Business

Indira Malwatte joins Cargills Board

Views - 76 Thursday, 23 January 2020 02:26

Top export promotional professional Indira Malwatte has joined the Cargills (Ceylon) Plc Board as an Independent Non-Executive Director. Malwatte holds a Combined Degree in Economics and Geography from the University of Peradeniya Sri Lanka and was t


ICCSL calls on Central Bank Governor

Views - 133 Thursday, 23 January 2020 02:24

The members of the Executive and Banking Committee of the International Chamber of Commerce Sri Lanka called on Central Bank Governor Prof. W.D. Lakshman at the Central Bank Governor’s Office to discuss opportunities for the Chamber to collaborate


Cabinet nod to purchase paddy at Rs. 50 through PMB

Views - 24 Thursday, 23 January 2020 02:23

Cabinet yesterday gave the go-ahead to purchase paddy at Rs. 50 per kilo during the upcoming Maha season. The proposal for the paddy to be purchased by the Paddy Marketing Board (PMD) at this price was made by Minister of Mahaweli, Agriculture, Irrig


Norwegian Ambassador to open Sri Lanka’s first floating solar plant in Kilinochchi

Views - 851 Thursday, 23 January 2020 02:23

Norwegian Ambassador Trine Jøranli Eskeda will open Sri Lanka’s first floating solar plant in Kilinochchi tomorrow.   The floating solar plant is a result of the research collaboration since 2017 between the University of Jaffna and the Western N


Recruitment of 100,000 unemployed poor begins

Views - 38 Thursday, 23 January 2020 02:22

The program to recruit 100,000 unskilled and low-educated individuals from low-income families has commenced, with the purpose of providing permanent employment to this segment of the society, to maintain a high level of social welfare in a people-ce


oDoc named one of India’s top 50 disruptive startups

Views - 56 Thursday, 23 January 2020 02:21

oDoc has been recognised as one of India’s top 50 disruptive startups for 2019 by YourStory. YourStory is India’s largest media-tech company for startups, entrepreneurs, investors, innovators and changemakers. Having only started their Indian o


Dipped Products showcase at Intersec Dubai

Views - 21 Thursday, 23 January 2020 02:19

Dipped Products PLC (DPL) has participated at the 22nd edition of Intersec Dubai held from 19 to 21 January, 2020. After a bustling three days of activities, idea sharing, innovative product displays, networking and gaining insight from industry expe


DSI partners Jaffna International Trade Fair as official footwear partner

Views - 14 Thursday, 23 January 2020 02:18

The 11th Jaffna International Trade Fair is set to commence on 24 January at the Muttraweli Grounds. DSI, Sri Lanka’s leading footwear brand will be partnering the fair as official footwear partner once again, having extended its support in a simil


Seminar on new trends in packaging

Views - 12 Thursday, 23 January 2020 02:17

A product’s packaging communicates many things, from what the product can do for your customers to your company’s values. It can be argued that the packaging of a product is as important as the product itself, because it can act as a crucial mark


SL’s participation for 1st time at ‘Indusfood – Tech 2020’ witnesses positive responses for SMEs

Views - 136 Wednesday, 22 January 2020 02:36

The Ceylon Chamber of Commerce in association with the Trade Promotion Council of India (TPCI) and the Sri Lanka High Commission in India organised Sri Lanka’s participation for the first time, at the ‘Indusfood – Tech 2020’ Trade Fair, held


UltraTech Cement cuts prices

Views - 48 Wednesday, 22 January 2020 02:35

UltraTech Cement, the widely preferred and trusted brand by industry experts and key developers, will now be available to retail consumers at an improved price. In addition to passing on the benefits of the reduction in VAT and removal of NBT on 1 


​Shyamalie Wijegunawardena of Spring & Summer ‘No. 1 Female Entrepreneur in Large Business Category’

Views - 29 Wednesday, 22 January 2020 02:35

Spring & Summer Fashion Collection Ltd. Co-Founder Shyamalie Wijegunawardena was recognised as Number 1 Female Entrepreneur in the Large Business Category at the International Conference of Women’s Entrepreneurship (ICSE) on 4 December 2019 at Mari


December inflation rises to 6.2%

Views - 51 Wednesday, 22 January 2020 02:34

Headline inflation as measured by the year- on-year (YoY) change in the National Consumer Price Index increased to 6.2% in December 2019 from 4.1% in November 2019.  This was driven by monthly increase of prices of items in the Food category along w


Local milk powder manufacturer wins in court

Views - 125 Wednesday, 22 January 2020 02:34

The Commercial High Colombo recently determined a case in relation to the much discussed topic of milk powder filed by Fonterra Brands Lanka Ltd., Maliban Milk Products Ltd., P.M. Mohamedali & Company as joint Plaintiffs under the Intellectual Proper


CMA SL Conference on ‘Financial and Cost and Management Accounting for Development of SMEs’ on 24 Jan

Views - 55 Wednesday, 22 January 2020 02:21

The Institute of Certified Management of Accountants of Sri Lanka (CMA-Sri Lanka) will host the Conference on ‘Financial and Cost and Management Accounting for Development of SMEs’ on Friday 24 January at the Taj Samudra from 8.30am to 5.00pm. A


Discussion on Belt and Road Initiative, challenges and way forward

Views - 46 Wednesday, 22 January 2020 02:18

The Ceylon Chamber of Commerce together with the Pathfinder Foundation will hold an informative discussion on the Belt and Road Initiative (BRI) on 27 January. The BRI program initiated by the Chinese Government aims to connect Asia with Africa and E


IFAC President Dr. In-Ki Joo in Sri Lanka

Views - 18 Wednesday, 22 January 2020 02:17

Signalling a fresh boost to the ties enjoyed between the global organisation for the accountancy profession and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the incumbent President of the International Federation of Accountants


‘fromSriLanka.com’: New era for Sri Lankan products in the global market

Views - 91 Tuesday, 21 January 2020 00:00

The National Chamber of Commerce of Sri Lanka is proud and happy to announce the launch of ‘fromSriLanka.com’ platform, aimed at supporting Sri Lankan companies to promote their products and services into the global market. Sri Lanka is best know


International exposure for Sri Lankan boat manufacturers at ‘Boot Show’ – Dusseldorf, Germany

Views - 157 Tuesday, 21 January 2020 00:00

The delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) together with the Export Development Board (EDB) organised the first-ever Sri Lankan pavilion at the world’s leading boat exhibition ‘Boot Show’ in Dusseldorf, Germany.


