Unofficial Talks Underway With UK On Exports

By Amavasya Sirisena The government has initiated unofficial discussions with the United Kingdom with regard to exports post Brexit. Dr. Harsha de Silva, Deputy Minister of Foreign Affairs told The Sunday Leader Brexit will not have a major impact on Sri Lankan exports to Europe, Sri Lanka’s single largest export market. “We will not have a major influence from Brexit on [...]

Canada – Lanka Air Deal To Boost Market

By Amavasya Sirisena Sri Lanka expects to see a boost in tourism between Sri Lanka and Canada once a code share deal between both countries takes effect. Minister of Transport and Civil Aviation, Nimal Siripala de Silva submitted a proposal to cabinet last week to sign the air transport agreement which has been agreed on [...]

Trade Within SAARC Less Than Six Percent

Trade among SAARC countries is less than six percent, the Minister of Industry and Commerce Rishad Bathiudeen said. He said that more Foreign Direct Investments (FDIs) can be sourced for SAARC if SAARC nations collaborate, rather than compete. Minister Bathiudeen expressed these views while addressing the media last week on the SAARC Investment Forum and [...]

Singer Group Revenue Increases 13.7% To Rs. 12 Billion

Singer (Sri Lanka) PLC announced today its results for the first quarter of the year ending March 31st 2017.  The results showed a commendable revenue growth despite sluggish consumer demand resulting from drought affecting the income of about 30% of the agriculture-based households in the country, combined with escalating prices due to devaluation and increase [...]

Cabinet Approves Hosting Of BIMSTEC Meeting

The cabinet has approved a proposal for Sri Lanka to host this year’s BIMSTEC Ministerial meeting. The proposal which was made by Minister of Social Empowerment and Welfare, S. B. Dissanayake was approved by the cabinet last week. The BIMSTEC Ministerial meeting will be on poverty alleviation. BIMSTEC, which was established in 1997 with member [...]

Megapolis Development: Security And Safety Considerations

By M.Wazir Sourjah The grand Megapolis integrated development project is the flagship project of the current Yahapalana government and the brain child of the Prime Minister Ranil Wicramasinghe under the Ministry of ‘Mega polis and Western Province Development’ in charge of cabinet minister Champika Ranawaka, is poised to convert the districts of Colombo, Gampaha and [...]

CCC, A Landmark Shopping And Lifestyle Destination

The Mall at Colombo City Centre has undergone rigorous planning and implementation to ensure that various attributes successfully provide mall attractiveness, comfort, entertainment, diversity, mall essence, convenience and luxury. In keeping with international standards the Mall at Colombo City Centre is carefully designed and structured to bridge the gap by giving Sri Lanka the ultimate [...]

CTG Launches 100G Service Between Asia And Europe Route

China Telecom Global (CTG) has announced the launch of 100G service capability via their terrestrial cable system to answer the soaring demands for big-bandwidth connectivity between Asia and Europe in collaboration with Russian operators. On the back of the launch of the Super TSR (Transit Silk Road), an ultra low latency terrestrial route via the China-Kazakhstan Gateway, this initiative further diversifies [...]

Port City Assists Fishermen In Negombo Fisheries Division

A number of development programs to improve the livelihood of fisher folk and provide them with financial benefits have been launched by the Colombo Port City in collaboration with the Ministry of Fisheries and Aquatic Resources Development.  The programs were launched earlier this month at a ceremony attended by Fisheries and Aquatic Resource Development Minister [...]

Hitachi And SAP Grow Relationship With New Offerings And Deeper Alignment In SL

Local customers benefit from integration of Hitachi’s products and services with SAP HANA solutions   Hitachi Data Systems (HDS), a wholly owned subsidiary of Hitachi, Ltd. (TSE: 6501), and SAP AG (NYSE: SAP) announced an expansion of its worldwide alliance by extending a global original equipment manufacturer (global OEM) agreement that includes SAP HANA solutions delivered [...]

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