Business

Macksons Paints wins Silver for third consecutive year at Export Awards 2018

Views - 23 Thursday, 25 October 2018 00:00

Macksons Paints Industries Ltd., one of the leading paint manufacturers in the country and manufacturers of the popular brand of surface paint for buildings, Multilac, won the Silver award for the third consecutive year at the Export Awards 2018 held


Trincomalee Int’l Declaration clicks sooner than expected

Views - 24 Thursday, 25 October 2018 00:00

The initial draft of the pioneering international declaration on Entrepreneur Education (EE), announced on 12 October in Colombo, is to be finalised sooner than previously expected. “Given the importance of SMEs in our economy, we recently conclude


How Sri Lankan apparel can get the better of Brexit

Views - 152 Wednesday, 24 October 2018 00:00

When the UK voted on Brexit, it was a mighty curveball that hit the world economy, impacting British industries as much as their partners worldwide. For Sri Lanka, this translated into a significant new dimension of uncertainty with the UK one of the


New Alutec Group of Companies receives MASSCO Business Excellence Award

Views - 17 Wednesday, 24 October 2018 00:00

E.K. Anil De Silva, Chairman of New Alutec Group of Companies, a leading name in local aluminium products manufacturing, was awarded the MASSCO 2018 business excellence at a ceremony organised by the Mass Communicators’ Associates of Sri Lanka. The


WTO and ICC announce new Small Business Champion

Views - 23 Wednesday, 24 October 2018 00:00

The International Chamber of Commerce (ICC) and the WTO have announced at the Public Forum last week that the Institute of Export and International Trade is the second company to be recognised as a Small Business Champion. This follows the successfu


Record price for Makandura Tea Factory’s Low Grown Pekoe 1 Grade

Views - 76 Tuesday, 23 October 2018 00:00

At last week’s tea auction held on 16 and 17 October, an invoice of Pekoe 1 Grade from Makandura Tea Factory, Mulatiyana, equaled the all-time Colombo Tea Auction record price of Rs. 1,010 per kg for PEKOE 1 grade in the Low Grown Category. This te


New Hopewell Estate achieves all-time record price for 2018

Views - 39 Tuesday, 23 October 2018 00:00

At this week’s tea auction, an invoice of BOP1A Grade from New Hopewell Estate, Balangoda achieved an all-time Colombo Tea Auction record price of Rs. 800 per kg in the Low Grown Category. This tea was purchased by Kaushalya Teas Ltd. and was sold


Lankatiles: A global brand from Sri Lanka

Views - 91 Tuesday, 23 October 2018 00:00

Mahendra Jayasekera, Managing Director of Lanka Walltiles and Lankatiles PLC, weighs in on the contribution of Lankatiles to the export economy as the only export brand from Sri Lanka to bear the country’s name, and its vision for the future:


Guideline Marketing wins Business Excellence Star Award

Views - 21 Tuesday, 23 October 2018 00:00

Guideline Marketing Ltd. won the Star Award for business excellence at the Star Awards 2018 ceremony organised by the Department of Industrial Development and Enterprise Promotion (DIDEP), Central Province. The awards ceremony was held in a grand ma


LOLC’s iPay partners with PickMe to deliver top-notch customer experience

Views - 296 Tuesday, 23 October 2018 00:00

The award winning payment platform, iPay has taken yet another initiative to offer the best of convenience to its customers by partnering with the country’s No. 1 transportation hailing platform, PickMe. Now with iPay, customers can pay their PickM


Sri Lanka’s retail king taps Chinese builder to weather currency storm

Views - 120 Tuesday, 23 October 2018 00:00

Colombo/Tokyo: Sri Lankan tycoon Ashok Pathirage remains bullish about his country’s consumer spending prospects, even as it endures a currency sell-off, and he is turning to foreign investors and contractors to build up his retail business. Softlo


Hewage Holdings and Super Market wins Business Excellence Star Award

Views - 34 Monday, 22 October 2018 00:00

Hewage Holdings Ltd. and Hewage Super Market Ltd. Managing Director Jagath Hewage won twice at the Star Award 2018 ceremony organised by the Department of Industrial Development and Enterprise Promotion (DIDEP), Central Province.


