm-up matches, pre-event activities (Category: Breaking News)
Heritance Ayurveda Maha Gedara emerged the most energy efficient hotel in Sri Lanka by winning the highest accolade awarded in the large scale hotel sector at the Sri Lanka National Energy Efficiency Awards 2012 which concluded recently. This is the second consecutive year that Aitken Spence Hotels has been recognised at the awards. Last year ...
- Heritance Ayurveda Maha Gedara, first Lankan hotel to be net metered (Category: Business)
- Aitken Spence Hotels receives Energy Efficiency Awards again (Category: Travel)
- MLH Avurudu Maha Gedara Kavili Kade 2024 (Category: Breaking News)
- Video: Lassana Gedara - 14th September 2014 - www.LankaChannel.lk (Category: Video)
In its first-ever official level discussions with Sri Lanka on the proposed pharmaceutical manufacturing hub, which has now excited the Lankan private sector, India has given a strong, structured recommendation on the way forward for Sri Lanka’s dream: Focus on the huge global market first. “I don’t say that the local market of Sri Lanka ...
- Big Indian pharma team in town (Category: Business)
- Top Lankan CEOs bullish post Indo-Lanka meet (Category: Business)
- Over 30 Indian firms at Arogya 2012 healthcare expo today (Category: Business)
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
- More than ever, businesses must think ‘what if’ (Category: Business)
- Banking foresight – Shaping integrated development (Category: Business)
- APB to promote ‘Sustainability in Volatility’ at 24th anniversary convention (Category: Business)
- Threat of recession contains risk of further global bank failures (Category: Business)
The support from the bastion of the game, Marylebone Cricket Club (MCC), and world famous Brian Lara propelled the inaugural Sri Lanka Premier League T20 tournament to the global stage on Saturday. Kicked off via an international style show of dance and culture of seven provinces at the Sugathadasa Indoor Stadium, the SLPL celebrated its ...
- Mahindra SLPL kicks off today; to be broadcast live in 80 countries (Category: Business)
- Mahindra bags Title Sponsorship rights of Sri Lanka Premier League (Category: Business)
- Stage set for Mahindra SLPL Finalé (Category: Business)
- SLC Secy. Nishantha on success of maiden Mahindra SLPL (Category: Business)
Sino Lanka, Kandy Hotels and ONYX partnership to boost hill capital’s leisure landscapeSino Lanka Hotels Holdings (Pvt.) Limited, Kandy Hotels Co. (1938) PLC, together with ONYX Hospitality Group, yesterday celebrated the launch of OZO Kandy, the second OZO property to be built in Sri Lanka. Minister for Economic Development and Tourism Basil Rajapaksa, Chief Minister ...
- Onyx breaks ground on Ozo Chaweng Samui (Category: Business)
- Onyx Hospitality Group dives into Sri Lankan market (Category: Breaking News)
- Thailand’s Onyx Ventures Into Sri Lanka (Category: Business)
- Thailand’s Onyx Hospitality to make Sri Lanka a key hub for its operations (Category: Breaking News)
Ever since the first aircraft was conceptualised by Leonardo Da Vinci, the dream of flight is still continuously evolving. The latest aircraft is known as the dream liner Boeing 787. There has been no end to the technological advances in aviation. The global aviation industry has since been enlarged into a multibillion dollar business and ...
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- Boeing sees more 787 cancellations, still upbeat (Category: Business)
- Spotlight turns to output as Boeing wins show (Category: Business)
- Emirates receives 1,000th Boeing 777 (Category: Business)
Mahindra & Mahindra Ltd. (M&M Ltd.), India’s leading SUV manufacturer has partnered with the Sri Lanka Premier League (SLPL), a cricket league, as their Title Sponsors. The prestigious League kicks off from August 11 and will be played over three weeks at two venues – Colombo and Kandy. The inaugural edition of this League will ...
