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."
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
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.
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.
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.
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.
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.
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
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.
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 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.
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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.
The Government of Japan has provided a sum of Rs. 103 million for one demining project in Mannar and Vavuniya districts and three livelihood and development projects in Jaffna, Batticaloa and Matara districts to accelerate resettlement process and to improve the lives of people at the grass-roots level.
The Ministry of Foreign Affairs has urged Sri Lankan Missions overseas to use the emerging opportunities to secure new markets for Sri Lankan exports, while expanding Sri Lanka’s existing market share in the countries of their accreditation.
CBSL maintains policy interest rates at their current levels
Fitch affirms Sri Lanka at ’Restricted Default’
Tourist arrivals below expectation: SLTDA
Sri Lanka economy slows ahead of presidential elections
Planned cuts to former presidents’ perks face legal hurdles
Govt. to conduct probe into e-visa fraud: Vijitha Herath
African leaders pour in congratulatory messages to President
Police security assigned for former MPs withdrawn