In an interesting development, it has come to light that the Singaporean firm that recently bought the controlling interest in Serendib Engineering Group PLC (SEG) is the same party that is said to be investing in the assets of EAP Group to bail out

Sri Lanka aims to be a rich country by the next decade by transforming this beautiful island nation into the hub of the Indian Ocean, added with a knowledge-based highly competitive economy. 

We continue with the content management, which we discussed in detail last week. Today, we will concentrate on another important aspect of content management – personalized content.

NEW DELHI (REUTERS): Indian Oil Corp plans to invest INR 1.43 trillion (US$22 billion) in next five years as the country’s top refiner seeks to raise its annual capacity to about 3.2 million barrels per day by 2030, its head of refineries said

The government last week decided to extend the purchasing of the expensive thermal power as the country had four seasons of back-to-back dry spells, which exhausted reservoirs and the crucial catchment areas used for generating cheap energy.

RIYADH (REUTERS): Bahrain said yesterday it had discovered the country’s largest oilfield in decades, located off the west coast of the kingdom, according to state news agency BNA.

The Colombo Stock Exchange (CSE) suspended trading of six listed entities as they failed to file interim financials and annual reports even after the firms were given adequate time to comply with the most crucial continuous listing rule.   

F. J. & G. de Saram, Sri Lanka’s leading corporate and commercial law firm - founded over 175 years ago, and MTI Consulting have set-up a JV called ‘Legal Source’ that offers legal process out-sourcing services to international&

To further enhance Sri Lanka-Japan ties, the Japan- Sri Lanka Expo is scheduled to take place  at the BMICH next month from 21st-23rd for the second consecutive year.

Those who eavesdrop to the chitchat among listed company directors and top officials at social gatherings and cocktails and trade at the Colombo bourse based on such information, could fall into trouble in future with the enactment of the new Securit

AFP: Chinese people and foreign firms are girding for a weekend deadline that will curb the use of unlicensed software to circumvent internet controls, as the government plugs holes in its ‘Great Firewall’.

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has selected new media platform, Roar, insurance broker, InsureMe and integrated healthcare platform MyDoctor.lk as its first phase of investments.  

AFP: British drivers were this week given the chance to join collective legal action against German carmaker Volkswagen over the emissions-cheating “Dieselgate” scandal.

AFP: Japanese stocks led the way in Asia yesterday, climbing higher following a rally on Wall Street but the majority of Asian markets were closed for the Easter holiday.

AFP: Japan’s factory output picked up in February while the jobless rate stayed low, official data showed yesterday as the world’s third largest economy continues a solid expansion. 

REUTERS: Starbucks Corp and other coffee sellers must put a cancer warning on coffee sold in California, a Los Angeles judge has ruled, possibly exposing the companies to millions of dollars in fines.

AFP: US President Donald Trump took a new swipe at Amazon this week, claiming the tech giant fails to pay its share of taxes and takes advantage of the US Postal Service.

AFP: The sale of Uber’s Southeast Asian business to Singapore-based rival Grab may have infringed competition rules, a Singapore watchdog said yesterday, imposing restrictions on the deal while it carries out an investigation.

Considering the many requests made and the difficulties faced by the general public in exchanging willfully defaced currency notes after March 31, 2018, the Central Bank has decided to continue the service of exchange of such currency notes until fur

REUTERS: Sri Lankan consumer prices rose 4.2 percent in March from a year earlier, but eased from the previous month’s 4.5 percent rate, government data showed yesterday. 

While the Sri Lankan entry of Bank of China marks a major landmark in Sino-Lankan relations, it also has the potential to really move the needle on Sri Lanka’s economic development, according to the country’s Central Bank Governor Dr.Indr

The Finance Ministry’s amnesia on the Sri Lankan economy from 2005 to 2014 may lead visitors to the ministry’s official webpage wonder what exactly had happened to the country’s economy during the period.

A New Zealand business delegation representing 13 innovative companies will arrive in Colombo on April 2 for a 3-day visit to continue forging business and trade links with Sri Lanka.

Sri Lanka’s small car registrations continued its strong momentum in February although the total vehicle registrations slightly slipped from its January high, perhaps due to less number of days, according to registration data tracked by Colombo

Sri Lanka and Singapore signed the Sri Lanka-Singapore Free Trade Agreement (SLSFTA) on January 23, 2018. This is a comprehensive free trade agreement which covers goods, services, e-commerce, telecommunications, foreign direct investment, intellectu

The re-authorised US GSP will become active for Lankan exporters from April 22, according to a communiqué by Sri Lanka’s Industry and Commerce Ministry. 

The Coca-Cola Company President/CEO James Quincey who met Prime Minister Ranil Wickremesinghe during his maiden visit to Sri Lanka recently has made a US $ 50 million commitment to 

Development Strategies and International Trade Minister Malik Samarawickrama said that the government has taken numerous initiatives to stabilise and reorient the economy, from a growth model that was heavily dependent on debt-fuelled public spending

The Sri Lankan government may need to increase the rate to be charged under the proposed Debt Payment Levy many fold, in order to meet the revenue target expected from it, according to a banker. The 2018 budget presented last November proposed to cha

REUTERS: The Sri Lankan rupee closed 0.26 percent stronger yesterday as exporter dollar sales and inward remittances surpassed importer demand for the US currency, dealers said.