Business

Prof. Uditha Liyanage Memorial Oration today

Views - 52 Friday, 9 August 2019 00:00

The inaugural Prof. Uditha Liyanage Memorial Oration will be held today at the PIM Auditorium at 6.00pm. The Oration will be delivered by eminent Sri Lankan and MAS Holdings Chairman Deshamanya Dr. Mahesh Amalean.


Access celebrates 30 years of growth and excellence

Views - 176 Friday, 9 August 2019 00:00

Access has become one of Sri Lanka’s leading conglomerates since beginning operations as the sole agent for a host of Japanese companies in the country back in 1989. The company has steadily grown in capacity and diversified into many areas over th


Malik meets India’s Finance Minister

Views - 36 Friday, 9 August 2019 00:00

Development Strategies and International Trade Minister Malik Samarawickrama, during his recent visit to India, met Indian Finance Minister Nirmala Seetharaman and discussed further strengthening the bilateral relationship between Sri Lanka and India


Sunshine Holdings’ strong healthcare sector cushions revenue drop from tea plantation exit

Views - 71 Thursday, 8 August 2019 02:12

Lower performance in consumer goods and agribusiness sectors has pushed back Sunshine Holdings PLC’s top-line performance growth during the first quarter of the current financial year (1QFY20) as the diversified Sri Lankan conglomerate reported con


Walkers Colombo Shipyard hands over ‘Ocean Lady’ as bank auctions its assets

Views - 425 Thursday, 8 August 2019 02:07

Walkers Colombo Shipyard Ltd. handed over ‘Ocean Lady,’ a 35-metre landing craft designed and built by it, to her owner Sanken Overseas Ltd. at a simple ceremony held at Mutwal yesterday as a private bank was preparing to auction the Shipyard’s


Haycarb records Rs. 5.3 b turnover, Rs. 367 m profit in 1Q

Views - 82 Thursday, 8 August 2019 02:06

The Sri Lankan multinational Haycarb PLC reported revenue of Rs. 5.3 billion and profit before tax of Rs. 367 million for the first quarter of 2019/20. The profit after tax stood at Rs. 301 million. Haycarb PLC Managing Director Rajitha Kariyawasan


Sri Lanka-Bangladesh trade talks later this year

Views - 66 Thursday, 8 August 2019 01:25

Sri Lanka’s trade with Asia’s fastest growing economy is set to surge when both countries meet for Ministerial trade talks later this year, after almost three years. “The fifth session of the Joint Economic Commission between Bangladesh and Sr


Sri Lanka shines at Global Trade Show 2019 in South Africa

Views - 53 Thursday, 8 August 2019 01:22

Sri Lanka High Commission in Pretoria, with the assistance of the Department of Commerce of Sri Lanka, participated at the Global Trade Show of Networking and Matchmaking South Africa 2019 (GTS 2019) held from 29 to 31 July at Gallagher Convention C


EU-Sri Lanka trade-related assistance

Views - 77 Thursday, 8 August 2019 01:17

Consumer demand for durable and sustainable packaging is growing in Sri Lanka’s export-oriented sectors. Packaging testing services play an essential role in ensuring product integrity over the journey of products destined for exports. The United N


Major ICT graduate supply shortage causes concerns

Views - 180 Thursday, 8 August 2019 01:16

By Maleesha Sulthanagoda Although the number of Information and Communication Technology (ICT) graduates supplied by universities falls short from that required to meet the annual demand by industry stakeholders, it was revealed at the launch of the


IDB co-hosted Intl. Manufacturing Exhibition kicks off on 9 August

Views - 32 Thursday, 8 August 2019 01:15

By E. Weerapperuma COMEXPO – the International Manufacturing Exhibition organised by Smart Expos and Fairs India Ltd. (SEFIPL) in collaboration with Industrial Development Board (IDB) Sri Lanka, has organised Expo 2019, in creating opportunities an


