Business

Reforms essential for sustainable growth

Views - 59 Monday, 11 March 2019 00:33

We had very productive discussions with the authorities. We reached understandings at the staff level on the fifth review under the Extended Fund Facility (EFF) arrangement and the extension of the arrangement for one additional year. The IMF’s Exe


Small biz, entrepreneurs prodded for exports in Budget windfall

Views - 106 Saturday, 9 March 2019 00:10

Sri Lanka’s Budget 2019 has fetched a much-needed windfall to Sri Lanka’s entrepreneurs and small businesses. More importantly, the latest Budget skilfully prods the sector towards exports. “Many financial and credit facilities as w


SLT recognised for its continuous commitment to corporate responsibility and sustainability

Views - 34 Saturday, 9 March 2019 00:00

Sri Lanka Telecom (SLT), the national ICT solutions provider in the country, was recognised once again for its commitment and contribution to corporate responsibility and sustainability at the Best Corporate Citizen Sustainability Awards 2018, organi


Mobitel Cash Bonanza delights residents of Buduruliya town

Views - 31 Saturday, 9 March 2019 00:00

The eagerly-anticipated Mobitel Cash Bonanza was held on 23 February in the town of Buduruliya, at the Kaburawala School grounds. The Mobitel Cash Bonanza has become a highpoint in every town which hosts the event, with customers, families and friend


Ocean Trade and Logistics wins NBE Award

Views - 50 Saturday, 9 March 2019 00:00

Ocean Trade and Logistics Ltd. was presented with a coveted Excellence award in the export sector at the National Business Excellence awards ceremony organised by the National Chamber of Commerce. The gala event was held recently at the Colombo Hilto


Findings of first post-2019 Budget public poll

Views - 140 Friday, 8 March 2019 00:05

The majority of people polled in a PepperCube Consultants research for Daily FT have viewed the 2019 Budget presented on Tuesday as positive. PepperCube polled a sample of 1,200 people in all provinces post-Budget Tuesday evening and 48% (of all res


Let capacity not gender define you: Asha de Vos

Views - 2493 Friday, 8 March 2019 00:02

Marine biologist, ocean educator and Blue Whale Project pioneer Dr. Asha de Vos believes that women should focus on their capacity to define themselves and not let their gender limit their potential. Delivering the keynote address at the ‘Ring the


US delegation visits Hambantota Port

Views - 229 Friday, 8 March 2019 00:01

A delegation headed by US Ambassador to Sri Lanka and Maldives Alaina B. Teplitz, visited the Hambantota International Port on 27 February. The visit was a part of the US Government’s mission to meet senior government and private sector officials


CSE-IFC ring bell to promote women participation for inclusive economic growth

Views - 144 Friday, 8 March 2019 00:00

The International Finance Corporation (IFC), a member of the World Bank Group, partnered with the Colombo Stock Exchange (CSE) for the fourth consecutive year to ring the opening bell for trading to celebrate International Women’s Day 2019 —a par


CA Sri Lanka’s Women Empowerment & Leadership Development Forum urges female Chartered Accountants to be visible

Views - 205 Friday, 8 March 2019 00:00

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) recently launched the Women Empowerment & Leadership Development Forum to encourage female CA’s to step in to leadership roles and support their career progression. The forum whic


ICCSL says progressive budget but execution is key

Views - 64 Friday, 8 March 2019 00:00

The International Chamber of Commerce Sri Lanka (ICCSL) congratulates the Government for maintaining policy consistency and continuing on its economic reforms agenda. ICCSL Chairman Dinesh Weerakkody noted that the 2019 Budget reflects the Government


MAC Holdings acquires 50% equity of Finlays Linehaul Express

Views - 501 Thursday, 7 March 2019 08:34

MAC Holdings Ltd., a diversified group of companies which pioneers and is recognised as a market leader in global logistics, yesterday announced it acquired a 50% equity stake in Finlays Linehaul Express Ltd. from Finlays Colombo Ltd.


IPS Chief welcomes fiscal deficit focus in 2019 Budget

Views - 62 Thursday, 7 March 2019 02:07

Institute of Policy Studies (IPS) Executive Director Dushni Weerakoon commenting on macroeconomic stability and growth post-Budget said the focus on deficit despite an election year was welcome. Following is her statement on 2019 Budget. The 2019 Bu


CMTA wary over Budget; suggests way forward

Views - 25 Thursday, 7 March 2019 02:04

The Ceylon Motor Traders Association (CMTA) yesterday in a statement expressed mixed sentiments over the 2019 Budget admitting it understands the Government’s predicament but suggested a way forward for a win-win arrangement. “CMTA understands th


Not much cheer from 2019 Budget for Tea Exporters Association

Views - 31 Thursday, 7 March 2019 02:03

The Tea Exporters Association (TEA) welcomed some of the proposals of 2019 Budget in a statement yesterday, though expressing concerns over few others. Following is TEA’s full statement: “As expected, the Government has proposed a number of ince


Bandula slams Govt. for slow growth

Views - 21 Thursday, 7 March 2019 01:34

Kicking off the debate on the second reading of the Budget in Parliament, United Peoples Freedom Alliance (UPFA) MP Bandula Gunawardana yesterday challenged the Government to reveal true statistics and give reasons for the economic downturn during th


Harsha stoutly defends Budget

Views - 28 Thursday, 7 March 2019 01:32

Non-Cabinet Minister of Economic Reforms and Public Distribution Dr. Harsha de Silva yesterday mounted a stout defence of Budget 2019, insisting that it sought to improve the economy that was impacted by the constitutional crisis. Joining the deba


Budget 2019 shows Govt. failures

Views - 62 Thursday, 7 March 2019 01:29

Former Central Bank Governor Ajith Nivard Cabraal and former Security Exchange Commission Chairman Dr. Nalaka Godahewa were strong detractors of Budget 2019 yesterday, insisting it contained repeated policies which the Government could not achieve ea


