Business

Waters Edge correction

Views - 54 Monday, 8 April 2019 00:03

In the Daily FT story published on 4 April concerning the Cabinet granting approval to award the tender for the construction of a 48-room hotel for Waters Edge Company to Sathuta Builders Ltd., the cost of contract is Rs. 1.3 billion and not Rs. 13 b


Serenia Residences brings sophisticated foreign investors to Sri Lanka

Views - 64 Monday, 8 April 2019 00:00

Serenia Residences, the luxury development of 47 fully-serviced residences located on the ‘Million Dollar Golden Mile’ in Talpe, Galle continues to attract foreign buyers who seek the south coast beachside lifestyle, coupled with a great return o


Panasonic only LED bulbs in Sri Lanka to comply with SLS and 3 other international standards

Views - 28 Monday, 8 April 2019 00:00

Softlogic Retail Limited, part of the Softlogic Group of Companies and also the authorised distributor for Panasonic in Sri Lanka for the past few decades, has announced that Panasonic LED bulbs have been certified compliant with SLS 1458 safety and


Hayleys’ Talawakelle Tea wins Best Integrated Reporting at Asia Sustainability Awards

Views - 42 Monday, 8 April 2019 00:00

Emerging ahead of leading Asian corporates, Hayleys Plantations’ Talawakelle Tea Estates PLC (TTEL) was crowned as winners of Asia’s Best Integrated Report at the fourth Annual Asia Sustainability Reports Awards (ASRA) in Singapore. Setting a ne


76 year old W.Punchibanda & Sons rebrands as Nativeway

Views - 257 Monday, 8 April 2019 00:00

Parallel to the continuing expansion of its operational scope, long-standing integrated engineering solutions provider since 1942, W.Punchibanda & Sons Ltd., has announced an ambitious new plan to diversify and grow its business locally and overseas


Hayleys Energy Services and HIPG usher in largest oil field production asset to call Sri Lanka

Views - 129 Monday, 8 April 2019 00:00

Hayleys Energy Services (HES), the pioneer inoil and gas support services in Sri Lanka,hasushered in the first floating production storage and offloading (FPSO) asset to ever call Sri Lanka, in collaboration with the Hambantota International Port Gro


SLINTEC partners MagGenome Technologies, India to develop techniques in DNA extraction

Views - 171 Monday, 8 April 2019 00:00

Sri Lanka Institute of Nanotechnology (SLINTEC) signed a Memorandum of Understanding (MoU) with MagGenome Technologies Ltd., India on 8 March to conduct co-development on nanoparticles-based techniques in DNA extraction. Through this partnership with


Why Start-ups don’t become Grown-Ups: MTI

Views - 78 Monday, 8 April 2019 00:00

As part of their Thought Leadership Initiative, MTI Consulting has shared learnings on why many start-ups fail and what could be done to improve the success rate. They argue that decoding the ‘black box’ between Start-Ups and Grown-Ups is key to


edotco wins ‘Asia Pacific Telecoms Tower Company of The Year’byFrost & Sullivan for 3rdyear

Views - 23 Saturday, 6 April 2019 00:10

edotco Group (edotco), the leading end to end integrated telecommunications infrastructure services company,was presented with the Frost & Sullivan’s award of ‘Asia Pacific Telecoms Tower Company of the Year’ for 2019. This is the thirdconsecu


Hundreds of New Zealand and Australian cows reportedly die after export to Sri Lanka

Views - 42 Saturday, 6 April 2019 00:00

1News: Hundreds of Australian and New Zealand dairy cows have reportedly died after being live exported to Sri Lanka as part of an Australian government-backed deal. ABC reports the deal has left farmers in Sri Lanka broke and in some cases suicidal


People’s Bank relocates Mullaitivu branch to new premises

Views - 16 Saturday, 6 April 2019 00:00

The inauguration ceremony of the relocated Mullaitivu branch of People’s Bank was held recently at its new premises, under the patronage of People’s Bank CEO/General Manager N. Vasantha Kumar. Mullaitivu branch was moved to its new premises with


786.lk partners up with Kelani Cables

Views - 32 Saturday, 6 April 2019 00:00

786.lk, the pioneering e-commerce platform in Sri Lanka plunges into an economically savvy decision by taking on the grave responsibility to guide the most premier and eminent competitor of Sri Lanka’s industrial manufacturing sector, Kelani Cables


Waffle Boy bags two Golds at Entrepreneur of the Year

Views - 28 Saturday, 6 April 2019 00:00

Revolutionary edible packaging manufacturer, the Waffle Boy won the National Gold Award in Small Category and the Gold Award for Small Category of Western Province at the Entrepreneur of the year – 2018 awards ceremony organised by the Federation o


Chinese investment to set up rubber development zone

Views - 31 Saturday, 6 April 2019 00:00

A special delegation from China’s largest natural rubber make, China Hainan Rubber Industry Group met with Sri Lanka’s Minister of Plantation Industries Navin Dissanayake this week to discuss investing in establishing a rubber development zone an


Parliamentary committee raises questions over milk powder, fruit and canned fish imports