Round Table Sri Lanka concludes inaugural Biz Eve forum on Digital Disruption

Views - 131 Thursday, 8 August 2019 01:15

Fellowship and community service driven organisation Round Table Sri Lanka conducted the inaugural Biz Evesession on 30 July at the Hatch co-sharing work space centre on the theme of Digital Disruption.The theme being highly appropriate to the modern


Apex body of tea industry celebrates 125th anniversary tomorrow

Views - 24 Thursday, 8 August 2019 01:14

To celebrate the quasquicentennial of the Colombo Tea Traders’ Association, the apex body of the country’s tea industry, three special events will be held on Friday 9 August, the very date on which the Association was inaugurated in the year 1894


Sri Lanka Investment and Business Conclave 2019 in Sept.

Views - 47 Thursday, 8 August 2019 01:07

The Ceylon Chamber of Commerce in association with the Ministry of Development Strategies and International Trade, Ministry of Foreign Affairs, Ministry of Finance, Ministry of Industry and Commerce, Board of Investment of Sri Lanka, the Department o


Global Shapers in Sri Lanka to host ‘Shape South Asia 2019’

Views - 279 Thursday, 8 August 2019 01:01

The Global Shapers Colombo and Kandy Hubs have won the bid to host the regional gathering of Global Shapers in South Asia for 2019 titled ‘Shape South Asia’. As such, during the second week of October 2019, 150 delegates from India, Pakistan, Ba


Interbrand inspires new ‘Sri Lankan Made’ country-of-origin trademark

Views - 282 Wednesday, 7 August 2019 00:00

Interbrand, the world’s largest and most influential brand consultancy, has completed the development of Sri Lanka’s country-of-origin trademark for the spices sector. The trademark supports growers, processors and manufacturers by helping them t


National Export Strategy: A year into implementation

Views - 200 Wednesday, 7 August 2019 00:00

Opening a new chapter in the exports playbook, the Government of Sri Lanka launched its flagship national agenda – The National Exports Strategy (NES) – in July 2018. The ambitions and outward looking agenda envisions to expand Sri Lanka’s expo


Piramal Glass closes 1Q with revenue of Rs. 1.58 b

Views - 35 Wednesday, 7 August 2019 00:00

Piramal Glass Ceylon PLC has announced its results for the 1st quarter of FY 2019-20 with Rs. 1,585 million of revenue and Rs. 21 million of profit after tax. The quarter under review saw the completion of the capacity enhancement project, which was


Largest direct entrepreneur creation program gets ready to roll out

Views - 36 Wednesday, 7 August 2019 00:00

To develop entrepreneurship in Sri Lanka to much greater levels, the Ministry of industry and Commerce, with the IDB, will launch the largest such program in Sri Lanka, for the first time in the country’s SME history. “We believe the total SMEs


FACETS 2019 set to shed much-needed optimistic light on Sri Lanka

Views - 29 Wednesday, 7 August 2019 00:00

The stage is set to host the iconic exhibition in the gem and jewellery industry of Sri Lanka, FACETS 2019, which will commence on 29 August and continue until 1 September at the BMICH. FACETS has become the face of the local industry to the global m


Domestic airports to commence new operations from Oct.

Views - 69 Wednesday, 7 August 2019 00:00

By Nuwan Senarathna The first phase of improving three domestic airports for regional commercial flights will be completed by October, Transport and Civil Aviation Minister Arjuna Ranatunga said yesterday. Palaly, Batticaloa, and Ratmalana airports


Sri Lanka Electronic Manufacturers and Exporters Association holds AGM

Views - 109 Wednesday, 7 August 2019 00:00

Sri Lanka Electronic Manufacturers and Exporters Association (SLEMEA) hosted its 21st Annual General Meeting on 25 July at the Ramada Colombo. State Minister of Finance Eran Wickramaratne graced the event as the chief guest. The minister iterated th


