Business

New Vithanakande Tea Factory improves all time record for OP1 Grade

Views - 130 Friday, 4 January 2019 00:00

At the first Colombo Tea Auction for 2019 held on 2 January an Invoice of New Vithanakande improved the all-time record for Low Grown OP1 grade by realising Rs. 1,600 per kilo. New Vithanakande Tea Factory Delwala has held the record for this grade


BOI’s Biyagama Zonehonoured with prestigious industrial relations award

Views - 25 Friday, 4 January 2019 00:00

The Biyagama Export Processing Zone (EPZ) of the Board of Investment of Sri Lanka was honoured recently for achieving a very high standard in ‘Social standard and Workplace co-operation’. The Biyagama EPZ received a Silver Award from the Departme


Rockland Distillery bottling factory obtains ISO 9001:2015 certification

Views - 111 Thursday, 3 January 2019 02:16

On the constant pursuit of perfection, Rockland Distillery’s state-of-the-art modern bottling factory has been certified by INDEXPO for ISO 9001: 2015 certification. This is in addition to the Company’s achievement of the ISO 22000 certification


Grasshoppers wins World Summit Awards; will represent Sri Lanka at global ceremony in Europe

Views - 72 Thursday, 3 January 2019 02:15

The ingenuity behind the Sri Lankan last-mile logistics provider – Grasshoppers – was recognised by the WSA grand jury among the 2018 winners of the prestigious WSA award system. Here, the Grasshoppers Technology Stack for E-Commerce Fulfilment w


Debt management priority in 2019

Views - 78 Wednesday, 2 January 2019 00:00

In 2019, the Finance Ministry will give priority to debt management, while also focusing on maintaining fiscal discipline, Finance Ministry Secretary Dr. R. H. S. Samaratunga said yesterday. Speaking at the ceremony to mark the start of work on 1 Ja


Galle Chamber of Commerce lauds Ruhunu Hospital Chairman for leadership acumen in healthcare sector

Views - 42 Tuesday, 1 January 2019 00:08

Deepal Wickremasinghe, the Chairman of the Southern Province’s leading private healthcare provider Ruhunu Hospital Ltd., was recently endowed with an award for the service rendered to the healthcare sector in the Southern Province by the Galle Dist


ICCSL strengthen ties

Views - 48 Tuesday, 1 January 2019 00:07

International Chamber of Commerce Sri Lanka Chairman Dinesh Weerakkody met with the Mary Kelly Head of the National Committees and Membership of the International Chamber of Commerce in Paris on Monday to discuss opportunities for ICCSL to participat


Dr. R.H.S. Samaratunga assumes duties at Finance Ministry

Views - 53 Tuesday, 1 January 2019 00:04

Dr. R.H.S. Samaratunga who has been reappointed as the Secretary to the Treasury and Ministry of Finance and Mass Media assumed his duties at the Finance Ministry yesterday. Deputy Secretary to Treasury A.R. Desapriya, Additional Secretary R. Semas


Only rectangular pin plugs from 1 January

Views - 37 Tuesday, 1 January 2019 00:00

The Public Utilities Commission of Sri Lanka (PUCSL) says that the sale, display and storage of so-far used non-standard ampere 5 and 15 round plugs are banned from 1 January. The Government has decided that the Type G plug and socket outlet , widely


‘Krypton Wide Dolly Pioneer Range’ unveiled by Central Industries

Views - 38 Tuesday, 1 January 2019 00:00

Central Industries PLC unveiled its newest switches and sockets product range under the brand of Krypton Pioneer Range. ‘Krypton Wide Dolly Pioneer Range’ switches and sockets manufactured with world-class technology enhance the elegance of ho


Raja Jewellers proudly celebrates its 90th anniversary

Views - 48 Tuesday, 1 January 2019 00:00

Raja Jewellers, the monarch of the gold world, proudly celebrated its 90th anniversary recently in a gala event while announcing many lucrative offers for the loyal customers who have been with it in this long journey. Back in 1928, the late E.A. Fe


