Business

Dedunu Fiber Mills wins three awards at Entrepreneurship Awards 2019

Views - 14 Saturday, 7 December 2019 00:04

Dedunu Fiber Mills was crowned winner of the Merit of Industry Manufacturing Sector, Large category, Best Value Added Enterprise and Best Energy Efficient Enterprise at Western Province Entrepreneurship Awards 2019. Speaking about this victory Dedu


145 nationalities and a kaleidoscope of cultures come together to make history on EK 2019

Views - 10 Saturday, 7 December 2019 00:04

Celebrating the unique unifying power of diversity in the UAE, the historic one-off Emirates A380 flight marking the 48th UAE National Day and the UAE Year of Tolerance has returned to Dubai International Airport. With over 540 passengers celebrating


Johnston wants Colombo Port cleaned

Views - 20 Saturday, 7 December 2019 00:02

Minister of Roads and Highways, Ports and Shipping Johnston Fernando yesterday instructed SLPA officials to maintain a healthy surrounding free of waste and debris during the ‘Shramadana’ program at the Colombo Port with the assistance of Port em


Interim orders issued against MBES Group vacated by Commercial High Court

Views - 10 Saturday, 7 December 2019 00:01

MBES Group Ltd., which is a leading wholesale distributor in commodities in the Central Province situated in Dambulla, is the subject matter of several cases before the Commercial High Court and the Supreme Court. On an application by a Director of


Smart Media appointed Training Foundation Partner for Integrated Reporting

Views - 60 Friday, 6 December 2019 00:00

Smart Media The Annual Report Company has been appointed a Training Foundation Partner for Integrated Reporting by the International Integrated Reporting Council (IIRC). The objective of this training is to develop the capacity, skills and flexibili


NDB triumphs at Best Corporate Citizen Sustainability Awards 2019

Views - 33 Friday, 6 December 2019 00:00

NDB Bank was honoured at the ‘Best Corporate Citizen Sustainability Award 2019’ as a Top Ten Best Corporate Citizen, at the annual event organised by the Ceylon Chamber of Commerce to recognise sustainable champions within the local corporate sph


Emerald International launches unique shirt collection with Renaissance Road Show

Views - 75 Friday, 6 December 2019 00:00

Colours, forms and designs steeped in the artistic classics of the Renaissance – brought together to create a collection unseen in the Sri Lankan menswear industry. That was the promise of the recently held Emerald International Road Show for Autu


Colombo Innovation Tower to empower creative industries

Views - 34 Friday, 6 December 2019 00:00

By Divya Thotawatte Creating a platform to connect the industry, Academy of Design (AOD) recently opened the Colombo Innovation Tower (CIT), bringing together start-ups, students and international knowledge experts to collaborate and design innovativ


Whopping year-end bonanza for ComBank Credit and Debit Card users

Views - 22 Friday, 6 December 2019 00:00

More than 2,500 outlets of Sri Lanka’s leading retailers of goods and services have come together to ensure that Credit and Debit Card holders of the Commercial Bank of Ceylon can end 2019 with a bang of unprecedented proportions. Covering every co


Happiness comes home this festive season: HNB announces array of special card offers

Views - 24 Friday, 6 December 2019 00:00

Sri Lanka’s most popular retail bank, HNB PLC, announced the launch of an expanded set of offers – this time including discounts up to 70% from a selection of over 200 of the most popular merchants island-wide – just in time for the start of th


Seylan Bank gears up to deliver a hearty Christmas

Views - 22 Friday, 6 December 2019 00:00

Christmas, the season of joy, love, and laughter is just around the corner. Understanding much-needed customer desires, Seylan Bank is ready to bring forth a ‘Hearty Christmas’ with some of the best credit card offers in the market, making Christ


Amazing discount offers for Pan Asia Bank credit cardholders this festive season

Views - 26 Friday, 6 December 2019 00:00

The end of the year is anticipated with hope, excitement and plans for a wonder holiday by all. Gearing up to fulfil the hopes and dreams of its credit card customers this year too, Pan Asia Bank has launched a range of exciting offers for its credit


Union Bank offers up to 50% savings to credit cardholders this season

Views - 16 Friday, 6 December 2019 00:00

Union Bank recently revealed the Bank’s seasonal credit cards discount scheme that offers up to 50% savings at over 100 merchant partner outlets island-wide. A key highlight amongst the offers are the exclusive discounts on a range of adventure an


Financial research and analytics giant Acuity Knowledge Partners to expand in Sri Lanka

Views - 1618 Thursday, 5 December 2019 00:00

The new owners of research and analytics firm Acuity Knowledge Partners (formerly a Moody›s Corporation subsidiary) are committed to expanding their operations in Sri Lanka, as they believe it is the fastest-growing location among their global deli


Women’s participation in economy should be considered national priority: US Envoy

Views - 27 Thursday, 5 December 2019 00:00

By Charumini de Silva US Ambassador Alaina B. Teplitz on Tuesday stressed women’s participation in the economy should be considered a matter of national economic security, as a prelude towards a more equal and inclusive development. Delivering the


First nine months tea industry overview

Views - 83 Thursday, 5 December 2019 00:00

By Ceylon Tea Brokers Plc The third quarter of the Sri Lankan tea industry in 2019 saw a decline in elevational averages in comparison to the second quarter. Increased tea production and export volumes were witnessed in the first three quarters in 20


Malik commends officials’ team for exceptional performance, contribution

Views - 65 Thursday, 5 December 2019 00:00

Former Development Strategies and International Trade Minister Malik Samarawickrama has in writing commended his officials’ team for their exceptional performance and contribution to enhancing exports and investments during his tenure. In a person


