Business

Higher Education Ministry moves to restructure SLIIT

Views - 54 Wednesday, 26 September 2018 00:00

By Ruwandi Gamage The Ministry of Higher Education has submitted a Cabinet proposal to introduce a new Board of Governors for the Sri Lanka Institute of Information Technology (SLIIT), changing its current administrative structure. The current compo


Michael Kors makes high-end fashion statement with $2.2 b Versace buy

Views - 34 Wednesday, 26 September 2018 00:00

MILAN (Reuters): US fashion group Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros including debt on Tuesday in the latest foreign takeover of an Italian brand. Michael Kors, whose namesake label is best known for its leather


Nithya Group wins Export Award for Highest Foreign Exchange Earner 2017/18

Views - 25 Wednesday, 26 September 2018 00:00

Nithya Paper and Boards Lanka Ltd. won the Presidential Export Awards held on 18 September for being the Highest Foreign Exchange Earner for the year 2017/18. In fact the Company will go on to receive its ISO 9001: 2015 certification on 21 September


idea2fund’s Bakamuna pops-up at Colombo City Centre

Views - 71 Tuesday, 25 September 2018 00:00

Bakamuna has collaborated with Colombo City Centre to host their second pop-up from 19 September to 3 October. Bakamuna is a mixed media lifestyle design brand powered by MTI’s Idea2fund. The brand’s first pop-up concept at the Hilton Colombo i


SOMAP makes mandatory offer on Anilana Hotels

Views - 56 Tuesday, 25 September 2018 00:00

SOMAP International Ltd. has announced the mandatory offer of Rs. 1.30 per share to the minority shareholders of Anilana Hotels and Properties PLC. This was pursuant to the allotment by way of a private placement of 51% stake, amounting to 513.4 mill


ICC Sri Lanka launches Membership Privilege Card

Views - 110 Tuesday, 25 September 2018 00:00

The International Chamber of Commerce Sri Lanka for the first time introduced a Corporate Membership Card with privileges for the exclusive use of its members. ICCSL Membership Card was launched on 9 September at the “Most Admired Companies of Sri


High powered delegation to promote investment and exports in Germany

Views - 151 Tuesday, 25 September 2018 00:00

A high powered investment delegation led by Minister of Development Strategies and International Trade Malik Samarawickrama will make a strong pitchthis week for German investment to Sri Lanka. The delegation will visit Frankfurt, Hamburg and Berlin


Govt. decision to lease Trinco oil tanks to India a betrayal: Wimal

Views - 30 Saturday, 22 September 2018 00:21

The Government decision to lease out Trincomalee oil tanks to India strategically betrayed Sri Lanka, Parliamentary Leader of the National Freedom Front Wimal Weerawansa said in a statement.


SLT and HISSL jointly hold “Digital Health: From possibility to reality” program

Views - 17 Saturday, 22 September 2018 00:20

Sri Lanka Telecom (SLT), together with the Health Information Society of Sri Lanka (HISSL), successfully presented a knowledge sharing program themed, “Digital Health: From possibility to reality” at Jetwing Colombo Seven recently. This was a gre


OPPO launches ‘OPPO F9 Lucky Draw’ with Abans

Views - 20 Saturday, 22 September 2018 00:19

OPPO launched an exclusive gift bonanza – ‘OPPO F9 Lucky Draw’ with one of its best business partners Abans, for the recently launched flagship brand OPPO F9. Buyers of OPPO F9 who now purchas


COMBANK conducts financial literacy program for farmers in Tissamaharama

Views - 25 Saturday, 22 September 2018 00:19

A financial literacy program for paddy farmers in the Tissamaharama area was conducted recently by the Commercial Bank of Ceylon in collaboration with the Central Bank of Sri Lanka. A group of 120 pad


Mobitel supports NCE Awards as main sponsor

Views - 11 Saturday, 22 September 2018 00:10

Mobitel is the main sponsor of the prestigious 2018 National Chamber of Export Awards, organised by the National Chamber of Exporters (NCE). Mobitel, being one of Sri Lanka’s leading mobile service provide


Nations Trust Bank comes forward as principle sponsor for NCE Exporters Awards 2018

Views - 12 Saturday, 22 September 2018 00:10

Nations Trust Bank is among the principal sponsors of the NCE Exporters Awards 2018, which will be held in grand style at Shangri-La Colombo on 28 September. The move was announced at a press confere


Pelwatte Dairy commissions new milk powder plant

Views - 61 Friday, 21 September 2018 00:00

Sri Lanka’s 100% local dairy manufacturer, Pelwatte Dairy Industries Ltd. (PDIL) recently further expanded its operations by commissioning a brand new milk powder plant within its factory complex in Buttala. Plant #03 commenced operations in May 2


Cabinet green lights JV with India for LNG power plant

Views - 67 Friday, 21 September 2018 00:00

By Chathuri Dissanayake Cabinet this week granted approval to Ceylon Electricity Board (CEB) to sign a joint venture (JV) with NTPC of India to set up the much-awaited 500MW liquefied natural gas (LNG) plant in Kerawalapitiya. The approval was grant


PwC Sri Lanka to hold Doing Business in Myanmar Forum on 26 September

Views - 73 Friday, 21 September 2018 00:00

PricewaterhouseCoopers (PwC) Sri Lanka announced today that it was co-organising the Doing Business in Myanmar Forum 2018 - which will be held on 26 September - together with its network firms PwC Singapore and PwC Myanmar. The event will highlight


S&D Chemicals wins Presidential Export Award for 2017/2018

Views - 140 Friday, 21 September 2018 00:00

S&D Chemicals Ltd. received the Presidential Export Award (highest foreign exchange earner for Chemical and Paint Sector) at the 22nd Presidential Export Awards organised by Sri Lanka Export Development Board (EDB) which was held on 18 September unde


