Business

Hewage Holdings and Super Market wins Business Excellence Star Award

Views - 25 Monday, 22 October 2018 00:00

Hewage Holdings Ltd. and Hewage Super Market Ltd. Managing Director Jagath Hewage won twice at the Star Award 2018 ceremony organised by the Department of Industrial Development and Enterprise Promotion (DIDEP), Central Province.


Nihal Shantha and Sons wins Presidential Export Award

Views - 23 Monday, 22 October 2018 00:00

Nihal Shantha and Sons Owner Nihal Shantha, a renowned cinnamon exporter in the country, was awarded the Presidential Exports Award for Emerging Exporter of the Year in the Spice Exports Category.


BoardPAC sponsors of Singapore’s flagship Institute of Directors’ Conference 2018

Views - 30 Monday, 22 October 2018 00:00

BoardPAC, the nation’s award-winning, multinational, paperless board-meeting automation solutions provider was the proud sponsor of the ninth edition of the Singapore Institute of Directors’ (SID) flagship annual conference held recently at Marin


Top experts share insights on SL economy with visiting diplomats

Views - 77 Monday, 22 October 2018 00:00

Central Bank Governor Dr. Indrajit Coomaraswamy has observed that while Sri Lanka faces some difficulties due to the bunching up of debt payments, Sri Lanka had never missed a payment, was not in economic danger, and that the situation can be managed


Develop science and technology: Minister Amunugama

Views - 76 Saturday, 20 October 2018 00:10

“Sri Lanka which has scored high marks in the Millennium Development Goals is now poised to attain the Sustainable Development Goals adopted by more than 150 world leaders at the UN Summit in New York in 2015,” said Minister of Science, Technolog


IDB promotes digital marketing

Views - 95 Saturday, 20 October 2018 00:10

The Industrial Information Unit of the Centre for Entrepreneurship Development and Consultancy Service of the IDB will conduct a two-day practical training session on 20 and 21 October for the benefit of those who took part in the inaugural seminar o


JB Industries wins Business Excellence Star Award

Views - 96 Saturday, 20 October 2018 00:10

JB Industries Managing Director J.B. Alahakoon won the Star Award for Business Excellence in the Medium Category, Manufacturing Sector at the Star Award 2018 Awards Ceremony organised by the Department of Industrial Development and Enterprise Promoti


Frigi Engineering Services wins MASSCO Business Excellence Award

Views - 78 Saturday, 20 October 2018 00:10

The Chairman and the Managing Director of Frigi Engineering Services Ltd. Engineer Walter Perera was recently awarded with the MASSCO 2018 award for business excellence. The awards ceremony, with Speaker Karu Jayasuriya as Chief Guest was held with m


Comfort Solutions opens 100 franchised ‘show homes’ across SL

Views - 74 Saturday, 20 October 2018 00:10

Comfort Solutions Ltd., Sri Lanka’s leading distributor for air conditioning and refrigeration products, recently launched their unique ‘show homes’ concept for customers to be able to experience their products first-hand. The first of the show


361 Degrees celebrates stint as ‘Engagement Partner’ of Great Place to Work Conference 2018

Views - 62 Saturday, 20 October 2018 00:10

361 Degrees, Sri Lanka’s largest teambuilding, leadership, engagement, innovation, strategy and soft skills service provider, concluded a successful stint as the Engagement Partner for the Great Place to Work Conference 2018 held recently. The Grea


AmCham appoints new Board of Directors for 2018/2019

Views - 782 Friday, 19 October 2018 00:00

The 26th Annual General Meeting of the American Chamber of Commerce in Sri Lanka (AmCham) was held in September at the Hilton Colombo Residences, ushering in the new Board of Directors for 2018/2019. Michael Koest is the newly elected President of A


Commercial High Court grants interim order against Ceylon and Foreign Trades and directors

Views - 127 Friday, 19 October 2018 00:00

The Commercial High Court has recently granted an interim order against CFT and its directors, Ali Asger Shabbir and Malayandi Jayaprakash, restraining them from disposing, alienating and encumbering any of the assets of Ceylon and Foreign Trades on


Ali Asgar Shabbir resigns from People’s Leasing and Finance Board

Views - 80 Friday, 19 October 2018 00:00

Dr. Ali Asgar Shabbir Gulamhusein has resigned from the office of Independent Non-Executive Director of the People’s Leasing and Finance PLC. He was appointed to the Board in July 2015.


ECCSL Marketing to Europe on 23 Oct.

Views - 17 Friday, 19 October 2018 00:00

The European Chamber of Commerce of Sri Lanka will be hosting an event titled ‘Marketing to Europe’ on 23 October, at the Movenpick Hotel Colombo from 8:30 a.m. to 5.00 p.m. (Registration from 8:30a.m. to 9a.m.) This event will be held to further


National Chamber to host European Union Ambassador on 23 October

Views - 10 Friday, 19 October 2018 00:00

European Union Ambassador to Sri Lanka, Tung –Lai Margue will be the Special Guest Speaker in ‘Meet the Ambassador’ program on ‘Bilateral Trade Between Sri Lanka & European Union’ on Tuesday 23 October at the Chamber, from 3 p.m. to 4:30 p.


