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...

Concerns raised over price war in tourism sector

Concerns raised over price war in tourism sector saying it could affect the country. Tourism Advisory Committee Chairman Harry cautioned the industry about price undercutting,...

New SLTDA chairman assumes duties as tourist arrivals increase

The newly appointed Chairman of the Sri Lanka Tourism Development Authority (SLTDA) and the Sri Lanka Tourism Promotion Bureau (SLTPB), Kishu Gomes, assumed duties at...

Sri Lanka to discuss on Draft National Policy on LNG

The Ministry of Highways & Road Development together with Petroleum Resources Development has developed the draft national policy on natural gas with a view...

CBSL takes action on The Finance Company

The Finance Company PLC (TFC), a Finance Company licensed under the Finance  Business Act No. 42 of 2011 (FBA) was severely impacted by the...

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...

Specific guidelines to be set for tourism development zones

Specific guidelines are to be set for tourism development zones which will be identified by the authorities, the Sri Lanka Tourism Development Authority said...

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...