Business

Alumex introduces Sri Lanka’s first locally manufactured proprietary aluminium systems

Views - 3 Thursday, 24 October 2019 01:34

Sri Lanka’s aluminium industry market leaders, Alumex PLC, a subsidiary of Hayleys Group, announced the introduction of a new range of internationally accredited aluminium proprietary product ranges for the domestic and commercial markets under the


Accused fined Rs. 400,000 for 5 smuggled cigarettes

Views - 3 Thursday, 24 October 2019 01:33

A suspect pleaded guilty on Tuesday for the possession of 5 smuggled sticks of Marlborough cigarettes, and was fined Rs. 400,000 by the Gampaha Magistrate. The case was carried out by the Weeragula Police. Sri Lanka has seen a surge in detections of


Commercial High Court issues enjoining order against Ceramica Bathrooms

Views - 3 Thursday, 24 October 2019 01:32

The Commercial High Court of Colombo has issued an Enjoining Order against Ceramica Bathrooms Ltd., on hearing an application filed by Tokyo Cement Company (Lanka) PLC (the Plaintiff), indicating that the Defendant Ceramica Bathrooms Ltd. is engaged


ISMM celebrates 47th anniversary at Waters Edge today

Views - 3 Thursday, 24 October 2019 01:32

The 47th anniversary of the Institute of Supply and Materials Management (ISMM), the pioneer supply chain education institution in Sri Lanka, established in 1972, celebrates its 47th Anniversary with a banquet and get-together of its members, numberi


ICCSL meets with Afghanistan Ambassador

Views - 3 Thursday, 24 October 2019 01:32

The international Chamber of Commerce of Sri Lanka, in order to strengthen ties with Afghanistan’s business chambers, met with the Ambassador of Afghanistan to Sri Lanka M. Ashraf Haidari last week to discuss potential business opportunities. The


Colombo Innovation Tower launches inaugural ‘Innovation Broadcast’ with ‘Fintech Futures’ program

Views - 3 Thursday, 24 October 2019 01:15

Presented by the Colombo Innovation Tower (CIT) and endorsed by the Fintech Association of Sri Lanka, ‘Fintech Futures’ is a session that invites the Lankan banking and financial sector to delve right into the future of banking, payment managemen


Sri Lanka-Canada trade surges on rising exports

Views - 33 Wednesday, 23 October 2019 03:35

Though Sri Lanka-Canada bilateral trade is modest, surging Sri Lankan exports to Canada could turn it around. “Annual Canada-Sri Lanka trade values at present show an unexploited trade potential that needs to be explored,” said Minister of Indust


JLanka to display Sri Lankan renewable energy and emerging technologies at WETEX 2019 Dubai

Views - 123 Wednesday, 23 October 2019 03:34

Sri Lanka’s foremost renewable energy and technology solutions provider, JLanka Technologies, is all set to display the company’s pioneering energy solutions and innovative technologies at the leading global Water, Energy, Technology and Environm


Presentation on Port City Colombo and ‘One Belt One Road’ Initiative

Views - 78 Wednesday, 23 October 2019 03:33

A seminar on ‘The Port City Colombo: Opportunities, Legal Implications and Contractual Issues’ will be held on the 30 October at the Sri Lanka Foundation Institute, Colombo 07, from 2.00 p.m to 5.00 p.m. Port City Colombo is a brand new city dev


Concrete electric poles manufactured in SL under BOI agreement bring benefits

Views - 37 Wednesday, 23 October 2019 03:33

The Board of Investment of Sri Lanka has signed a Supplementary agreement with M/s Senaka Zenn Ltd. to set up a project to manufacture pre-stressed spun concrete electrical poles, piles and railway sleepers with an improved technology, for both local


EDB organises Sri Lanka pavilion at GITEX Technology Week

Views - 194 Wednesday, 23 October 2019 03:24

The Sri Lanka Export Development Board (EDB) organised a Sri Lanka country pavilion at the GITEX Technology Week, held from 6-10 October. Six Sri Lankan technology SME companies participated in GITEX Technology Week 2019. The Sri Lankan exhibitors r