No change in BOI DG

Views - 40 Friday, 19 October 2018 00:00

The Board of Investment yesterday confirmed that its Director-General Duminda Ariyasinghe continues to hold office and hasn’t resigned as claimed by some media. “As the agency tasked with promoting and facilitating local and foreign direct invest


Malik backs BOI Board

Views - 51 Friday, 19 October 2018 00:00

Development Strategies and International Trade Minister Malik Samarawickrama yesterday issued a statement backing the Directors of the Board of Investment. In a statement he said some news reports yesterday and today, quoting Presidential Media sour


First global entrepreneur education meet elevates Sri Lanka to prestigious UNESCO-APEID Chair

Views - 255 Thursday, 18 October 2018 01:14

A pioneering Entrepreneurship Education (EE) series by UNESCO, which successfully concluded in Colombo on 12 October, has elevated Sri Lanka as the new Chair of prestigious UNESCO-APEID EE series, making it the first South Asian country to clinch thi


CPC-LIOC Trinco oil tank JV awaits Cabinet nod

Views - 58 Thursday, 18 October 2018 00:37

By Charumini de Silva The Government yesterday said the proposed joint venture between Ceylon Petroleum Corporation (CPC) and Lanka Indian Oil Corp. (LIOC) to develop the oil storage facility in Trincomalee will soon be inked, after obtaining Cabinet


Govt. mulls new oil storage facility in KKS

Views - 48 Thursday, 18 October 2018 00:35

Petroleum Resources Development Minister Arjuna Ranatunga said yesterday that his Ministry is planning to develop another oil storage facility in Kankesanthurai (KKS), Jaffna, to be used for bunkering facilities in the near future. “We have got an


Munchee adjudged ‘Asia Marketing Company of the Year 2018’ at Asia Marketing Excellence Awards

Views - 42 Thursday, 18 October 2018 00:33

CBL, the manufacturer of well-known Munchee biscuits, was crowned the ‘Asia Marketing Company of the Year 2018’ at the Asia Marketing Excellence Awards ceremony held in Guangzhou, China recently. It was also significant that CBL is the first orga


Sri Lanka Export Development Board holds 16th Exporters’ Forum

Views - 83 Wednesday, 17 October 2018 00:00

The 16th Exporters Forum chaired by International Trade State Minister Sujeewa Senasinghe was held yesterday at the Export Development Board auditorium. At this session exporters were able to find solutions to trade-related issues with public sector


South Asia Textiles wins Silver at NCE Export Awards 2018

Views - 43 Wednesday, 17 October 2018 00:00

South Asia Textiles Ltd., a leading Sri Lankan textile manufacturer specialised in producing exceptional quality weft knitted fabric for leading global brands such as Victoria Secret, Next, Marks & Spencer, Tesco, Calvin Klein, Decathlon, Hugo Boss a


Exterminators certified ISO 22000 food safety

Views - 65 Wednesday, 17 October 2018 00:00

The Exterminators Ltd. Sri Lanka’s premier pest control company was certified ISO 22000;2005 (Food Safety Management System). The extensive process began in 2017 as a proactive effort to meet the anticipating demand in the food safety industry in S


COMBANK joins ICCSL as Exclusive Banking Partner to offer member benefits

Views - 50 Wednesday, 17 October 2018 00:00

CEOs of companies that are members of the International Chamber of Commerce Sri Lanka (ICCSL) have been accorded ‘Elite’ customer status by the Commercial Bank of Ceylon, consequent to the Bank joining the ICCSL as the Exclusive Banking Partner f


Economic transformation only path to growth

Views - 133 Tuesday, 16 October 2018 00:38

By Divya Thotawatte The depreciation of the rupee can be offset by Central Bank measures but this will be unsustainable in the long term with strong economic growth needing to be underpinned by greater exports and investment being the only the soluti


Embassy of Sri Lanka in Sweden meets Stockholm Grocers Association

Views - 83 Tuesday, 16 October 2018 00:32

The Embassy of Sri Lanka in Sweden, in partnership with the Sweden-Sri Lanka Business Council (SSLBC) organised a meeting with the members of the Association of Stockholm Grocers (Livsmedelshandlarna) on 10 October at the Embassy premises. The Assoc


Manufacturing and services PMI dips in Sept.

Views - 36 Tuesday, 16 October 2018 00:31

Manufacturing and services sectors slowed down in September according to the latest Purchasing Managers Index (PMI), with cost pressures seen due to higher input costs. The Manufacturing Sector PMI decreased to 54.1 index points in September from 58


Arbitration to contribute towards SL’s income if properly upgraded

Views - 52 Tuesday, 16 October 2018 00:05

By Divya Thotawatte Arbitration, if suitably upgraded and improved, could be a potential sector for Sri Lanka’s economy since the demand for arbitration rises every day, said an official recently. Speaking at the Annual General Meeting of the Sri


South Asia firms up growth lead despite Budget woes

Views - 21 Tuesday, 16 October 2018 00:00

WASHINGTON: With growth topping 6.9% in 2018 and set to accelerate to 7.1% next year, South Asia is firming up its position as the world’s fastest-growing region, further extending its lead over East Asia and the Pacific, says the World Bank in its


Today's Columnists

IPS’s State of the Economy Report 2018 is a demonstration of its independent analysis of the economy

Monday, 22 October 2018

Economists are at the receiving end of society today when it comes to economic crises. They have been blamed not only for giving confusing advice, but also for failing to predict accurately the oncoming economic catastrophes.


Future competencies for Sri Lankans: Rhetoric and reality

Monday, 22 October 2018

I was humbly happy to be the first Sri Lankan to speak at Fiji Annual HR Convention. It gave me a wonderful opportunity to meet warm people of another island nation. With booming tourism and bountiful natural resources, it appears as one of the most


Challenges in preserving and promoting Pakistan’s Buddhist past

Saturday, 20 October 2018

The international media has been portraying Pakistan as a hotbed of Islamic fundamentalism, especially after the Americans carried out a surgical strike there to kill international terrorist and fugitive, Osama bin Laden.


Government’s cohabitation stuck in the past or what?

Friday, 19 October 2018

The appointment of career judge Nalin Perera as the new Chief Justice, who has served in the judiciary for over 30 years, provides a snapshot into President Maithripala Sirisena’s thought process, amidst various stories of clashes with his coalitio


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