Business

Former world’s largest refugee village returns to life with $ 1.8 m apparel initiative

Views - 31 Monday, 20 November 2017 00:24

The Sri Lankan refugee displacement village, which entered the global spotlight as the world’s largest refugee camp at one time, has been brought back to life as part of a new $ 1.8 million national apparel initiative at the village level.


Business Hubs Sri Lanka one year on disrupting the way we work!

Views - 14 Monday, 20 November 2017 00:22

Exactly a year ago, the Nugegoda Business Hub hosted and launched the first-ever Global Entrepreneur Network (GEN) Sri Lanka Roundup, celebrating Global Entrepreneurship Week 2016, a weeklong global celebration of the entrepreneurial spirit.


PUM Netherlands Senior Experts assist value addition of local meat products for export

Views - 13 Monday, 20 November 2017 00:19

We need to work hard to increase the value of our exports in order to meet the demands of the export market and also to reach the target of doubling export income by 2020.


Abans promotes strong and sturdy Raleigh bicycles

Views - 16 Saturday, 18 November 2017 02:01

Due to the advent of highly advanced technology and heightened urbanisation in Sri Lanka, sedentary lifestyles have become progressively prevalent throughout our society. Heavy inactivity,


Sadaharitha Plantations wins at NASCO Awards 2017

Views - 6 Saturday, 18 November 2017 02:00

Sadaharitha Plantations, Sri Lanka’s undisputed leader in commercial forestry with over 2,000 acres of thriving forests and a portfolio of over 26,000 investors, was recognised at the National Sales Congress (NASCO) 2017 conducted by Sri Lanka Inst


Pelwatte Dairy expands distribution

Views - 15 Saturday, 18 November 2017 01:59

Sri Lanka’s 100% local dairy product manufacturer, Pelwatte Dairy Industries recently expanded its distribution of milk powder to a wider customer segment in many parts of the country. These areas include Anuradhapura, Hambanthota and Mahiyanganya.


Amãna Takaful wins at SLIM-NASCO 2017

Views - 10 Saturday, 18 November 2017 01:59

Amãna Takaful Life PLC (ATL Life) was recognised for their sales professionalism at the recently concluded SLIM-NASCO 2017 awards. Hamdi Nizam of AmãnaTakaful’s insurance team won a Front Liner Bronze Award in the highly-competitive ‘Life Insur


Link Engineering awarded 4th development project in a row by Indian Govt.

Views - 22 Saturday, 18 November 2017 01:58

A frontrunner in Sri Lanka’s construction industry and part of the reputed Blue Ocean Group, Link Engineering was recently awarded yet another mega development project by the High Commission of India. As part of India’s development partnership wi


Finagle Lanka recognises outstanding dealers at Annual Dealer Convention

Views - 7 Saturday, 18 November 2017 01:58

Finagle Lanka Ltd., a leading provider of innovative bakery products that has become a household name among satisfied customers island-wide, honoured top dealers during its annual Dealer Convention held recently.


Lanka IOC Plc continues to report losses for third consecutive quarter

Views - 44 Friday, 17 November 2017 00:00

Since January 2017, Lanka IOC has incurred a loss of Rs. 964 million mainly due to losses being suffered by the company through the sale of petrol and diesel.


Chevron nabs Sapugaskanda lubricant tender

Views - 110 Friday, 17 November 2017 00:00

Cabinet approval has been given to award the Ceylon Electricity Board (CEB) tender for the procurement of lubricant for the Sapugaskanda power plant to Chevron Lanka Plc.


First-ever PPP simulation takes off in Colombo

Views - 156 Friday, 17 November 2017 00:00

The first-ever public private partnership (PPP) simulation exercise organised by the USAID Short-Term Assistance to Improve Public Financial Management Reform (STAIR) project


‘Sri Lanka-France Business Forum’ in Pairs led by Sujeewa Senasinghe

Views - 45 Friday, 17 November 2017 00:00

‘The Sri Lanka-France Business Forum’ with the participation of eight Sri Lankan companies and over 20 French participants was held on 11 October at the French Business Confederation – MEDEF International in Paris.


Investment seminar from 28-29 Nov. to explore Sri Lanka’s impressive potential

Views - 48 Friday, 17 November 2017 00:00

The Sri Lanka Economic and Investment Conclave (SEIC 2017), to be held in Colombo on 28 and 29 November at the Kingsbury Hotel, Colombo,


EPFS Community Fair on Sunday celebrating home cooks and entrepreneurs, and #GEW2017

Views - 19 Friday, 17 November 2017 00:00

The EPFS Community Fair is back again on 19 November at the IdeaHell Warehouse, located at 45/6, Alwis Place


Govt. explores higher levy on imported canned fish

Views - 47 Thursday, 16 November 2017 00:40

Protecting the local canned fish industry, the Government is exploring the possibility of increasing the tax on imported canned fish, Minister of Fisheries and Aquatic Resources Development and State Minister of Mahaweli Development Mahinda Amaraweer