Venture Frontier Lanka Entrepreneurship Caravan

Views - 88 Wednesday, 23 October 2019 03:15

Venture Frontier Lanka is bringing experts in entrepreneurship from around the country to cities throughout Sri Lanka to train local entrepreneurs. Venture Frontier Lanka Entrepreneurship Caravan is setting out to train young minds to think different


IESL celebrates 113th Anniversary

Views - 16 Wednesday, 23 October 2019 03:13

The 113th Annual Sessions of the Institution of Engineers, Sri Lanka (IESL) was ceremonially inaugurated on 14 October at the Main Hall, BMICH in the presence of a large gathering of over a thousand participants. Chief of Defence Staff (CDS) Admiral


Minister De Silva meets UK’s International Trade Minister

Views - 20 Wednesday, 23 October 2019 02:53

Sri Lanka Economic Reforms and Public Distribution Minister Dr. Harsha de Silva met with State Minister for International Trade of the Department for International Trade of the United Kingdom, Conor Burns, on the sidelines of the Sri Lanka Investment


Disrupt Asia 2019 succeeds in shining definitive spotlight on Sri Lanka start-up ecosystem

Views - 21 Wednesday, 23 October 2019 02:52

The recent Disrupt Asia 2019 event helped Sri Lanka’s start-up ecosystem gain key insights, new connections and advice through purpose-driven messages. Organised by the Information and Communication Technology Agency (ICTA) of Sri Lanka, the Gover


US Embassy celebrates Sri Lanka’s makers and innovators with ‘Maker Fair’

Views - 17 Wednesday, 23 October 2019 02:38

‘Maker Fair 2019’ drew more than 7,000 people to Colombo’s Trace Expert City and showcased aspiring inventors, innovators, and entrepreneurs from across Sri Lanka. The event, hosted by the US Embassy and the American Centre, featured more than


SL Commissioner General for Expo 2020 Dubai meets UAE Ambassador to review Expo progress

Views - 22 Tuesday, 22 October 2019 00:05

Commissioner General of Sri Lanka for Expo 2020 Dubai Indira Malwatte, who is the Exports Development Board Chairperson and Chief Executive, together with private sector stakeholders; Secretary Generals of the National Chamber of Exporters and Nation


Future of Business innovation strategy and learning event tomorrow

Views - 95 Tuesday, 22 October 2019 00:01

The Future of Business innovation strategy and learning event to be held tomorrow (23 October) will feature local and international champions and ‘doers’ of innovation. Participants will get a unique insight from those driving change in sectors s


Aitken Spence consistently ranked among Top 10 Most Respected Entities in Sri Lanka

Views - 93 Monday, 21 October 2019 00:17

Inspired by their heritage and entrepreneurial journey of over 150 years, Aitken Spence shines among the Top 10 of LMD’s Most Respected Entities hall of fame 2019. Being a conglomerate that has pioneered many successful ventures whilst delivering l


New Alutech Group honoured at annual Nelson Mandela Peace Awards

Views - 21 Monday, 21 October 2019 00:16

New Alutech Group Chairman Anil De Silva was honoured at the Annual Nelson Mandela Peace Awards, organised by Achievers Foundation and Viswam Campus, under the patronage of South African High Commissioner Robina Marks. With more than 30 years of expe


Arogya Farm recognised at Mahaweli Entrepreneurship Presidential Awards 2019

Views - 24 Monday, 21 October 2019 00:13

With the motive of providing high quality fresh, delicious and nutritional eggs to the Sri Lankan market, Arogya Farm Ltd. was recently awarded second place in the ‘Livestock Sector’ category (Large Scale) at the Mahaweli Entrepreneurship Preside


COYLE holds workshop on ‘Entrepreneur Development’ in Jaffna

Views - 44 Saturday, 19 October 2019 00:10

The Chamber of Young Lankan Entrepreneurs (COYLE) held a workshop on ‘Entrepreneur Development’ in Jaffna on 28 September. A team of senior businessmen, executives and professionals with extensive experience in management and business administra


