Business

eZ Cash rolls out first phase of ATM machines in north

Views - 49 Wednesday, 17 January 2018 00:00

Sri Lanka’s first and largest Mobile Money and Payment Service, eZ Cash, rolled out the first phase of its mobile operated ATM machine to select retailers from the Northern Province.


SC fixes CB officer’s petition for 29 Jan.

Views - 21 Wednesday, 17 January 2018 00:00

The Supreme Court yesterday re-fixed for support on 29 January the granting of leave to proceed with the fundamental rights petition filed by a Central Bank officer.


ABB supports Sri Lanka’s renewable energy commitments with EV charging network

Views - 28 Wednesday, 17 January 2018 00:00

The Sri Lankan area of Colombo City is to benefit from a new fleet of connected, fast electric vehicle (EV) chargers from ABB.


Central Bank expects manufacturing to pick up in 1Q

Views - 57 Wednesday, 17 January 2018 00:00

The Manufacturing Sector PMI recorded 59.1 in December, which is a marginal increase of 0.3 index points compared to November 2017,


DI heralds brand-new look

Views - 46 Wednesday, 17 January 2018 00:00

A leader in leather footwear in Sri Lanka, Ceylon Leather Products PLC announced the re-launch of the brand DI, in a bid to augment the traditional,


Japan’s Nagano Employers’ Association visits EDB to enhance bilateral trade relations

Views - 17 Wednesday, 17 January 2018 00:00

A delegation from the Nagano Employers’ Association of Nagano Prefecture in Japan visited Sri Lanka’s Export Development Board


Chinese billionaire partners SupremeSAT to explore new investment in SL

Views - 34 Wednesday, 17 January 2018 00:00

Chinese billionaire Cai Xiaoru, who is one of China’s youngest and leading businessmen, arrived in Sri Lanka last week to seal a new partnership with SupremeSAT and explore new


Economic Outlook 2018 Seminar: Takeaways to expect

Views - 54 Tuesday, 16 January 2018 00:00

The 2018 Sri Lanka Economic outlook, the first of its kind for this year to feature policymakers, global experts and sector perspectives, is to be held on 22 January at the Ceylon Chamber of Commerce. With Road Map 2018 released by the Central Bank


Lanka Ashok Leyland targets record sales in 2018 with strong 3Q2017 performance

Views - 93 Tuesday, 16 January 2018 00:00

Lanka Ashok Leyland carried its remarkable quarterly performance into the New Year with a remarkable third quarter performance. Revenue grew 52% for the first nine months of the year to Rs. 11.6 b against Rs. 7.6 b in 2016. While turnover is heavily


Sri Lanka Economic Association elects new Executive Committee

Views - 23 Tuesday, 16 January 2018 00:00

The Annual General Meeting of Sri Lanka Economic Association (SLEA) was held on 11 January at the auditorium of the Economic Department of University of Colombo. The new Executive Council of SLEA for 2018 was elected unanimously at the AGM. Dr. Upan


Boosting SMEs’ role in exports “vital”: Eran

Views - 90 Tuesday, 16 January 2018 00:00

Sri Lanka’s plans to increase the contribution made by smaller-scale businesses to exports and lift Foreign Direct Investment (FDI) in 2018 were both topics of conversation at a meeting held recently between State Minister of Finance Eran Wickramar


MTI sets up new Smart Office at Spence Towers

Views - 30 Tuesday, 16 January 2018 00:00

MTI Consulting, Sri Lanka’s leading strategy consultancy with an international footprint, has moved into their new Smart Office at the Aitken Spence Towers on Vauxall Street. Opening the new office, MTI Consulting CEO Hilmy Cader opined that, “Fo


Hayleys Energy Services completes landmark oil rig offloading project in Trincomalee anchorage

Views - 37 Tuesday, 16 January 2018 00:00

Hayleys Energy Services, the pioneer in oil and gas support services in Sri Lanka, announced that it had successfully completed the offloading of the Semi-Submersible oil rig Olinda Star at the Trincomalee Port anchorage recently. This deep-water rig


Minister Samarawickrama meets WEF ahead of Davos Summit

Views - 41 Tuesday, 16 January 2018 00:00

Development Strategies and International Trade Malik Samarawickrama during a two-day visit to Geneva recently met withWorld Economic Forum (WEF) President Børge Brendeand senior officials engaged in areas relating to Sri Lanka. The visit took place


CMA recognises best A/L students

Views - 18 Monday, 15 January 2018 00:00

CMA Sri Lanka last week recognised some of the best-performing students at the G.C.E. Advance Level examination.