- Mahindra SLPL kicks off today; to be broadcast live in 80 countries (Category: Business)
- SLPL becomes “Mahindra SLPL” (Category: Breaking News)
- Mahindra bags Title Sponsorship rights of Sri Lanka Premier League (Category: Sports)
- Mahindra to sponsor Sri Lanka Premier League (Category: Breaking News)
In results released to the Colombo Stock Exchange this week, Senkadagala Finance PLC announced an overall star class performance in all areas of operations for the financial year ended 31 March 2012 when compared with its performance in the previous financial year. In key performance indicators, profit after tax rose 128% to Rs. 506.2 million ...
- People’s Finance 1Q profits up by 50% (Category: Business)
- Softlogic Finance records exceptional FY12 (Category: Business)
- Swarnamahal Financial Services’ profit up 124% to Rs. 141 m (Category: Business)
- Triumphant 149% increase in net profit for Vallibel Finance (Category: Business)
Sri Lanka’s number one cable brand manufacturer, Kelani Cables held their Annual Distributor Convention on 21 July at Heritance, Dambulla with participation of their CEO Mahinda Saranapala and General Manager – Marketing Anil Munasinghe. Award ceremony was organised to reward the distributors and the sales staff who excelled during the financial year 2011/2012. The top ...
- Kelani Cables export first consignment to Australia (Category: Business)
- Kelani Cables launch pre-packed antenna wire (Category: Business)
- Schneider Electric expands retail distribution (Category: Business)
- Tea Award (Category: Business)
T20 tourney to take up over 7,000 room nights in lean tourism season; bring in over Rs. 130 m revenue for hotels Destination Sri Lanka to get a fillip via global TV coverage The inaugural Sri Lanka Premier League (SLPL), ready to kick off in two weeks’ time, is expected to give a big boost ...
- Sri Lanka Premier League forges ahead (Category: Business)
- Mahindra SLPL a boost for tourism industry (Category: Business)
- Sri Lanka aims to shine via Premier League - Heads turning attraction! (Category: Business)
- SLPL franchises snapped up; Bids worth over $ 30 m received (Category: Business)
By a Special Correspondent A year or back from today, Sri Lankan economy had been sailing strongly amidst global economic typhoons. Most of the macro variables were reflecting peace dividends and rejuvenated hope. However, by mid 2011, the country’s trade deficit, fuelled by credit expansion was signalling early signs of an economic turmoil. Perhaps being ...
- Why Lion leads frontier (Category: Business)
- Economic growth to rebound in 2013: SCB (Category: Business)
- Flexible exchange rates and impact on exporters (Category: Business)
- Value investors enter as speculators exit (Category: Business)
Janashakthi Insurance, one of Sri Lanka’s largest listed insurers, continues its winning streak to emerge the triumphant winner of two prestigious awards for corporate social responsibility and exceptional branding and marketing at the recently concluded CMO (Chief Marketing Officer Council) Asia Awards held in Singapore. The insurer gained recognition at the international event by securing ...
- Global Recognition for Janashakthi at 2nd CMO Asia Awards (Category: Breaking News)
- Janashakthi wins ‘Business Innovation Award’ at Asian Leadership Awards (Category: Business)
- Paddy gets ALA’s “Distinguished Brand Leader Award” (Category: Business)
- Janashakthi shines at Asian Leadership Awards (Category: Business)
In seeking to build this society, as much as we learn from modern technology, we must also be fully aware of our own traditional knowledge of technology, President Mahinda Rajapaksa said. “Our great irrigation technology, the construction technology seen in our ancient cities, and maritime technology of the past, should motivate you to carry your ...
