Nestlé invests in Rs.1.1bn noodle factory

Nestlé Sri Lanka, the local subsidiary of the world’s leading nutrition, health and wellness company, opened its new noodle plant at its state-of-the-art manufacturing facility in Kurunegala a while ago, marking the second phase of its investment commitment of Rs.10 billion in Sri Lanka

HUTCH AWARDS CRICKET & RUGBY FANS

With the celebrated Rugby World Cup just coming to an end and cricket still being a hot topic due to on-going matches, Hutch organised a competition that was close to their customer’s hearts. The sports-themed SMS competition, which saw island wide participation, resulted in two customers emerging as the lucky winners at the end of the programme.

AVIVA NDB RECORDS LKR 9.9 BILLION CONSOLIDATED REVENUE AS AT Q3

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World's cheapest tablet Aakash goes on sale

NEW DELHI: Datawind, the maker of the world's cheapest tablet has put up for sale about 30,000 tablets online at a price of Rs 2500 each, with a delivery period of seven days

Dialog dials Suntel

Sri Lanka’s Dialog Axiata’s subsidiary, Dialog Broadband Private Limited (DBN) yesterday entered into a share purchase agreement (SPA) to purchase 100 per cent of Suntel Limited, the second largest wireless fixed line operator in Sri Lanka, from its current shareholders

CIC inks partnership with Dubai-based S.S Lootah

Dubai-based S.S. Lootah International, through its subsidiary company, Creative Choice has entered into a partnership deal with Sri Lanka-based CIC Agri Businesses, to jointly address the agri market requirements in the UAE and explore the opportunities in Africa, a foreign news report said.

Selected Lankan businesses to get faster UK visas

The British High Commission (BHC) today launched a new fast track visa pilot scheme for selected Sri Lanka companies doing regular business with the United Kingdom

NANDANA WINS THE BIGGEST ONE AT WORLD BRAND CONGRESS

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Wijeya launches first ever 24/7 breaking news apps

Wijeya Newspapers broke new ground in Sri Lanka yesterday as they launched the first ever Breaking News Application (Apps). Wijeya Newspapers, Sri Lanka’s largest newspaper circulation group launched News Apps for two of their top publications - the Daily Mirror and Daily Lankadeepa, whilst also launching Web 2.0. e-Papers for the Sunday Times and Sunday Lankadeepa. Staying on top of digital trends the launch of the Breaking News apps and e

Anything.lk – The most sought after Sri Lankan site on Facebook and Google

UAE-Sri Lanka Economic Relations: A growing partnership

A high level trade mission from the UAE, headed by Sheikha Lubna Bint Khalid Al Qasimi, Minister-Foreign Trade in the UAE arrived in Sri Lanka yesterday. A business forum and one-to-one meetings between the government as well as private sector companies will take place today

BenQ launches in Sri Lanka at Image Today

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Kingfisher to sell property to fly out of debt

MUMBAI: The board of Kingfisher Airlines (KFA) will today consider a proposal to cut debt by more than half by selling property, converting loans from its parent company into equity, and changing the terms under which it leases aircraft

Tourist arrivals hit new record high in 2011

Sri Lanka's tourist arrivals in the first 10 months of the year has surpassed 2010's record as visitors to the island nation has continued to rise every month on a year-on-year basis since a 25-year civil war ended in May 2009

Virtusa among Forbes’ small 100

Virtusa Corporation, a company founded by a Sri Lankan, has been named in Forbes’ list of the “100 Best Small Public Companies in America”

HUTCH Partners withTransferTo

Hutchannounced the launch of their innovative value added service ‘TransferTo’ which will enable those living and working overseas to send instant credit to Hutch users residing in Sri Lanka simply via SMS.

Rajaratnam co-conspirator surrenders to FBI

Former Goldman Sachs director, Rajat Gupta, who also was once the global head of elite consultancy McKinsey & Co, will surrender to the FBI to face criminal insider trading-related charges, a person familiar with the investigation said

Deepavali Treat for Jaffna from Hutch

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Avirate

Avirate, a brand which prides itself on being 100% Sri Lankan, expanded its local presence with the opening of its 3rd store at Kandy City Centre on the 15th of October 2011.

2011 live Rugby World Cup updates from Hutch

Hutch has introduced another exciting new Value Added Service (VAS) for their loyal customers, bringing live updates on the Rugby World Cup currently underwayin New Zealand.  Scores and updates can easily be accessed by simply dialling 555 from any Hutch number.

SriLankan reduces losses

Sri Lanka's national career, SriLankan Airlines has dramatically reduced its net loss to Rs.202 million in 2010/11 compared with to Rs.6 billion incurred during the 2009/10, the airline said

BOI signs US$500mn agreement for Col South terminal

The Board of Investment of Sri Lanka (BoI) today signed a US$ 500 million agreement with Colombo International Container Terminals Limited to develop and operate the Colombo South Container Terminal

Fitch affirms AAA for NSB

Fitch Ratings Lanka has confirmed National Savings Bank's (NSB) National Long-Term rating at 'AAA(lka)' with a stable outlook

7th Gen Volkswagen Passat hits SL roads

Since its debut in 1973 and 15 million vehicles produced over the years the Volkswagen Passant has evolved along with time and now into its seventh generation launched in Sri Lanka recently

Yahoo CEO Bartz fired

Yahoo Inc Chairman Roy Bostock fired CEO Carol Bartz over the phone, ending a tumultuous tenure marked by stagnation and a rift with Chinese partner Alibaba

Sri Lanka August tourist arrivals up 30%

Sri Lanka's tourist arrivals jumped 29.6 percent in August from a year earlier with visitors expect to hit a record high, as the island nation kept attracting more visitors and tourism-related investment since the end of a 25-year civil war

Colombo moves out from the worst

Colombo has been able to move out from the list of ’worst livable cities’, the bi-annual ranking by the Economist Intelligence Unit of the Economist magazine showed

TRAILBLAZING ECO TEAM MARKS ITS 11TH YEAR OF ADVENTURE TOURISM IN SRI LANKA

Fitch Affirms HSBC Sri Lanka at AAA

Fitch Ratings Lanka has affirmed HSBC Sri Lanka's (HSBCSL) National Long-Term rating at 'AAA(lka)'. The Outlook is Stable

Sri Lanka to seek more Korean investments

Sri Lanka is to seek more investments and grants for development projects from South Korea, said the External Affairs Ministry yesterday