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Tag: Sri Lanka Business News

  • Samsung Mobile Phones loosing Market Position in India and China

    The times are changing. And so are the preferences of Smartphone users in the world’s two biggest markets – India and China. These changes do not bode well for global market leader, South Korea’s Samsung Electronics. Recent industry figures have shown that during the second quarter of the year, Xiaomi, a handset maker in China,…

  • Wildlife Photographic Competition for 65th Anniversary of the Department of Wildlife Conservation

    Department of Wildlife Conservation organised an wildlife photographic competition Held to mark the 65th Anniversary of the Department of Wildlife Conservation this Wildlife Photographic Competition Open Section and School Section. A decision has been taken to hold wildlife photographic competition to mark the 65th Anniversary of the Department of Wildlife Conservation. Any Sri Lankan and…

  • Urban Development Project at Kandy City at a cost of USD 100 Million

    The strategic Urban Development Project centered round the historic Kandy City, would be launched in August, this year. Initially US$ 100 Million would be spent on this project handled with the active contribution of the Defence and Urban Development Ministry. This was revealed at a special meeting held at the Kandy Kachcheri. It was also…

  • Hayleys to venture into instant tea

    Hayleys PLC, through its subsidiary Kelani Valley Plantations PLC is to venture into the instant tea market. Dipped Products PLC a subsidiary of Hayleys announced that Kelani Valley Plantations has set up a new company, Hayleys Global Beverages Ltd ( HGBL) to process and manufacture Ready to Drink Tea (RDT).  

  • Central Bank decided to stop printing 10 rupee notes; replace by 10 Rupees Coins

    Sri Lanka Central Bank decided to stop printing this lower denomination currency replacing it with 10 rupee coins. Most of these notes are disfigured and the Central Bank is now issuing coins to all banks replacing the old notes, a senior official of the Central Bank’s currency management division said. The CB has placed a…

  • Sri Lanka army is into Economic Supportive development of Dairy farming

    The Sri Lankan army, involved in business and economic activity since the May 2009 end of the conflict, is aiming to be one of the country’s largest milk producers. As it expands its contribution to GDP growth – not through salaries, wages and expenditure on military hardware but real economic activity, the army has established…

  • How to search where the train is in Sri lanka (system to keep track of trains) – Click www.slrail.info

    A new train tracking system to enable the public view coastline train movements, has been launched. The train tracking system named Railway Traffic Optimisation System (RTOS) was launched today at the University of Colombo’s School of Computing (UCSC), and could be viewed on www.slrail.info General Manager Railways, B.A.PAriyaratne said the system was developed based on…

  • Commercial Bank begins renovation of Sri Pada steps – as CSR Activity

    The Commercial Bank has begun work on renovating two sections of the steps to the summit of Sri Pada for the benefit of thousands of pilgrims who make the trek up Sri Lanka’s holy mountain. The Bank’s CSR Trust has allocated substantial funds for the project, which entails repairs to the steps between lamp posts…

  • New Luxury buses for Arugambay and Passikuda

    The Sri Lanka Transport Board (SLTB) will launch two super luxury bus services along Arugam Bay-Colombo and Pasikuda-Colombo routes from this week. SLTB Chief Operations Superintendent said the bus fare will be Rs. 1,100 per person on the Colombo-Arugam Bay route while the bus fare per person would be Rs. 1,000 on the Colombo-Pasikuda route.…

  • Second private medical college in Kandy

    Sri Lanka’s second private medical college will be opened in Kandy. Plans have been finalized and construction work will begin soon, said Higher Education Minister S.B. Dissanayake. The minister said there is a heavy drain on foreign exchange due to a large number of Sri Lankan students seeking higher education abroad. Since the duty of…