Business

Built-Mech & Carrier celebrate longstanding partnership

Views - 56 Monday, 10 September 2018 02:11

Built-Mech Services was recognised as a longstanding partner in providing MVAC systems in Sri Lanka recently at the grand opening of Carrier Aircon Lanka’s new office. The company has been one of the pioneers in bringing the Carrier and Toshiba br


CA Sri Lanka’s 39th National Conference in October

Views - 72 Monday, 10 September 2018 02:10

The National Conference of Chartered Accountants organised by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) is geared to inspire Chartered Accountants in October with a host of top experts, entrepreneurs and policy makers to embr


‘Ambiente’ trade fair welcomes Sri Lanka to Frankfurt

Views - 24 Monday, 10 September 2018 02:08

‘Ambiente’ the world’s largest international trade show organised by Messe Frankfurt, will have a Sri Lankan pavilion in 2020 to promote local consumer products and exports to the world market. The biannual event Ambiente is scheduled to be hel


United Motors Lanka diversifies into revolutionary 3D printing industry

Views - 74 Monday, 10 September 2018 01:27

United Motors Lanka PLC (UML), is now pleased to introduce its 3D Printing arm which will now market some of the best European brands of printers to the Sri Lankan market. The 3D Print Studio is located at Abidally Building, No. 33 Park Street Colomb


JASTECA 2018 to recognise SL’s strongest 5S, Kaizen and CSR performers

Views - 20 Monday, 10 September 2018 01:26

The Japan Sri Lanka Technical and Cultural Association (JASTECA) recently announced the launch of the JASTECA Awards which recognises the country’s strongest performers who excelled in 5S, Kaizen and Corporate Social Responsibility.


AMCHAM/STAX’s actionable recommendations on positioning Sri Lanka as attractive FDI destination

Views - 225 Monday, 10 September 2018 01:25

AMCHAM, in collaboration with STAX, recently launched the 2018 whitepaper ‘FDI Landscape and Investor Sentiment in Sri Lanka’ at a gathering of business and government leaders including Minister of Development Strategies and International Trade M


Asia-Pacific Entrepreneur Award for Ananda Caldera

Views - 48 Monday, 10 September 2018 01:21

Ananda Caldera, Executive Director, Global Rubber Industries (GRI), Sri Lanka, has been honoured with the Asia-Pacific Entrepreneur Award for manufacturing sector by the Enterprise Asia, Asia’s leading non-governmental organisation for entrepreneur


CIMA President Steven Swientozielskyj in SL

Views - 30 Saturday, 8 September 2018 00:10

The 85th President of the Chartered Institute of Management Accountants (CIMA), Steven Swientozielskyj FCMA, CGMA, will arrive in Sri Lanka today. During his visit he is scheduled to meet the President Maithripala Sirisena, Prime Minister Ranil Wickr


Batticaloa International Trade Exhibition 2018: ‘Your bridge to the east’

Views - 76 Saturday, 8 September 2018 00:10

The fourth edition of the Batticaloa International Trade Exhibition 2018 (BITE 2018) is scheduled on 5, 6 and 7 October at the Shivananda Vidyalaya Grounds in Batticaloa. BITE 2018 is organised by Lanka Exhibition and Conference Services Ltd. (LECS)


LMD recognises Derana as Sri Lanka’s most respected media entity

Views - 30 Saturday, 8 September 2018 00:10

Derana has been named the most respected media entity in Sri Lanka by LMD magazine in its latest compilation of Sri Lanka’s most respected entities. Just 13 years old, Derana is a premium entertainment and news channel offering multichannel access


NSBM Industry Partnership ceremony on Monday

Views - 68 Saturday, 8 September 2018 00:10

The NSBM Industry Partnership Program’s Evening of Partnership Building and Fellowship together with the Prospectus and Business Dialog Magazine Launching Ceremony will be held for the second time un


Sujeewa leads private sector delegation to Kenya

Views - 42 Saturday, 8 September 2018 00:10

State Minister of Development Strategies and International Trade Sujeewa Senasinghe, led a delegation of private sector companies to Kenya together with the Export Development Board (EDB) on 5 September.