Perfect Business Solutions shines at FCCISL Annual Awards

Views - 23 Monday, 15 January 2018 00:00

Perfect Business Solution Services Ltd. (PBSS) 15 year service of excellence was rewarded with two silver awards, National and Western Province Medium Category at the recently concluded Federation of Chambers of Commerce and Industry of Sri Lanka (FC


Launch of ‘‘The Island of the Lion and the Land of the Dragon- Essays on Sri Lanka – China Relation

Views - 44 Monday, 15 January 2018 00:00

The Pathfinder Foundation (PF) and the China Institutes of Contemporary International Relations (CICIR) is scheduled to launch a publication titled ‘‘The island of the Lion and the Land of the Dragon- Essays on Sri Lanka – China Relations”


Rohitha Thilakaratne re-elected as President at 23rd AGM of Sri Lanka Pakistan Business Council

Views - 123 Monday, 15 January 2018 00:00

Sri Lanka-Pakistan Business Council (SLPBC) which functions under the aegis of the Ceylon Chamber of Commerce held its 23rd Annual General Meeting recently,


People’s Bank celebrates festival of Thai Pongal

Views - 12 Monday, 15 January 2018 00:00

A special ceremony was organised to commemorate the festival of Thai Pongal at the Kotahena branch of People’s Bank under the patronage of Chief Executive Officer/General Manager of People’s Bank, N. Vasantha Kumar.


Indian Union Minister for Information Technology arrives

Views - 25 Monday, 15 January 2018 00:00

Indian Union Minister for Information Technology Ravi Shankar Prasad arrived in Colombo on Sunday on three-day visit to Sri Lanka.


Pakistan PM Abbasi calls for increased trade with Sri Lanka

Views - 29 Monday, 15 January 2018 00:00

Dawn.com: Prime Minister Shahid Khagan Abbasi has invited Sri Lankan businessmen to see for themselves that Pakistan is not ‘what the West portrays’, declaring that ‘Pakistan is not what one sees on CNN’.


Sri Lanka SME policy work takes off within a short time of national launch

Views - 34 Monday, 15 January 2018 00:00

Implementation of Sri Lanka’s first national SME strategy began in earnest as the Government moved a top global private advisory firm to lead the process.


Fitch rates Sampath Bank’s Basel III Sub Debt ’A (EXP)’

Views - 32 Saturday, 13 January 2018 00:24

Fitch Ratings has assigned Sampath Bank PLC’s (A+(lka)/Negative) proposed Basel III compliant subordinated debentures an expected National Long-Term Rating of ’A(lka)(EXP)’.


Industrial production up 4.4% in November

Views - 55 Saturday, 13 January 2018 00:00

The volume of industrial production in November has increased by 4.4% from a year earlier, the Department of Census and Statistics said yesterday. The Index of Industrial Production (IIP) reported for November 2017 and 2016 were 108.9 and 104.3 respe


NDB’s 2017 in a review

Views - 43 Saturday, 13 January 2018 00:00

The year 2017 was a massive success to National Development Bank PLC who – as a customer oriented organisation – succeeded in introducing products that not only made life easier but also proved how important the bank’s client base is to them.


Sugar-free yet sweet Sugar Killer Tea launched in Sri Lankan market

Views - 26 Saturday, 13 January 2018 00:00

Sugar Killer Tea, a sugar-free yet sugar-like-taste filled tea which is a 100% natural discovery from Sri Lanka, has been introduced to the market for the first time. Sugar Killer Tea is successfully exported to many countries around the world. It c


Huawei Facebook Group for smartphone photography enthusiasts

Views - 17 Saturday, 13 January 2018 00:00

Huawei, the number one growing smartphone brand in Sri Lanka, commenced a Facebook Group recently as a platform for Huawei users to showcase their photography talents through the Quad lenses of the newly launched nova 2i. The Facebook group is open t


Ansell Lanka commemorates World Human Rights Day 2017

Views - 13 Saturday, 13 January 2018 00:00

In celebration of Ansell’s values and to commemorate International Human Rights Day, the company celebrated ‘World Human Rights Day 2017’ for all staff recently. Dr. Prathiba Mahanamahewa, Former Human Rights Commissioner, was the Chief Guest a


SL, India sign deal for $ 45 m financial assistance to develop Kankesanthurai Harbour

Views - 132 Friday, 12 January 2018 00:00

Sri Lanka and India yesterday signed an agreement to provide Indian loan assistance of $ 45.27 million (Rs. 6.9 billion) to upgrade the Kankesanthurai Harbour in Jaffna in the north.


Access Engineering sees over 10% rise in FY 2017/18 profit

Views - 132 Friday, 12 January 2018 00:00

Reuters: Access Engineering Company Plc, a listed Sri Lankan firm that has partnered with Chinese companies on construction projects


Today's Columnists

We can’t let the oddities and lapses of this Government distract our goal of Yahapalanaya

Wednesday, 17 January 2018

Yes, lots of funny things are happening on the Government side, giving opponents of freedom and good governance


Marketing and war are similar; who will win on 10 February?

Wednesday, 17 January 2018

If we watch any media channel today, the focus is on the 10 February elections in Sri Lanka. For the first time we see how


Pitfalls in 5Ss and how to avoid them

Wednesday, 17 January 2018

After many years of experience in the manufacturing industries and successful implementation of lean practices in sixty companies


Walking an adaptable path to your cloud vision

Tuesday, 16 January 2018

While most companies have a vision of their cloud future – where everything in IT is simple, flexible, elastic making it easy to innovate, be swift to market and delight customers– fewhave a clear view of how to get there.This isbecause they are


Columnists More