Business

‘Ujala’ wins counterfeit battle

Views - 6 Friday, 6 October 2017 00:00

In a ruling dated 19 September, the Commercial High Court of the Western Province granted a landmark interim injunction, which was sought by the Indian company, Jyothy Laboratories Ltd. The matter, which was held before


CNCI half day seminar on New IR Act 2017 on 12 October

Views - 8 Friday, 6 October 2017 00:00

The Ceylon National Chamber of Industries (CNCI), the pioneering industry chamber in the country has scheduled a half day seminar on New Inland Revenue Act 2017 to the public and private sector employees to be conducted on 12 October from 1 p.m. to 5


Tea Talk with Dr. Ajith Colonne on 12 Oct.

Views - 48 Friday, 6 October 2017 00:00

The Imperial Institute of Higher Education has organised a Tea Talk session on the interesting topic of ‘Chaos’, to be delivered by Dr. Ajith Colonne.


Highlight of Sri Lanka Institute of Directors’ social calendar returns!

Views - 9 Friday, 6 October 2017 00:00

Taking a delightful turn from its usual corporate training programs, workshops and seminars, the Sri Lanka Institute of Directors (SLID) brings together an elegant evening, starting with a drinks reception extending


Clarification by Walkers CML Group

Views - 24 Thursday, 5 October 2017 00:00

With reference to article titled ‘CA Dismisses Revision Application Filed by Northern Power Company’ published in Daily FT on 2 October, Walkers CML Group says that the ruling on the case was “I direct the Learned Magistrate of the Mallakam Cou


Sethsuwa Pranajeewa to hit European market

Views - 17 Thursday, 5 October 2017 00:00

Due to the huge demand from many countries around the world for Sethsuwa Pranajeewa, it has been decided to increase the distribution network targeting the European market, said the Managing Director Sethsuwa Aurveda Hospital.


Presidential Export Awards extols Lanka Harness Company

Views - 12 Thursday, 5 October 2017 00:00

Lanka Harness Company Ltd. was awarded at the Presidential Export Awards for being the exporter that has added the highest value in the category of automobiles and automobiles spare parts exporting. Lanka Harness Company Ltd. was recognised for this


R.N. Constructions wins BIA project

Views - 41 Thursday, 5 October 2017 00:00

The Government this week gave approval to award the emigration area of Bandaranaike International Airport in Katunayake to R. N. Constructions Ltd. for Rs. 472.5 million.


Brussels-based FTA seminar on GSP+ in Colombo

Views - 10 Thursday, 5 October 2017 00:00

A seminar titled ‘Sri Lanka and GSP+: Ensuring sustainable supply chain’ kicked off recently in Colombo. It was organised by the Brussels based Foreign Trade Association. State Minister of International Trade Sujeewa


New Industry and Commerce Secy. worked in trade, FTAs  

Views - 38 Thursday, 5 October 2017 00:00

The newly-appointed Secretary to the Ministry of Industry and Commerce was a Sri Lanka administrative service official who also has a grasp of FTAs and fiscal policies.


CBB Executive Committee meets High Commissioner of Sri Lanka to UK

Views - 20 Thursday, 5 October 2017 00:00

High Commissioner of Sri Lanka to the United Kingdom Amari Wijewardene says this is the best time to promote Lankan products in the UK market, as Sri Lanka has been rewarded with the ‘EU GS Plus’ facility.


Brandix sponsors National Occupational Safety & Health Conference for 8th year

Views - 12 Thursday, 5 October 2017 00:00

The Brandix Group has announced its continued commitment to efforts to promote safety and health at workplaces as a key sponsor of the 2017 National Occupational Safety & Health (OSH) Conference of Sri Lanka, an event it is supporting for the eighth


UN unveils SDG 9 in Colombo, initiates global best practices for Lankan industries

Views - 36 Wednesday, 4 October 2017 00:00

Having inked the Sustainable Development Framework with Sri Lanka in August, United Nations Sri Lanka has unveiled its way forward on the country’s


Emirates SkyCargo helps Sri Lankan seafood exports to Europe

Views - 38 Wednesday, 4 October 2017 00:00

Sri Lanka’s edible fish exporters are experiencing a boom following the resumption of shipments to Europe, and Emirates SkyCargo is playing a key role in helping them capitalise on this resurgence.


All-time record price for Morawakkorale Tea Factory

Views - 28 Wednesday, 4 October 2017 00:00

Morawakkorale Tea Factory situated in Kotapola, Matara District established an all-time record price for a BOP1A Grade which sold at Rs. 735 at this week’s tea auction held on 2 October


Hatrick for Hingalgoda PF1

Views - 22 Wednesday, 4 October 2017 00:00

Hingalgoda Tea Factory situated in Hiniduma – Galle achieved yet another all-time record price of Rs. 860 for an invoice of PF1 for the third week running in the Low Grown CTC category at the weekly tea auction held on 3 October.