CA Sri Lanka Budget seminar 2019 to evaluate economic and tax perspectives

Views - 51 Thursday, 7 March 2019 00:06

The annual Budget seminar organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) will evaluate the economic and tax perspectives arising from the National Budget and will also feature a host of speakers and panellists represe


CMA seminar on ‘Budget Highlights 2019 – Tax Proposals and Impact on Business and Economy’ on 11 March

Views - 215 Thursday, 7 March 2019 00:06

The Institute of Certified Management Accountants of Sri Lanka (CMA) will conduct a seminar on ‘Budget Highlights 2019 – Tax Proposals and Impact on Business and Economy’ on Monday, 11 March from 8.30 a.m. – 12.30 p.m. at the Cinnamon Lake Si


Ceylon Chamber seminar to analyse National Budget 2019 on 7 March

Views - 17 Thursday, 7 March 2019 00:05

The Ceylon Chamber of Commerce will hold its annual National Budget seminar on 7 March. The seminar will discuss the implications of key policy changes in Budget 2019 and if it will be positive towards enhancing investments to strengthen Sri Lanka’


NCE to conduct Exporters Post-Budget Forum

Views - 30 Thursday, 7 March 2019 00:05

The National Chamber of Exporters (NCE) the only private sector chamber which exclusively serves Sri Lankan exporters will conduct an ‘Exporters Post-Budget Forum’ on 8 March at Orchid Room, Hotel Galadari from 3:30 p.m. onwards following the pre


Sri Lanka Embassy in Korea organises investment promotion forum

Views - 48 Wednesday, 6 March 2019 00:00

The Embassy of Sri Lanka in the Republic of Korea in collaboration with the Board of Investment (BOI) of Sri Lanka held an Investment Promotion Program in Seoul from 19-22 February, under the Economic Diplomacy Program of the Ministry of Foreign Affa


Embassy of Sri Lanka in Brazil concludes trade and tourism promotional event in São Paulo

Views - 115 Wednesday, 6 March 2019 00:00

The Embassy of Sri Lanka in Brazil successfully organised a three-day trade and tourism promotional event in Sao Paulo, the commercial capital of Brazil, from 20 to 22 February. The event drew the interest of a large number of prominent Brazilian imp


National program to develop 2000 new exporters by the year 2020

Views - 57 Wednesday, 6 March 2019 00:00

The seventh seminar for the Vavuniya, Mullaitivu and Mannar District entrepreneurs on the national program of developing 2000 new exporters was held on 1 March at the Vavuniya district secretariat conference hall. The first seminar was held on 23 Mar


North Central Province entrepreneurs’ seminar and exhibition on program to develop 2,000 exporters

Views - 25 Wednesday, 6 March 2019 00:00

The sixth seminar for the North Central Province entrepreneurs on the national program of developing 2,000 new exporters was held on 22 February at The Golden Mango Resort, Anuradhapura (Jayanthi Mawatha, Anuradhapura). The first seminar was held on


Work on Hayleys Group Advantis-managed Trustworthy.ae Group 3PL facility in Abu Dhabi starts

Views - 61 Wednesday, 6 March 2019 00:00

Dubai-based Trustworthy.ae Group has announced the ground-breaking of its first inland container depot and a third-party logistics facility in Khalifa Industrial Zone Abu Dhabi (KIZAD). Sri Lanka’s leading logistics partner Hayleys Advantis Ltd., t


Litro Gas Lanka ends 2018 on a high note

Views - 58 Wednesday, 6 March 2019 00:00

Litro Gas Lanka, Sri Lanka’s largest importer and supplier of LP Gas, won numerous awards and accolades for its performance excellence, dedication to sustainability and successful implementation of standardisation in 2018. The lineup of awards sign


The Commonwealth Business Club debuts

Views - 23 Wednesday, 6 March 2019 00:00

Monday 4 March saw the official launch of The Commonwealth Business Club, whose sole aim will be to assist in the development of new trading links between businesses across the 53 countries of the Commonwealth of Nations. The Commonwealth Business C


Work on new export processing zone in Bingiriya begins

Views - 86 Tuesday, 5 March 2019 01:31

Construction work on the country’s largest export processing zone (EPZ) in Bingiriya was commenced by Prime Minister Ranil Wickremesinghe yesterday.   Bingiriya EPZ was initiated after 15 long years. Currently, Sri Lanka has 12 EPZs in Sri Lanka


Today's Columnists

M.N. Nambiar: Birth centenary of Tamil cinema’s greatest screen villain

Saturday, 23 March 2019

Thursday 7 March this year was the birth centenary of Indian film actor Manjeri Narayanan Nambiar known to the world at large as M.N. Nambiar. The great Thespian who made a name for himself by acting in negative roles was hailed by many as the greate


An innocent utopian dream

Saturday, 23 March 2019

In an article published in the Daily FT on 19 February 2015, I predicted the trajectory of the ‘Yahapalana’ Government. In that piece of conjecture captioned ‘Maithri’s Mandate and Ranil’s Royalist Regency’ I said that Sri Lanka was witne


Historic betrayal of SLMC and ACMC

Saturday, 23 March 2019

It appears, according to a news report that the leaders of SLMC, ACMC and DPF during a meeting with President Sirisena to discuss constitutional reforms have “reneged on their promise to back the ongoing efforts to abolish the executive presidency


Playing with history

Friday, 22 March 2019

First of all, I was delighted to note a counter criticism ‘A reply to Victor Ivan’s ‘What went wrong with Sri Lanka?’ published in the Financial Times on 11 March in response to my article which appeared in the same newspaper on 22 February.


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