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Thursday, 24 May 2012


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Lanka’s first satellite company launched

SupremeSAT (Pvt) Ltd. signed an investment agreement with the Board of Investment Sri Lanka yesterday to the tune of US $ 20 million with very ambitious plans to take Sri Lanka into the global space race.

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Nestlee‚ Lanka delivers strong 14% revenue growth

Nestle‚ Lanka PLC, Sri Lanka’s leading Nutrition, Health and Wellness Company, recorded a strong revenue growth of 14% (YoY) for the three months ending 31 March 2012, posting a revenue of Rs. 7.3 billion and a net profit of Rs. 462 million amidst a difficult market environment.

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Green farm status on the cards with micro hydro power plant:

Jagro to obtain new energy scheme

Sri Lanka’s premier berry grower, Jagro Pvt Ltd has signed an agreement with Industrial Services Bureau Kurunegala (ISB) to build a 20 kw micro hydro power plant at their berry farm in Ambewela in the Nuwara Eliya District.

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The winners from Sri Lanka, who won the IEEE Computer Society Award at ISEF 2012, Nipun Kavishka Silva (second to left) and Pipunika Vimanthi Silva (far right) from De Mazenod College, Kandana with the rest of the Sri Lankan team. (From left to right - Chathura Saman Kumara from Pinnawala Central College, Rambukkana; Nipun Kavishka Silva from De Mazenod College, Kandana; Maleen Wijeyaratne from Maliyadeva College, Kurunegala; and Pipunika Vimanthi Silva from De Mazenod College, Kandana)

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