- Protect local culture and traditions in efforts to build a new Sri Lanka with modern technology ... (Category: Breaking News)
- Crisis lies in not knowing what higher education is! (Category: Business)
- Education centering Temple and Church should be revived – President (Category: Breaking News)
- Initiative utilizing both university education and vocational training to foster the country’s d... (Category: Breaking News)
‘Shakthi’ fundraiser by Emerge Lanka Foundation today ‘Shakthi, a Celebration of Femininity,’ a fundraiser for Emerge Lanka Foundation to spread awareness about sexual assault/abuse through artistic avenues, will be held at Barefoot Café today, 21 July, from 6 to 10 p.m. Emerge Global is dedicated to empowering young women around the world who have ...
- All Ceylon Muslim Women’s Association celebrates Diamond Jubilee (Category: Business)
- Budget 2012’s impact on the export sector (Category: Business)
- Zonta launches mentorship programme (Category: Business)
- Unity is the way to success, not ethnic division: President (Category: Business)
DIMO recently organised a grand event to felicitate and acknowledge their local business partners in automotive components, power tools and related businesses for 2011/2012. This event was themed ‘Tribute to our Champions 2012,’ justifying the objective of the entire activity and was held at Jetwing Blue, Negombo. Three key business units took part in this ...
- Global giant Bosch sets up Service Centre in Sri Lanka (Category: Business)
- DIMO expands its presence, opens new branch in Trincomalee (Category: Business)
- Overall Gold for DIMO tribe (Category: Business)
- New range of TATA Small Commercial Vehicles from DIMO (Category: Business)
NDB Investment Bank Limited (NDBIB) was adjudged the ‘Best Investment Bank in Sri Lanka’ recently at the Awards for Excellence 2012 by Euromoney, the world’s premier financial markets magazine. This is a historical achievement for NDBIB as well as the country since it is the first time Euromoney has ever recognised an investment bank in ...
- NDBIB creates history at Euromoney Awards (Category: Business)
- NDB’s Annual Report 2011 ranked high amongst the best in the world (Category: Business)
- NDB Group 2011 profits up 35% to Rs. 2.9 b (Category: Business)
- NDB reports significant profit growth during 1H 2012 (Category: Business)
Wimbledon is special to me not because I played the tennis circuit during my schooling days but for the insights that I get into life and business in general. The 2012 edition in particular was unique, given that a Brit was in the finals of the men’s singles game, that was happening after 74 years. ...
- London: World’s first social media Olympics (Category: Business)
- The brand IPL is about highlighting performance (Category: Business)
- Ceylon Tea in catch-22? (Category: Business)
- The US Open and Sri Lankan policy (Category: Business)
West Indies opener Chris Gayle and Sri Lankan all-rounder Angelo Mathews have been named as the two international icon players for the inaugural Sri Lanka Premier League (SLPL) that begins on 10 August. The duo will join five other Sri Lanka players as icons of their respective teams, lend the fledgling league some star power ...
- Cricket Ban (Category: Business)
- Sri Lanka name 56 foreign players for SLPL (Category: Sports)
- India's stand pulled the plug on league - SLC (Category: Sports)
- Sri Lanka Premier League talks (Category: Breaking News)
Tourism is very much in the news and targets are being bandied around. A magic number plucked from the air of 2.5 million tourists by 2015/16 is often quoted. All this suggests that tourism will see a sustained explosion in growth. What is the truth? Is it fast growth or slow burn? What are the ...
- Banking delegation in Qatar to attract investments (Category: Business)
- Strategic policy needed for Sri Lanka Tourism (Category: Business)
- Where Is Sri Lanka Tourism Going? (Category: Breaking News)
- Align education,VT with growth industries (Category: Business)
Sri Lanka’s new development tagline Sri Lanka’s current development tagline has been to make it the ‘Emerging Wonder of Asia’ as originally enunciated in the ‘Mahinda Chinthana: Vision for the Future’ and reaffirmed in both the Development Policy Framework of the Government issued in 2010 and the Annual Report of the Ministry of Finance and ...
- Achieving economic goals amidst global challenges (Category: Business)
- Treasury Secy. showcases recent economic success and future outlook (Category: Business)
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