Business

China XD Group ready to invest in 200 MW renewable energy plant

Views - 97 Tuesday, 21 January 2020 00:00

China XD Group, the largest State-owned power transmission line equipment manufacturing company in China, visited Sri Lanka to explore opportunity in renewable energy. China XD Asia Business Development Head Tao and his team along with Powerdrive Tec


Forum on Sri Lanka’s Economic Direction 2020 and Beyond

Views - 65 Tuesday, 21 January 2020 00:00

A forum discussing Sri Lanka’s economic direction for 2020, organised by the Sri Lanka-Malaysia Business Council, will take place on 27 January. The event will include some of the country’s key business and economic leaders, who will discuss the


“We can’t wait”: Maldives desperate for funds as islands risk going under

Views - 31 Tuesday, 21 January 2020 00:00

NEW DELHI (Reuters): The tropical Maldives may lose entire islands unless it can quickly access cheap financing to fight the impact of climate change, its foreign minister said.


Jagath Perera appointed Chairman of Lanka Transformers

Views - 89 Monday, 20 January 2020 04:04

The Transport Services, Electricity and Energy Ministry recently appointed Jagath Perera as the new Chairman of Lanka Transformers Ltd. The appointment letter was handed over to Perera last week by Transport Services, Electricity and Energy Minister


Trade deficit contraction continues

Views - 65 Monday, 20 January 2020 04:04

Central Bank on Friday said the trade deficit contracted marginally in November 2019 (year-on-year), with both imports and exports declining. During the first 11 months of 2019, the trade deficit contracted compared to the corresponding period in 20


Key regulations on fisheries industry to be debated in P’ment tomorrow

Views - 29 Monday, 20 January 2020 04:02

By Chandani Kirinde Parliament will take up for debate tomorrow nine regulations under the Fisheries and Aquatic Resources Act including the prohibition on disposal of industrial or domestic effluent directly or indirectly to Sri Lanka Waters.  Thes


Grundfos’ new cloud-based service app to reduce downtime for Thailand’s critical infrastructure

Views - 22 Monday, 20 January 2020 03:50

In line with Thailand’s transformation into a digital economy, global pump manufacturer Grundfos today announced the launch of its new cloud-based service app in Thailand to reduce downtime for key infrastructure in the country. The growth of consu


Future thinkers at Ambiente 2020

Views - 15 Monday, 20 January 2020 03:50

The Future Thinkers are not simply students at the Fontys University of Applied Science in the Netherlands. They are above all professional trend watchers. As before, they will be sharing their knowledge with trade visitors at Ambiente 2020 in Frankf


Govt. to take quick measures to address microfinance irregularities

Views - 30 Saturday, 18 January 2020 00:10

The Government this week said immediate attention would be paid to resolving issues pertaining to microfinance loan scams, noting that swift measures were being taken to free people of this burden. “After many years, the Finance Ministry and the Ce


Mobitel and ‘CareerMe’ take on mantle of career guidance for students, teachers and parents

Views - 54 Saturday, 18 January 2020 00:04

Reiterating its pledge in leading Sri Lanka towards an info com and knowledge rich society, Mobitel, Sri Lanka’s national mobile service provider, has partnered with ‘CareerMe’, a fully-fledged career guidance app and web platform developed by


Deepthi Plant Nursery bags Silver at Entrepreneurship Excellence Awards

Views - 19 Saturday, 18 January 2020 00:02

B.R. Anton Mendis, proprietor – Deepthi Plant Nursery, Polonnaruwa, was the proud winner of the Silver Award, Agricultural Sector, Medium Category at North Central Provincial Entrepreneurship Excellence Awards – 2019. Founded by B.W.K. Mendis, fa


Jaffna International Trade Fair 2020 opens on 24 January

Views - 33 Saturday, 18 January 2020 00:00

The Jaffna International Trade Fair 2020, known to be the biggest and only one of its kind events in the Northern Province open to the general public from the north-east and other parts of the country, will be held to coincide with the Thai Pongal Fe


NDB Wealth promotes golden returns

Views - 34 Saturday, 18 January 2020 00:00

This festive season, NDB Wealth invites everyone to celebrate the joy and abundance of Thai Pongal, the first harvest of the season in its full measure. This traditional festival dating back over 2,000 years is commemorated with the boiling of the f


SLT to power EDEX 2020 as Telecommunication Partner

Views - 10 Saturday, 18 January 2020 00:00

Sri Lanka Telecom (SLT) is proud to announce that the company will be powering EDEX 2020, Sri Lanka’s largest education exhibition and job fair as the Telecommunication Services Provider. EDEX Expo, conducted for the 17th consecutive year, is sched


Sands Active to boost pharmaceuticals manufacturing under new BOI deal

Views - 102 Friday, 17 January 2020 00:00

The Board of Investment of Sri Lanka has signed an agreement with Sands Active Ltd., to set up a project for the manufacture of pharmaceutical products for the local market to meet the current national requirement of imports substitution of medicinal


Supply of fuel from CPC to CEB to be increased

Views - 40 Friday, 17 January 2020 00:00

Steps will be taken to increase the limit of fuel provided to the Ceylon Electricity Board (CEB) by the Ceylon Petroleum Corporation from the current limit of Rs. 80 billion to Rs. 90 billion, following a request from the CEB. In a statement issued y


Dialog launches ‘SAVIYA’, mobile advisory service for dairy farmers

Views - 40 Friday, 17 January 2020 00:00

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of ‘SAVIYA’, a mobile based advisory service for dairy farmers to improve dairy production capacity, quality of milk produced, and health of livestock. The serv