BEAM opens first store at Majestic City with range of new security systems

Views - 44 Saturday, 8 September 2018 00:10

BEAM Corporation affiliated with the Thunder and Neon Group that is renowned for its engineering excellence in signage for 30 years, opened its first flagship store ceremoniously at No. 42, Second floor, Majest


CAT selects UTE from global dealer network to unveil 426F2 backhoe loader at ‘Construct 2018’

Views - 55 Friday, 7 September 2018 00:00

Strengthening a fruitful 70-year history as the exclusive dealer for Caterpillar in Sri Lanka, United Tractor & Equipment Ltd. (UTE), was chosen from among the global dealer network to unveil the new 426F2 backhoe loader at the recently concluded ‘


NES starts sailing

Views - 160 Friday, 7 September 2018 00:00

The National Export Strategy (NES) has started sailing on high waves after obtaining Cabinet approval and being launched together with all NES stakeholders. The NES, a flagship development project spearheaded by the Ministry of Development Strategie


Colombo YPO Sept. Forum on FTAs: What’s in it for us?

Views - 177 Friday, 7 September 2018 00:00

With the subject of Free Trade Agreements (FTAs) being an important point of discussion among the business community as well as the academic community related to business and economic studies, the Colombo Chapter of the Young Professionals Organisati


MAS Holdings announces new joint venture with Best Pacific

Views - 134 Thursday, 6 September 2018 00:14

MAS Holdings entered into a joint venture agreement with Best Pacific International Holdings Ltd. earlier this year, which was formalised on 1 August with the official signing ceremony. This joint venture (Trischel Fabric Ltd.) aims to further elevat


Sandeep Chaudhary to speak at ICCSL - CIMA Awards

Views - 152 Thursday, 6 September 2018 00:13

Aon Hewitt Consulting India Chief Executive Officer and Aon Asia Pacific Leadership Team Member Sandeep Chaudhary will deliver the key note address at The ‘Most Admired Companies of Sri Lanka 2018’ awards on 9 September. Chaudhary partners with


US Embassy partners with Matara Chamber of Industry and Commerce to open American Corner

Views - 20 Thursday, 6 September 2018 00:13

The US Embassy in Sri Lanka signed a Memorandum of Understanding on 30 August with the Matara Chamber of Industry and Commerce to open a new American Corner in Matara. US Embassy’s acting Public Affairs Officer Nancy VanHorn and Chamber Chairman Me


Tenaga Park Smart and JLanka collaborate to ease EV charging

Views - 105 Thursday, 6 September 2018 00:09

Tenaga Car Parks Ltd., South Asia’s largest parking management company, having over 100 parking meters in Colombo, collaborated with JLanka E-Mobility Ltd. to make urban life easier for electric vehicle (EV) drivers. Through this partnership, JLank


Powitt Solar Lanka brings ultra-modern photovoltaic technology to Sri Lanka with INE Solar Panels

Views - 247 Thursday, 6 September 2018 00:07

The Sri Lankan solar industry will gain localised access to one of the world’s most technologically advanced and globally demanded solar panels, with leading photovoltaic product manufacturer Infinity New Energy’s (INE) entrance to Sri Lanka. Th


249 young entrepreneurs from NCP identified for ‘Enterprise Sri Lanka,’ ‘Thurunu Diriya’ loans

Views - 35 Wednesday, 5 September 2018 00:00

A total of 249 young entrepreneurs qualified to receive ‘Thurunu Diriya’ loans were identified from North Central province. This was revealed at a progress review meeting for North Central Province, which was held on 31 August at the Anuradhapura


Minister Amunugama says SL should take advantage of location and develop a ‘Blue’ economy