NSA for tea in November up Rs. 44.24 per kilo

Views - 41 Thursday, 5 December 2019 00:00

The National Sales Average (NSA) for tea in the month of November 2019 totalled Rs. 569.67 vis-à-vis Rs. 525.53 of October 2019, showing a significant increase of Rs. 44.24 month on month. In comparison to November 2018 average of Rs. 584.58, howeve


Carson’s Group Malaysian subsidiary sells down stake to Japanese firm for Rs. 2.17 b

Views - 45 Thursday, 5 December 2019 00:00

A Carson Group subsidiary in Malaysia has part sold its stake in food oil unit to a Japanese firm for Rs. 2.17 billion or $ 12 million. It said Premium Nutrients Ltd., a fully owned subsidiary of Goodhope Asia Holdings Ltd., has concluded a business


Mastercard and Takas.lk enter into strategic alliance agreement

Views - 294 Thursday, 5 December 2019 00:00

Mastercard, a technology company in the global payments industry having a global network that connects consumers, financial institutions, merchants, governments and businesses in more than 210 countries and territories recently entered into a strate


Samsung reveals special offers for large-screen QLED 8K, QLED and UHD TVs

Views - 31 Thursday, 5 December 2019 00:00

Samsung, Sri Lanka’s largest and most trusted consumer electronics brand, saw robust sales of its premium televisions in previous festival seasons, as consumers upsized to larger screen TVs and upgraded their lifestyles with new QLED technology and


Sony stall lights up Singer Lifestyle Fiesta

Views - 21 Thursday, 5 December 2019 00:00

Singer Lifestyle Fiesta, organised by Singer, country’s premier consumer durables retailer successfully concluded having achieved a remarkable sales growth from 21 to 23 November at the BMICH. Organised for the ninth consecutive year, Singer showc


Catchme.lk opens second store at One Galle Face Mall

Views - 24 Thursday, 5 December 2019 00:00

Online shopping platform Catchme.lk opened its second exclusive experience store at the One Galle Face Mall on 8 November. A fully-owned subsidiary of the Katalyst Group, Catchme.lk was established in 2012 by brothers Afthab and Siddeek Azeez and has


ComBank makes exceptional impression at Best Corporate Citizen awards

Views - 23 Thursday, 5 December 2019 00:00

The Commercial Bank of Ceylon’s commitment to people, the planet and profit – the three pillars of sustainability – saw Sri Lanka’s benchmark private bank win seven awards including the award for second place overall at the 2019 Best Corporat


Bank of Ceylon yet again adjudged among Top Ten Corporate Citizens

Views - 17 Thursday, 5 December 2019 00:00

The Bank of Ceylon was yet again adjudged among Top 10 Corporate Citizens in the country with a category award for Economic Contribution and another recognition for “consistent commitment and continuous improvement in economic contribution” at th


Abans Plc wins Silver Award for Annual Report for second consecutive year

Views - 227 Thursday, 5 December 2019 00:00

Abans Plc won the Silver Award under the Trading Companies category for the second consecutive year at the 55th Annual Report Awards 2019, conducted by the Institute of Chartered Accountants of Sri Lanka at a ceremony held on 3 December at Shangri-La


Slovenia congratulates new President, Prime Minister

Views - 11 Thursday, 5 December 2019 00:00

The President of the Republic Slovenia and the Prime Minister have respectively congratulated new President Gotabhaya Rajapaksa and Prime Minister Mahinda Rajapaksa. The respective congratulatory letters of Slovenia were released by its Honorary Cons


European Chamber to host networking evening on 10 Dec.

Views - 23 Thursday, 5 December 2019 00:00

The European Chamber of Commerce of Sri Lanka (ECCSL) will be hosting a European Networking Cocktail in honour of the Ambassador of the European Union (EU) to Sri Lanka and the Maldives Denis Chaibi. This networking event would provide an opportunity


HNB leads the way to a more sustainable future with 7 awards at CCC Best Corporate Citizen 2019

Views - 58 Wednesday, 4 December 2019 02:09

Sri Lanka’s most respected retail bank, HNB PLC continued to win prestigious acclaim for its efforts in driving a more sustainable banking and corporate culture, this year winning a total of seven awards at the recently concluded Ceylon Chamber of


Dr. Radhika Coomaraswamy steps down from JKH Board

Views - 137 Wednesday, 4 December 2019 02:08

Top professional Dr. Radhika Coomaraswamy has announced her resignation from the Board of Directors of John Keells Holdings Plc with effect from 31 December 2019. The move is due to personal reasons and the impending busy travel schedule arising from


Today's Columnists

Peace, business and prosperity

Saturday, 7 December 2019

Every nation, every community and each individual is facing the social and political impact along with the impact of violence. Interpersonal violence results in medical, policing and judicial costs immediately after the violent incident occurs and it


‘Data is the new oil’: An introduction to the proposed Data Protection Act

Friday, 6 December 2019

Data protection is not a concept we, in Sri Lanka, are familiar with. Globally, the laws surrounding data protection have been around for about 20 years. And we are only just about getting started. The proposed ‘Data Protection Act’ (hereinafter


Education: An integral part of entrepreneurship development

Friday, 6 December 2019

Governments across the world have recognised the importance of State intervention to encourage private sector innovation towards strengthening entrepreneurships in order to capitalise on comparative and competitive advantages. The main pillar of entr


Moving away from an insular mindset concerning the tea export business

Friday, 6 December 2019

Sri Lanka mainly produces Orthodox teas as opposed to CTC teas which are largely used in producing tea bags. We are ahead of others in the former category but unfortunately way behind on the latter due to our closed and insular policies. Assuming an


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