Nihal Shantha and Sons wins Presidential Export Award

Views - 36 Monday, 22 October 2018 00:00

Nihal Shantha and Sons Owner Nihal Shantha, a renowned cinnamon exporter in the country, was awarded the Presidential Exports Award for Emerging Exporter of the Year in the Spice Exports Category.


BoardPAC sponsors of Singapore’s flagship Institute of Directors’ Conference 2018

Views - 47 Monday, 22 October 2018 00:00

BoardPAC, the nation’s award-winning, multinational, paperless board-meeting automation solutions provider was the proud sponsor of the ninth edition of the Singapore Institute of Directors’ (SID) flagship annual conference held recently at Marin


Top experts share insights on SL economy with visiting diplomats

Views - 101 Monday, 22 October 2018 00:00

Central Bank Governor Dr. Indrajit Coomaraswamy has observed that while Sri Lanka faces some difficulties due to the bunching up of debt payments, Sri Lanka had never missed a payment, was not in economic danger, and that the situation can be managed


Develop science and technology: Minister Amunugama

Views - 90 Saturday, 20 October 2018 00:10

“Sri Lanka which has scored high marks in the Millennium Development Goals is now poised to attain the Sustainable Development Goals adopted by more than 150 world leaders at the UN Summit in New York in 2015,” said Minister of Science, Technolog


IDB promotes digital marketing

Views - 136 Saturday, 20 October 2018 00:10

The Industrial Information Unit of the Centre for Entrepreneurship Development and Consultancy Service of the IDB will conduct a two-day practical training session on 20 and 21 October for the benefit of those who took part in the inaugural seminar o


JB Industries wins Business Excellence Star Award

Views - 105 Saturday, 20 October 2018 00:10

JB Industries Managing Director J.B. Alahakoon won the Star Award for Business Excellence in the Medium Category, Manufacturing Sector at the Star Award 2018 Awards Ceremony organised by the Department of Industrial Development and Enterprise Promoti


Frigi Engineering Services wins MASSCO Business Excellence Award

Views - 85 Saturday, 20 October 2018 00:10

The Chairman and the Managing Director of Frigi Engineering Services Ltd. Engineer Walter Perera was recently awarded with the MASSCO 2018 award for business excellence. The awards ceremony, with Speaker Karu Jayasuriya as Chief Guest was held with m


Comfort Solutions opens 100 franchised ‘show homes’ across SL

Views - 84 Saturday, 20 October 2018 00:10

Comfort Solutions Ltd., Sri Lanka’s leading distributor for air conditioning and refrigeration products, recently launched their unique ‘show homes’ concept for customers to be able to experience their products first-hand. The first of the show


361 Degrees celebrates stint as ‘Engagement Partner’ of Great Place to Work Conference 2018

Views - 73 Saturday, 20 October 2018 00:10

361 Degrees, Sri Lanka’s largest teambuilding, leadership, engagement, innovation, strategy and soft skills service provider, concluded a successful stint as the Engagement Partner for the Great Place to Work Conference 2018 held recently. The Grea


AmCham appoints new Board of Directors for 2018/2019

Views - 1500 Friday, 19 October 2018 00:00

The 26th Annual General Meeting of the American Chamber of Commerce in Sri Lanka (AmCham) was held in September at the Hilton Colombo Residences, ushering in the new Board of Directors for 2018/2019. Michael Koest is the newly elected President of A


Commercial High Court grants interim order against Ceylon and Foreign Trades and directors

Views - 133 Friday, 19 October 2018 00:00

The Commercial High Court has recently granted an interim order against CFT and its directors, Ali Asger Shabbir and Malayandi Jayaprakash, restraining them from disposing, alienating and encumbering any of the assets of Ceylon and Foreign Trades on


Ali Asgar Shabbir resigns from People’s Leasing and Finance Board

Views - 95 Friday, 19 October 2018 00:00

Dr. Ali Asgar Shabbir Gulamhusein has resigned from the office of Independent Non-Executive Director of the People’s Leasing and Finance PLC. He was appointed to the Board in July 2015.


