Business

5,000 Lankan industries hit Rs. 5 b green fund jackpot

Views - 76 Thursday, 7 December 2017 00:12

More than 5,000 Sri Lankan industries have secured the country’s first large-scale green funding initiative aimed solely at their manufacturing sector, including SME industries. A significant Rs. 5 billion in funds is to be channelled through 11 l


Cabinet nod for solar power systems at public institutions

Views - 36 Thursday, 7 December 2017 00:11

In accordance with the Soorya Bala Sangramaya program, the Cabinet of Ministers approved a project to install solar power systems at public institutions across the country.


Berendina rewards best entrepreneurs for 2017

Views - 41 Thursday, 7 December 2017 00:00

Berendina Micro Investments Company (BMIC) held its ‘Best Entrepreneur Awards’ on 24 November in a packed auditorium at the MAS Fabric Park in Thulhiriya. The much-looked-forward-to event is held biennially, with this year being the seventh conse


Top honours for Commercial Bank, Hayleys and DIMO at CA Sri Lanka’s 53rd Annual Report Awards

Views - 103 Thursday, 7 December 2017 00:00

Commercial Bank of Ceylon Plc won the coveted ‘Cyril Gardiner Memorial Trophy’ Gold Award for Overall Excellence in Annual Financial Reporting at the grand finale of the 53rd Annual Report Awards competition organised by the Institute of Chartere


Breaking the ICE: Innovation, Creativity and Entrepreneurship

Views - 191 Thursday, 7 December 2017 00:00

The three-day ‘Design Thinking’ workshop conducted by Professor Suranga Nanayakkara from Singapore University of Technology and Design was wrapped up successfully on 26 November at the main project site of Foundation of Goodness in Seenigama. The


SLSBC concludes successful trade and investment promotion mission to Singapore

Views - 22 Thursday, 7 December 2017 00:00

The Sri Lanka-Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce successfully concluded a business mission to Singapore from 8-10 November. The mission was organised in collaboration with the International Enterprise (IE) Singapore,


Grace Asirwatham to speak on BIMSTEC at LKI

Views - 39 Wednesday, 6 December 2017 00:00

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Ministry of Foreign Affairs,


STAX outlines investment opportunities in Sri Lanka at Singapore business forum

Views - 109 Wednesday, 6 December 2017 00:00

STAX was recently invited by International Enterprise (IE) Singapore to brief Singaporean businesses on high-growth sectors in Sri Lanka, at a seminar entitled ‘Sri Lanka Investment Opportunities 2017’.


Pathfinder Foundation’s Centre for Indo-Lanka Initiatives move to Peliyagoda

Views - 26 Wednesday, 6 December 2017 00:00

Pathfinder Foundation’s Centre for Indo-Lanka Initiatives (CILI) has moved to MMBL Pathfinder head office premises River Point located at Peliyagoda Admiral.


Siddhalepa Group in LMD’s prestigious Most Respected Edition for 6th consecutive year

Views - 19 Wednesday, 6 December 2017 00:00

The Hettigoda Group made it to the LMD’s prestigious special edition on Most Respected Companies for the sixth consecutive year,


PM Chief Guest at CA Sri Lanka’s 53rd Annual Report Awards today

Views - 77 Tuesday, 5 December 2017 00:00

The 53rd Annual Report Awards organised by CA Sri Lanka will be held on Tuesday, 5 December under the patronage of Prime Minister Ranil Wickremesinghe, who will be the Chief Guest, while Speaker of Parliament Karu Jayasuriya will be the Guest of Hono


MTI launches CEO Survey for 2018 with Wijeya Newspapers

Views - 73 Tuesday, 5 December 2017 00:00

For the seventh consecutive year, MTI Consulting will be carrying out the CEO Business Outlook Survey in association with the Wijeya Newspapers Group. The annual survey will be conducted during the last weeks of December, with the results being relea


IDB’s Pallekelle Industrial Estate chalks 50 years

Views - 10 Tuesday, 5 December 2017 00:00

By E. Weerapperuma The Pallekele Industrial Estate, coming under the administration of the Industrial Development Board of Ceylon (IDB) Katubedda, Moratuwa, celebrated its golden jubilee on Friday 17 November with the participation of IDB Director G


Exploring new opportunities under Pakistan-SL FTA at Expo Pakistan

Views - 37 Tuesday, 5 December 2017 00:00

The Trade Development Authority functioning under the purview of Ministry of Commerce of Pakistan organised the 10th Expo Pakistan from 7 to 9 November at Karachi Expo Centre, Pakistan. The Expo Pakistan 2017 was jointly inaugurated by Pervaiz Malik


NHRDC, CA and SLID Handbook on Good Governance for Directors of SOEs out today

Views - 27 Tuesday, 5 December 2017 00:00

A publication ‘Handbook on Good Governance for Chairmen and Boards of Directors of Public Enterprises’ will be jointly launched at the annual report awards ceremony organised by CASL. The first copy of this publication will be presented to Prime


ADB financing for Walkers Colombo Shipyard

Views - 175 Tuesday, 5 December 2017 00:00

Walkers Colombo Shipyard Ltd., a subsidiary of MTD Walkers PLC secured a $ 4 million loan from the Asian Development Bank to be utilised for the development of the Shipyard of Walkers Colombo Shipyard featuring a state of the art Shiplift and Transf


Sri Lanka to host 10th ICAN conference from 4 to 8 Dec.

