Business

Nestlé delivers Rs. 37.3 b sales in 2018 amidst challenging market conditions

Views - 21 Saturday, 23 February 2019 00:10

Nestlé Lanka Plc said yesterday it delivered a revenue of Rs. 37.3 billion and a net profit of Rs. 3.5 billion for the full year ending 31 December 2018, amidst challenging market conditions. Revenue for the fourth quarter was Rs. 9.4 billion with a


People’s Leasing one of 10 best companies in SL at Best Corporate Citizen Sustainability Awards

Views - 12 Saturday, 23 February 2019 00:00

People’s Leasing & Finance PLC (PLC), the benchmark company in Sri Lanka’s leasing and non-bank finance sector affiliated to People’s Bank was recognised as one of the 10 best companies in Sri Lanka, at the ‘Best Corporate Citizen Sustainabil


Kantale celebrates Mobitel Cash Bonanza Carnival

Views - 7 Saturday, 23 February 2019 00:00

Mobitel held its latest ‘Mobitel Cash Bonanza Carnival’ at the Agrabodhi Vidyaleeya Grounds in Kantale, on 26 January. The Carnival offers day-long fun activities for the whole family, including bunjee jumping, art competitions, gaming zone p


Pannipitiya Private Hospital launches new mobile medical and laboratory services

Views - 6 Saturday, 23 February 2019 00:00

The Pannipitiya Private Hospital, which is one of the leading private hospitals, has taken yet another step forward and introduced round-the-clock mobile medical and laboratory services. To obtain this service, that is launche


CMC to remove unauthorised structures from pavements

Views - 38 Saturday, 23 February 2019 00:00

Western Province Governor M. Azath S Salley sthis week said that all unauthorised structures on the pavements will be removed after giving due notice to the occupiers. The Governor was speaking to the press following a morning meeting with Power, En


MTD Walkers sets the record straight

Views - 306 Friday, 22 February 2019 00:00

The following information is presented to the readers of this newspaper by the senior management of the Walkers CML Group with reference to the guest column by Tennekoon Rusiripala titled ‘Prudential banking and saga of MTD Walkers’. “The follo


India to help set up Information Technology Park in Jaffna with Rs. 250 m grant

Views - 293 Friday, 22 February 2019 00:00

India and Sri Lanka yesterday signed a Memorandum of Understanding (MoU) to establish a Business Centre for ICT incubators/accelerators in Jaffna through a grant of Rs. 250 million from the Government of India. The MoU was signed by High Commissioner


LAUGFS Chairman honoured with ‘Hall of Fame’ award by FCCISL

Views - 22 Friday, 22 February 2019 00:00

Recognising his exemplary contribution to the country, LAUGFS Holdings Chairman W.K.H. Wegapitiya was awarded the prestigious ‘Hall of Fame’ award by the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) at the 23rd Sri Lankan


Leema Creations recognised as best in interior solutions industry

Views - 15 Friday, 22 February 2019 00:00

Leema Creations Ltd., the foremost interior solutions provider and the home & office furniture manufacturer had been recognised as the best in the industry by Federation of Chambers of Commerce and Industry in Sri Lanka (FCCISL) at their annual Award


Dr. Senaka De Silva appointed Chairman of Water Resources Board

Views - 43 Friday, 22 February 2019 00:00

Dr. Senaka De Silva has been appointed as the new Chairman of the Water Resources Board. The appointment letter was handed over by Agriculture and Rural Economic Affairs, Livestock Development, Irrigation and Fisheries and Aquatic Resources Developme


Reunion of Ruhuna Alumni

Views - 9 Friday, 22 February 2019 00:00

The Annual General Meeting (AGM) and the Reunion of the Ruhuna University Alumni Colombo Association (RUACA) will be held at “Ape Gama”, Battaramulla at 9.30 am on 23 February. This event coincides with commemoration of the 40th anniversary of th


MTD Walkers PLC further enjoined from transferring its shares till 7 March

Views - 96 Thursday, 21 February 2019 02:16

By T. Farook Thajudeen Colombo Commercial High Court yesterday further enjoined MTD Walkers PLC from transferring its shares in the name of third parties until March 7. At the outset of the inquiry Counsel for D.L.M. De Seram, appearing on behalf of


Sri Lanka apparel exports $ 5 b milestone, what lessons to learn and what does it mean for SL?

Views - 280 Thursday, 21 February 2019 01:12

The export figures in December 2018 saw Sri Lanka’s ready-made garments industry for the first time crossing the $ 5 billion mark for the first time in history. It is the first export industry that has achieved this number in Sri Lanka since the co


A new route to global markets

Views - 199 Thursday, 21 February 2019 01:06

A country’s economic prosperity is associated with the ownership of powerful global brands. Look at the world’s most valuable brands and see who owns them. Many companies headquartered in the USA: Apple, Google, Amazon, Microsoft, Coca-Cola, Disn


Hambantota District Chamber of Commerce celebrates 25th anniversary

Views - 50 Wednesday, 20 February 2019 00:00

The Hambantota District Chamber of Commerce (HCCC) celebrated 25 years of exemplary service to the business community and youth in the District. Established on 9 August 1993, HCCC is the first district Chamber of Commerce in Sri Lanka and one of th


Reducing gender gap boosts Lankan economy says WB Vice President for South Asia Region

Views - 108 Wednesday, 20 February 2019 00:00

The World Bank Vice President for South Asia Region, Hartwig Schafer concluded his three-day visit to Sri Lanka on Friday with a commitment to work with public and private sectors to create the space for women to access work and remain at work.  Evi


