Business,Front Page

Business Today holds TOP 30 2017-2018 & Business Today

Views - 105 Thursday, 15 November 2018 00:10

Special Recognition Awards Business Today recognised the TOP 30 best performing corporates in Sri Lanka for 2017-2018 on Monday, reflecting the steady growth in a country transforming on many fronts. Having introduced the Business Today Passionate s


Aviation Secy. appointed as Srilankan Airlines Chairman

Views - 33 Thursday, 15 November 2018 00:10

G.S. Vithanage, Secretary to the Ministry of Transport and Civil Aviation, was appointed as Srilankan Airlines Chairman and as a member of the SriLankan Board by Treasury Secretary S.R. Attygalle yesterday with effect from yesterday. The appointment


Sri Lanka participates in China International Import Expo

Views - 19 Thursday, 15 November 2018 00:00

Sri Lanka participated in the first China International Import Expo (CIIE) held in Shanghai from 5-10 November. A total of 172 countries from five continents as well as international organisations showcased their development achievements and interna


Aitken Spence improves performance in the second quarter

Views - 39 Thursday, 15 November 2018 00:00

Leading conglomerate Aitken Spence PLC’s financial results, released to the Colombo Stock Exchange, revealed quarterly revenue increasing year-on-year (YoY) to Rs. 12.41 billion from Rs. 12.27 billion, while revenue for the six months was Rs. 22.98


Hayleys surpasses Rs. 100 b turnover in first half

Views - 418 Wednesday, 14 November 2018 00:00

Fuelled by topline growth across all of its key business segments, leading diversified conglomerate Hayleys Plc posted a 65% Year-on-Year (YoY) increase in turnover up to Rs. 103 billion for the six-month period ending 30 September 2018. The group po


Felicitation dinner and get-together 2018 of Sustainable Energy Engineering

Views - 28 Wednesday, 14 November 2018 00:00

The Felicitation Dinner and Get-together 2018 of the Alumni Association of Sustainable Energy Engineering (Worldwide) Sri Lanka (ASEEWSL) will be held at Solis Hotel, Pitakotte on 15 November from 5 p.m. to 10 p.m. The objective of the event is to s


Hemas Holdings Plc’s operating profit up by 22.5%

Views - 180 Wednesday, 14 November 2018 00:00

The Hemas Holdings Group said yesterday it had recorded consolidated revenue of Rs. 30 billion for the first six months ended 30 September 2018, a year-on-year (YoY) growth of 33% driven by the recent acquisition of Atlas and its healthcare sector.


SL economy resilient: CB Chief

Views - 123 Wednesday, 14 November 2018 00:00

By Charumini de Silva Central Bank Governor Dr. Indrajit Coomaraswamy yesterday sought to rest concerns of economic turmoil in Sri Lanka, assuring that macroeconomic fundamentals remained strong and the Government remained on track to meet debt repay


76th Executive Committee of SAARC CCI

Views - 27 Tuesday, 13 November 2018 01:01

The 76th Executive Committee of SAARC CCI was held in Chennai on 10 November and the leading businessmen from South Asian countries, gathered at Radison Blu Hotel. SAARC CCI President Ruwan Edirisinghe chaired the meeting and finalised the action pla


Sri Lanka-France Business Council welcomes new French Ambassador Eric Lavertu

Views - 33 Tuesday, 13 November 2018 01:00

The Sri Lanka-France Business Council of the Ceylon Chamber of Commerce organised an evening of cocktails and networking on 7 November to welcome the new Ambassador of France Eric Lavertu to Sri Lanka. Ambassador Lavertu presented his credentials to


Union Chemicals Lanka clinches Bronze at Presidential Environmental Awards 2018

Views - 13 Tuesday, 13 November 2018 00:59

Union Chemicals Lanka clinched Bronze at the Presidential Environmental Awards 2018, organised by the Central Environmental Authority (CEA) at the BMICH in line with the inauguration of Sri Lanka NEXT ‘Blue Green Era’ conference on 19 October. Th


