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Sri Lankan universities slip in QS Asia rankings

Sri Lanka, Nov. 4 -- Sri Lanka's leading universities slid to their lowest positions in four years in the QS World University Rankings: Asia 2027, with the University of Colombo dropping 46 places to ... Read More


Key economic reform bills stuck at understaffed Legal Draftsmen's dept.

Sri Lanka, Oct. 29 -- Many draft laws, including the new State-Owned Enterprises (SOE) Act, have got stuck at the Legal Draftsman's Department, casting doubt on the government's plan to pass the SOE l... Read More


Indirect taxes 'super high', no decision on property - Dy. Finance Minister

Sri Lanka, Oct. 29 -- Sri Lanka's indirect taxes are "super high" and the tax structure needs to change, but the government has not taken a decision to implement a property tax and will not make any s... Read More


Sri Lanka needs 'hero' luxury resort to reset market perception: Bawa Trust chief

Sri Lanka, Oct. 26 -- Sri Lanka needs at least one 'hero' luxury resort of the kind that transformed global perceptions of the Maldives, along with sharper destination branding, to capitalise on a uni... Read More


Grand Hyatt heads to bidders; plans Colombo-first entry and four or five more destinations

Srilanka, Oct. 24 -- US hotel group Hyatt, which has yet to open a hotel in Sri Lanka 14 years after signing its first management agreement for a Colombo property, plans to enter through the gateway c... Read More


Sanken Gen targets Saudi Arabia, Australia and Fiji following US$ 900mn overseas run

SriLanka, Oct. 12 -- Sanken Overseas, which has rebranded itself as Sanken Gen after generating project revenue of US$ 900 million across seven countries in the last five years, is preparing to expand... Read More


Melwa dismisses Seeduwa plant allegations as baseless; hints at business motives

Srilanka, Oct. 3 -- Melwa Group has rejected the allegations that its new cement plant in Seeduwa is being built in an environmentally sensitive zone. It suggested that some of the criticism could b... Read More


September arrivals edge back into growth as Japan, Australia gain ground

SriLanka, Oct. 1 -- Sri Lanka's tourist arrivals rose 0.4 percent in the first 27 days of September when compared to the same period last year, as a strong growth from Japan and Australia put the mont... Read More


Salesforce deepens Sri Lanka push with key John Keells partnership

Sri Lanka, Sept. 1 -- Global customer relationship management leader Salesforce has signalled an aggressive expansion into Sri Lanka, anchoring its market push with landmark digital transformation par... Read More


SLT-Mobitel leverages dollar reserves to self-fund network expansion, targets techco transition

Sri Lanka, Aug. 21 -- SLT Mobitel has aggressively built up its dollar reserves and retired expensive foreign debts ahead of schedule to self-fund its network expansion while shielding the telecom ope... Read More