Business

COMBANK joins ICCSL as Exclusive Banking Partner to offer member benefits

Views - 52 Wednesday, 17 October 2018 00:00

CEOs of companies that are members of the International Chamber of Commerce Sri Lanka (ICCSL) have been accorded ‘Elite’ customer status by the Commercial Bank of Ceylon, consequent to the Bank joining the ICCSL as the Exclusive Banking Partner f


Economic transformation only path to growth

Views - 133 Tuesday, 16 October 2018 00:38

By Divya Thotawatte The depreciation of the rupee can be offset by Central Bank measures but this will be unsustainable in the long term with strong economic growth needing to be underpinned by greater exports and investment being the only the soluti


Embassy of Sri Lanka in Sweden meets Stockholm Grocers Association

Views - 83 Tuesday, 16 October 2018 00:32

The Embassy of Sri Lanka in Sweden, in partnership with the Sweden-Sri Lanka Business Council (SSLBC) organised a meeting with the members of the Association of Stockholm Grocers (Livsmedelshandlarna) on 10 October at the Embassy premises. The Assoc


Manufacturing and services PMI dips in Sept.

Views - 36 Tuesday, 16 October 2018 00:31

Manufacturing and services sectors slowed down in September according to the latest Purchasing Managers Index (PMI), with cost pressures seen due to higher input costs. The Manufacturing Sector PMI decreased to 54.1 index points in September from 58


Arbitration to contribute towards SL’s income if properly upgraded

Views - 52 Tuesday, 16 October 2018 00:05

By Divya Thotawatte Arbitration, if suitably upgraded and improved, could be a potential sector for Sri Lanka’s economy since the demand for arbitration rises every day, said an official recently. Speaking at the Annual General Meeting of the Sri


South Asia firms up growth lead despite Budget woes

Views - 21 Tuesday, 16 October 2018 00:00

WASHINGTON: With growth topping 6.9% in 2018 and set to accelerate to 7.1% next year, South Asia is firming up its position as the world’s fastest-growing region, further extending its lead over East Asia and the Pacific, says the World Bank in its


People’s Bank reaffirms commitment to SME sector with ‘Entrepreneurial Glory’ program

Views - 37 Tuesday, 16 October 2018 00:00

As per its vision to propel the expansion and expertise of small and medium businesses, People’s Bank held its ‘Entrepreneurial Glory’ program at the Sun Dream Hotel in Galle. The program features a series of seminars tailor-made to provide ins


Top Sri Lankan startups invited to Reach Global

Views - 233 Tuesday, 16 October 2018 00:00

Venture Frontier Lanka has launched the applications for the National Startup Challenge, a new initiative dedicated to top Sri Lankan tech startups. This is a two-day event that will take place at Dialog Axiata Auditorium on 10 and 11 November. The N


Sri Lankan business delegation explores export opportunities in Mumbai

Views - 43 Monday, 15 October 2018 00:52

A 10-member SME business delegation from the Sri Lanka Export Development Board (EDB) was in Mumbai from 26 September to 2 October to visit the ‘Annapoorna – World Food of India 2018...


Launch of ‘Sri Lanka: State of the Economy 2018’

Views - 134 Monday, 15 October 2018 00:51

Higher debt servicing costs and risks that have come about with a notable shift in the composition of the creditor base makes the Sri Lankan economy more vulnerable to external shocks, notes the annual, flagship report of the Institute of Policy Stud


SLCB and ICCA tie up for industry collaboration for meeting industry in Sri Lanka

Views - 10 Monday, 15 October 2018 00:49

The Sri Lanka Convention Bureau (SLCB) functioning under the Ministry successfully conducted the ICCA Meeting Industry Development Forum in collaboration with the International Convention & Congress Association (ICCA) on 9 October at Hotel Taj Samudr


Registrations for Sri Lanka Retail Forum 2018 close tomorrow

Views - 17 Monday, 15 October 2018 00:42

The Sri Lanka Retailers’ Association (SLRA), with a vision of ‘Driving Retail Excellence’ will hold the nation’s premier retail sector knowledge event – Sri Lanka Retail Forum (SLRF) 2018 ‘Towards a Dynamic and Evolving Retail Sector’.


Sri Lankan products launched in Ethiopia

Views - 108 Monday, 15 October 2018 00:42

Venora Lanka Power Panels Ltd., manufacturer of power panels to mega projects in Sri Lanka and abroad, launched its products in the Ethiopian market under the auspices of Ambassador of Sri Lanka....


Inaugural Ceylon Petroleum Week to take place in Colombo in November

Views - 32 Monday, 15 October 2018 00:40

The first-ever Ceylon Petroleum Week (CPW) will be held in the last week of November at the Shangri-La Hotel, Colombo. During the week, leaders from the oil and gas industry will have the opportunity to discuss the state of the industry and forge new


HDCC awards Hambantota District Best Traders Associations

Views - 8 Monday, 15 October 2018 00:37

For the third time, the Hambantota District Chamber of Commerce organised the ‘Hambantota District Best Traders Association 2017-2018’ to select winners from 18 trade associations.


Wellawatta Nithyakalyani Jewellery and NJ Exports bag a hat-trick of NCE Gold Awards

Views - 76 Monday, 15 October 2018 00:35

Wellawatta Nithyakalyani Jewellery, a pioneer in the gem and jewellery trade in Sri Lanka, was recently recognised with the Gold Award in the Gem and Jewellery Sector in the Medium Category at the 26th NCE Export Awards organised by the National Cham


Hakmana Singer Plus showroom relocated

Views - 13 Monday, 15 October 2018 00:34

Hakmana Singer Plus showroom was relocated at a very convenient place with all the modern facilities to give their loyal customers a great shopping experience.