Sri Lanka Telecom wins three awards at 32nd International ARC Awards

Views - 16 Tuesday, 13 November 2018 00:58

Sri Lanka Telecom (SLT), the National ICT Solutions Provider in the country was the proud winner of three awards for the company’s Annual Report 2017 at the prestigious International ARC Awards 2018, held in Hamburg, Germany recently. Company Secr


Singer first half revenue increases by 14% to Rs. 28.6 b

Views - 69 Tuesday, 13 November 2018 00:58

Singer (Sri Lanka) PLC announced today its results for the first half ended 30 September. Despite tough business conditions, the results for the six months showed a commendable revenue growth of 14% to Rs. 28.6 billion compared to the same period i


Vidullanka sells shares held in Udaka Energy Group for Rs. 15.5 m

Views - 46 Tuesday, 13 November 2018 00:57

Vidullanka PLC, in an announcement to the Stock Exchange, disclosed the disposal of the 50% of the shares held in Udaka Energy Group Ltd., for a consideration of Rs. 15.5 million to Midland Energy Ltd. The Udaka Energy owns and operates the Haloya M


Economic Association postpones annual session

Views - 16 Tuesday, 13 November 2018 00:57

The Sri Lanka Economic Association (SLEA)’s annual sessions scheduled for 16 to 17 November has been postponed due to an unavoidable circumstance. SLEA said the rescheduled dates of the annual sessions will be revealed in due course. The program a


Dipped Products posts Rs. 553M PBT in 1H 2018/19

Views - 29 Tuesday, 13 November 2018 00:57

Strong gains from performance improvement initiatives in local operations and significant contribution from overseas marketing operations have generated noteworthy profit growth in 1H of 2018/19 for the Dipped Products Group, a global leader in hand


Another win for Siddhalepa at 2018 Green Awards

Views - 14 Tuesday, 13 November 2018 00:57

Re-establishing their commitment to a green environment, Siddhalepa was once again recognised at the recent Presidential Environmental Awards with a bronze award. Consistently and courageously championing the green cause, Siddhalepa has been among


LVL Energy Fund PLC’s six-month profit exceeds profit recorded for the full previous year

Views - 28 Tuesday, 13 November 2018 00:56

LVL Energy Fund PLC, with an operational footprint covering Sri Lanka, Bangladesh and Nepal, recorded a strong financial performance in the first half of the current financial year, which is reflected in the company’s prov


Strategic consolidation in FMCG sector boosts Sunshine Holdings’ EPS by 23.3% in 1HFY19

Views - 62 Monday, 12 November 2018 00:58

Diversified Sri Lankan conglomerate Sunshine Holdings PLC reported top-line performance growth of 5.7% YoY to stand at Rs.10.9 billion for the six months period ending 30 September 2018 (1HFY19). The top line increase was mainly due to strong perfor


Lotus takes over Zyrex, makes greener Sri Lanka a reality

Views - 56 Monday, 12 November 2018 00:57

Lotus Renewables, a subsidiary of the G&G group of companies, Singapore has announced its planned acquisition of Zyrex, a mini hydro power generating company, close on the heels of the purchase of Browns Hydro Power last year. Focusing on alternative


Central Bank releases ‘A Step by Step Guide to Doing Business in Sri Lanka’

Views - 67 Monday, 12 November 2018 00:55

The eighth edition of ‘A Step by Step Guide to Doing Business in Sri Lanka’, published by the Central Bank of Sri Lanka, has been released. It has been categorised under three main chapters: ‘Starting a Business’, ‘During the Business’ a


Haycarb records turnover of Rs. 8.9 b & profit before tax of Rs. 502 m for H1 2018/19

