EU boosts aid to Sri Lanka

The Delegation of the European Union to Sri Lanka and the Maldives is pleased to announce the allocation of an indicative budget of EUR 60 million (LKR 8.4 billion) in grants, as the second part of the EU Country Strategy for Sri Lanka spanning the 2007-2013 period, for new operations to be committed in the period 2011-2013

Sri Lanka removed from war risk insurance list

London underwriters have removed Sri Lanka from the area listed for war risk insurance following lobbying by the island's government that risks have been eliminated with the end of the ethnic war.

Sri Lankan airline chief calls for fully liberalized skies with India

Sri Lanka and India should fully liberalize air services within the two countries, further strengthen links between them and set an example to South Asia, the head of the island's state-run national carrier said.

Ceat raises stake in Sri Lanka

Ceat Ltd, said on Friday its Sri Lankan investment arm - Associated Ceat Holdings Company Pvt Ltd (ACHL) - had become a wholly-owned subsidiary following its purchase of the remaining 4.5 million shares in the company.

Lanka, Emirates finalize deal

Sri Lanka's government and Dubai's Emirates Arlines have finalized a deal to buy out its stake in the national carrier, chairman Nishanta Wickremesinghe said. "The deal has been finalized," Wickremesinghe said. "It is between the government and Emirates."

ADB urges rapid reconstruction

The Asian Development Bank (ADB) has urged Sri Lanka to move towards rapid reconstruction of the war devastated areas in the North and East in order for normalcy to be restored and for the people of those areas to experience the fruits of peace. VIDEO   

Malaysia relaxes Lankan visa

Malaysia will once again offer transit travelers from Sri Lanka, Pakistan, India and Bangladesh a chance to visit the country without the need for a visa, Deputy Prime Minister Tan Sri Muhyiddin Yassin said.

Unilever’s Latest Campaign Adds Vitality to the North

Surf Excel, one of Unilever Sri Lanka’s key brands, is taking its concept of ‘Dirt is Good’ to the north, where children are most in need of a creative outlet to let their true talent shine through.

Sunlight felicitates winners of its Rs. 125 lakh campaign

Sunlight Arunelle Gelapilla’ makes history as the largest consumer promotion in SL’s FMCG history. The winners of the biggest consumer promotion in Sri Lanka’s FMCG history were felicitated by Sunlight at a ceremony held at Water’s Edge on Tuesday, May 18 2010.  

Software piracy worsens; Sri Lanka No. 2 culprit

Lanka to skip hedging costs

Petroleum Industries Minister Susil Premjayantha said Sri Lanka was not likely to pay the huge compensation of US$ 261 million or the equivalent of little over Rs. 30 billion demanded by three foreign banks for the abrogation of the controversial hedging deal with the CPC.

1Goal ‘Education for All’ – Driving a Global Cause

Nihonbashi first restaurant to launch menus on ipad

On the opposite side of the planet to Cupertino, California is the island nation Sri Lanka, home to Nihonbashi Japanese Restaurants, the first restaurant in the world to use the iPad. Nihonbashi has always been ahead of the curve when it comes to restaurant design, creativity in foods and bringing to diners the cultural and gastronomical appeal of Japanese cuisine.

Lanka, UN committed to joint development

Dr. P.B. Jayasundara, Secretary, Ministry of Finance, speaking at the recent annual joint review of the United Nations Development Assistance Framework (UNDAF), stated that the Sri Lanka has moved to a middle income country and, expected to grow at a higher rate and to double the per capita income within the next five years.

Sri Lanka generates petrol

Central Environment Authority- managed pilot plant in Yatiyantota, Kegalle which was commissioned to convert plastic and polythene waste to petrol, today ran six vehicles with the petrol generated by the project.

Turbulence in Colombo-Doha open skies

The decision by the Sri Lankan civil aviation authorities to grant day-by-day approval for Qatar Airways’ third flight has caused turbulence in Colombo-Doha open skies.

US, Lanka discuss Intellectual Property law

Officials from the United States Patent and Trademark Office (USPTO) joined with representatives from Sri Lanka’s National Intellectual Property Office and the Business Software Alliance (BSA) to hold a series of workshops on Intellectual Property (IP) Law.  Employees and officials from Sri Lanka Customs and Law Officers from the Attorney General’s Department took part in the workshops.  

Workshop on Search Engine Marketing

Internet Marketing, Online Sales, eCommerce have become hot topics today in many Sri Lankan business forums as well as in many internal company meetings. Many of such meetings however end up in assigning a website development project to an external party who ultimately come up with a fancy websites along with a huge bill. But the most important questions still remain unanswered – Who should visit the website, how do we attract them, w

BOI Chairman outlines S.L’s future in Oxford Union address

Nissan recalls 540,000 vehicles worldwide

Japan’s Nissan Motor said on Wednesday it would recall nearly 540,000 vehicles worldwide, most of them in the United States, due to brake pedal defects and faulty fuel gauges.

Ceylinco Life retains market leader status at end 2009

Sri Lanka employers should have closer dialogue with workers: ILO

Kenya Takes Over Sri Lanka as Largest Tea Exporter

In the latest data provided by the Tea Board of Kenya indicate that the country has usurped the throne of Sri Lanka for the first time as the biggest tea exporter in the world. While Kenya exported 342mn kg last year Sri Lanka could only supply 280mn kg to the world tea market during the same period.

Govt. eyes Emirates' stake in Sri Lankan

Gazprom seeks development of offshore fields in Sri Lanka

Russia’s gas giant Gazprom plans to take part in exploration of offshore hydrocarbon fields in Sri Lanka. Gazprom CEO Alexei Miller and Sri Lankan President Mahinda Rajapaksa, who is visiting Moscow, discussed this issue at the talks on Monday.

Global Marketing in Sri Lanka

Global Marketing Network (GMN), the worldwide professional membership association for marketing and business professionals will officially launch its Sri Lanka operation, GMN Sri Lanka. This event is to be hosted by the British High Commissioner, Dr Peter Hayes, at his official residence on 25th May 2010.

Sri Lankan bourse goes on holiday

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Lanka accepts MU’S free education offer

Madras University Vice-Chancellor G Thiruvasagam said the Sri Lankan government “has agreed in principle’ to the University of Madras” free higher education to the Tamil refugees living in various camps in Sri Lanka.

Hutchison Telecom has no plans to sell Sri Lanka unit

World Bank provides aid for Projects in North, East , Uva

The International Development Association of the World Bank has agreed to provide Rs 21 billion (USD 182 million )  for implementation of the Provincial Roads Project, Northern Emergency Recovery Project and Community Livelihoods in Conflict Affected Areas Project.