Abans to build largest mall in Lanka

A Sri Lankan company is planning to build the largest mall in the post-war country, in an effort to cash in on a booming...

Dialog delivers net profit of Rs 1.59bn in first quarter

Dialog Axiata PLC announced, Thursday 9th May 2013, its consolidated financial results for the three months ended 31st March 2013. Financial results included those...

Need to remove bilateral trade barriers, Sri Lanka tells India

India-Sri Lankan bilateral trade has potential to more than double to $ 10 billion by 2016 if tariff and non tariff barriers are removed,...

IOC draws big plans for Sri Lanka

Despite Sri Lanka announcing that it would partially take back unused World War II time strategic oil storage depot in Trincomalee from Indian Oil...

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...

Dialog Axiata wins 4G spectrum for $25 mln

Sri Lanka's top mobile phone operator Dialog Axiata will roll out the country's first mobile 4G LTE network, sealing the deal with a 3.2...

Malaysia Airlines increases Colombo-Kuala Lumpur service

Malaysia Airlines, the national carrier of Malaysia, providing daily direct connections between Colombo and the Malaysian capital of Kuala Lumpur, is introducing 3 daytime...

Fly to Mattala from BIA for just Rs 2,999

SriLankan Airlines, the national carrier of Sri Lanka, is introducing new offers to Mattala, providing a great opportunity to all Sri Lankans to enjoy...

Samsung introduces Galaxy S 4

Samsung Electronics is the world leader in smartphone sales, besting Apple in many countries. Now Samsung of South Korea is stepping up its challenge...

Axiata eyes Airtel’s Lanka business

Axiata, the Malaysia-based telecom operator has approached Bharti Airtel to acquire the Indian operator's business in Sri Lanka, according to people privy to the...

Australia’s third-richest person to invest in Sri Lanka

Australia's third-richest person and gambling tycoon James Packer may be lining up a bet on Sri Lanka, scouting the Indian Ocean island for potential investments...

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...