Business

Lankan entrepreneurs clinch top Asian award amid calls to embrace national SME policy

Views - 66 Tuesday, 14 August 2018 00:00

Sri Lanka has called its entrepreneurs to study and make use of the recently launched national SME policy. “The National Enterprise Development Agency (NEDA) under my Ministry has introduced the new SME Policy for the first time in our SME history.


Chemanex says will meet future challenges with confidence

Views - 63 Tuesday, 14 August 2018 00:00

Chemanex PLC, the leading importer and manufacturer of industrial chemicals and intermediates, recently saw the completion of a successful restructuring process. The company, with its assets reaching Rs. 2.03 billion, has consolidated its strengths h


HC issued Interim Order against BGN Super Food City in case filed by Cargills

Views - 42 Tuesday, 14 August 2018 00:00

By S.S. Selvanayagam The Colombo High Court issued an Interim Order against an adversary business enterprise Defendant ‘BGN Super Food City (Pvt) Ltd.,’ preventing it from using the terms ‘Food City’ along with the slogan ‘Gedara Yana Gaman


Seven Gold awards for Atlas Axillia

Views - 88 Tuesday, 14 August 2018 00:00

Atlas Axillia Ltd. swept the boards at the recent National Convention on Quality & Productivity (NCQP) Awards 2018, winning seven prestigious Gold awards three Silver awards and one Bronze award. At this illustrious event Atlas won five Gold, one Si


Hayleys celebrates 140 years of innovative excellence in Sri Lanka

Views - 157 Monday, 13 August 2018 01:30

Leading Sri Lankan multinational and diversified conglomerate, Hayleys PLC is celebrating 140 years of business excellence and innovation this year.Established in 1878 by Chas. P. Hayley, a British entrepreneur in Galle, the company at its inception


Enterprise Asia and ICCSL to tie up

Views - 35 Monday, 13 August 2018 00:04

Dato William NG President Enterprise Asia – an NGO promoting entrepreneurship in Asia and Lt. General Sudhir Sharma Adviser Enterprise Asia met with ICC Chairman Dinesh Weerakkody and Treasurer Sheanath Soysa at ICC Sri Lanka office in Colombo to d


PickMe sets foot into Sri Lanka’s logistics sector with ‘PickMe Trucks’

Views - 908 Monday, 13 August 2018 00:01

Sri Lanka’s first and most innovative taxi hailing service, PickMe, has recently rolled out their newest service offering ‘PickMe Trucks’ through their award-winning smartphone app. The new service will now make the transportation of heavy good


Bangladesh Investment Development Authority Executive Chairman to address local business community

Views - 96 Monday, 13 August 2018 00:00

Kazi M. Aminul Islam, Executive Chairman of Bangladesh Investment Development Authority (BIDA) will be in Colombo this week and will address the business community on opportunities available in Bangladesh as it aggressively opens up for investments i


First public seminar on recently launched Trade Information Portal

Views - 110 Monday, 13 August 2018 00:00

The Ceylon Chamber of Commerce is to hold a seminar on Sri Lanka’s Trade Information Portal (TIP) on Thursday 16 August from 02.30–4.30 p.m.at the Chamber Auditorium. The seminar, being the first public forum on TIP, intends to raise awareness on


Amãna Takaful adjudged one of Sri Lanka’s top employer brands for 3rd consecutive year

Views - 75 Saturday, 11 August 2018 04:27

Amãna Takaful (ATL), the pioneer of the Takaful way of insurance in Sri Lanka, was recently adjudged one of the island’s top employer brands at the Best Employer Brand Awards 2018 which was held at the Taj Samudra Hotel, Colombo on 19 July.


National Trust unveils ground-breaking book with Aitken Spence Printing support

Views - 19 Saturday, 11 August 2018 04:26

The National Trust Sri Lanka selected Aitken Spence Printing as the sole print solution partner to produce a coffee table book which is a great value addition to the architectural knowledge of Sri Lanka.


Bairaha stands out at Pro Food Pro Pack and Agri Biz 2018 Trade Expo

Views - 18 Saturday, 11 August 2018 04:24

Bairaha Farms PLC, Sri Lanka’s pioneer and leading chicken processor, marked its presence at the Pro Food Pro Pack and Agri Biz 2018 Trade Expo, held at the BMICH from 3 to 5 August.


British Council’s English assessment tool Aptis now available at Third Space Global, Orion City

Views - 12 Saturday, 11 August 2018 03:27

The British Council in Sri Lanka has appointed Third Space Global at Orion City as a reseller of its popular English assessment tool known as ‘Aptis’. This new partnership is intended to make it easier for organisations to access Aptis to assess


Kelani Cables commences island-wide distribution of Kelani LED Bulbs

Views - 16 Saturday, 11 August 2018 03:26

Kelani Cables PLC, the manufacturer of the No. 1 brand in secure electrical and communication cables in Sri Lanka, ventured into producing power-packed LED bulbs and unveiled its newest Kelani LED Bulbs range to the island wide market recently.