Common wastewater treatment plant expansion project for Seethawaka EPZ

Views - 56 Tuesday, 21 January 2020 00:00

Cabinet last week approved a proposal by the Minister of Industrial Export and Investment Promotion Prasanna Ranatunga to implement the ‘Augmentation of the Common Wastewater Treatment Plant’ project at the Seethawaka Export Processing Zone, to d


Sri Lanka COSMI Founder President appointed to London’s Peace Institute

Views - 22 Tuesday, 21 January 2020 00:00

The Founder President of Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) has been appointed as the Co-Chairperson of the London-based Global Peace Institute (GPI) which conducts interdisciplinary research in several thema


EDB Chairman meets country’s leading apparel exporters

Views - 312 Tuesday, 21 January 2020 00:00

Prabhash Subasinghe, the newly-appointed Chairman of the Sri Lanka Export Development Board (EDB), met with the nation’s leading apparel exporters last Friday (17) at the Board premises. At the outset, Subasinghe expressed his gratitude to the Sri


Norway to host panel discussion on clean energy investments in Sri Lanka

Views - 47 Tuesday, 21 January 2020 00:00

The Norwegian Embassy in Colombo in partnership with the University of Jaffna and the Western Norway University of Applied Sciences is hosting an expert panel discussion titled ‘A new Decade: Investing in Clean Energy in Sri Lanka – Drivers and B


China XD Group ready to invest in 200 MW renewable energy plant

Views - 89 Tuesday, 21 January 2020 00:00

China XD Group, the largest State-owned power transmission line equipment manufacturing company in China, visited Sri Lanka to explore opportunity in renewable energy. China XD Asia Business Development Head Tao and his team along with Powerdrive Tec


Forum on Sri Lanka’s Economic Direction 2020 and Beyond

Views - 55 Tuesday, 21 January 2020 00:00

A forum discussing Sri Lanka’s economic direction for 2020, organised by the Sri Lanka-Malaysia Business Council, will take place on 27 January. The event will include some of the country’s key business and economic leaders, who will discuss the


“We can’t wait”: Maldives desperate for funds as islands risk going under

Views - 28 Tuesday, 21 January 2020 00:00

NEW DELHI (Reuters): The tropical Maldives may lose entire islands unless it can quickly access cheap financing to fight the impact of climate change, its foreign minister said.


Jagath Perera appointed Chairman of Lanka Transformers

Views - 86 Monday, 20 January 2020 04:04

The Transport Services, Electricity and Energy Ministry recently appointed Jagath Perera as the new Chairman of Lanka Transformers Ltd. The appointment letter was handed over to Perera last week by Transport Services, Electricity and Energy Minister


Trade deficit contraction continues

Views - 64 Monday, 20 January 2020 04:04

Central Bank on Friday said the trade deficit contracted marginally in November 2019 (year-on-year), with both imports and exports declining. During the first 11 months of 2019, the trade deficit contracted compared to the corresponding period in 20


Key regulations on fisheries industry to be debated in P’ment tomorrow

Views - 28 Monday, 20 January 2020 04:02

By Chandani Kirinde Parliament will take up for debate tomorrow nine regulations under the Fisheries and Aquatic Resources Act including the prohibition on disposal of industrial or domestic effluent directly or indirectly to Sri Lanka Waters.  Thes


Grundfos’ new cloud-based service app to reduce downtime for Thailand’s critical infrastructure

Views - 20 Monday, 20 January 2020 03:50

In line with Thailand’s transformation into a digital economy, global pump manufacturer Grundfos today announced the launch of its new cloud-based service app in Thailand to reduce downtime for key infrastructure in the country. The growth of consu


Today's Columnists

Research and Development: Is it essential for Sri Lanka?

Thursday, 23 January 2020

Not long ago, on the day of our 71st Independence Day celebrations, the Army for the first time in our history paraded a locally built Multi-Barrel rocket launcher. It was never revealed that the Sri Lanka Army had an R&D wing named Center for Resear


Our heritage is Kandyan law; not Roman Dutch law as Rathana Thero thinks

Thursday, 23 January 2020

There were four bills presented by private members to the Parliament on 8 January (one bill is to be presented) which were already advertised in the gazette. They were to repeal the Kandyan Marriage and Divorce Act No. 44 of 1952; to repeal the Musli


Sri Lanka at tipping point ?

Thursday, 23 January 2020

Let’s accept it, Sri Lanka is in trouble with the economy growing at +2.6%, exports declining for the fifth month in a row to register a marginal +1% growth, tourism declining by -20% and S&P credit rating at B with Negative Outlook, which sure ind


The importance of business incubators for emergence of new businesses

Thursday, 23 January 2020

The new Government is poised to enter an arena in the development of entrepreneurship in the country which most of the developed countries have succeeded at the initial stages as well as in continuous efforts. The appointment of the new chairman and


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