Siddhalepa receives SLS ISO 14064 standard for reducing carbon footprint

Views - 30 Monday, 31 December 2018 01:37

Siddhalepa’s strong commitment towards climate change, recently notched up another bar with the ISO14064 certification for quantification andreporting of Green House Gas(GHG) emissions and removals. Siddhalepa has been measuring their organisationa


ETA MELCO starts operations as A G MELCO Elevator Company Lanka

Views - 56 Monday, 31 December 2018 01:37

With a growing global presence and recognising dynamic business environment, the management of ETA MELCO announced the change in the company name to A G MELCO Elevator Company Lanka. The new identity reflects integrity, stability and continuity, kee


Japan factory output falls, sales slow as risks to economy rise

Views - 22 Monday, 31 December 2018 00:00

TOKYO (Reuters): Japan’s industrial output contracted in November and partially reversed the previous month’s gain, while retail sales slowed sharply as increasing global risks drag on demand and threaten the country’s export-reliant economy. T


Sri Lanka’s first experience with Singles’ Day successful

Views - 49 Saturday, 29 December 2018 00:10

Sri Lanka recently experienced the world’s biggest online sale, 11.11., or Singles’ Day. The event was introduced for the first time to the country by Daraz, the fast growing online retail platform. With over 2 years in Sri Lanka, and with the ac


Samsung’s Twin Cooling Plus refrigerator shows how cool it is to customers

Views - 23 Saturday, 29 December 2018 00:00

Samsung Electronics, the world’s leading electronics brand, created a buzz at the recently concluded Singer Lifestyle Fair, which was organised by Singer Sri Lanka PLC for the eighth consecutive time at the BMICH from 23 to 25 November. This annual


Emirates Skywards partners The Dubai Mall to give 5 reasons to shop during Dubai Shopping Festival

Views - 10 Saturday, 29 December 2018 00:00

Looking to indulge in a bit of retail therapy at The Dubai Mall during the Dubai Shopping Festival (DSF)? The world’s biggest shopping festival started on 26 December 2018 and lasts for six weeks until 2 Februar


Chinese Dragon Café celebrating 76th anniversary sees employees receiving gifts and accolades

Views - 35 Saturday, 29 December 2018 00:00

Chinese Dragon Café Ltd., the pioneering restaurant in Sri Lanka’s Chinese restaurant sphere held its 76th anniversary celebrations at the Rajagiriya, Angampitiya playground with the participation of its company’s directors. It was significant t


PricewaterhouseCoopers Sri Lanka promotes Myanmar opportunities for Lankan firms

Views - 776 Friday, 28 December 2018 00:00

pricewaterhouse-COOPERS Sri Lanka recently held a forum to promote investment opportunities in Myanmar. A host of PwC regional experts and others shared key insights to investing in Myanmar, the tax environment, latest legal developments and the outl


Sri Lanka-Malaysia Business Council welcomes new Malaysian High Commissioner Tan Yang Thai

Views - 47 Friday, 28 December 2018 00:00

The Sri Lanka-Malaysia Business Council (SLMBC) of the Ceylon Chamber of Commerce organised an evening of dinner and networking on 6 December to welcome the new High Commissioner of Malaysia Tan Yang Thai to Sri Lanka. The function took place at Taj


Dharmaratne Jewellers Matara wins Presidential Award

Views - 24 Friday, 28 December 2018 00:00

Dharmaratne Jewellers recently won a Bronze Award at the Presidential Awards Ceremony organised by the National Gem and Jewellery Authority of Sri Lanka. This award was presented to the company as recognition for the excellence in production of hallm


Enhancing capabilities of footwear industry to maximise benefits under int’l trading arrangements

Views - 81 Thursday, 27 December 2018 01:39

The footwear and leather sector has been identified as a potential sector by way of creating employment opportunities and earning and saving foreign exchange earnings. Since the local market is limited, exports are essential for the sustainability of


Dr. Parakrama Dissanayake deserves post of Secretary to Ministry of Ports and Shipping