ECCSL Marketing to Europe on 23 Oct.

Views - 18 Friday, 19 October 2018 00:00

The European Chamber of Commerce of Sri Lanka will be hosting an event titled ‘Marketing to Europe’ on 23 October, at the Movenpick Hotel Colombo from 8:30 a.m. to 5.00 p.m. (Registration from 8:30a.m. to 9a.m.) This event will be held to further


National Chamber to host European Union Ambassador on 23 October

Views - 15 Friday, 19 October 2018 00:00

European Union Ambassador to Sri Lanka, Tung –Lai Margue will be the Special Guest Speaker in ‘Meet the Ambassador’ program on ‘Bilateral Trade Between Sri Lanka & European Union’ on Tuesday 23 October at the Chamber, from 3 p.m. to 4:30 p.


No change in BOI DG

Views - 47 Friday, 19 October 2018 00:00

The Board of Investment yesterday confirmed that its Director-General Duminda Ariyasinghe continues to hold office and hasn’t resigned as claimed by some media. “As the agency tasked with promoting and facilitating local and foreign direct invest


Malik backs BOI Board

Views - 58 Friday, 19 October 2018 00:00

Development Strategies and International Trade Minister Malik Samarawickrama yesterday issued a statement backing the Directors of the Board of Investment. In a statement he said some news reports yesterday and today, quoting Presidential Media sour


First global entrepreneur education meet elevates Sri Lanka to prestigious UNESCO-APEID Chair

Views - 307 Thursday, 18 October 2018 01:14

A pioneering Entrepreneurship Education (EE) series by UNESCO, which successfully concluded in Colombo on 12 October, has elevated Sri Lanka as the new Chair of prestigious UNESCO-APEID EE series, making it the first South Asian country to clinch thi


CPC-LIOC Trinco oil tank JV awaits Cabinet nod

Views - 65 Thursday, 18 October 2018 00:37

By Charumini de Silva The Government yesterday said the proposed joint venture between Ceylon Petroleum Corporation (CPC) and Lanka Indian Oil Corp. (LIOC) to develop the oil storage facility in Trincomalee will soon be inked, after obtaining Cabinet


Today's Columnists

Constitutional paradox: There is no such thing called Election Commission

Wednesday, 14 November 2018

Our Constitution, which was certified by Parliament on 31 August 1978, has 19 amendments; the First Amendment to the Constitution was certified by the Speaker in the same year on 20 November. By the end of 1988, there had been 14 amendments made to t


‘So Sri Lanka’ – upgrade staff, processes, infrastructure at BIA arrivals to be world’s best!

Wednesday, 14 November 2018

24 October, time 12:47 p.m., place – my residence in Colombo My phone buzzes with a WhatsApp message from my old colleague Prasad Fernanado now with Saudi British Bank in Saudi. I am thrilled to see the message ‘Sri Lanka top country for travel i


Qatar crisis: From the Sri Lankans’ point of view

Wednesday, 14 November 2018

The aim of this article is to examine the Saudi blockade over Qatar and its impact in the past 17 months on the country. A special focus will be given to the Sri Lankan workers who have been living in Qatar for the past two decades. The reason why th


The reality of Sri Lanka – household end!

Wednesday, 14 November 2018

Whilst Sri Lanka is debating what is right and wrong on the governance of the country, the Sri Lankan household is falling part due to escalating costs, as per the latest data released by respected research agency Nielsen. For the seventh quarter in


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