LEGAL BARRIERS
Google’s venture to beam the internet to remote areas of the world via balloon has hit a legal snag in Sri Lanka that could see the project abandoned
MTD WALKERS
Walkers Equipment, a subsidiary of MTD Walkers, announced that it has been appointed as the Exclusive Authorised Dealer in Sri Lanka for Fiori Asia Pacific,
ALTAIR
One of the world’s most eminent architects who has a unique association with Sri Lanka visited the country to grace the 35th annual sessions
ISRO LAUNCH OF 104 SATELLITES
At 0928 hrs IST today, ISRO today morning successfully launched 104 satellites on board the PSLV-C37 from Satish Dhawan Space
TALKING POINT
Every year, an estimated US$ 1 trillion is paid in bribes, while 2.6 trillion dollars is stolen annually through corruption – a sum
OCEAN TRADE & LOGISTICS
Ocean Trade & Logistics is the first export company that’s able to close console boxes (containers) with its own shipments. This is being continued through sea
NDB
NDB recently opened its latest branch in Katana in a bid to support economic and livelihood development in the Gampaha District. With this opening, NDB’s
HSBC
The 59th Annual Grammy Awards got underway in LA and two lucky HSBC Premier customers together with their companions made their way down the red carpet
NORITAKE
Noritake Lanka Porcelain (NLPL) entered the New Year on a winning note by being awarded the National Quality Award in the Large Manufacturing Category
BANK OF CEYLON
Bank of Ceylon’s (BOC) Annual Report 2015 won the ‘Best Presented Annual Report Award’ in the public sector Banking Institutions category at the
JAPANESE CONSORTIUM
A multimillion-dollar project for the establishment of a solar power plant in Sri Lanka is underway with investment from three Japanese companies through a
CEYLINCO LIFE
Ceylinco Life deployed 4,500 sales officers in a concerted campaign launched on 11 February. An annual, countrywide campaign to widen the life insurance
PICKME
Sri Lankan mobile app for transportation PickMe selected Hatton National Bank (HNB) as its payment solutions provider for Visa and MasterCard
SRI LANKA AT ‘B+’; OUTLOOK REVISED TO STABLE
Fitch Ratings has affirmed Sri Lanka's Long-Term Foreign-
BURNING ISSUES
Government fiscal policy continues to haunt Sri Lankan corporates, so much so that a majority (78%, versus 86% in the prior month) of those consulted in the
BUSINESS SENTIMENT
The news from official quarters hasn’t been all that positive with the prospect of a power crisis following prolonged drought conditions that have already
CANCER RATES IN THE ISLAND
Some 27,873 new patients had registered with the main cancer treatment centres affiliated to nine hospitals in the country in 2016,
HIGHER WAGES FOR EXPAT WORKERS
The minimum salary of an unskilled worker abroad has been increased to US$ 350 a month and that of a skilled worker to US$ 450