Foreconns Canneries awarded Bronze at NCE Awards 2018

Views - 24 Saturday, 13 October 2018 00:10

Foreconns Canneries, a leading exporter in food items with authentic SriLankan delicacies, was recently bestowed the Bronze Award in Fresh and Processed Food Sector, Small Category, at National Ex


Atlas Axillia World of Dreams empowers creativity at Colombo International Book Fair 2018

Views - 12 Saturday, 13 October 2018 00:10

Close to 60 years, Atlas Axillia has been instrumental in fostering creativity among children in Sri Lanka. The company has consistently supported the concept of encouraging arts and crafts and creativity towards developing a holistic personality in


Sampath Bank marks 14 years of partnership with Colombo International Book Fair

Views - 14 Saturday, 13 October 2018 00:10

Sampath Bank joined hands with the Colombo International Book Fair organised by the Sri Lanka Book Publishers’ Association (SLBPA) as the official banker of the event for the 14th consecutive year. This longstanding partnership is a testament to th


Royal Cashews clinches NCE Export Award for 2nd consecutive year

Views - 27 Saturday, 13 October 2018 00:10

‘Royal Cashews’ (Royal Food Marketing Company), leading cashew processing company in Sri Lanka (www.royalcashew.lk) was conferred with the NCE Export Award for the second consecutive year. The national award for the ‘F


idea2fund’s Bakamuna completes Pop-Up at Colombo City Centre

Views - 26 Saturday, 13 October 2018 00:10

Bakamuna, a mixed media lifestyle design brand powered by MTI’s idea2fund, successfully completed a 15-day run of its pop-up store at the Colombo City Centre (CCC). The store, a repurposed bullock cart, was stationed from 19 September to 3 October,


Fire breaks out at clothing store in Pelawatte

Views - 161 Friday, 12 October 2018 00:00

By Nuwan Senarathna A fire that erupted at a leading clothing store in Pelawatte, Battaramulla was put out by the Fire Brigade and Sri Lanka Air Force with strenuous effort yesterday. The fire engulfed the clothing store last morning at around 11:10


ICRA Lanka reaffirms [SL] A+ Rating with Stable Outlook for JAT Holdings

Views - 4 Friday, 12 October 2018 00:00

ICRA Lanka Ltd., a subsidiary of ICRA Ltd., group company of Moody’s Investors Service, has reaffirmed the issuer rating of [SL] A+ with a Stable Outlook for JAT Holdings Ltd. JAT Holdings, one of Sri Lanka’s most successful and diversified cong


Architects’ Awards Night 2018 tomorrow

Views - 48 Friday, 12 October 2018 00:00

The Sri Lanka Institute of Architects ‘Architects’ Awards Night 2018’ will be held at the Grand Ballroom, Hilton Colombo tomorrow, 13 October. The event will be attended by Architect Marina Tabassum, who is the winner of the Aga Khan Award for


UberHIRE comes to Colombo

Views - 83 Friday, 12 October 2018 00:00

Uber, the world’s largest on-demand ride-sharing company, announced the launch of its UberHIRE service in Colombo. With this service, riders can now book both day long trips as they go exploring within the city and take as many stops as they want.


Kosala meets Nepal Vice President

Views - 12 Friday, 12 October 2018 00:00

International Business Council President Kosala Wickramanayake met with Nepal Vice President Nanda Kishinev Pan at the Western Exhibition in Chengdu, China recently. Pan, who was the Chief Guest, served as the Chief Commander of the People’s Libera


PickMe enables dynamic QR code to accept payments

Views - 65 Friday, 12 October 2018 00:00

Further strengthening the brand promise of ensuring security and speed, Sri Lanka’s most innovative and largest taxi hailing service, PickMe introduced QR technology enabled mobile payment system recently. The launch signals the company’s decisi


Import Promotion Desk of Germany to partner EDB in export target activities

Views - 75 Thursday, 11 October 2018 00:00

With the recently-concluded visit of the Sri Lanka delegation headed by Minister of Development Strategies and International Trade Malik Samarawickrama organised by the AHK – Delegation of German Industry and Commerce in Sri Lanka, EDB Chairperson


CIMA Global President visits HNB Headquarters, meets members

Views - 73 Thursday, 11 October 2018 00:00

Steve Swientozielskyj, the 85th Global President of the Chartered Institute of Management Accountants (CIMA), during his recent visit to Sri Lanka visited HNB Headquarters and met with the CIMA members and discussed the opportunities and risks for th


Today's Columnists

Reinvent yourself before reinventing your industry

Tuesday, 23 October 2018

For the last 19 years Interbrand has been carrying out its Best Global Brands report. This year, the theme of the study is ‘Activating Brave’, which examines the role that brand strength plays in the transformation of the world’s leading busi


Virtual banks: Opportunities and challenges

Tuesday, 23 October 2018

A virtual bank is a bank which predominantly delivers retail banking services through the internet or other forms of electronic channels instead of physical branches. This covers all online transactions whether it be via the web, email, mobile check


Value of regulated landfills: Megapolis Ministry must communicate

Tuesday, 23 October 2018

Our policymakers may do the right thing but not do it too well by not communicating the larger purpose of their actions. The current fuss about the proposed Aruwakkalu landfill is one such example. As the Ministry of Megapolis correctly points out,


IPS’s State of the Economy Report 2018 is a demonstration of its independent analysis of the economy

Monday, 22 October 2018

Economists are at the receiving end of society today when it comes to economic crises. They have been blamed not only for giving confusing advice, but also for failing to predict accurately the oncoming economic catastrophes.


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