Business

Knitline Apparels signs BOI agreement

Views - 37 Saturday, 25 January 2020 00:05

The Board of Investment of Sri Lanka has signed an agreement with Knitline Apparels Ltd. to set up a manufacturing plant. Knitline Apparels will be setting up a high tech garment factory specialised in the manufacturing of flat knit fashion apparel.


SANASA Entrepreneur Financial Expertise Centre showcases at JITF-2020

Views - 12 Saturday, 25 January 2020 00:02

SANASA Entrepreneur Financial Expertise Centre (SEFEC), the latest innovation of SANASA group, is set to mark its presence at the Jaffna International Trade Fair (JITF) 2020 with an informative stall. The trade fair will be open till tomorrow at the


Industry leader JAT sponsors International Wood Expo 2019

Views - 16 Saturday, 25 January 2020 00:02

JAT, the trusted industry leader for wood coating, recently sponsored the International Wood Expo 2019 at the BMICH, Colombo. Supported by JAT Holdings, Confederation of Indian Industry (CII) and the Ministry of Commerce and Industry, the exhibition


Jaffna International Trade Fair 2020 opens

Views - 15 Saturday, 25 January 2020 00:02

The Jaffna International Trade Fair 2020, the biggest and only one of its kind event in the Northern Province kicked off yesterday. Jaffna International Trade Fair 2020 is organised for the 11th consecutive time by Lanka Exhibition and Conference


Work starts on new UNIDO Sri Lanka Country Program today

Views - 112 Friday, 24 January 2020 00:00

Pioneering work on UNIDO’s new Country Program for Sri Lanka 2020-’24 commences today, 24 January, in Colombo. “UNIDO interventions have a long history of industrial value chain development and improved quality infrastructure of Sri Lankan pro


Ethical Extracts achieves CarbonNeutral Manufacturer status

Views - 109 Friday, 24 January 2020 00:00

Ethical Extracts (EE) recently received its CarbonNeutral Manufacturer certification from Natural Capital Partners in the UK via their local representatives, The Sustainable Future Group (SFG). Ethical Extracts is one of the world’s first tea extra


Jaffna International Trade Fair 2020 kicks off today

Views - 47 Friday, 24 January 2020 00:00

The Jaffna International Trade Fair 2020 (11th edition), the biggest and only one of its kind events in the Northern Province is kick off today, 24 January, and will go on till 26 January at Muttraweli Grounds in Jaffna. Jaffna International Trade F


Indira Malwatte joins Cargills Board

Views - 144 Thursday, 23 January 2020 02:26

Top export promotional professional Indira Malwatte has joined the Cargills (Ceylon) Plc Board as an Independent Non-Executive Director. Malwatte holds a Combined Degree in Economics and Geography from the University of Peradeniya Sri Lanka and was t


ICCSL calls on Central Bank Governor

Views - 175 Thursday, 23 January 2020 02:24

The members of the Executive and Banking Committee of the International Chamber of Commerce Sri Lanka called on Central Bank Governor Prof. W.D. Lakshman at the Central Bank Governor’s Office to discuss opportunities for the Chamber to collaborate


Cabinet nod to purchase paddy at Rs. 50 through PMB

Views - 30 Thursday, 23 January 2020 02:23

Cabinet yesterday gave the go-ahead to purchase paddy at Rs. 50 per kilo during the upcoming Maha season. The proposal for the paddy to be purchased by the Paddy Marketing Board (PMD) at this price was made by Minister of Mahaweli, Agriculture, Irrig


Norwegian Ambassador to open Sri Lanka’s first floating solar plant in Kilinochchi

Views - 1455 Thursday, 23 January 2020 02:23

Norwegian Ambassador Trine Jøranli Eskeda will open Sri Lanka’s first floating solar plant in Kilinochchi tomorrow.   The floating solar plant is a result of the research collaboration since 2017 between the University of Jaffna and the Western N


Recruitment of 100,000 unemployed poor begins

Views - 51 Thursday, 23 January 2020 02:22

The program to recruit 100,000 unskilled and low-educated individuals from low-income families has commenced, with the purpose of providing permanent employment to this segment of the society, to maintain a high level of social welfare in a people-ce


oDoc named one of India’s top 50 disruptive startups

Views - 87 Thursday, 23 January 2020 02:21

oDoc has been recognised as one of India’s top 50 disruptive startups for 2019 by YourStory. YourStory is India’s largest media-tech company for startups, entrepreneurs, investors, innovators and changemakers. Having only started their Indian o


Dipped Products showcase at Intersec Dubai

Views - 23 Thursday, 23 January 2020 02:19

Dipped Products PLC (DPL) has participated at the 22nd edition of Intersec Dubai held from 19 to 21 January, 2020. After a bustling three days of activities, idea sharing, innovative product displays, networking and gaining insight from industry expe


DSI partners Jaffna International Trade Fair as official footwear partner

Views - 17 Thursday, 23 January 2020 02:18

The 11th Jaffna International Trade Fair is set to commence on 24 January at the Muttraweli Grounds. DSI, Sri Lanka’s leading footwear brand will be partnering the fair as official footwear partner once again, having extended its support in a simil


Seminar on new trends in packaging

Views - 19 Thursday, 23 January 2020 02:17

A product’s packaging communicates many things, from what the product can do for your customers to your company’s values. It can be argued that the packaging of a product is as important as the product itself, because it can act as a crucial mark


SL’s participation for 1st time at ‘Indusfood – Tech 2020’ witnesses positive responses for SMEs

Views - 148 Wednesday, 22 January 2020 02:36

The Ceylon Chamber of Commerce in association with the Trade Promotion Council of India (TPCI) and the Sri Lanka High Commission in India organised Sri Lanka’s participation for the first time, at the ‘Indusfood – Tech 2020’ Trade Fair, held