Hemas Holdings appoints Prof. Nilanthi Renuka de Silva to Board

Views - 70 Friday, 21 September 2018 00:00

Hemas Holdings Plc has appointed Prof. Nilanthi Renuka de Silva to the Board as an Independent Non-Executive Director with effect from 1 October 2018. With the latest appointment, the Board of Hemas Holdings will comprise Chairman Husein Esufally, CE


Matuwagala Tea Factory establishes all-time record price

Views - 22 Friday, 21 September 2018 00:00

Matuwagala Tea Factory situated in Ratnapura, managed by Saman Upasena, achieved an all-time record price at the weekly tea auction of 18 September, by securing an attractive price of Rs. 1,015 per kg for OPA grade in the Low Grown category. The tea


TYE Solutions announces strategic partnership with Indian Institute of Drones

Views - 170 Friday, 21 September 2018 00:00

Pioneering integrated technology solutions provider, TYE Solutions announced a new partnership with the Indian Institute of Drones (IID) that will enable both organisations to collaborate in establishing a professional standard for drone operators in


PIM trains officers of tri-forces

Views - 17 Friday, 21 September 2018 00:00

The Postgraduate Institute of Management (PIM), as the nation’s management mentor, extended its services recently to the tri-forces in conducting a tailored program on leadership and management. 30 senior officers representing the tri-forces; army,


Asian firms’ confidence sinks to near three-year low on trade war fears

Views - 36 Thursday, 20 September 2018 01:29

JAKARTA (Reuters): Confidence among Asian companies slumped to the weakest in almost three years in the third quarter as businesses feared blowback from a worsening global trade war, a Thomson Reuters/INSEAD survey showed. Representing the six-month


Malik calls for more exports – the way forward for Sri Lanka

Views - 64 Thursday, 20 September 2018 01:29

His Excellency President Maithripala Sirisena, Hon. Ministers, Your Excellencies and Members of Diplomatic Missions, Secretary, Ministry of Development Strategies and International Trade, Chairperson and Chief Executive, EDB, distinguished invitees,


Govt. to carry out 3-day investment promotion mission in Germany next week

Views - 68 Thursday, 20 September 2018 00:49

By Charumini de Silva Development Strategies and International Trade Minister Malik Samarawickrama said the Government was undertaking a three-day investment promotion mission to Germany next week with a view to attract top German companies to set up


Shangri-La agreement not between GoSL and China: Malik

Views - 74 Thursday, 20 September 2018 00:48

The controversial Shangri-La Hotel project in Colombo is not a result of an agreement signed between the governments of Sri Lanka and China, Development Strategies and International Trade Minister Malik Samarawickrama confirmed to Parliament yesterda


Producers adulterating Ceylon tea: State Minister for Plantations

Views - 26 Thursday, 20 September 2018 00:48

By Ashwin Hemmathagama – Our Lobby Correspondent Adulterating the legendary Ceylon tea exported to 131 countries around the world has become a key issue, the Government confirmed at Parliament yesterday. The use of chemical substances such as ferro


Top German brands to boost Sri Lankan economy

Views - 250 Wednesday, 19 September 2018 00:00

More than 100 German brands were represented during the relaunch of the fifth edition of the ‘Top German Brands in Sri Lanka’ in the presence of Development Strategies and International Trade Minister Malik Samarawickrama, German Ambassador to Sr


CNCI submits views on SL-S’pore FTA to Presidential Commission

Views - 49 Wednesday, 19 September 2018 00:00

Ceylon National Chamber of Industries (CNCI) Chairman Raja Hewabowala stated in a media release that the CNCI has submitted their observations on the Sri Lanka Singapore Free Trade Agreement (SLSFTA) to the Committee of Experts appointed by President


Sri Lanka-Singapore Business Council elects Rohitha Mendis as President at 20th AGM

Views - 118 Wednesday, 19 September 2018 00:00

The 20th Annual General Meeting (AGM) of the Sri Lanka-Singapore Business Council of the Ceylon Chamber of Commerce was held recently at the Ceylon Chamber of Commerce – Boardroom electing Rohitha Mendis as the President. The AGM was attended by ov


Carriage by Air Bill gets approved by Parliament

Views - 66 Wednesday, 19 September 2018 00:00

By Ashwin Hemmathagama The Government received House approval for the Carriage by Air Bill and regulations under the Civil Aviation Act tabled yesterday in Parliament. The Carriage by Air Bill was moved by Transport and Civil AviationMinister Nimal


Today's Columnists

Of love and struggle: The interconnected feminist movements of South Asia

Wednesday, 26 September 2018

The last Cat’s Eye column observed all that there is to celebrate in the recent Supreme Court of India’s judgement on Sec. 377, which decriminalised adult consensual same-sex sexual activity in private. We used this ‘magnificent’ decision, wh


Accessibility at buildings and places – Indispensable need to enjoy civil rights

Wednesday, 26 September 2018

Have you not yet realised that the chances are now very high that at any stage or any moment in life, for a short time or for a long time, for different reasons, you or your loved ones could experience physical and/or sensory impediments, and fall in


Over-tourism: The new buzz word in tourism

Wednesday, 26 September 2018

Periodically the tourism industry is in the habit of coming up with some interesting name to describe a new emerging trend or situation in the industry. Sometimes the phenomena is not new, but has become relevant and topical enough to ‘package’ a


Depreciation of the rupee and Sri Lanka’s dilemma

Wednesday, 26 September 2018

The rupee depreciated by Rs. 29 from 2005 to 2014 and the average year-on-year depreciation of the Sri Lankan rupee was 2.8% per year. Official foreign reserves increased from $ 2.7 billion to $ 8.2 billion over the same period. In stark contrast, th


Columnists More