Views - 40 Wednesday, 5 September 2018 00:00

Declaring open a new building at the Ocean University of Sri Lanka, Minister of Science, Technology, Research, Skills Development, and Vocational Training and Kandyan HeritageDr. Sarath Amunugama said recently that, taking advantage of our location a


British High Commission delegation visits Hambantota Port

Views - 53 Wednesday, 5 September 2018 00:00

A delegation from the British High Commission recently visited the Hambantota Port and was welcomed by the port operator, Hambantota International Port Group (HIPG) — a company established as a public-private partnership between the Government of S


Technology the key to accelerate growth in the subcontinent

Views - 305 Wednesday, 5 September 2018 00:00

By Darshana Abayasingha “South Asia offers two special aspects; we are the most competitive market in the world, they demand quality and they know how to extract value,” states Romal Shetty, President – Consulting of Deloitte India. It’s eas


Belluna Japan and Asia Capital to invest heavily in Sri Lanka’s real estate and hospitality market

Views - 175 Tuesday, 4 September 2018 00:41

Belluna Co., a Tokyo Stock Exchange – First Section listed company, and a significant player in the global real estate industry, reiterates its commitment to forge new paths for both the local real estate and hospitality market with the confirmatio


Sriyan de Silva Wijeyeratne remains Abans CEO though moving out of Board

Views - 98 Tuesday, 4 September 2018 00:40

Sriyan de Silva Wijeyeratne will continue to be the CEO of Abans Plc though he has resigned from the Board as a Director. In June, Abans Plc announced that via a Board resolution dated 18 June 2018, Wijeyeratne was appointed as CEO with effect from 1


AmCham holds roundtable discussion with US Dept. of Commerce’s Asia Head

Views - 44 Tuesday, 4 September 2018 00:40

The American Chamber of Commerce in Sri Lanka held a closed-door roundtable discussion this morning with US Department of Commerce Asia Executive Director James Golsen and its members. Golsen’s visit to Sri Lanka comes at an opportune time with US


‘Magnetic North’ booming as new BOI investment destination

Views - 99 Tuesday, 4 September 2018 00:00

The Northern Province has benefited from investment as a result of the efforts of the Board of Investment of Sri Lanka. The BOI opened a dedicated office in Jaffna in 2010 to attract and facilitate investment into the province. Whilst it is correct t


Dockyard ceremonially launches “KDDI Cable Infinity” built for Kokusai Cable Ship Co., Japan

Views - 303 Tuesday, 4 September 2018 00:00

Colombo Dockyard PLC (CDPLC) yesterday ceremonially launched the first ever Cable Laying Vessel being built for Kokusai Cable Ship Co. Ltd. (KCS) Japan. This is the biggest ever vessel, in terms of price as well as length, to be built by CDPLC in it


Today's Columnists

Imran may turn blind eye to blasphemy law and persecution of Ahmadiyyas

Saturday, 22 September 2018

There are clear signs that Pakistan’s freshly minted Prime Minister, Imran Khan, will make a sincere effort to reduce corruption and maladministration in the domestic sphere. In foreign affairs he is likely to make a brave attempt to mend fences wi


The rate of exchange, capital flight and the Central Bank

Friday, 21 September 2018

The Central Bank (CBSL) exists for the sole purpose of price stability. Its controls on the financial system and monetary policy exist to maintain price stability. As put forth many times by the Governor, the failing of the CBSL to control inflation


Red flag over the Sri Lankan Navy

Friday, 21 September 2018

Shocking story Rusiripala, a former banker in Sri Lanka, who has taken to writing in Daily FT, is perturbed by the red flag I have raised (Daily FT article 18 September) over the shocking charge that our Navy had operated a ransom gang that had abduc


The bald truth about fake news, etc.

Friday, 21 September 2018

In its most innocent forms, we may all enjoy a bit of ‘fake news’ and go to bed with a lighter heart and clean conscience. A meme on Facebook urging social media consumers to caution – “You can’t believe everything you read on the internet


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