K Zone Ja-Ela and Moratuwa announce winners of malls’ most extravagant cash bonanza

Views - 20 Saturday, 19 October 2019 00:10

Sri Lanka’s favourite urban neighbourhood retail, leisure, and dining destination, K Zone, has announced the lucky winners of its exclusive ‘K Zone Millionaire’ and ‘K Zone Grand Giveaway’ promotion at their Ja-Ela and Moratuwa shopping mal


SL Retailers’ Association joins Federation of Asia Pacific Retailers Association

Views - 21 Saturday, 19 October 2019 00:10

Sri Lanka Retailers’ Association (SLRA) President Sidath Kodikara and SLRA Vice President Murali Prakash attended the 19th Asia-Pacific Retailers Convention and Exhibition (APRCE), which was held from 5 to 7 September, at Chongqing Yuelai Internati


Ocean Lanka celebrates ‘Sewa Abhiman 2019’ Loyalty Awards

Views - 19 Saturday, 19 October 2019 00:07

Ocean Lanka Ltd., Sri Lanka’s largest weft knitted fabric manufacturer, recently celebrated the ‘SewaAbhiman 2019’ Loyalty Awards, where gold coins were presented to 102 employees, who complete 10 years of service at the company. Speaking at t


Pan Asia Coloured Yarns wins again at NCE awards 2019

Views - 16 Saturday, 19 October 2019 00:05

Over the last 25 years, Pan Asia has been at the forefront of Polyester and Nylon production. Pan Asia has been a leader in this market segment in Sri Lanka. Backed by a specialised team trained in Korea with the support of Korean experts in the sett


SMEs need a level playing field

Views - 278 Friday, 18 October 2019 00:00

The International Chamber of Commerce Sri Lanka (ICCSL) elected a new Executive Committee for 2019/20 at the 53rd Annual General Meeting of the chamber held recently in Colombo. In this interview, ICCSL Chairman Dinesh Weerakkody outlines many of the


FCCISL forum on economic integration today

Views - 29 Friday, 18 October 2019 00:00

The Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), the focal point and the lead chamber of the SAARC Chamber of Commerce and Industry in Islamabad, Pakistan, is hosting a forum today on ‘Economic Integration; A Catalyst for


Minister Harsha de Silva presents ‘Opportunity Sri Lanka’ at LSE

Views - 74 Friday, 18 October 2019 00:00

Presenting ‘Opportunity Sri Lanka’ which encompasses Sri Lanka’s strategic location, unparalleled market access to South Asia, Europe, and America, and a talented workforce with a willingness to do business with the world, Economic Reforms and


Ninth EU-Sri Lanka investment dialogue held at MODSIT strengthens economic relations

Views - 36 Friday, 18 October 2019 00:00

The Ministry of Development Strategies and International Trade hosted the ninth EU-Sri Lanka Investor Dialogue, an instrument set up in 2017 to resolve issues faced by investors from the EU operating in Sri Lanka under the Board of Investment (BOI).


Today's Columnists

A 4D presidential ‘laugh-a-thon’ that’s not on

Thursday, 24 October 2019

A funny thing happened on the way to the forum. Where once we had a paucity of presidential candidates, we now have a superfluity of them. You would think that from this panoply of contenders who’ve thrown their hat in the ring, we’d be spoilt fo


Forgotten tranquil train journeys in Sri Lankan landscapes

Thursday, 24 October 2019

Railway transportation is considered as the multifaceted economic booster in the world. Switzerland is the role model in utilising railways in envisaging the above concept. The Nuwara Eliya railway line was an exclusion for tourism and freight. Back


Zero waste: a wish come true?

Thursday, 24 October 2019

Zero Waste is a concept, which focuses on waste prevention where essentially resource life cycles are redesigned in such a way that all products are used and no waste is created. It is well-aligned with a circular economy approach, which facilitates


Sri Lanka’s obsession with plastic bags

Thursday, 24 October 2019

At a time where the world expresses growing concerns about climate change, Sri Lanka is still oblivious to the impact of single-use plastic on the environment, marine biodiversity and humans. Ignorance may be bliss in some instances but, not when we


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