Marino Mall, the mega shopping mall by Damro Group with an investment of Rs.12.5 billion, was opened to the public yesterday. The mall located in Colombo 3 with a total of 150,000 square feet is accessible from both Galle Road and Marine Drive. With a vast array of fine cuisine from different regions of the world, Marino Mall also boasts of a 9D cinema and other modern entertainment options such as virtual reality gaming, climbing wall, etc.
Sri Lanka’s first international Mall at Colombo City Centre is currently carrying out its final touches before opening its doors next month.
Ripe in the times when creative minds in the country are looking to turn their passions into careers, local content creators will now, for the first time in Sri Lanka, be able to monetize their content on YouTube through a Sri Lankan company and turn it into a career option.
NEW YORK (Reuters): Facebook Inc. (FB.O) and Chief Executive Mark Zuckerberg were sued on Friday in what could be the first of many lawsuits over a disappointing earnings announcement by the social media company that wiped out about $ 120 billion of shareholder wealth.
Mastercard announced the launch of Simplify Commerce, a simple and secure platform that makes it easier for businesses to accept electronic payments, regardless of a payment brand, in Sri Lanka. This feature rich element of Mastercard Payment Gateway Services is now available to acquiring banks and non-banking financial institutions as well as their small-to-midsize merchant customers across the island.
Brandix, one of Sri Lanka’s top apparel exporters and the biggest employer in the industry, has set up a training facility with the Colombo International Nautical and Engineering College (CINEC) to overcome a skilled worker shortage.
The Government this week outlined ambitious plans to increase agriculture and fisheries exports by creating 23 new processing zones, improving fisheries production in 10 regions and rapidly expanding revenues from mangoes and cinnamon.
John Keells Hotels PLC, the resort sector arm of the John Keells group, produced yet another disappointing quarterly performance as three of its resorts – two in the Maldives and one in Sri Lanka – were closed for refurbishment.
If one takes the Mattala Airport into account, its monthly income is around Rs. 1.2 million whereas the monthly expenditure was Rs. 250 million, Megapolis and Western Development Minister Patali Champika Ranawaka said.
After negotiations with bidders to match the Engineer Estimate for the extension of Bandaranaike International Airport (BIA) failed, the Transport and Aviation Ministry is now seeking approval to split the tender, with aims to bring down value.
Sri Lanka’s loss-making national carrier said it took delivery Sunday of an Airbus A321neo aircraft, a more fuel-efficient version of the Airbus company's best-selling airliner.
The Petroleum Resources Development Secretariat (PRDS) has prepared an initial draft of the ‘National Policy on Natural Gas’ as the Government moves to commercialize already discovered gas deposits in the Mannar basin through International Competitive Bidding.
Malaysia has expressed its strong interest in moving forward on the free trade agreement (FTA) with Sri Lanka that was initially contemplated in 2013, a communiqué from Sri Lanka’s Industry and Commerce Ministry said yesterday.
The Commonwealth Secretary-General Patricia Scotland would arrive in Sri Lanka on Wednesday for a four-day official visit, the Foreign Affairs Ministry said on Monday.
Sri Lanka’s crackdown on narcotics has intensified, with law enforcement agencies seizing over 30 kilogrammes of heroin during the last six months alone. Officials told the Daily News that heightened intelligence on the drug supply chain has led to widespread detections which would see a spike in the heroin haul compared to last year.
Foreign Employment Deputy Minister Manusha Nanayakkara yesterday pledged to take all possible measures to combat human trafficking.
Stocks closed 0.41 percent lower Monday on selling interest in John Keells Holdings and banking stocks like Sampath Bank and DFCC Bank, while the rupee weakened against the US dollar despite some export conversions, brokers and dealers said.
In the secondary bond market, yields were seen declining marginally yesterday, mainly on the 01.08.21, 01.10.22, 15.03.23 and 15.10.25 maturities to daily lows of 9.80%, 10.05%, 10.13% and 10.26%, respectively, against its previous days closings of 9.80/90, 10.05/10, 10.18/20 and 10.30/40. In addition, the 01.07.19 and 01.03.21 was seen changing hands at levels of 9.25% and 9.78%, respectively, as well on the back of moderate volumes.