Business

Ministerial team in Brussels to discuss trade opportunities with EU

Views - 6 Tuesday, 26 September 2017 00:00

A delegation from Sri Lanka led by Foreign Minister Thilak Marapana and Deputy Minister of National Policies and Economic Affairs Harsha de Silva is to discuss enhancing trade opportunities with the European Union in Brussels, Belgium.


Renuka Capital buys 23% of On’ally Holdings for Rs. 173 m; CFT exits

Views - 16 Tuesday, 26 September 2017 00:00

Renuka Capital Plc has bought 23% stake in On’ally Holdings Plc for Rs. 173.4 million from Ceylon and Foreign Trades Plc.


Ceylon Chamber compiles registry of Northern SMEs

Views - 4 Tuesday, 26 September 2017 00:00

The Ceylon Chamber of Commerce has compiled a ‘Registry’ consisting details of the SMEs operating in the Northern Province.


OPA’s 30th Annual Conference kicks off on Thursday

Views - 5 Tuesday, 26 September 2017 00:00

The Annual Conference of the OPA is scheduled to take place for the 30th consecutive year. The inaugural ceremony of the 30th Annual Conference will be held on 28 September at the Cinnamon Lakeside Hotel, Colombo, 5:30 p.m. onwards.


President hikes price of imported big onion

Views - 6 Tuesday, 26 September 2017 00:00

President Maithripala Sirisena yesterday directed the Finance Ministry to impose a 100% levy on imported big onions.


New regulations for import of plugs and sockets

Views - 36 Monday, 25 September 2017 00:00

The Government as part of its efforts to reduce fatalities due to electrocution last week moved new regulations under the Import and Export Control Act to standardise power plugs and sockets within two years.


ICCSL to hold 51st Annual General Meeting on Friday

Views - 23 Monday, 25 September 2017 00:00

The International Chamber of Commerce Sri Lanka (ICCSL) which celebrates its 62 years anniversary this year will hold its 51st Annual General Meeting and the anniversary celebrations at the Hotel Galadari, Colombo on Friday 29 September at 7 p.m.


Experts warn of downside risks due to North Korea’s nuclear actions

Views - 19 Monday, 25 September 2017 00:00

Experts in the Asia Pacific region raised red flags over North Korea’s nuclear experiments, insisting they were posing significant downside risks to economies in the region.


Customs seizes a container of banned agrochemical glyphosate

Views - 40 Monday, 25 September 2017 00:00

The Customs Department has seized a container containing banned agricultural weedicide glyphosate, illegally imported to the island. The glyphosate stock has been imported from China.


Concessions for artistes under the new Tax Act

Views - 18 Monday, 25 September 2017 00:00

A tax concession of Rs. 500,000 will be granted under the new Tax Act to artistes for profits gained from production, the Finance Ministry has announced.


Amunugama chief guest at CPM Regional Management Conference 2017

Views - 8 Monday, 25 September 2017 00:00

Minister of Special Assignments Dr. Sarath Amunugama will be the chief guest at the inauguration of the Certified Professional Managers (CPM) Regional Management Conference to be hold on 26 September 2017 at 6.00 p.m. at the BMICH Committee room A.


UNDP signs MoU for first Social Innovation Lab

Views - 7 Monday, 25 September 2017 00:00

The Minister of Science, Technology and Research Susil Premajayantha and the United Nations Development Programme Country Director Jorn Soresensen, signed the joint project document to establish Sri Lanka’s first Social Innovation Lab in Sri Lanka


HNB takes 274 Singithi depositors on guided tour of Ratmalana Airport and Colombo Port

Views - 12 Saturday, 23 September 2017 00:06

Seeking to cultivate the savings habit in young Sri Lankans, Hatton National Bank rewarded 274 selected winners of the HNB Singithi Depositors competition together with their parents for a special educational tour around a series of landmark location


LECS partners Metropolitan as Gold Partner for ‘Office 2017’

Views - 5 Saturday, 23 September 2017 00:05

Workplace solutions leader Metropolitan Holdings Ltd. partnered as the Gold Sponsor for Office 2017, an exclusive exhibition showcasing the complete workplace solutions to be held in September.


British Way Academy rewarded at MASSCO Business Excellency Awards 2017

Views - 9 Saturday, 23 September 2017 00:04

In recognition of the dedicated service of uplifting the knowledge of English among the youth in Sri Lanka British Way English Academy was awarded at the recently concluded MASSCO Business Excellency Awards 2017 held at Hotel Ramada. Here British Way


SOLAKRO Paints receives Bronze at CNCI Achiever Awards

Views - 5 Saturday, 23 September 2017 00:04

GB Coatings Ltd., one of the leading companies who manufacture interior and exterior paints and related products won the Bronze Award in National Level Manufacturing Sector – Medium Category at Achiever Awards Ceremony 2017 organised by the Ceylon


Mobitel Official Mobile Partner for Future of Tourism Summit 2017

Views - 6 Saturday, 23 September 2017 00:03

The National Mobile Service Provider, Mobitel is the Official Mobile Partner for ‘Cinnamon Future of Tourism Summit 2017’ to be held on 26 September, hosted by Cinnamon Hotels & Resorts. The summit is expected to attract 400 participants from the


