Business

SC fixes Mendis FR petition for 11 Oct

Views - 3 Saturday, 21 July 2018 00:02

The Supreme Court on Thursday fixed for support on 11 October the granting of leave in respect of the fundamental rights petition filed by W.M. Mendis & Company Ltd. contesting the freezing of its bank accounts by the Central Bank.


Rs. 108 m UL contracts awarded sans due process: Official

Views - 7 Saturday, 21 July 2018 00:00

SriLankan Airlines awarded advertisement contracts worth over Rs. 108 million to Kuma Stickers Ltd. without following proper company guidelines, the Presidential Commission of Inquiry (PCoI) heard on Thursday.


Leema Creations modernises and upgrades business for enhanced quality and productivity

Views - 2 Saturday, 21 July 2018 00:00

Leema Creations is a Sri Lankan based award winning, multi-disciplinary design and furniture manufacturing firm constituted in year 2000 by Incorporated Civil Engineer Channa Wijesekara. The Company currently is considered a market leader in the indu


Scan Jumbo Bonanza is back again

Views - 3 Saturday, 21 July 2018 00:00

The undisputed leader of its own category and one of Sri Lanka’s most well-known brands, Scan Jumbo Peanuts has announced the relaunch of the exciting ‘Scan Jumbo Bonanza’ consumer promotion. 100 lucky winners will receive brand new folding bic


Sangsu Lanka promotes Fat Burner Tea

Views - 5 Saturday, 21 July 2018 00:00

Sangsu Lanka trading Ltd. (www.sangsulanka.com) has introduced a Fat Burner Tea into the Sri Lankan market. The product, which is 100% natural, burns the excess fat deposited on the stomach as well as in other parts of the body.


Profood, Propack and Ag-biz 2018

Views - 3 Saturday, 21 July 2018 00:00

Pro Food/Pro Pack and Agbiz Exhibition, Sri Lanka’s largest food, packaging and agriculture expo will be held from 3-5 August for the 17th consecutive year at the BMICH. The exhibition is organised by the Sri Lanka Food Processors Association toget


World Bank and Dept. of Commerce elevate intl. trade to global info platform

Views - 80 Friday, 20 July 2018 00:00

Sri Lanka will unveil one of the biggest initiatives in its international trade history when the Department of Commerce launches


Match manufacturers in crisis; blames inaction by Govt.

Views - 27 Friday, 20 July 2018 00:00

Match manufacturers are facing a crisis due to the non-availability of key raw materials potassium chlorate and red phosphorous, which are imported by the Government and supplied to the manufacturers.


JSF opens SL’s first solar power plant to take lead in global renewable energy transformation

Views - 79 Friday, 20 July 2018 00:00

Sri Lanka will turn a new chapter in its renewable energy sphere tomorrow with the opening of the production facility of


National Business & Environmental Forum to focus on threats, responses, opportunity in changing clim

Views - 37 Friday, 20 July 2018 00:00

As Sri Lanka experiences increasingly damaging climate events and the prospect of vastly greater social and economic


Caltex enhances Havoline Super 4T motorcycles oil

Views - 24 Friday, 20 July 2018 00:00

Caltex Havoline, marketed locally by Chevron Lubricants Lanka PLC, has launched an enhanced range of motorcycle


ITC to host third public-private consultations on operational model for National Single Window

Views - 52 Thursday, 19 July 2018 00:00

The Geneva-based International Trade Centre (ITC), in close collaboration with the Sri Lanka National Trade Facilitation Committee (NTFC), is organising the third of four public-private consultations on the establishment of a National Single Window (


Deadline extended for Most Admired Companies of Sri Lanka 2018 Awards

Views - 33 Thursday, 19 July 2018 00:00

The organisers of the awards for the Most Admired Companies of Sri Lanka 2018 Awards, The International Chamber of Commerce Sri Lanka (ICCSL) and The Chartered Institute of Management Accountants (CIMA), have extended the deadline for submission of a


Sri Lanka receives additional $16 m loan from SFD for Kalu Ganga Development Project

Views - 45 Thursday, 19 July 2018 00:00

Sri Lanka has received an additional $ 16 million loan from Saudi Fund for Development (SFD) to finance the remaining work of the Kalu Ganga Development Project. The loan agreement was signed yesterday at the Ministry of Finance and Mass Media by Fin


Ceylon Chamber expands wing to Thailand strengthening trade, investment and tourism opportunities

Views - 52 Wednesday, 18 July 2018 00:00

The Ceylon Chamber of Commerce with a view to build a dependable, pragmatic, and advantageous relationship and


India agrees to Government Valuer’s estimate of Mattala

Views - 195 Wednesday, 18 July 2018 00:00

The Aviation Authority of India has agreed to the Sri Lankan Chief Valuer’s estimate for Mattala Rajapaksa Airport during


3M Global Channel Services appoints McLarens Group as Master Distributor

Views - 49 Tuesday, 17 July 2018 00:10

McLarens Group has entered into a collaboration with 3M Global Channel Services (GCS) as the Master Distributor of 3M’s complete line of products relating to their Industrial Business Group (IBG), Safety & Graphics Business Group (SGBG), Electronic