Singaporean agri-business gets Cabinet nod for fertiliser procurement contract

Views - 144 Friday, 17 January 2020 00:00

Singaporean agri-business Ameropa Asia Ltd. was recommended by the Standing Cabinet Appointed Procurement Committee (SCAPC) to award the tender for procuring a supply of 15,000 MT of Urea (Granular) to the Ceylon Fertiliser Company Ltd. and the Colom


Dulan wins Social Entrepreneur of the Year 2019

Views - 43 Friday, 17 January 2020 00:00

South Asia’s most excellent Social Entrepreneur of the Year 2019 has been awarded to Dulan Hettiarachchi in recognition of his remarkable initiative for building 52 houses across the island for the poor. He had been the think tank of the concept t


Daraz partners with Department of Samurdhi Development to uplift rural entrepreneurs

Views - 68 Thursday, 16 January 2020 02:06

Daraz Sri Lanka partnered with the Department of Samurdhi Development to enhance the economic engagement and success of entrepreneurs in rural Sri Lanka. Apart from leading the tech industry with mobile phone brands and other tech-related products, D


GSEA Sri Lanka seeks next generation of student entrepreneurs for 6th consecutive year

Views - 163 Thursday, 16 January 2020 02:02

The Global Student Entrepreneur Awards (GSEA) has played an influential role in Sri Lanka, enriching and empowering student entrepreneurs since 2015. Over the years, Sri Lanka has produced three global finalists. This year marks the sixth consecutive


To accolades for Sri Lanka tourism

Views - 74 Wednesday, 15 January 2020 01:18

The New Year 2020 kicked off with a fresh start and good vibes for Sri Lanka, for the island destination bagged its first award of the year, as Asia’s best destination for wildlife tourism at Top Asia Corporate ball 2019, which was held in Shangri-


‘Port of Galle to be made a tourist port’: State Minister of Ports Development Kanaka Herath

Views - 69 Wednesday, 15 January 2020 01:07

State Minister of Ports Development Kanaka Herath made a special inspection visit at the Port of Galle recently with the objective of seeking possibilities to make it a tourist port.


Program to reduce soil erosion in 2,500 hectares of land

Views - 16 Wednesday, 15 January 2020 01:06

Steps are being taken to reduce soil erosion in 2,500 hectares of land as per the 2020 development plan of the Hadabima Authority of Sri Lanka and an annual budget of 150 million rupees has been allocated for the program.


SLAITO welcomes Thilak Weerasinghe’s appointments

Views - 118 Wednesday, 15 January 2020 01:05

The Sri Lanka Association of Inbound Tour Operators in a statement congratulated Thilak Weerasinghe on his appointment to the Board of Airport and Aviation Services (Sri Lanka) Ltd. and the Sri Lanka Tourism Development Authority (SLTDA).


‘Born in Sri Lanka’: Country-Of-Origin Mark supports SL brands in the global market

Views - 987 Tuesday, 14 January 2020 00:00

The Sri Lankan Export Development Board’s country-of-origin certification mark for the spices sector supports growers, processors and manufacturers by helping them to identify their products as ‘Sri Lankan Born,’ and informs customers and consu


Advocata calls for entrepreneurship stories

Views - 50 Tuesday, 14 January 2020 00:00

Advocata Institute recently launched a study on removing barriers to Micro and Small Entrepreneurs (MSEs) through regulatory and legislative reform. The economic contributions of MSEs are seen as one of the major driving forces pushing economic growt


New Commissioner General appointed to Excise Dept.

Views - 55 Tuesday, 14 January 2020 00:00

A. Bodaragama, who served as an Advisor to the Ministry of Finance, Economic and Policy Development, has been appointed as the Commissioner General of Excise. He joined the Department in 1985 as an excise inspector and has held various posts in the E


Five Sri Lankan companies to participate at Ambiente 2020

Views - 81 Tuesday, 14 January 2020 00:00

Five Sri Lankan companies will participate at the world’s largest consumer goods show, Ambiente in Frankfurt, Germany next month. Ambiente 2020 is offering a unique spectrum of products for the table, kitchen and housewares, gifts and decorative ar


Chaudhary Group: Forging ahead globally, uplifting Nepal locally

Views - 876 Monday, 13 January 2020 09:39

As Chaudhary Group (CG) Managing Director Nirvana Chaudhary increasingly takes command of his family-owned, third generation business empire from his father, CG Chairman and President Binod Chaudhary, a role he has been groomed for since he was a


Today's Columnists

Forensic Audits part of bond scam cover-up

Saturday, 25 January 2020

From the time the bond scam was carried out by the Ranil Wickremesinghe administration, that administration under the guidance of the former Prime Minister had been avoiding the law by regularly bringing up various distractions so that the true natur


Halting mega projects is untimely; Govt. can explore other options

Friday, 24 January 2020

In a Sunday newspaper on 5 January a news item titled ‘Mega projects on hold until August budget,’ ‘Drop in revenue after tax reductions prevents spending on major constructions,’ was not a development-friendly headline. It may be accurate o


Is any further expenditure on the Port City a waste of money?

Friday, 24 January 2020

Erase from the mind all that you have read and heard about it. Then take a blank piece of paper, draw an irregular circle, and draw a line to divide it into two. On the bottom half write 300 acres. That is our Port City! To get the size into a proper


Foundations of incivility

Friday, 24 January 2020

The lack of advanced political consciousness and democratic discipline can be considered as one of the main reasons for the crisis and the failure that Sri Lanka is facing. This can be considered a situation that has prevailed since independence. Sri


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