Hidellana Tea Factory BOPFSP achieves record price

Views - 61 Wednesday, 4 October 2017 00:00

At this week’s Colombo Tea Auction held on 2 and 3 October, an invoice of Low Grown BOPFSP grade offered by Hidellana Tea Factory achieved an all-time record price of Rs. 900 per kg, breaking the previous record of Rs. 860 set at the sale of 13 Jun


Policy flip-flops risk harming ‘Make in India’ drive: Company execs

Views - 22 Tuesday, 3 October 2017 00:00

NEW DELHI (Reuters): Surprise policy shifts, such as an apparent U-turn over a locomotive deal with General Electric, risk undermining Prime Minister Narendra Modi’s flagship ‘Make in India’ initiative, which aims to create millions of jobs and


US economy accelerates in Q2; hurricanes expected to slow growth

Views - 15 Tuesday, 3 October 2017 00:00

WASHINGTON (Reuters): The US economy expanded a bit faster than previously estimated in the second quarter, recording its quickest rate of growth in more than two years, but the momentum likely slowed in the third quarter due to the impact of Hurrica


Asian factories rev up in September ahead of year-end spending spree

Views - 13 Tuesday, 3 October 2017 00:00

SINGAPORE (Reuters): Factories in Asia’s largest economies cranked up activity in September as a synchronised upswing in growth globally pointed to solid consumption of manufactured goods heading into the lucrative end-of-year shopping season.


US Embassy provides strategic trade enforcement training to Sri Lanka Customs officials

Views - 30 Tuesday, 3 October 2017 00:00

The US Department of State’s Export Control and Related Border Security (EXBS) Program and the World Customs Organization (WCO) trained 34 Customs Officials from Sri Lanka in strategic trade controls enforcement from 12 to 15 September.


World Bank bans iconic Australian firm over ‘inappropriate payments’ in projects including SL

Views - 42 Tuesday, 3 October 2017 00:00

www.canberratimes.com.au: Iconic Australian engineering company, SMEC, has had five of its subsidiaries banned by the World Bank after the discovery of “inappropriate payments” linked to projects in Sri Lanka and Bangladesh.


EDB steps up export promotion and development aftermath of GSP+

Views - 64 Tuesday, 3 October 2017 00:00

France being the world’s sixth largest economy, trade between France and Sri Lanka has much potential and scope for development. Fuelling the momentum, the GSP+ concessions will make Sri Lankan exports more competitive. Therefore, timely and strate


MAS Holdings brushes up on paint partners in non-toxic journey

Views - 53 Tuesday, 3 October 2017 00:00

Best known for being the world’s first to introduce the chemical leasing model for waste water treatment in 2015, MAS Active Linea Intimo has now signed on with JAT Holdings for a first of its kind chemical leasing deal that will see JAT teams prov


AmCham appoints new Board of Directors for 2017/2018

Views - 1893 Tuesday, 3 October 2017 00:00

The 25th Annual General Meeting of the American Chamber of Commerce in Sri Lanka (AmCham) was held on 29 September, at the Galle Face Hotel, ushering in the new Board of Directors for 2017/2018.


IDB holds export promotion workshop in Matara

Views - 18 Monday, 2 October 2017 00:11

The Marketing Department cum the Media Unit of the Industrial Development Board – Moratuwa, conducted a special session on ‘Export Promotion’ in Matara to canvass and encourage both buyers and sellers to meet and exchange


Mattakelle Estate sets up yet another all-time record price

Views - 23 Monday, 2 October 2017 00:10

Mattakelle Estate managed by Talawakelle Tea Estates Plc once again established an all-time record price of Rs. 930 for a line of Dust1 grade at the weekly tea auction held on 27 September.


UNIDO’s Dr. Berkel highlights SDGs and industry way forward in Colombo today

Views - 22 Monday, 2 October 2017 00:09

UN’s specialised agency for industrial development working to usher inclusive and sustainable industrialisation framework will unveil its way forward on industry framework of Sustainable Development Goals (SDGs) on Sri Lanka today (2 October) for t


Applications for ‘Best Corporate Citizen Sustainability Awards 2017’ close Wednesday

Views - 9 Monday, 2 October 2017 00:08

The Ceylon Chamber of Commerce will stop accepting applications from organisations, who want to compete in the ‘Best Corporate Citizen Sustainability Awards 2017’, on 4 October.


Bank of China Colombo branch launches recruitment drive with Cornucopia Lanka

Views - 352 Monday, 2 October 2017 00:07

Bank of China, which is now the 4th ranked bank in the world will be opening its first branch in Sri Lanka later this year.


Today's Columnists

What is more important? Fixing the Constitution or fixing the economy?

Tuesday, 17 October 2017

The Steering Committee of the Constitutional Assembly has produced an Interim Report on six key issues after 73 sessions between April 2016 and September 2017, without basic consensus among the key partners of political party representatives in the C


Top 10 tourist source markets and marketing of Sri Lanka tourism niches

Tuesday, 17 October 2017

The tourism sector is a significant that contribute to the economy of the country. Sri Lanka received over two million arrivals in 2016. This was 14% increase compared to last year 2015. In the case of foreign exchange earnings, Sri Lanka’s earning


The bond robbery and CB’s reputation: Yahapalana Government should stop playing hide and seek

Monday, 16 October 2017

Immediately after the Treasury bond auction on 27 February 2015, the news of a massive impropriety that had taken place in the auction spread across the market like a wildfire.


Robert Knox, different now?

Monday, 16 October 2017

“At their leisure when their affairs will permit, they commonly meet at places built for strangers and way-faring men to lodge in, in their language called Amblomb, where they sit chewing betel, and looking one upon the other very gravely, solidly


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