Views - 48 Monday, 4 December 2017 00:13

Sri Lanka has been offered the opportunity to host the 10th ICAN conference in Colombo from 4 to 8 December.


PickMe uses its local intelligence to introduce unique pricing structure for three-wheelers

Views - 83 Monday, 4 December 2017 00:13

In a strategic move to bring greater benefits for drivers and patrons, home-grown taxi hailing service PickMe reduced its three-wheeler fares to Rs. 33 per km, from a previous fare of Rs. 35 per km.


Six interim injunctions granted against former employees of Acquest

Views - 144 Monday, 4 December 2017 00:08

On 30 November, the Commercial High Court granted six interim injunctions against former employees of Acquest Ltd., restraining them from using and or disclosing the confidential business information of Acquest and preventing


EDCF Framework Arrangement of $ 500 m signed between Sri Lanka and South Korea

Views - 47 Friday, 1 December 2017 00:14

A Framework Arrangement (FA) was signed yesterday between the governments of Sri Lanka and South Korea in the presence of the two countries’ presidents. The committed amount of the FA was increased from $ 300 million to $ 500 million to mark the 40


Sri Lanka can reach 58% of world with current trade agreements

Views - 42 Friday, 1 December 2017 00:00

At the Sri Lanka Economic Conclave organised jointly by the Federation of Industry and Commerce of China, Colombo Chamber of Commerce and the Indian Chamber of Commerce, the conference Chair for session ‘Private Investment in Sri Lanka –Challenge


ADB launches book marking 50 years of ties with Sri Lanka

Views - 39 Thursday, 30 November 2017 00:55

The Asian Development Bank (ADB) is reaffirming its long-term partnership with the Sri Lankan Government to continue helping the country achieve its development goals, ADB Vice-President Wencai Zhang said during an event in Colombo to celebrate 50 ye


Expert opines Govt. thrust on indirect taxes for revenue generation may be misplaced

Views - 36 Thursday, 30 November 2017 00:00

By Charumini de Silva Despite the Government revisiting its growth model and undertaking structural reforms, a top economist pointed that policymakers’ decision to place utmost importance on indirect taxes for revenue generation seems to be misplac


LTL clinches another power project in Bangladesh 

Views - 58 Wednesday, 29 November 2017 00:00

Renowned Sri Lankan power sector leader LTL Global is planning to commission a power project for 1,000 MW in Bangladesh by 2020.


Govt. woos investors with Sri Lanka’s endless investment opportunities

Views - 90 Wednesday, 29 November 2017 00:00

The Government yesterday enlightened over 200 prospective investors from China, Wall Street, London, Geneva, Dubai, Hong Kong, Singapore and Amsterdam on the endless investment opportunities in Sri Lanka at the


SLINTEC-Dynawash collaboration continues

Views - 33 Wednesday, 29 November 2017 00:00

SLINTEC continues its journey in providing its invaluable services to strengthen the local industry research capacity.


Delegation of SL-Pak Friendship, Trade and Investment Association meets Pak envoy

Views - 32 Wednesday, 29 November 2017 00:00

A delegation of the Sri Lanka-Pakistan Friendship, Trade and Investment Association met the High Commissioner of Pakistan, Dr. Shahid Ahmad Hashmat, at the High Commission yesterday.


1998 FTA Sri Lanka’s most significant bond with India: Bathiudeen

Views - 23 Wednesday, 29 November 2017 00:00

The Government said that no partnership between India and Sri Lanka was as strong as the historic Indo-Lanka trade pact inked way back in 1998.


TVS awarded coveted Asian Marketing Excellence accolade by AMF

Views - 32 Wednesday, 29 November 2017 00:00

Premier automobile brand TVS has yet again created history by being the first automobile company to be awarded the ‘Marketing Company of The Year –Sri Lanka’ by the Asia Marketing Federation at the recently concluded Asian


agxa Singapore, Australia and Sri Lanka achieve FSC Chain of Custody Certification

Views - 18 Wednesday, 29 November 2017 00:00

agxa, an AG International company, is an international trade and offshore business entity operating in Australia, Sri Lanka, India, and Singapore with principal networks in Asia, Europe and North America has now gained the most


Today's Columnists

Kodak moments for Sri Lanka Tourism

Wednesday, 13 December 2017

It was quite disheartening to see the tourism numbers for November 2017 dropping to 167,511 visitors at 0.2% growth against


Liberalising shipping and logistics: Cat out of the bag on THC too

Wednesday, 13 December 2017

At the 2017 Sri Lanka Shippers’ Council AGM as the outgoing chairman, I urged the Government on the need for fully liberalising the shipping sector to reap the long-term benefits for Sri Lanka.


A universal good: How increased health coverage can help beat back antimicrobial resistance

Wednesday, 13 December 2017

Ensuring all people everywhere have access to health services that are affordable, of good quality and within reach is a public health imperative.


Towards sustainable green automobile beyond 2018

Wednesday, 13 December 2017

In the National Budget proposals for the year 2018, the Government has taken positive steps to promote the electric car segment


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