Business

Sirio Ltd, a manufacturer of lingerie and swimwear to the European market operating under the flagship of Italy-based Calzedonia S.p.A, won a merit award in the ‘Apparel’ sector at the 23rd Presidential Export Awards recently.. “We are delighted to have been recognized for our contribution towards Sri Lanka’s export economy. We share this success with our highly productive and … [Read more...] about Presidential Export Awards: Sirio wins merit award in apparel sector

Having one digital policy will not cure all the ills in the ICT industry and overall, the lack of policy is not a limiting issue. There are concerns on the expansion of State bureaucracy in implementing the proposed digital policies. The number one is that a policy gets in the way, when it creates yet another organisation that the private sector needs to interface with, … [Read more...] about ICT: Lack of policy not a limiting issue – Chairman, Software Foundation

It was a night to remember and savor with one of the legends of Sri Lankan cricket, Aravinda de Silva,... There is a common saying that “all work and no play makes Jack a dull boy” and, in this aspect, former Sri... Royalist Kamil Mishara is determined to bring the World Cup to Sri Lanka after being crowned the … [Read more...] about Page not found | Sunday Observer

The move to slash interest rates by the Central Bank should be commended as it would otherwise break the backbone of the economy, said Sarvodaya Development Finance and Capital Media, Chairman Channa de Silva. The Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) were cut by 50 basis points to 7.50 percent and 8.50 percent by the Central Bank … [Read more...] about Move to slash interest rates welcomed

... been a vital contributor to the development of Sri Lanka's plantation sector and the wider national economy for well over one and a half centuries.Source link … [Read more...] about Dr. Hans Wijayasuriya at Planters' AGM

An economic recession in the US with a worldwide economic downturn could result in a decline in demand for Sri Lanka’s exports to key markets which may trigger lower domestic economic activity, National Economic Council of Sri Lanka (NEC) Secretary General and Chief Economist Prof. Lalith Samarakoon said. He said Sri Lanka is already facing a subdued growth environment. After … [Read more...] about Sri Lanka faces subdued growth environment, says Economist

Enterprise Cloud developer, Nutanix which signed an agreement with a local distributor to offer Nutanix nationwide recently, has been awarded its first government contract and has confirmed that a number of the country’s service providers are now Nutanix customers. Regional Director, Nutanix, Faiz Shakir said, “Nutanix is committed to investing in and helping develop Sri … [Read more...] about Nutanix sees early success in Sri Lanka

Sri Lanka produces less than 25 percent of the total requirement of the oil. ... in Sri Lanka where oil palm is cultivated only in areas where the economic life span ... In Sri Lanka the average cost of production and yield per hectare per ...Source link … [Read more...] about Planters' Association favours oil palm cultivation