Sri Lankan electronics and electrical sector seeking opportunities in Malaysia and Singapore

Views - 72 Friday, 10 August 2018 00:10

Sri Lankan companies have gained more than 28 business leads, about 15 business alliances, joint venture opportunities coupled with market exposure, and studying new trends in technology and innovation by participating in the exposure visit cum busin


Ceylon tea showcased at Myung Won World Tea Expo 2018 in Seoul

Views - 37 Friday, 10 August 2018 00:10

The Sri Lanka Embassy in Seoul, in partnership with the Myung Won Culture Institute, facilitated the participation of the Sri Lanka Tea Board Director General Anura Siriwardhana as a special guest at the


Sri Lanka-Maldives Business Council holds 10th Annual General Meeting

Views - 75 Friday, 10 August 2018 00:10

Sri Lanka-Maldives Business Council (SLMBC) of The Ceylon Chamber of Commerce held its 10th Annual General Meeting (AGM) on 10 July, at the Hilton Colombo Residences and Counsellor Mohamed Ahm


Refurbished Mawanella Singer Plus showroom opens

Views - 12 Friday, 10 August 2018 00:10

Newly refurbished Singer Plus Mawanella showroom was declared open recently by Singer Finance (Lanka) PLC Chief Executive Officer Thushan Amarasuriya. Singer Sri Lanka PLC Head of Central Province Manjula Silva and Singer Sri Lanka PLC Business Devel


Sathosa to set up mega outlets in NE

Views - 145 Friday, 10 August 2018 00:10

Sri Lanka’s State-run Lanka Sathosa has come up with new changes this year to beat the retail market. The Government urge


Sunshine Holdings records 8% top line growth in 1Q despite challenging business conditions

Views - 29 Friday, 10 August 2018 00:10

Diversified Sri Lankan conglomerate Sunshine Holdings PLC has reported top line growth of 8.0% YoY to stand at Rs. 5.6 billion during the first quarter of the current financial year (1Q FY19).


Govt. bailed out Mihin Lanka through loans from BOC: Official

Views - 28 Friday, 10 August 2018 00:10

Government took fresh loans to bail out debt-ridden Mihin Lanka, the Presidential Commission of Inquiry (PCoI) to investigate and inquire into alleged irregularities in connection with SriLankan Airlines, SriLankan Catering, and Mihin Lanka heard yes


Vidullanka posts excellent Q1 performance

Views - 32 Friday, 10 August 2018 00:10

Vidullanka Plc has reported an impressive Group turnover of Rs. 412 million and post-tax profit of Rs. 226 million for its first quarter of FY2018/19. This is in keeping with its momentum of steady growth wherein the Group reported a topline of Rs.


Economic Summit 2018: Shifting gear, realising Vision 2025

Views - 49 Friday, 10 August 2018 00:10

The session titled ‘Turnaround; Shifting Gear from Slow to Fast Track’ which is to be held at Cinnamon Grand on 13 September from 11:30 a.m. to 1 p.m., at the Economic Summit 2018, will focus on game-changers for Sri Lanka. The session will explo


116 young entrepreneurs from North Western Province identified for ‘Thurunu Diriya’ loans

Views - 36 Thursday, 9 August 2018 01:00

The ‘Thurunu Diriya’ loan scheme, which was designed to empower young entrepreneurs, was launched by Bank of Ceylon (BOC) with the assistance of the Policy Development Office of the Prime Minister’s Office. Loans have been already granted for t


Denmark keen on supporting port development in SL

Views - 141 Thursday, 9 August 2018 00:58

Minister of Ports and Shipping Mahinda Samarasinghe recently paid a visit to Denmark to gather financial and technical assistance for the development of ports in Sri Lanka. During the visit, Minister Samarasinghe held discussions with a group of dele


CIMA to find Sri Lanka’s best young business brains

Views - 153 Wednesday, 8 August 2018 00:00

The Chartered Institute of Management Accountants (CIMA) new challenge will see young professionals from companies


Advantis Engineering partners ATAD Steel Structure to bring construction solutions to Sri Lanka

Views - 100 Wednesday, 8 August 2018 00:00

Advantis Engineering, a subsidiary of Hayleys Advantis Ltd., recently entered into a Memorandum of Understanding


Movie Works corrects Imthiaz Cader

Views - 51 Wednesday, 8 August 2018 00:00

With reference to the Daily FT article titled ‘Film industry debate rages’ featuring Liberty Cinemas Ltd. Managing Director


SL film wins ‘Most Outstanding Film’ Award at Asia Tourism Film & Television Awards Festival in Chin

Views - 51 Wednesday, 8 August 2018 00:00

Sri Lankan film ‘Bhavatharana’, directed by Devinda D. Kongahage, won the Most Outstanding Film Award under international


Samsung launch new QLED TV series with unique features

Views - 36 Tuesday, 7 August 2018 00:38

By Safna Malik Samsung yesterday launched its 2018 line up of latest models of QLED TV series, featuring world’s first cadmium-free Quantum Dot technology, with anticipation to reach market leader position in the flat panel televisions in Sri Lank


Today's Columnists

Singapore miracle – How SL could benefit from trade with Singapore

Monday, 20 August 2018

According to a media report released by President’s Media Division, a committee of experts has been appointed by the President to examine and report on ‘the practical impact and use of the proposed officer policy guidelines and recommendations on


High NPAs in SME sector: Who is responsible?

Monday, 20 August 2018

Non-Performing Assets (NPAs) of the banking sector have been increasing in the recent past. Gross NPA ratio reached about 3.3% as at end of May2018 recording an increase of about 0.8% over the past five months.


DMK Chief “Kalaignar” Karunanidhi excelled as a Tamil film script writer

Saturday, 18 August 2018

Muttuvel Karunanidhi, known to the Tamil-speaking world as “Kalaignar” (artiste), passed away at the age of 94 in Chennai on 7 August. Karunanidhi had been Chief Minister of India’s Tamil Nadu state for a total of 19 years. He was Chief Ministe


Bangladesh could be a happy hunting ground for Lankan entrepreneurs

Saturday, 18 August 2018

Bangladesh has traditionally been hospitable to Sri Lankan entrepreneurs and fortunately, the traditional friendliness has not given way to arrogance with the country’s growing prosperity. This was acknowledged at a meeting of Sri Lankan entreprene


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