Sri Lanka upbeat about post-war aviation industry

By Easwaran Rutnam COLOMBO, Aug. 24 (Xinhua) -- Sri Lanka is upbeat about its post war aviation industry with some major international airlines returning to...

After India, Mahindra plans to beat Tata Motors in Sri Lanka

Homegrown SUV and MPV major Mahindra & Mahindra, which has already beaten Tata Motors in the domestic passenger car market in the market share...

Economy on track says CB

The Sri Lankan economy is on track to realize its macroeconomic targets despite the worsening global economic conditions, the Sri Lankan Central Bank said...

Marriott to open a hotel in Weligama

Marriott International has signed an agreement with Weligama Hotel Properties Ltd., a fully owned subsidiary of East West Properties PLC, to open a hotel...

Spizee hits the market

Spizee is a new brand of spices to hit the market. This initiative, launched by PDC Holdings looks to give the consumers the very...

BOI signs agreement to create a world class tourism hub

The Board of Investment of Sri Lanka (BOI) has signed an agreement with tourism developer Katana City Developments (Pvt) Ltd to assess and plan...

WSO2 Positioned in the “Visionaries” Quadrant

WSO2 today announced that it has been positioned by Gartner, Inc. in the “Visionaries” quadrant of three new reports that were published on June...

Dialog starts mobile payment service

Dialog Axiata had launched a mobile payment service through which its 7.5 million customers can send and receive money through a 'virtual wallet', officials...

Nokia emerges leader in Sri Lanka mobile phone market

The Sri Lanka mobile phones market recorded sales of over 2 million units in CY 2011, CyberMedia Research. In its Sri Lanka Mobile Handsets Market...

LAUGFS Gas PLC records Rs.1.14 billion profit

Laugfs Gas PLC and its subsidiaries once again performed strongly despite a gloomy environment created for its energy sector operations with escalating global LP...

IBM partners with Hatton National Bank

As IBM (NYSE:IBM) marks its 50 year presence in Sri Lanka this year, the global technology giant announced its partnership with Hatton National Bank...

Aviva to sell its stake in Sri Lanka

British insurer Aviva plc is putting its South Korean and Sri Lankan businesses on the auction block, sources with knowledge of the matter said...

Lanka to launch its first telecom satellite

SupremeSAT (Pvt) Ltd. signed an investment agreement with the Board of Investment yesterday with very ambitious plans to take Sri Lanka into the global...

WSO2 announces tie-up with 5 leading companies

WSO2 announced that five leading organisations in Sri Lanka have tied-up with the middleware solutions provider for its innovative applications. With its main operations arm in Sri...

Sri Lanka plans tea hub, imports from India, China

Sri Lanka's tea exporters are lobbying for liberalized imports to expand the industry and make it into a tea hub by blending high quality...

ITC’s Sri Lankan arm acquires land for hospitality project

Diversified business conglomerate ITC Ltd said its wholly-owned arm in Sri Lanka has acquired land for a mixed-use hospitality project in the island nation. The...

CB expects market stability

The Central Bank says it expects stability in the domestic foreign exchange market over the next few weeks following a decision to reduce the...

WSO2 to present workshop in Sri Lanka

WSO2 Technology Executives Will Lead a Workshop on May 16, to Explore Real-World Use Cases for Addressing Top IT Challenges with the WSO2 Carbon...

Germany gives Rs. 6.5 million to empower grassroots projects

The German Embassy funded four micro-projects worth Rs. 6.5 million to uplift the livelihoods of people in different parts of the island. The annual micro...

WSO2 recruits beta customers for WSO2 API Manager

WSO2 announced that the company has begun recruiting beta customers for the new WSO2 API Manager product scheduled to launch this summer. WSO2 API Manager...