UltraTech Cement cuts prices

Views - 54 Wednesday, 22 January 2020 02:35

UltraTech Cement, the widely preferred and trusted brand by industry experts and key developers, will now be available to retail consumers at an improved price. In addition to passing on the benefits of the reduction in VAT and removal of NBT on 1 


​Shyamalie Wijegunawardena of Spring & Summer ‘No. 1 Female Entrepreneur in Large Business Category’

Views - 37 Wednesday, 22 January 2020 02:35

Spring & Summer Fashion Collection Ltd. Co-Founder Shyamalie Wijegunawardena was recognised as Number 1 Female Entrepreneur in the Large Business Category at the International Conference of Women’s Entrepreneurship (ICSE) on 4 December 2019 at Mari


December inflation rises to 6.2%

Views - 58 Wednesday, 22 January 2020 02:34

Headline inflation as measured by the year- on-year (YoY) change in the National Consumer Price Index increased to 6.2% in December 2019 from 4.1% in November 2019.  This was driven by monthly increase of prices of items in the Food category along w


Local milk powder manufacturer wins in court

Views - 145 Wednesday, 22 January 2020 02:34

The Commercial High Colombo recently determined a case in relation to the much discussed topic of milk powder filed by Fonterra Brands Lanka Ltd., Maliban Milk Products Ltd., P.M. Mohamedali & Company as joint Plaintiffs under the Intellectual Proper


CMA SL Conference on ‘Financial and Cost and Management Accounting for Development of SMEs’ on 24 Jan

Views - 74 Wednesday, 22 January 2020 02:21

The Institute of Certified Management of Accountants of Sri Lanka (CMA-Sri Lanka) will host the Conference on ‘Financial and Cost and Management Accounting for Development of SMEs’ on Friday 24 January at the Taj Samudra from 8.30am to 5.00pm. A


Discussion on Belt and Road Initiative, challenges and way forward

Views - 54 Wednesday, 22 January 2020 02:18

The Ceylon Chamber of Commerce together with the Pathfinder Foundation will hold an informative discussion on the Belt and Road Initiative (BRI) on 27 January. The BRI program initiated by the Chinese Government aims to connect Asia with Africa and E


IFAC President Dr. In-Ki Joo in Sri Lanka

Views - 29 Wednesday, 22 January 2020 02:17

Signalling a fresh boost to the ties enjoyed between the global organisation for the accountancy profession and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the incumbent President of the International Federation of Accountants


‘fromSriLanka.com’: New era for Sri Lankan products in the global market

Views - 95 Tuesday, 21 January 2020 00:00

The National Chamber of Commerce of Sri Lanka is proud and happy to announce the launch of ‘fromSriLanka.com’ platform, aimed at supporting Sri Lankan companies to promote their products and services into the global market. Sri Lanka is best know


International exposure for Sri Lankan boat manufacturers at ‘Boot Show’ – Dusseldorf, Germany

Views - 251 Tuesday, 21 January 2020 00:00

The delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) together with the Export Development Board (EDB) organised the first-ever Sri Lankan pavilion at the world’s leading boat exhibition ‘Boot Show’ in Dusseldorf, Germany.


Common wastewater treatment plant expansion project for Seethawaka EPZ

Views - 64 Tuesday, 21 January 2020 00:00

Cabinet last week approved a proposal by the Minister of Industrial Export and Investment Promotion Prasanna Ranatunga to implement the ‘Augmentation of the Common Wastewater Treatment Plant’ project at the Seethawaka Export Processing Zone, to d


Sri Lanka COSMI Founder President appointed to London’s Peace Institute

Views - 25 Tuesday, 21 January 2020 00:00

The Founder President of Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) has been appointed as the Co-Chairperson of the London-based Global Peace Institute (GPI) which conducts interdisciplinary research in several thema


EDB Chairman meets country’s leading apparel exporters

Views - 325 Tuesday, 21 January 2020 00:00

Prabhash Subasinghe, the newly-appointed Chairman of the Sri Lanka Export Development Board (EDB), met with the nation’s leading apparel exporters last Friday (17) at the Board premises. At the outset, Subasinghe expressed his gratitude to the Sri


Norway to host panel discussion on clean energy investments in Sri Lanka

Views - 57 Tuesday, 21 January 2020 00:00

The Norwegian Embassy in Colombo in partnership with the University of Jaffna and the Western Norway University of Applied Sciences is hosting an expert panel discussion titled ‘A new Decade: Investing in Clean Energy in Sri Lanka – Drivers and B


Today's Columnists

Forensic Audits part of bond scam cover-up

Saturday, 25 January 2020

From the time the bond scam was carried out by the Ranil Wickremesinghe administration, that administration under the guidance of the former Prime Minister had been avoiding the law by regularly bringing up various distractions so that the true natur


Halting mega projects is untimely; Govt. can explore other options

Friday, 24 January 2020

In a Sunday newspaper on 5 January a news item titled ‘Mega projects on hold until August budget,’ ‘Drop in revenue after tax reductions prevents spending on major constructions,’ was not a development-friendly headline. It may be accurate o


Is any further expenditure on the Port City a waste of money?

Friday, 24 January 2020

Erase from the mind all that you have read and heard about it. Then take a blank piece of paper, draw an irregular circle, and draw a line to divide it into two. On the bottom half write 300 acres. That is our Port City! To get the size into a proper


Foundations of incivility

Friday, 24 January 2020

The lack of advanced political consciousness and democratic discipline can be considered as one of the main reasons for the crisis and the failure that Sri Lanka is facing. This can be considered a situation that has prevailed since independence. Sri


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