Views - 68 Friday, 9 November 2018 00:00

Sri Lankan multinational Haycarb Plc reported revenue of Rs. 8.9 billion and profit before tax of Rs. 502 million for the six months ending 30 September 2018. The profit after tax stood at Rs. 428 million. Haycarb Plc Managing Director Rajitha Kar


European Chamber of Commerce of Sri Lanka hosts National Energy Globe Award – Sri Lanka 2018

Views - 29 Friday, 9 November 2018 00:00

The European Chamber of Commerce of Sri Lanka hosted the National Energy Globe Award for Sri Lanka 2018 on behalf of Advantage Austria. This event was held at the Colombo Swimming Club on 30 October. The Energy Globe Award is one of today’s most p


McLarens Group opens brand new 3M office in Colombo

Views - 138 Friday, 9 November 2018 00:00

Following the announcement of its collaboration with 3M Global Channel Services (GCS) as the Master Distributor of 3M’s full line of non-healthcare products, McLarens Group opened its brand new office dedicated to 3M in Colombo. The opening of the


Launch of IIRC Integrated Report 2017

Views - 51 Friday, 9 November 2018 00:00

The International Integrated Reporting Council (IIRC), UK partnered with Smart Media The Annual Report Company, Sri Lanka to produce the IIRC Integrated Report 2017, which was released earlier this year. As a coalition of over 70 institutions with di


Sri Lanka participates at 2nd Global Franchise and SME Exposition and Forum in Bahrain

Views - 55 Thursday, 8 November 2018 01:00

The high profile ‘2nd Global Franchise and SME Exposition and Forum’ in Bahrain was conducted and organised by the Middle East and North Africa Franchise Association (MENAFA), which is the membership organisation of franchisors, franchisees, SMEs


Review of JKH’s 2Q performance

Views - 67 Thursday, 8 November 2018 00:59

Transportation The Transportation industry group PBT was Rs. 1.06 billion in the second quarter of 2018/19 [2017/18 Q2: Rs. 1.07 billion]. The market share and profits of the Group’s Bunkering business, Lanka Marine Services (LMS), increased as a r


Port service charges up for revision

Views - 93 Thursday, 8 November 2018 00:47

The Cabinet on Tuesday decided to revise port charges levied to increase competitiveness and profitability, Ports and Shipping Minister Mahinda Samarasinghe announced yesterday. The Cabinet of Ministers under President Maithripala Sirisena and newly


Women Top 50 Conference to inspire women to succeed, influence and give back

Views - 71 Thursday, 8 November 2018 00:45

The ‘Women Top 50’ Professional and Career Women Annual Conference 2018 is geared to inspire women with motivating success stories of career women who have made their mark in the corporate world.


Institute of Directors expresses concern over current politics

Views - 45 Thursday, 8 November 2018 00:38

The Sri Lanka Institute of Directors (SLID) in a statement yesterday said it was gravely concerned about the current political situation in Sri Lanka, which is negatively impacting local industry and international business reputation.  “We urge t


Today's Columnists

Courting democracy; Housing disaster?

Thursday, 15 November 2018

A small step was taken by a sovereign court the day before yesterday. It was a giant leap for the supremacy of the Constitution over all three arms of government in a recently benighted Sri Lanka. As well as being the tangible proof of intra-governme


Sri Lanka’s Judiciary in its finest hour

Thursday, 15 November 2018

“We must never forget that the only real source of power we as judges can tap is the respect of the people” –Justice Thurgood Marshall


When scholars turn slayers of reason

Thursday, 15 November 2018

“… I think, that the intellectual is an individual endowed with a faculty of representing, embodying, articulating a message, a view, an attitude, philosophy or opinion to, as well as for, a public. And this role has an edge to it, and cannot be


A stable democracy is a prerequisite for the wellbeing of Sri Lankans

Thursday, 15 November 2018

In Sri Lanka, despite the complexity of overlapping policies, the slow pace in implementing economic policies has been of central concern in the past few years. The current political state in Sri Lanka poses a series of e


Columnists More