Business,Front Page

CIMA, ICCSL to fete SL’s most admired companies

Views - 396 Monday, 11 June 2018 00:00

The Chartered Institute of Management Accountants (CIMA) and the Sri Lanka International Chamber of Commerce and Industry

HTL Aircon to expand to Sri Lanka

Views - 25 Monday, 11 June 2018 00:00

The Hindu: HTL Aircon Private Ltd, a leading heating, ventilation and air conditioning (HVAC) contractor, has announced overseas expansion plans.

Porsche begins anniversary year with a New Year reception

Views - 30 Saturday, 9 June 2018 00:23

Stuttgart. Fast. Pure. Emotive. For the past 70 years, the Porsche brand has been synonymous with sports car construction at the very highest level. The first vehicle to bear the Porsche name was registered in 8 June 1948. It was the 356 “No.1” R

Fitch affirms Kotagala Plantations at ‘CC(lka)’

Views - 56 Saturday, 9 June 2018 00:22

Fitch Ratings has affirmed Sri Lanka-based Kotagala Plantations PLC’s National Long-Term Rating at ‘CC(lka)’. Fitch has also affirmed the National Rating on Kotagala’s outstanding senior secured debentures at ‘CC(lka)’. The affirmation re

Mahindra set to dominate EV landscape

Views - 46 Saturday, 9 June 2018 00:22

The fast evolving EV landscape is witnessing new breakthroughs, new products, new techs being tested and deployed at a rapid pace. These are the best times for innovators to thrive and survive. Entry barriers were never this low and porous. The EV wo

CSE at more than 5-month closing low; blue-chips drag

Views - 44 Saturday, 9 June 2018 00:19

Reuters: Shares fell for a third straight session yesterday and ended at a more than five-month low, dragged down by diversified shares such as John Keells Holdings PLC, brokers said. The Colombo stock index ended 0.14% weaker at 6,354.92, its lowest

President proposes multidisciplinary program to make SL self-sufficient in milk

Views - 37 Friday, 8 June 2018 00:00

President Maithripala Sirisena has given instructions to the relevant authorities to prepare a draft containing a multidisciplinary

LTL’s Indian subsidiary wins Best Exporter Award

Views - 36 Friday, 8 June 2018 00:00

M/s Asiatic Electrical and Switchgear Ltd. of India, a fully owned subsidiary of Sri Lanka’s largest power company, LTL Holdings Ltd.

Batticaloa to host 96th Int’l Coop Day

Views - 25 Friday, 8 June 2018 00:00

For the first time, International Cooperative Day celebrations in Sri Lanka are to be held in the Eastern Province.

Special offers at Land Rover Open Day with SML Frontier Automotive

Views - 44 Friday, 8 June 2018 00:00

SML Frontier Automotive, the sole agents for Land Rover in Sri Lanka, invites customers to experience the all-new fleet

ACL Cables issues landmark 1,000th Electrician Debit Card

Views - 36 Friday, 8 June 2018 00:00

Sri Lanka’s No. 1 Cable in Sri Lanka ACL Cables PLC achieved a proud landmark when it handed over its 1000th Electrician Debit Card to one of its electrician technicians recently.

Malik visits high-tech German investment Kramski Lanka on Silver Jubilee

Views - 151 Friday, 8 June 2018 00:00

Minister of Development Strategies and International Trade Malik Samarawickrama visited the high tech German engineering

Adam Group Chairman files defamation; DC directs defendants to file answers

Views - 89 Thursday, 7 June 2018 00:00

By S.S. Selvanayagam Colombo Additional Judge Chamath Madanayake on Tuesday (5) ordered the Dependants Farida Shabbir and Ali Asghar Yusuf Tyebkhan to their answers on or before 7 September in respect of the defamation case filed by well-reputed bu

Nestlé awarded ‘Sri Lanka’s No.1 Most Valuable Food and Beverage Brand in 2018’

Views - 25 Thursday, 7 June 2018 00:00

Nestlé has once again been ranked Sri Lanka’s Most Valuable Food and Beverage Brand in 2018 by Brand Finance, in its annual report of Sri Lanka’s most valuable and strongest brands. This marks the sixth consecutive year in which the company has

EDB opens provincial office in Jaffna tomorrow

Views - 105 Wednesday, 6 June 2018 00:00

The Export Development Board (EDB), the apex body for exports in the country, will launch its provincial office in Jaffna tomorrow

Marlbo to host free technical training and awareness campaign in north

Views - 28 Wednesday, 6 June 2018 00:00

Marlbo Trading Company, importers and distributors of electrical equipment and industrial tools, will be hosting a free

Pathfinder Foundation promotes relations with Leshan, China

Views - 43 Wednesday, 6 June 2018 00:00

Pathfinder Foundation Director Admiral Professor Jayanath Colombage, who was engaged in a tour of lecture at the Sichuan University

Newly founded AHK Sri Lanka to boost German-Sri Lankan business ties

Views - 37 Wednesday, 6 June 2018 00:00

Inaugurated officially on 27 March with the main mission of enhancing bilateral economic relations, the Delegation of German

