Business

Sudden bonus thrills weary Pulmoddai miners

Views - 32 Friday, 19 April 2019 00:00

As their state-controlled mining operation reported huge profits last year, thrilled workers of Sri Lanka’s premier mineral sand miner happily bagged a bonus of Rs. 100,000 each on 8 April. “I wanted to reward you with a bonus of Rs. 125,000 but


Lanka Spice bags 2 Golds at FCCISL Entrepreneur of the Year Awards

Views - 14 Friday, 19 April 2019 00:00

Lanka Spice Ltd. (LSL), owners of the renowned brand ‘Mc Currie’, bagged two Gold Awards in the Provincial – Extra Large Category Western Province and the National Gold Award – Extra Large Category at the Entrepreneur of the Year Award 2018,


Sri Lanka-Maldives Business Council welcomes new Maldives Ambassador

Views - 8 Friday, 19 April 2019 00:00

The Sri Lanka-Maldives Business Council of the Ceylon Chamber of Commerce recently organised an evening of dinner and networking to welcome the new Ambassador of Maldives to Sri Lanka, Omar Abdul Razak. The function took place at the Hilton Residenc


AMCHAM hosts business breakfast on ‘Opening Sri Lanka to the World’

Views - 41 Thursday, 18 April 2019 00:00

The American Chamber of Commerce (AMCHAM) in Sri Lanka hosted the second in its ‘Breakfast Buzz’ series with the aim of bringing together policymakers and private sector stakeholders for greater collaboration and understanding in their shared eff


NCE urges inclusion of export-related subjects in school curricula

Views - 22 Thursday, 18 April 2019 00:00

Member exporters of the National Chamber of Exporters (NCE), which is the only private sector Chamber that exclusively serves Sri Lankan exporters, have expressed their concerns regarding regular street protests of university undergraduates. Council


Ceylon Chamber of Commerce presents ‘Explore South Africa’ for private sector business community

Views - 42 Wednesday, 17 April 2019 00:00

The Ceylon Chamber of Commerce organised a presentation on the theme ‘Explore South Africa’, for the private sector business community recently. The event featured the South African High Commissioner R.P. Marks, and two representatives from South


Ambassador Wijeratne meets with President of Polish Chamber of Tourism

Views - 26 Wednesday, 17 April 2019 00:00

The Ambassador of Sri Lanka in Warsaw C.A.H.M. Wijeratne met with President of the Polish Chamber of Tourism Pawel Niewiadomski at the Embassy recently. Polish Chamber of Tourism is the largest organisation founded by the tourism industry and operati


Ambassador Perera in UN acknowledges ILO work in Sri Lanka

Views - 18 Wednesday, 17 April 2019 00:00

The 100th anniversary of the establishment of the International Labour Organization (ILO) was commemorated at the UN Headquarters in New York at a High-Level Meeting of the General Assembly, held from 10-11 April. The centennial celebration focused o


Sri Lanka-UK relations to remain strong regardless of Brexit outcome

Views - 61 Friday, 12 April 2019 00:00

Almost three years on from the Brexit referendum, the future relationship between the UK and Europe remains unclear. As the EU and the UK are important trade partners of Sri Lanka and India, the Brexit process could affect mutual relations. The spea


SAGT engages Navis optimisation and analytics services

Views - 67 Friday, 12 April 2019 00:00

Navis, a part of Cargotec Corporation, and the provider of operational technologies and services that unlock greater performance and efficiency for the world’s leading organisations across the shipping supply chain, and South Asia Gateway Terminals


Sichuan Promotion Association undertakes business exploration tour of Sri Lanka

Views - 76 Friday, 12 April 2019 00:00

The Government of China views South Asian countries as strategic partners in the Belt and Road initiative. The central and provincial committees of the Chinese Communist Party attach great importance to co-operation with South Asia. The Chinese Gover


Lanka SSL concludes 14-month research with Dept. of Materials Science and Engineering of University of Moratuwa

Views - 25 Friday, 12 April 2019 00:00

Lanka Special Steel Ltd. (Lanka SSL), subsidiary of E B Creasy Group and a pioneer hot dipped galvanising wire manufacturer recently concluded a 14-month research in collaboration with Department of Materials Science and Engineering of the University


Indian CEO Forum in Sri Lanka meet PM to discuss challenges and potential investment opportunities

Views - 511 Friday, 12 April 2019 00:00

The members of the Indian CEO Forum in Sri Lanka met with Prime Minister Wickremesinghe to discuss some of the challenges they face in Sri Lanka and discuss potential investment opportunities in Sri Lanka on Wednesday at Temple Trees. Here Lanka IOC


APFASL accepting applications from public sector for Annual Reports and Accounts Awards competition

Views - 15 Thursday, 11 April 2019 00:00

The Association of Public Finance Accountants of Sri Lanka (APFASL), which is the public sector wing of CA Sri Lanka is now accepting applications from the public sector organisations for the third Best Annual Report and Accounts Awards competition.


Access Engineering making swift progress in construction of Central Expressway

Views - 188 Thursday, 11 April 2019 00:00

The National Master Plan for 2007-2017 of the Government of Sri Lanka recognized inter alia the Central Expressway as one of the key expressways to be developed, considering the long term economical and transportation benefit that the development inh


Kosala meets UK’s former Commerce Minister

Views - 25 Thursday, 11 April 2019 00:00

International Business Council President Kosala Wickramanayake meets former Minister of Commerce Rt. Lord Maude of Horsham who was the key speaker at the conference in Zhengzhou China.  


