Dialog gets nod to issue $388 mln Islamic bonds

Dialog Axiata, the Sri Lankan unit of Asian mobile services group Axiata Group Bhd, has won approval to sell up to 1.2 billion Malaysian...

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...

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,...

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...

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...

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...

Maruti to decide on starting assembly unit in Sri Lanka

India's largest car maker Maruti Suzuki India (MSIL) will take a final decision on setting up an assembly unit in Sri Lanka by the...

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...

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...

IOC, Ceylon Petroleum set to form JV

Indian Oil Corporation (IOC) and Ceylon Petroleum Corporation (CPC) are set to form a joint venture (JV) for taking up various initiatives in the...

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...

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...

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...

India to provide USD 400 mn to Sri Lanka under SAARC SWAP deal

The Reserve Bank of India (RBI) has agreed to provide USD 400 mn to the Central Bank of Sri Lanka (CBSL) under its SAARC...

Sri Lanka looks to China, Japan and India to boost Rupee

Sri Lanka is in talks with China, Japan and India to obtain funds to help strengthen the Sri Lankan Rupee. Prime Minister Ranil Wickremesinghe told...

China offers support to develop Sri Lankan economy

China has offered support to develop the Sri Lankan economy, following talks held in Colombo today. The Minister of Finance and Mass Media Mangala Samaraweera...

Over 300 Chinese business delegates attend Sri Lanka conference

Aiming to strengthen economic and cultural ties between the two nations, Chinese telecom and IT giant ZTE Internet Culture Media (Beijing) Co. Ltd. successfully...

IMF decides to resume program discussions with Sri Lanka

The International Monetary Fund (IMF) has decided to resume discussions on a funding programme with Sri Lanka. Christine Lagarde, Managing Director of the International Monetary Fund (IMF),...

India’s development assistance to Sri Lanka around US$ 3 billion

India’s overall commitment of development assistance to Sri Lanka stands at a total of around US$ 3 billion, out of which US$ 560 million...

Over 80% of internet users outside greater Colombo buy online

Over 80% of internet users living outside greater Colombo make purchases online, a study has revealed. These purchases have also proven to be significant, with...