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SriLankan Airlines to be sold again?

The SriLankan Airlines is faced with a severe financial crisis and is reportedly unable to pay even the salary increments of the workers. The 10% salary increment that was agreed upon in the agreement between the management and workers is yet to be granted.

Sri Lankan industry introduces “Green Factories

In today’s world the consumer will increasingly decide to purchase goods, which are manufactured in an ethical manner and not the result of unethical or exploitative processes of production. Hence, many consumers will be socially aware that currently the environment faces many threats and will insist that the goods they purchase are produced in an environmentally friendly manner. It is also correct to say that in many western countries there is a conscious policy to introduce an eco friendly lifestyle.

Indian Education Expo’ on 27 & 28 March in Colombo

‘Indian Education Expo’, a massive endeavour to promote Indian education to Sri Lankan students will be held on 27 and 28 March 2010 at the Sri Lankan Exhibition and Convention Centre (SLECC). This fair is jointly organised by The Times of India – India’s largest circulated English Daily, and Introductions Trade Shows, a leading exhibitions organiser since 1983.

Fitch Affirms Sri Lanka's Aitken Spence's Senior Unsecured Notes at 'AA(lka)'

Fitch Ratings has today affirmed Sri Lanka's Aitken Spence PLC's (ASP) senior unsecured notes at National Long-term 'AA(lka)'. The Outlook is Stable.

Kingfisher to launch seven international routes

India’s second largest private carrier Kingfisher Airlines will launch seven international routes this summer, which include a daily non-stop flight between New Delhi and London starting March 28 and one between New Delhi and Hong Kong beginning April 7.

Tourism takes its toll on Prabhakaran’s home

What Vellupillai Prabhakaran, founder-chief of the Liberation Tigers of Tamil Eelam (LTTE), could not achieve in peace, he seems to have attained in death — a twisted popularity among some in the majority Sinhala community.

Raigam sees salty potential, announces Initial Public Offering

The Kingdom of Raigam has come forward to explore the Sri Lankan salt industry (run as an oligopoly), announcing an Initial Public Offering (IPO) of 80mn ordinary voting shares worth Rs 200mn at Rs 2.50 per share through its subsidiary company Raigam Wayamba Salterns Ltd, beginning March 23.

Malaysian investor Demak Manufacturing Lanka to manufacture motor cycles under BOI

The Board of Investment of Sri Lanka granted investment approval to Demak Manufacturing Lanka Limited. Mr. Dhammika Perera, Chairman / Director General signed the agreement on behalf of the BOI and formally presented the BOI Certificate of Registration to Mr. Gao Rong, Chief Executive Officer of DNC Asiatic Holdings SDN. BHD.

DHL Express opens new Air-side Gateway Facility at Bandaranaike International Airport

DHL Express today announced the opening of its new Air-side Gateway Facility inside the Bandaranaike International Airport, Katunayake -Terminal 3. The new DHL Gateway in Sri Lanka is one of the best in South Asia having the latest technology and material handling equipments.

China to loan Sri Lanka $290 mln for airport, railways

China has agreed to lend $290 million to Sri Lanka to build a new airport and revive its railway network, the foreign ministry said on Wednesday.
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