CHEC, Galle Face Hotels Group JV see new horizons in leisure sector

By Ranee Mohamed Ceylon Hotels Maldives (Pvt) Ltd (CHML, a subsidiary of Ceylon Hotels Corporation Plc, and a member of the Galle Face Group of Companies entered into a 5-50 joint venture with Zhen Hua Engineering Company Limited (CHEC), a group company of the China Habour Engineering Company Limited (CHEC). Speaking at an event held [...]

Singaporean companies exploring investment opportunities in Sri Lanka

The Singapore Business Mission to Sri Lanka organized by the Singapore Business Federation (SBF) together with International Enterprise Singapore (IES) and Singapore Indian Chamber of Commerce & Industry (SICCI) recently held a seminar on doing business in Sri Lanka, at the Paramount Tower in Nawala. S.S. Teo, Mission Leader, SBF Chairman and Managing Director of [...]

ESET named as the only challenger in 2018 Gartner Magic Quadrant for Endpoint Protection Platforms

ESET – a global player in information security – has been named as a Challenger in the 2018 Gartner Magic Quadrant for Endpoint Protection Platforms*. The company was the only Challenger named in the Magic Quadrant. ESET was evaluated based on its ability to execute and completeness of vision. ESET believes this placement reflects its [...]

SIA to launch world-first blockchain-based airline loyalty digital wallet

The Singapore Airlines (SIA) Group’s KrisFlyer frequent-flyer programme is to launch a world-first blockchain-based airline loyalty digital wallet capability that will help unlock the value of KrisFlyer miles to enable everyday spending at retail partners. A new KrisFlyer digital wallet app utilising this innovative technology is expected to be rolled out in about six months. [...]

Asia Pacific Daily takes Sri Lanka news to world mobile users

Asia Pacific Daily is a multilingual new media platform launched in July 2012 by the Asia-Pacific Regional Bureau of the Xinhua News Agency. Headquartering in Hong Kong, the agency has branch offices in Beijing, Shanghai, Guangzhou, Shenzhen as well as several major foreign cities including Colombo, Bangkok, Sydney, Kathmandu and Jakarta. As a new multilingual [...]

CSE records strongest ever start to a year in terms of Foreign Investment

Record breaking foreign investment in the Sri Lankan stock market has continued into 2018, with Rs. 4 billion in net foreign purchases during the month of January – a new record for the first month of any given year. The month recorded Rs. 10.7 billion in foreign purchases in the market, while foreign investors made [...]

Empire Tea ranked among top three in the country

Empire Teas, the premier tea exporter ranked among the top three in the country added two further laurels to its name at the recently concluded National Tea Awards organized by the Sri Lanka Tea Board. Having closed out a successful year, Empire Teas clinched the accolades for the second largest Bulk Tea Exporter and the [...]

PURA Luxury Resort Villas to change landscape on the East Coast

Ideal Developments Canada and Pura Resorts Canada announced the first ever international FDI into Sri Lanka’s east coast with 50 luxury resort chalets and 62 luxury island homes built for completion by April 2020 on the pristine beaches of Nilaveli, Trincomalee.  PURA Luxury Resort Villas is the very first project being launched in Sri Lanka [...]

Highest foreign direct investments to Sri Lanka in 2017 from China

The highest Foreign Direct Investment (FDI) into Sri Lanka in 2017 came from China, Sri Lanka’s Board of Investment (BOI) said in a statement. The BOI said that FDI into Sri Lanka grew to over US$1.63bn in 2017, doubling from the US$802m achieved the previous year. The BOI, the agency tasked with promoting and facilitating [...]

Amagi Aria joins hands with Illy Coffee and PMD Tea

This year, Negombo’s hidden secret, Amagi Aria has taken on a unique scope of food and beverage offerings for local and foreign guests, commencing with the recent induction of partnerships withCeccato Colombo(Illy Coffee) and P.M. David Silva & Sons. “Ceccato Colombo Pvt Ltd is a BOI company which was established in 2001 with a 100% [...]

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