Business,Front Page

Sri Lanka looks for more partnerships with UAE

Views - 207 Tuesday, 23 July 2019 01:13

A delegation led by Deputy Minister of Development Strategies and International Trade Nalin Bandara comprising officials from both the public and private sector visited United Arab Emirates and met several important trade partners in the region. The


Tapping the palmyrah to boost the economy

Views - 48 Tuesday, 23 July 2019 01:12

The Hindu: Whether in popular culture or in niche art, the palmyrah tree has, for long, been an icon for all things north in Sri Lanka. It is often invoked as a symbol of the ‘Tamil homeland’, a witness to the community’s incessant struggle for


Yunnan Academy of Social Sciences to visit Sri Lanka

Views - 24 Tuesday, 23 July 2019 01:10

Yunnan Academy of Social Sciences (Kunming), China together with its affiliate institute, Academy of South and Southeast Asia Studies, is scheduled to meet with Pathfinder Foundation on Tuesday 23 July.   The delegation from Yunnan Academy of S


Dialog and COYLE empower Sri Lankan entrepreneurs with digital connectivity

Views - 127 Tuesday, 23 July 2019 01:00

The Chamber of Young Lankan Entrepreneurs (COYLE) re-affirmed its partnership with Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, as their valued communication provider. COYLE has had a 10-year strong relationship with Dialog, who ha


ACCA Sustainability Awards showcase Corporate excellence in Reporting for the financial year 2018

Views - 53 Monday, 22 July 2019 01:50

The ACCA Sustainability Reporting Awards has felicitated Sri Lanka’s best sustainability reports for over 15 years. This year, Aitken Spence PLC proudly accepted the overall award as Sri Lanka’s most socially responsible company in reporting, at


Embassy of Sri Lanka undertakes trade promotional visit to State of Goiás, Brazil

Views - 31 Monday, 22 July 2019 01:46

The Ambassador of Sri Lanka to the Federative Republic of Brazil, Musthafa M. Jaffeer undertook a visit to the city of Goiania, State capital of Goiás on 27 June as a part of the Economic Diplomacy programme of the Ministry of Foreign Affairs and t


Bogawantalawa Tea Estate listed debenture issue oversubscribed

Views - 32 Monday, 22 July 2019 01:45

Bogawantalawa Tea Estate PLC’s Rs. 850 million listed debenture issue had been oversubscribed on its official opening day last week. The company issued 10 million senior, listed, rated, convertible, unsecured, redeemable Rs. 100 debentures priced


Daraz brings high street mall concept online

Views - 56 Saturday, 20 July 2019 00:10

Daraz.lk, a fully owned Alibaba Group company operating across South Asia has introduced the DarazMall, the latest addition to the virtually growing e-commerce platform. DarazMall provides an exclusive platform for all authorised dealers and reselle


SLIM renews partnership with Sadaharitha Plantations

Views - 22 Saturday, 20 July 2019 00:10

The national body of marketing in Sri Lanka, SLIM, renewed its partnership with Sadaharitha Plantations Ltd. to prepare a second batch of students to gain professional marketing qualifications. The renewal of the Memorandum of Understanding (MoU) fur


Abans Service endorses national unity and peace with special staff get-together

Views - 19 Saturday, 20 July 2019 00:10

Abans Service, the after-sales service provider of Abans Group, recently conducted a meaningful staff get-together. This occasion underscored the importance of upholding peace and harmony within the Sri Lankan community. Aptly titled ‘United We Sta


PM opens Shilpa Sena Exhibition

Views - 96 Saturday, 20 July 2019 00:05

The first of the series of exhibitions that are to be held under the ‘Shilpa Sena’ program got underway on Thursday with Prime Minister Ranil Wickremesinghe on Thursday. The Prime Minister looks at a satellite model which was on display at the ex


ICC thanks ‘21/4WeCare’ Tribute Concert partners

Views - 101 Friday, 19 July 2019 00:00

The urgent need to unite as a country after the Easter Sunday terror attacks was clearly demonstrated by 21 musicians, public and private sector and civil society at the ‘21/4WeCare’ Tribute Concert held on Saturday at the BMICH. The ‘sold-out


UNOPS and KOICA to boost Sri Lankan agriculture export competitiveness

Views - 166 Friday, 19 July 2019 00:00

The United Nations Office for Project Services in Sri Lanka (UNOPS) and the Government of Republic of Korea, through Korea International Cooperation Agency (KOICA) Sri Lanka Office, announced the development of plant quarantine services for Colombo I


FACETS to help gem and jewellery industry overcome challenges

Views - 33 Friday, 19 July 2019 00:00

Over the course of its long history, the Sri Lankan gem and jewellery industry has faced a number of obstacles. Following the Easter Sunday Attacks, the sector is facing one of its biggest challenges to date. We met with the Sri Lanka Gem & Jewellery


BOI deal signed for Fantasy Island at Waters Edge

Views - 115 Friday, 19 July 2019 00:00

Fantasy Island Ltd. has announced that the BOI agreement has been executed on 17 July and is confident to open the park to the public within one year. Melchers Group in South-East Asia Managing Director and founding investor Alexander Melchers says:


Foresight and innovation for #NextGenGov champions

Views - 362 Thursday, 18 July 2019 01:45

Similar to other countries in the region, Sri Lanka has experienced rising urbanisation, technological innovation, deepening inequality, vulnerability to disasters and dramatic environmental risks. A new generation of government leaders is imperative