Overseas Realty 1H after tax profit up 5% to Rs. 2.28 b

Views - 61 Tuesday, 6 August 2019 01:27

Overseas Realty (Ceylon) PLC recorded a Group revenue of Rs. 3,726 m for six months ended 30 June, an increase of 43% over the corresponding period of last year. The Group profit after tax increased by 5% to Rs. 2,279 m. The Company revenue of Rs. 1,


BCCS Awards applications now open

Views - 31 Tuesday, 6 August 2019 01:26

The Ceylon Chamber of Commerce conducted the preliminary briefing on the application process of the Best Corporate Citizen and Sustainability Awards (BCCS) 2019, on 25 July. Applications for the Awards for both the Best Corporate Citizen and the bes


Entrepreneurial skills for all through Youth Co:Lab in Sri Lanka

Views - 104 Tuesday, 6 August 2019 01:26

UNDP and Citi Foundation, through its flagship entrepreneurship initiative – Youth Co:Lab Technopreneurship for Social Change Program – recently conducted a program for persons with disabilities at The Employers’ Federation of Ceylon. Youth Co


Govt. to broaden modernisation of agriculture targeting higher prices in export market

Views - 60 Monday, 5 August 2019 01:09

Prime Minister Ranil Wickremesinghe has said a modernisation of the agrarian economy has been launched to enable farmers to obtain higher prices for their produce and further steps will be taken in the next few years to broaden the initiative to dire


Profood Propack 2019 braves safety concerns; notches 25% more visitors

Views - 37 Monday, 5 August 2019 01:06

Sri Lanka’s most comprehensive food and packaging International trade fair, the Profood Propack and Agbiz 2019 Exhibition, launched on Friday (2 August), has recorded 25% more visitors in comparison to last year, beating all present concerns of saf


Indo-Lanka Chamber of Commerce and Industry holds 11th AGM

Views - 39 Monday, 5 August 2019 01:05

The 11th Annual General Meeting of the Indo-Lanka Chamber of Commerce and Industry was held at the Taj Samudra in Colombo. High Commissioner of India to Sri Lanka Taranjit Singh Sandhu was the Chief Guest. Many industry leaders attended the event. In


Dipped Products records Rs. 7.88 b turnover; Rs. 221 m pre-tax profit in 1Q

Views - 56 Monday, 5 August 2019 01:03

The Dipped Products Group (DPL) has posted Rs. 7.8 billion turnover and Rs. 221 million Profit before Tax (PBT) for the first quarter ended 30 June 2019. In a statement, DPL said the Hand Protection segment posted a growth of 8% in turnover amounting


Softlogic to initiate landmark project with BIA

Views - 121 Monday, 5 August 2019 01:03

Softlogic’s Central Air Conditioning Division has scored a landmark project along with SMARDT Australia, by signing a Rs. 379 million worth contract with Airport Aviation (Sri Lanka) Ltd. to replace 1500 TR magnetic bearing chillers at Bandaranaike


Today's Columnists

Religion is a problem in Sri Lanka; can it be a solution?

Saturday, 17 August 2019

Generally, it is expected that religion should be a solution to a problem. Ironically in Sri Lanka religion is the problem. Therefore, what would be the solution? When religion becomes a problem of a country....


Orthodoxy and change: A perennial Muslim issue

Saturday, 17 August 2019

Whether Muslims live as minorities in non-Muslim countries or as majorities in a total of fifty seven countries, the clash of orthodoxy with modern challenges is a perennial issue that bedevils progress on several fronts in these communities.


Making the MCC Compact work for Sri Lanka

Friday, 16 August 2019

It is a sign of these political times that even an apolitical issue like a foreign aid program becomes a hot topic in Sri Lanka. In April 2019, the Board of Directors of the Millennium Challenge Corporation (MCC) approved a compact program for Sri La


Sri Lanka needs a president hungry for success, not power

Friday, 16 August 2019

The late John F. Kennedy described politics as a “noble adventure, an adventure in which one joins hands with the masses for the service of man”. Not that the Kennedys didn’t play “politricks” in their heyday. But playing “politricks” w


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