Dr. Parakrama Dissanayake meets UK Maritime Minister

Views - 41 Wednesday, 20 February 2019 00:00

Dr. Parakrama Dissanayake, the first non-British International President of The Institute of Chartered Shipbrokers, UK, founded in 1911, Royal Charter conferred in 1920, is seen here with UK Maritime Minister Nusrat Shani M.P., at the Chartered Shipb


Rajitha rejects claims of contaminants in imported milk

Views - 30 Wednesday, 20 February 2019 00:00

Health Minister Dr. Rajitha Senaratne yesterday rejected claims of contaminants in imported milk power insisting all imports were on par with local and international standards with tests done by both the State and companies before before b


Indian firm to manufacture aluminium food containers, aluminium wrap under new BOI deal

Views - 45 Wednesday, 20 February 2019 00:00

The Board of Investment of Sri Lanka signed an agreement with ARD Aluminium Ltd. to set up a factory to manufacture aluminium food containers with lids and aluminium homefoil wrap for food. Currently these products which are popularly used by the cat


HCP Consulting joins hands with SLCSMI to strategise SME agenda

Views - 365 Wednesday, 20 February 2019 00:00

Sri Lanka Chamber of Small and Medium Industries (SLCSMI) recently signed a Memorandum of Understanding (MoU) with HCP Consulting; a business and management consulting firm providing end-to-end consulting and grooming services to the SMEs and start-u


Pathfinder Director awarded ‘Adjunct Professorship’ by National Institute of South China Sea Studies

Views - 18 Tuesday, 19 February 2019 00:00

Director of the Centres for ‘Indo-Lanka Initiatives’ and ‘Law of the Sea’ of the Pathfinder Foundation (PF), Admiral Prof. Jayanath Colombage was awarded an ‘Adjunct Professorship’ by the President of the National Institute of South China


Ironman 70.3 Colombo to attract over $3.5 m “racecation” revenue for SL

Views - 205 Tuesday, 19 February 2019 00:00

By DivyaThotawatte The second edition of SO Sri Lanka Ironman 70.3 Colombo is set to kick off on 25 February while expecting revenue of over $3.5 million from nearly 2,000 tourists visiting the country for the event. The country’s biggest internat


Colombo to host first SAARC Woman Entrepreneur Awards

Views - 89 Monday, 18 February 2019 02:08

To recognise the exemplary success of women entrepreneurs in the SAARC region and to create strong role models to draw inspiration from, the SAARC Chamber Women Entrepreneur Council (SCWEC), under the leadership of its Chairperson, Rifa Musthapha wil


SLT Annual Report recognised by SAFA Best Presented Annual Report Awards 2018

Views - 34 Monday, 18 February 2019 02:07

National ICT solutions provider Sri Lanka Telecom (SLT) was recognised once again at the South Asian Federation of Accountants (SAFA) Best Presented Annual Report Awards and SAARC Anniversary Awards for Corporate Governance Disclosures 2017 for the c


Ceramics and glass industry calls for effective support to boost socio-economic growth

Views - 133 Monday, 18 February 2019 01:49

The commercial ceramic industry of Sri Lanka was one of the pioneering industries of Sri Lanka. It had its beginnings from colonial times when a Royal Commission recommended ceramics as a suitable industry for the country. The industry underwent a pa


Boston Devices receives Service Excellence award

Views - 34 Monday, 18 February 2019 01:44

Boston Devices Ltd., the air conditioning and convection systems provider of the Marino Mall multipurpose development project, was appreciated and presented with a Service Excellence award and a certificate for successful completion of the project. T


Smart City consultant Corey Grey in Sri Lanka

Views - 169 Monday, 18 February 2019 01:42

CEO LVX Global CEO Corey Grey is in Sri Lanka to meet the key people in state establishments and corporate firms to discuss possibilities of smart city implementations in the country. Smart city technologies are extensively used in developed countrie


Manufacturing and Services activities rise in January

Views - 127 Monday, 18 February 2019 00:00

Manufacturing and Services activities expanded at a higher rate in January this year compared to December 2018, according to the latest Purchasing Managers Index released by the Central Bank. This was mainly driven by the expansion in employment and


World Bank commends the progress of Sri Lanka poverty alleviation programs

Views - 120 Monday, 18 February 2019 00:00

The World Bank has commended the progress achieved in the programs launched by Sri Lanka to alleviate poverty among rural masses. World Bank Vice President South Asia Region Dr. Hartwig Schafer, who was on a brief visit to Sri Lanka, called on Presid


Chilaw prawn farmers benefit by electricity project

Views - 42 Saturday, 16 February 2019 00:10

Minister Daya Gamage visited prawn farms in the Pinkattiya, Chilaw area and identified the issues faced by the small- and medium-scale prawn’ farmers. Farmers in this area have faced many difficulties due to a lack of electricity for their producti


Today's Columnists

Discipline and freedom under the reign of Gota

Saturday, 23 February 2019

There’s nothing like a well-crafted marketing slogan for a prospective Presidential candidate. Gotabaya Rajapaksa is emerging more clearly into the daylight as the Opposition’s candidate for executive president. Against a redone image in the back


The chainsaw massacre and other ‘lawful’ horror stories

Friday, 22 February 2019

Admit it. The headline hooked you. Hope you won’t be disappointed. There are no gory scenes featuring dismembered limbs here. However you might read about the long arm of the law being truncated. Perhaps a chilling scene where the mask of the murde


What went wrong with Sri Lanka?

Friday, 22 February 2019

If Sri Lanka wants to get out of the present miserable situation, it needs to make a profound change, a paradigm shift in the way it views at everything including the religious, political and economic issues. Such a change could be made only by loo


Regulating foreign workers now a top priority

Friday, 22 February 2019

Sri Lanka is today facing a domestic labour shortage in some key sectors and industries. While demographic, social attitudes, expansion of the economy and outward labour emigration are contributing to the shortfall. Generally a lack of interest in ce


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