Shilpasena Exposition kicks off today to bring public closer to innovation

Views - 72 Thursday, 18 July 2019 01:42

By Nuwan Senarathna Aiming to bring the public closer to science, technology and innovation, the Shilpasena Exposition organised by the Science, Technology and Research Ministry will be opened by Prime Minister Ranil Wickremesinghe at the BMICH today


IEEE Techno Meetup 2019 a success

Views - 110 Thursday, 18 July 2019 01:38

The much-awaited IEEE Techno Meetup, the series of meetups organised for tech-enthusiasts, industry professionals and undergraduates, is back for the third time. The first IEEE Techno Meetup of the year, under the theme Industry 4.0., was held succes


Sri Lanka all set for Expo 2020 Dubai

Views - 1643 Thursday, 18 July 2019 01:34

Sri Lanka is now officially an approved participant at the World Expo 2020 Dubai as the Government of Sri Lanka signed the official participation contract with the ‘Dubai Expo 2020 Bureau’ on 8 July. The high level delegation to the UAE for the


‘CEB Care’ app enables digital experience, empowerment of users

Views - 60 Wednesday, 17 July 2019 00:00

Committed to engaging and empowering consumers, the Ceylon Electricity Board’s (CEB) new ‘CEB Care’ mobile app has received extremely positive feedback. The novel initiative aimed to ensure consumers have ready access to electricity billing an


Navin meets US Ambassador in Sri Lanka

Views - 54 Wednesday, 17 July 2019 00:00

Plantation Industries Minister Navin Dissanayake recently met with US Ambassador Alaina B. Teplitz at the Ministry premises in Sethsiripaya, Battaramulla to discuss on the possibilities of further expanding Ceylon Tea market in the US. During the len


9 SL garment manufacturers to participate at Texworld/Apparel Sourcing, Home Textile Sourcing in US

Views - 66 Wednesday, 17 July 2019 00:00

A total of nine Sri Lankan garment manufacturers will participate at the summer 2019 edition of Texworld/Apparel Sourcing and Home Textiles Sourcing next week in the US. Ashok Garments, Jumeirah Lanka, JK Garments, Kash Garments, Nor Lanka Manufactur


Phase III of UNIDO backed Sri Lanka bamboo initiative opens today

Views - 37 Wednesday, 17 July 2019 00:00

After the successful and pioneering training for Sri Lanka’s bamboo craftsmen in early 2019 and later in June, the third phase of the program will take off in Colombo today, 17 July. Internationally-recognised Italian product designer Giulio Vinacc


Top entrepreneur Sebastian Karunarakan to lead Rotary in Sri Lanka

Views - 184 Wednesday, 17 July 2019 00:00

Leading business personality Sebastian Karunakaran has been appointed the new Rotary District Governor for Sri Lanka and Maldives for the year 2019/2020. Rotary, which is the only service organisation with a seat in the UN General Assembly, has 34,28


CIC, Sunshine drop healthcare biz merger move

Views - 95 Wednesday, 17 July 2019 00:00

CIC Holdings Plc and Sunshine Holdings Plc have decided to abandon previously-announced plans to merge their healthcare businesses. CIC said it would continue to operate its healthcare business in the present manner, introducing measures as may be d


New CEO at Dankotuwa Porcelain

Views - 101 Wednesday, 17 July 2019 00:00

Channa Gunawardana has been appointed as the new CEO of the Dankotuwa Porcelain Plc. Previously Dr. K.S. Narangoda functioned as the Acting CEO, a position which Ambeon Holdings Plc has rescinded. Gunawardana has joined Dankotuwa Porcelain PLC from A


Spa Ceylon wins 4 World Spa Awards in Russia

Views - 57 Wednesday, 17 July 2019 00:00

Spa Ceylon, the world’s largest Ayurveda wellness chain, was a major winner at the World Luxury Spa Awards 2019 in St. Petersburg, Russia, bagging four international awards. Recognised for excellence in its field of speciality, the brand was once


Capacity-building on WTO trade remedy measures conducted in New Delhi for Sri Lankan officers

Views - 70 Monday, 15 July 2019 01:37

The International Trade Centre (ITC) supported the participation of Sri Lankan Government officials in a capacity-building program on trade remedy measures at the Centre for World Trade Organisation (WTO) Studies (CWS) of the Indian Institute of Fore


Foreign investors’ lobby group asks India to reconsider high taxes

Views - 40 Monday, 15 July 2019 00:00

MUMBAI/NEW DELHI (Reuters): Foreign investors are urging India to reconsider its decision to increase taxes on certain groups of wealthy portfolio investors, arguing the move will hit the competitiveness of Indian capital markets. In the annual budge


IEA sees oil market oversupplied in 2019 on US production

Views - 32 Monday, 15 July 2019 00:00

LONDON (Reuters): Surging US oil output will outpace sluggish global demand and lead to a large stocks build around the world in the next nine months, the International Energy Agency (IEA) said on Friday. The forecasts appear to predict the need for


Today's Columnists

Why are Sri Lankan passports so bad?

Wednesday, 24 July 2019

My children have two different passports, making them a sort of case study in the stupidity and ultimate cruelty of passports. My daughter has a white passport, so no visas required. My son has a brown passport and he has to prove that he’s not try


Concept of Free Zones and their economic importance

Wednesday, 24 July 2019

With the growth of cross broader international trade, economic liberalisation and relocation of manufacturing facilities to economical location in search of competitive advantages, the concept of Free Zones was born. Free Zones include varieties of F


Howard at the PIM

Wednesday, 24 July 2019

A number of very important people called to thank me for inviting them to the very popular presentation by Dr. Howard Nicholas. It was held on 18 July at the Postgraduate Institute of Management (PIM) auditorium. The title of the presentation was ‘


“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag


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