Kumar Sangakkara addresses BOI

Views - 85 Thursday, 11 April 2019 00:00

Cricketing star Kumar Sangakkara addressed the staff of the BOI and spoke of the importance of the concept of leadership in an organisation like Sri Lanka’s investment promotion and facilitation agency. The address was titled ‘Reach the Peak 2019


Abans celebrates launch of LG R32 Inverter Air Conditioners

Views - 42 Thursday, 11 April 2019 00:00

On a balmy night that saw the gathering of LG dignitaries, Abans’ top senior management, and key partners, Abans celebrated the launch of the revolutionary LG Dual Cool R32 Inverter Air Conditioners, Sri Lanka’s first green inverter air condition


Orange Electric secures SLS certification for modular switches and sockets

Views - 27 Thursday, 11 April 2019 00:00

Orange Electric, the country’s market leading electrical accessories brand, recently secured the coveted Sri Lanka Standards Institute (SLS) certification across their range of elegant modular switches and sockets. Since their humble beginnings in


Elephant House sets smallholder ginger farmers on strong foundation for growth

Views - 49 Thursday, 11 April 2019 00:00

Creating a sustainable future for smallholders, helping them flourish and thus ensuring a supply of sustainably sourced ingredients transforming rural livelihoods and the agricultural sector of the island has been a continuous ambition of Elephant Ho


Challenging entrepreneurship? Get connected

Views - 58 Thursday, 11 April 2019 00:00

The event ‘Challenging Entrepreneurship’ successfully concluded recently saw over 30 young entrepreneurs eagerly learning from industry giants on how to make their business venture successful. The event saw the CEO and founder of Pickme who shar


Colombo YPO presents expert view on Brexit impact on Sri Lankan exports

Views - 125 Wednesday, 10 April 2019 02:01

On the post-Brexit scenario, Sri Lanka needs to push for regular bilateral trade and investment dialogues with the United Kingdom, while finding other compatible markets within the European Union to minimise the short-term economic shocks of Brex


FCCISL and ITC/EU conduct workshops in Jaffna and Galle

Views - 37 Wednesday, 10 April 2019 01:59

Federation of Chambers Of Commerce and Industry of Sri Lanka (FCCISL), in collaboration with ITC/EU, conducted two regional workshops on chamber capacity development in Jaffna and Galle, respectively. Both workshops were conducted by ITC/EU consultan


ICC Sri Lanka firms up on Policy Advocacy Committee

Views - 61 Tuesday, 9 April 2019 00:44

The International Chamber of Commerce Sri Lanka (ICCSL) Policy and Advocacy Committee chaired by Chandra Schaffter met recently to discuss initiatives the committee would address on a national platform. The Committee members, who are all business lea


Hirdaramani Group partners with Make Fashion Circular initiative

Views - 55 Tuesday, 9 April 2019 00:44

Hirdaramani Group recently strengthened its sustainability pledge by joining the Ellen MacArthur Foundation’s Make Fashion Circular initiative. With this, the company joins with influential fashion industry stakeholders including brands, cities, ph


Abans empowers women entrepreneurs island-wide to commemorate 50th anniversary

Views - 24 Tuesday, 9 April 2019 00:44

Abans, in collaboration with the Women’s Chamber of Industry and Commerce (WCIC), recently held a series of workshops on the ‘Fundamentals of Marketing’ for women entrepreneurs outside the Western Province. Having taken place throughout the mon


SL face challenges in recovering economic growth

Views - 185 Tuesday, 9 April 2019 00:44

Finance Ministry Economic Advisor Deshal de Mel last week said Sri Lanka faces a great challenge in recuperating the economy noting that the country’s growth rate of 3.3% was well below potential and less than the regional average. “The real chal


APO and iPlast sign MOU on digitisation in industry

Views - 21 Tuesday, 9 April 2019 00:43

The Asian Productivity Organisation (APO) has signed a Memorandum of Understanding (MOU) with iPlast 4.0 Ltd. (iPlast) to strengthen its technical support to member countries through demonstration projects on digitisation in industries. The MOU was


Former Immigration Chief thanks stakeholders

Views - 43 Tuesday, 9 April 2019 00:18

Former Controller General of Immigration and Emigration M.N. Ranasinghe, who was appointed Secretary to the Ministry of Education last week, thanked multiple stakeholders for their support during his successful tenure. Following is his statement. H


Cabraal panellist at Samena Capital’s Strategic Ownership Group Meeting

Views - 126 Tuesday, 9 April 2019 00:18

Former Central Bank Governor Ajith Nivard Cabraal participated as a panellist at the Asia Panel of Samena Capital’s Strategic Ownership Group Meeting held on 6 April at the Mandarin Oriental Jumeira, Dubai. In addition to Cabraal, the panel consi


Today's Columnists

No more stones to break Sri Lankan bones

Friday, 19 April 2019

Trial by fire is not a new ordeal to Christian community. It predates Notre Dame and Nazism by millennia. In fact, a decade or so before Nero torched believers to light Roman avenues, Jewish religious leaders put Jesus-followers to the test as the Ch


Wounding the social psyche

Friday, 19 April 2019

In this article, I intend to discuss the serious wounds inflicted on the psyche of Sri Lankan society, which have not received adequate attention, but need immediate cure, for they might develop into a dangerous cancer if not treated without further


What 5G could be to Game of Thrones (and vice versa)

Friday, 19 April 2019

We will be hearing a lot about these two seemingly unrelated topics this month. In a hurriedly but meticulously organised event, Dialog Axiata recently demonstrated 5G applications for the first time in South Asia. 5G will be commercially available


On time – Only for a week! A must-change!

Thursday, 18 April 2019

We are in April and the month where we witness the declaration of a new year as per our traditional practice. It is that period of time when a huge majority of our population, which certainly can be counted in millions, intends to act in unison and q


Columnists More