FCCISL officials visit Sabaragamuwa Chamber

Views - 15 Tuesday, 17 July 2018 00:05

FCCISL and SAARC CCI President Ruwan Edirisinghe hands over a plaque to Sabaragamuwa Chamber of Commerce and Industry President Dammika Kumarage while (standing from left): FCCISL Director Armil Samoon (partly covered), FCCISL SVP Shierly Jayawardena


Minister Malik Samarawickrama briefs Thai business delegation on Sri Lanka’s investment potential

Views - 68 Tuesday, 17 July 2018 00:00

A Thai delegation consisting of 35 leading entrepreneurs from the Thai Chamber of Commerce in Bangkok visited Sri Lanka as part of the business delegation accompanying the Prime Minister of Thailand on a State visit to Sri Lanka. The delegation which


Indian CEO Forum holds 6th AGM

Views - 35 Tuesday, 17 July 2018 00:00

The Indian CEO Forum (ICF) held its sixth Annual General Meeting on Thursday 22 June at the Taj Samudra Hotel. The Indian CEO Forum, formed in July 2013, is a registered body with membership constituted by Indian investments in Sri Lanka, Indian hea


Major public and private stakeholders undergo trade remedy law training

Views - 14 Tuesday, 17 July 2018 00:00

Legislation on Anti-Dumping and Countervailing Duties and on Safeguard Measures were passed by the Sri Lankan Government in March 2018. Anti-dumping duties, countervailing duties and safeguard measures are mechanisms used to protect domestic industr


Sotheby’s International Realty signs up director for Sapphire Residences at ITC One project

Views - 47 Monday, 16 July 2018 00:13

Sri Lanka Sotheby’s International Realty the global marketing agents for the ultra-prestige residential development Sapphire Residences at Colombo 1 – has appointed Charles Phillpot as Sales and Marketing Director.


Six ASEAN Free Trade Agreements: A brief overview of performance

Views - 48 Monday, 16 July 2018 00:00

Over the past decade, trade and investment between ASEAN member states and China have expanded significantly under the ambit of the ASEAN China Free Trade Area (ACFTA). Under the agreement, the six original ASEAN members and China decided to eliminat


Private sector urged to drive export development

Views - 141 Monday, 16 July 2018 00:00

In a profound evaluation of the export industry of Sri Lanka, the Ceylon Chamber of Commerce (CCC) Chairman Rajendra Theagarajah called on the private sector to drive the export development, insisting to keep Government only to formulate favourable p


Sri Lanka, Thailand aim to boost bilateral trade to $ 1.5 b by 2020 through FTA

Views - 74 Monday, 16 July 2018 00:00

The President of Sri Lanka and Prime Minister of Thailand General Prayut Chan-o-cha have reaffirmed their commitment to increase the bilateral trade volume to $ 1.5 billion by the year 2020, together with achieving an equitable trade balance.


BDO proud to be a part of PropertyGuru Asia Property Awards Sri Lanka 2018

Views - 364 Monday, 16 July 2018 00:00

Sri Lanka’s most outstanding developers in the real estate industry were recognised on 12 July at the prestigious award ceremony held at Shangri-la, Colombo organised by PropertyGuru.


Sri Lanka women shine at EY Entrepreneurial Winning Women Conference

Views - 345 Monday, 16 July 2018 00:00

Sandra Wanduragala, Founder Chairman of Selyn Sri Lanka and Lakmini Wijesundera Co-founder and CEO of Iron One Technologies Ltd. and BoardPAC represented Sri Lanka at the EY Entrepreneurial Winning Women (EY WW) Asia-Pacific and Japan Conference 2018


Pidilite opens new, state-of-the-art adhesive manufacturing plant in Polgahawela

Views - 41 Saturday, 14 July 2018 00:10

A state-of-the-art manufacturing plant of Pidilite Lanka Ltd. was formally commissioned at Polgahawela in Sri Lanka’s North Western Province on Tuesday, 10 July. This opening was attende


Hutch rewards ‘Hatharawaram’ tune campaign winners

Views - 11 Saturday, 14 July 2018 00:10

Sri Lanka’s rapidly growing mobile broadband operator Hutch recently awarded eight lucky winners of the Hutch ‘Hatharawaram’ tune services campaign high-end iPhone 8 and Samsung Galaxy S8+ smartphones at a sp


NIOE conducts professional training seminar on communication and business etiquettes

Views - 17 Saturday, 14 July 2018 00:10

The National Chamber of Exporters of Sri Lanka (NCE) will conduct through its professional training arm, the National Institute of Exports (NIOE) the above training seminar on 18 July at the Hotel Galadari from


Today's Columnists

Bright star Imran Khan could well go the way of his predecessors

Saturday, 21 July 2018

Imran Khan, the Pakistani cricket star, anti-corruption crusader and politician, appears to be within reach of his cherished goal of winning the 25 July Pakistan National Assembly (NA) elections and becoming Prime Minister.


Top Cola brand crashing globally; lesson for Sri Lanka

Friday, 20 July 2018

We have heard the age old adage, if a brand is not in line to the trends of a customer, they will cease to exist over time.


Religion and politics: a tale of two hypocrisies

Friday, 20 July 2018

It was the best of times, it was the worst of times; it was the age of wisdom, it was the age of foolishness; it was the epoch of belief,


Sri Lanka’s Trade Information Portal – Bringing local traders one step closer to the global market

Friday, 20 July 2018

Sri Lanka’s traditional lacework famously known as Beeralu is slowly moving into the spotlight of the global fashion industry


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