Mobitel partners with Fairfirst InsuranceThe National Mobile Service Provider Mobitel, has partnered

Views - 11 Saturday, 23 September 2017 00:03

The National Mobile Service Provider Mobitel, has partnered with Fairfirst Insurance to offer customers an innovative micro-insurance cover that provides customers financial assistance when the insured is confined to bed due to physical disablement o


Parliament discusses Sustainable Development Bill

Views - 4 Saturday, 23 September 2017 00:01

The Government moved the Sri Lanka Sustainable Development Bill on Thursday in Parliament to provide for the development and implementation of a national policy and strategy for sustainable development of the country and for the establishment of a Su


SriLankan Catering wins another Presidential Export Award

Views - 25 Friday, 22 September 2017 00:00

SriLankan Catering Ltd. (SLC), a fully-owned subsidiary of National Carrier SriLankan Airlines, was named the winner of yet another Presidential Export Award, the third such award in recent years, as recognition for its steadfast commitment to suppor


CIMA President calls on Mangala

Views - 19 Friday, 22 September 2017 00:00

Chartered Institute of Management Accountant (CIMA) President David Stanford paid a courtesy call on Minister of Finance and Mass Media Mangala Samaraweera yesterday at the Treasury.


Sri Lanka to produce ornamental fish of high standard

Views - 19 Friday, 22 September 2017 00:00

The construction of the maiden fish breeding centre in Sri Lanka commenced recently at Sevanapitiya in Polonnaruwa.


Hub status brings regional consultations for National Export Strategy to Galle

Views - 13 Friday, 22 September 2017 00:00

Regional Consultations as part of the design of Sri Lanka’s National Export Strategy (NES) took place in Galle on 22 September.


First round of Regional Consultations for National Export Strategy kicks off in Kandy

Views - 24 Friday, 22 September 2017 00:00

Regional Consultations as part of the design of Sri Lanka’s National Export Strategy (NES) took place in Kandy on 18 September.


Packing it right!: Printcare takes Sri Lanka to pinnacle of print

Views - 53 Thursday, 21 September 2017 00:00

The Chairman of Sri Lanka’s premier printing and packing company, Printcare, opines that the local industry must make better use of its competitive advantages to take on global markets, whilst the Government must work harder to improve business inf


Oxo-Biodegradable additives to transform Sri Lanka’s plastic industry  

Views - 97 Thursday, 21 September 2017 00:00

The Sri Lankan polythene industry, which was under threat after the implementation of several bans, will gain a lifeline with New Nawaloka Trading Company’s newest product Oxo-Biodegradable (OBD) additives, an ingredient which causes plastics to de


British High Commission Colombo celebrates Britain’s creative industries

Views - 43 Thursday, 21 September 2017 00:00

20th Century Fox, together with the British High Commission and Skyline Entertainment Ltd., celebrated Britain’s creative industries during a reception to launch the film ‘Kingsman: The Golden Circle’.


Sri Lanka unleashes support for world class porcelain, red clay and glass layers

Views - 53 Wednesday, 20 September 2017 00:00

Sri Lanka has begun boosting its world class porcelain, glass and red-clay industry segments with a host of new initiatives – and has also realised that the red-clay sector that is now surging as a result of next year’s Asbestos ban, packs consid


Mahinda visits second biggest shipping line MSC to woo more biz to Colombo Port

Views - 40 Wednesday, 20 September 2017 00:00

Minister Ports and Shipping Mahinda Samarasinghe and Sri Lanka Ports Authority Chairman Dr. Parakrama Dissanayake paid a courtesy visit to the Head Office of Mediterranean Shipping Company S.A (MSC), based in Geneva, Switzerland.


UN SDGs key criteria for evaluation at Best Corporate Citizen Sustainability Award 2017

Views - 8 Wednesday, 20 September 2017 00:00

‘Best Corporate Citizen Sustainability Award 2017’ will take into consideration the sustainable work done by local firms in line with the 17 UN Sustainable Development Goals, when evaluating applications forwarded by companies for this year’s c


Today's Columnists

Sustainable tourism – New profit for businesses

Tuesday, 26 September 2017

World Tourism Day has been celebrated since 1980 on 27 September, the day in which the Statutes of the World Tourism Organization (UNWTO) entered into force.


Do economic sanctions matter to Iran?

Tuesday, 26 September 2017

Economic sanctions are not a new phenomenon to Iran. It has been 38 years since the Iranian revolution (1979) took place. Since then, the United States, European Union and some other countries have been imposing


It is an uphill task for the Govt. to attain the envisaged targets

Monday, 25 September 2017

In Part 1 of the article series on the Government’s Vision 2025 published last week, it was pointed out that the present vision document was just the fourth of such visions pronounced by the Government during the last two year period.


Women for tourism

Monday, 25 September 2017

Tourism is one of the world’s largest and fastest growing industries. In many countries it acts as an engine for development through foreign exchange earnings and the creation of direct and indirect employment.


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