Loss-making Sri Lankan Airlines aims to break even in 2015/16

Loss-making Sri Lankan Airlines hopes a five-year plan to fly to more profitable destinations and invest in a more fuel-efficient fleet will help it...

IMF rejects conditions, government suspends deal

The government has decided not to pursue a new funding program with the International Monetary Fund (IMF) after the IMF had refused to accept...

WSO2 attracts $10 Million in funding

WSO2, the lean enterprise middleware company, today announced that it has closed a $10 million funding round led by Toba Capital,and joined by Cisco...

Rift between India and CEB threatens project

A serious rift has reportedly cropped up between the National Thermal Power Corporation (NTPC) in India and the Ceylon Electricity Board (CEB) over setting up...

Indian bicycle maker shuts Sri Lankan plant over GSP issue

Premium bicycle maker Firefox Bikes Thursday said it has closed its manufacturing plant in Sri Lanka, owned by one of its promoters, and moved...

US trade delegation to visit Sri Lanka

A multi-sector U.S. Trade Mission – the first U.S. trade mission since the end of the conflict – will travel to Colombo February 7-8...

Sri Lanka inks agreement on avoidance of double taxation with Luxemburg

An Agreement on Avoidance of Double Taxation (DTA) between Sri Lanka and Luxembourg was signed in Luxembourg, the Embassy of Sri Lanka in Brussels said in...

BlackBerry in make or break phone launch

It's the moment of truth for BlackBerry maker Research in Motion. The Canadian company on Wednesday will officially launch the BlackBerry 10, an effort that...

Sampath Bank commissions forex changing ATM

Sampath Bank, the first domestic bank to operate automated teller machines in the island commissioned an ATM that can change foreign exchange into rupees...

WSO2 announces 16 featured guest speakers at WSO2Con 2013

WSO2 today announced that 16 guest speakers will present at WSO2Con 2013, WSO2’s third user conference. The presenters include customers, researchers, systems integrators, and...

WSO2 hosts first live stream technical conference in Colombo

WSO2 announced the annual user conference, WSO2Con 2013, which will explore technology insights and best practices in the areas of API management, service-oriented architecture...

UK’s The Bournemouth & Poole College signs agreement with Key Academy

The hospitality industry and other key industry sectors will receive a much needed stimulus when one of the largest further education colleges in England,...

Galaxy S3 takes No. 1 position in smartphone market

Samsung Electronics' Galaxy S3 became the world's best-selling smartphone model last quarter, pushing aside Apple Inc's iPhone, which has dominated the chart for more...

Microsoft Windows 8 makes its debut in Sri Lanka

Microsoft Technology Roadshow, an event to showcase the latest in technological innovations that’s sweeping the world, was used as the platform on which the...

Dish TV plans to invest in Sri Lankan subsidiary

Dish TV, India's largest direct-to-home (DTH) company, is eyeing expansion in neighbourhood countries and is preparing to capitalise its Sri Lanka subsidiary. Dish TV is...

Petronas mulls exploring off Sri Lanka shores

PETROLIAM Nasional Bhd (Petronas) is considering oil well explorations off the shores of Sri Lanka, possibly near the Palk Straits and the Mannar Basin...

IBM PureSystems and new System x M4 unveiled in Sri Lanka

IBM (NYSE: IBM) launched Expert Integrated Systems in Sri Lanka to help organizations achieve greater agility, efficiency, simplicity and control, with a seamless and...

India announces greater market access for Sri Lanka in Garment Sector

The Government of India has accepted the Sri Lankan request for relaxation in the requirement of fabric sourcing for 5 million pieces of Ready...

Japan to issue Sri Lanka commemorative coin

Japan will produce a commemorative coin with a face value of 1,000 Sri Lankan rupees (around ¥600) to mark the 60th anniversary of the...

Domino’s to drop ‘Pizza’ in global re-branding

The leader in pizza delivery, which is set to go for an image makeover in the US market beginning October, will take the new...