Presidential Commission investigating SriLankan and Mihin starts hearings

Views - 40 Tuesday, 5 June 2018 00:02

The Presidential Commission of Inquiry investigating the irregularities at the Sri Lankan Airlines and Mihin Lanka airlines kicked off its hearings yesterday (4 June) at the BMICH. Giving evidence before the Presidential Commission of Inquiry (PCoI)

SAARC CCI and FCCISL President pays courtesy call on Afghan Ambassador

Views - 15 Tuesday, 5 June 2018 00:00

SAARC CCI and FCCISL President Ruwan Edirisinghe paid a courtesy call on the Afghan Ambassador in Colombo recently. Standing from extreme left: FCCISL Director Armil Samoon, Secretary General/CEO Ajith D. Perera, FCCISL VP and Chairman – Risk and

Promate appoints ABC Trade & Investments as authorised distributor

Views - 40 Tuesday, 5 June 2018 00:00

ABC Trade & Investments Ltd. announced it has signed a strategic distribution agreement with lifestyle technology manufacturer, Promate Technologies, for Sri Lanka market. ABC Trade & Investments Ltd. will market and distribute Promate products makin

22nd Presidential Export Awards on 18 September

Views - 43 Tuesday, 5 June 2018 00:00

By Charumini de Silva The 22nd Presidential Export Awards organised by Sri Lanka Export Development Board (EDB) will be held on 18 September under the patronage of President Maithripala Sirisena at the Bandaranaike Memorial International Conference H

China says willing to work with Sri Lanka though facing trade hurdles

Views - 302 Monday, 4 June 2018 00:22

Reuters: The Chinese Foreign Ministry said on Friday (1 June) that China is willing to continue to keep working with Sri Lanka in all fields, after Sri Lanka’s top negotiator said talks for a free trade agreement between the two countries have hit

New Secretary General for ICC

Views - 39 Monday, 4 June 2018 00:17

John W.H. Denton AO, Partner and Chief Executive Officer of Corrs Chambers Westgarth, the leading Australian independent law firm, assumed office as the Secretary General of the International Chamber of Commerce (ICC) recently.

Eighth Wonder sells down, British investor buys 10% of Ascot Holdings

Views - 133 Monday, 4 June 2018 00:16

British investor Piers Morgan has acquired 10% stake in Ascot Holdings Plc for Rs. 53.8 million.

Sri Lanka-China FTA offers higher gains to Sri Lankan exports: study

Views - 45 Monday, 4 June 2018 00:15

(Xinhua) Colombo: The Sri Lanka-China Free Trade Agreement (FTA) will result in higher gains for Sri Lankan exports compared to products imported from China which are already entering the country duty free, local media reported Saturday, quoting a re

Vidullanka concludes FY18 with record performance

Views - 58 Monday, 4 June 2018 00:14

Vidullanka PLC has concluded the financial year 2017/18 with a Profit after Tax of Rs. 462.2 million, marking a strong recovery from the sluggish performance in last financial year triggered by the dry weather.

Softlogic Holdings progresses in FY18 amidst challenging economic conditions

Views - 114 Monday, 4 June 2018 00:09

Business growth progressed amidst the inhospitable and challenging economic conditions following poor regime governance.

Canada to impose tariffs on US, challenge at WTO

Views - 25 Monday, 4 June 2018 00:00

Reuters - Canada will impose retaliatory tariffs on C$16.6 billion ($12.8 billion) worth of U.S. exports and challenge U.S. steel and aluminum tariffs under the North American Free Trade Agreement and the World Trade Organization (WTO), Canadian Fore

Global trade friction puts Asian factories, export recovery at risk

Views - 22 Monday, 4 June 2018 00:00

Beijing (Reuters): Factory growth in Asia’s major manufacturing hubs showed signs of cooling last month as they braced for a rocky ride from rising global trade tensions, while the region’s key emerging markets grappled with accelerating inflatio

Today's Columnists

Great ‘Gamperaliya’: A great novel made into a great film by a great director

Saturday, 23 June 2018

‘Gamperaliya’ (Changes in the Village/Changement au Village) was the third feature film made by ace director Lester James Peries. It was released on 20 December 1963.The film was based on the famous novel of the same name written by the doyen of

Thushani takes Todos to new heights

Saturday, 23 June 2018

Thushani Rodrigo has always amazed me. From the very first day I met her, I have been in awe of her strength, courage and grace and constantly impressed by her creativity. The discipline and commitment she brings to her work, her farsightedness and h

Confusion in Maldivian opposition is to Yameen’s advantage

Saturday, 23 June 2018

The ongoing confusion in the ranks of the Maldivian opposition, barely three months before the presidential election, works to the advantage of the incumbent President and candidate of the Progressive Party of the Maldives (PPM), Abdulla Yameen.

Implications of inward FDI on China: Lessons to be learnt

Saturday, 23 June 2018

China overtook the United States to become the largest trading nation in the world in 2014. China is the second largest economy in the world behind the United States and the largest exporter in the world. It is referred to as the factory of the world

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