Views - 161 Thursday, 27 December 2018 01:37

I was very happy to learn from your esteemed paper of 24 December that Dr. Parakrama Dissanayake has been appointed the Secretary of the Ministry of Ports and Shipping and Southern Development. Dr. Dissanayake’s performance as Chairman has been exc


BOI’s Seethawaka Export Processing Zone contributes $ 294 m in export earnings in 2018

Views - 54 Thursday, 27 December 2018 01:35

The BOI’s Seethawaka Export Processing Zone, contributed $294 million (Rs.52,842 m) in export revenue as at end of October 2018. It was Rs. 65,791 million in the year of 2017. Seethawaka Export Processing Zone is the only zone located in the Colomb


Torento Engineering wins the Best Innovative Enterprise Award in Western Province

Views - 36 Tuesday, 25 December 2018 00:00

Torento Engineering won the Entrepreneur Award for the Best Innovative Enterprise, the Silver Award for the Best Entrepreneur and the Entrepreneur Award for the Best Entrepreneur in the Medium Category, Industry Sector, at the Western Province Entrep


EdHat International’s Research Conference powered by IDM Nations Campus Lanka

Views - 29 Tuesday, 25 December 2018 00:00

EdHat International successfully conducted the International Research Conference in Sri Lanka at Sri Lanka Foundation, Colombo and it was powered by IDM Nations Campus Lanka Ltd. The courses conducted at IDM Nations Campus Lanka Ltd. have been accred


Hiru Fashion wins Southern Province Best Entrepreneur Award

Views - 46 Monday, 24 December 2018 00:57

Hiru Fashion was presented with the award for Best Entrepreneur in the Southern Province under the large scale, services category at the Southern Province Business Excellence Award ceremony. The ceremony was held under the auspices of the National En


New BOI projects signed in tourism and pharmaceutical sectors

Views - 115 Monday, 24 December 2018 00:56

The Board of Investment signed agreements for projects in the field of hotels and the manufacture of pharmaceuticals. The agreements were signed on behalf of the BOI by Chairman Hemasiri Fernando. Also present was BOI Director General Champika Malalg


Optima Designs produces 16 award winning annual reports

Views - 47 Monday, 24 December 2018 00:55

Leading design house Optima Designs took credit for the design and production of 16 winning annual reports at the recently concluded 54th Annual Report Awards of the Sri Lanka Institute of Chartered Accountants (CA). Many of the prize-worthy companie


CBL Exports wins Gold Award

Views - 24 Monday, 24 December 2018 00:54

CBL Exports Ltd., a wholly owned subsidiary of CBL won the gold award in the manufacturing sector medium scale category at the ‘Social Dialogue and Workplace Cooperation Excellence awards 2018. This much coveted island wide competition on social di


Today's Columnists

Automation and machine learning: Helping organisations extract deeper value from data

Tuesday, 22 January 2019

The world is in the midst of a data explosion. Humans are generating an estimated 2.5 quintillion bytes of data every single day1, according to Forbes, and more data was created in the past two years than in all of human history. No wonder data now r


SL tourism: From TOM to experience the brand in 2019

Tuesday, 22 January 2019

Last week I had just crossed the border that separates Laos from Thailand and was on route via land to Thailand. My mind was on Laos – a country branded globally as ‘Simply Beautiful’ (backed by the ADB in 2018) to attract visitors into the cou


Questionable (or absurd) official report on poverty indicators

Tuesday, 22 January 2019

The latest Report issued by the Ministry of National Policies and Economic Affairs on ‘Poverty Indicators’ is both questionable and outrageous.1This Ministry is under the responsibility of the Prime Minister, Ranil Wickremesinghe. Most of the sta


Teaching the younger generation to observe professional ethics is the need of the hour

Tuesday, 22 January 2019

When Sri Lanka got independence in 1948, it was one of the most promising nations both in Asia and in the Commonwealth countries. It had luckily emerged unscathed after the Second World War unlike our neighbours. Sri Lanka furthermore did not have to


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