Views - 80 Friday, 5 April 2019 00:00

By Ashwin Hemmathagama – Our Lobby Correspondent Committee on Public Accounts (CoPA) tabled the second report of the third session of the eighth Parliament containing information on 20 institutions examined during 23 February – 12 October 2018 ye


Gazette on international sovereign bonds

Views - 53 Friday, 5 April 2019 00:00

The Government yesterday moved the Extraordinary Gazette notification of 27 February permitting the Government to issue international sovereign bonds during this year and to make any payments in relation to such issuance for non-resident investors. T


Stop adding sugar to tea during production or face consequences, Navin warns industry

Views - 195 Thursday, 4 April 2019 01:47

Plantation Industries Minister Navin Dissanayake warned yesterday that stern action would be taken against tea producers at all levels who fail to comply with Government instructions to stop adding sugar during the production process. Speaking during


National Chamber of Commerce says power cuts hindrance

Views - 32 Thursday, 4 April 2019 01:46

The National Chamber of Commerce (NCCSL) yesterday in a statement said the on-going power cuts are a hindrance of SMEs and the corporate sector. Following is the full statement. The decision of CEB to cut electricity in two time slots within the day,


Kelani Knowledge Forum 2019: bringing the latest know-how in the electrical engineering sphere

Views - 25 Thursday, 4 April 2019 01:17

Kelani Cables PLC, Sri Lanka’s number one brand in secure electrical and communication cables, held its annual scholarly conversation forum Kelani Knowledge Forum 2019 recently at Water’s Edge, Battaramulla. The keynote address was made by one o


Afghanistan Keen on Stronger Trade Ties with Sri Lanka

Views - 29 Thursday, 4 April 2019 01:16

The Ambassador to the Islamic Republic of Afghanistan M. Ashraf Haidari met up recently with the UNIDO National Director in Sri Lanka Nawaz Rajabdeen to discuss the possibilities of establishing business ties with Sri Lanka. Ambassador Haidari was pa


Atlas Axillia wins prestigious Nagaaki Yamamoto KAIZEN Gold Award

Views - 53 Thursday, 4 April 2019 01:15

In recognition of its exceptional quality and outstanding lean management practices, Atlas Axillia was recently honoured with the Nagaaki Yamamoto KAIZEN Gold Award, emerging as the overall competition winner for 2018. The award was presented at the


Lankan female business leader participates in Fortune’s Mentorship Program

Views - 519 Thursday, 4 April 2019 01:13

Hayleys Strategic Business Development Head Manohari Abeyesekera joined women leaders from 15 countries in the United States this week for the Fortune-US Department of State Global Women’s Mentoring Partnership.  Abeyesekera and 18 other particip


Niraj De Mel appointed to Ceylon Tea Brokers Board

Views - 362 Thursday, 4 April 2019 01:12

Ceylon Tea Brokers PLC has announced the appointment of Niraj De Mel to its Board of Directors with effect from 1 April as an Independent Non-Executive Director. De Mel commenced his career at Forbes & Walker Limited and has over 40 years of experien


Candor Equities clarifies

Views - 85 Thursday, 4 April 2019 01:11

With reference to the article titled ‘Perseverance, SL’s Strategic Location Bring Biggest FDI Project to Fruition’ which appeared in the front page of the Daily FT of 1 April 2019, Candor Equities Ltd. has sent the following clarification:We no


BOI establishes one-stop service centre at Hambantota International Port

Views - 328 Thursday, 4 April 2019 01:09

The Board of Investment of Sri Lanka (BOI) has established a one-stop service centre at the Hambantota International Port (HIP), to provide investors in the port and related services easy access to avail themselves of concessions open to them. A ce


EDB successfully concludes 18th Exporters’ Forum

Views - 30 Thursday, 4 April 2019 01:07

The 18th Exporters Forum chaired by Deputy Minister of Development Strategies and International Trade Nalin Bandara was held on 3 April at the EDB Auditorium. Most of the problems faced by exporters cannot be solved by one institution alone and requ


Pakistani nationals arrested in Colombo consumer raid

Views - 246 Wednesday, 3 April 2019 00:00

Three Pakistani nationals have been arrested in a suspected cosmetic contraband raid by the Consumer Affairs Authority of Sri Lanka (CAA) on the afternoon of 1 April. “The three suspects were arrested while they were handling an uncertified, unknow


Bandula alleges fraud in pepper re-exports

Views - 35 Wednesday, 3 April 2019 00:00

UPFA MP Bandula Gunawardena asked the Government to consider assigning the Ministry of Commerce under the Ministry of Strategic Development and International Trade in order to eliminate the re-export of substandard Vietnamese pepper under the Ceylon


Pathfinder Foundation, JAAF seminar series on current global developments

Views - 53 Wednesday, 3 April 2019 00:00

The Pathfinder Foundation (PF) together with the Joint Apparel Association Forum Sri Lanka (JAFFSL) is scheduled to hold a series of seminars on current international developments. The first in these series will be entitled ‘The Belt & Road Initia


US-based Eisenhower Fellowships calls for applications from Sri Lanka

Views - 39 Wednesday, 3 April 2019 00:00

Established in honour of former US President Dwight Eisenhower in 1953, the prestigious Eisenhower Fellowship is a unique, individualised seven-week fellowship program aimed at developing a network of outstanding leaders and change agents from across


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


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