Sri Lankan food and beverage products promoted at Foodex Saudi 2017

Views - 19 Thursday, 16 November 2017 00:40

Jeddah: The Sri Lanka Tea Board, the Department of Commerce and Industries and private sector companies in Sri Lanka joined the Embassy of Sri Lanka in Riyadh to promote the island’s food and beverage products at the Foodex Saudi 2017, which kicked


Manufacturing, service sectors see slow growth in October

Views - 51 Thursday, 16 November 2017 00:39

The country’s manufacturing and services sectors have shown slow growth in October as per the Sri Lanka Purchasing Managers’ Index (PMI) Survey. The Central Bank said Manufacturing Sector PMI recorde


Stakeholders conclude consultative meetings on National Export Strategy

Views - 47 Thursday, 16 November 2017 00:35

The Export Development Board (EDB) together with the Development Strategies and International Trade Ministry and International Trade Centre (ITC) held the final consultative meeting of the National Export Strategy (NES) with its line ministries and p


EFC supports advancement of a global entrepreneurship ecosystem

Views - 18 Thursday, 16 November 2017 00:20

Global Entrepreneurship Week (GEW) 2017 which is held from 13 to 19 November this year is celebrating 10 years of unleashing ideas and creating one global entrepreneurship ecosystem through its events and activities. Since its launch in 2008, GEW ha


PM inaugurates Intex South Asia 2017

Views - 31 Thursday, 16 November 2017 00:00

The third edition of Intex South Asia, the largest and only international textile sourcing show in South Asia for yarns, apparel fabrics, denims, accessories and allied services, was inaugurated by Prime Minister Ranil Wickremesinghe at the Sri Lanka


Ceylon Chamber discussion on greater potential for Indo-Lanka economic ties

Views - 32 Wednesday, 15 November 2017 00:22

The Ceylon Chamber of Commerce will host a discussion titled ‘Greater Potential for Sri Lanka-India Economic Relations’, with the presence of Dr. S. Narayan, the former Economic Adviser to the Prime Minister of India, who


Association of Laminated Packaging Manufacturers raises concern over 2018 Budget

Views - 36 Wednesday, 15 November 2017 00:21

Sri Lanka Laminated Flexible Packaging Manufacturers’ Association in a media statement yesterday about the tax increase on packaging raw materials under the proposed budget, says that the tax increase will only have a


Former Indian Finance Secy. to speak on Indo-SL economic relations

Views - 22 Wednesday, 15 November 2017 00:07

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Institute of Policy Studies of Sri Lanka (IPS) will host a joint lecture by Dr. S. Narayan, former Finance Secretary of


DSI wins Gold at International Quality Circles Convention in Manila

Views - 13 Wednesday, 15 November 2017 00:04

Representing Sri Lanka with 2 Quality Circles, the DSI Samson Group emerged as the Gold Award winners at the recently concluded International Quality and Productivity Convention 2017, which was conducted by the


1st forum on Maritime Cities & Logistics Corridors of Western Province Megapolis Project

Views - 17 Wednesday, 15 November 2017 00:02

As the country embarks on a mission to make Sri Lanka the hub of the Indian Ocean for trade, commerce and logistics, the Western province megapolis will be a key factor to understand the planned logistics and maritime


LAUGFS Gas Plc gears up for long-term growth backed by strong investment

Views - 65 Wednesday, 15 November 2017 00:01

LAUGFS Gas Plc recorded healthy growth of 49% in turnover for the first half of 2017/18 driven by the group’s long- and medium-term strategic growth drivers.


Sri Lanka-Russia Business Council holds 14th AGM

Views - 21 Wednesday, 15 November 2017 00:00

The 14th Annual General Meeting (AGM) of the Sri Lanka-Russia Business Council (SLRBC) of the Ceylon Chamber of Commerce was held recently, electing Priyantha Hapuarachchi as President for 2017/2018.


Vehicle importers to lobby for revision in taxes for hybrid cars

Views - 256 Tuesday, 14 November 2017 00:00

Vehicle importers plan to lobby the Finance Ministry to revise the increase in unit tax imposed on vehicles with a 1,500 cc engine capacity


Hemas achieves 11.6% revenue growth

Views - 164 Tuesday, 14 November 2017 00:00

Hemas Holdings PLC (HHL) and its subsidiaries achieved a consolidated revenue of Rs. 23 b, a year-on-year (YoY) growth of 11.6%, and profit attributable to equity holders


Today's Columnists

Mangala’s Mangala Budget – Part 2: Go for reforms but permanently fix the country’s rising debt prob

Monday, 20 November 2017

Mangala’s Mangala Budget was approved in its Second Reading by a two-thirds majority in Parliament last week.


Improving the quality of policy proposals in the Budget

Monday, 20 November 2017

Every Budget Speech includes complex policy measures. Given the traditions associated with the Budget Speech, it is not possible to conduct public consultations on each of the measures beforehand.


Today’s bonding with Bhagavad-Gita

Monday, 20 November 2017

We live in times of moral complexity. Whose deed is more pernicious, a burglar raiding the vault or the cop who wipes away the burglar’s fingerprints?


Is Iran a threat to global peace?

Saturday, 18 November 2017

The aim of this article is to explore Iran’s nuclear program and its consequences throughout the world. Iran one of the nuclear power countries in the Middle East, which has brought very grave concern to the US.


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