Business

Hayleys Plantations Gold and Silver winners at CA Sri Lanka Annual Report Awards

Views - 4 Thursday, 24 January 2019 02:38

Hayleys Plantations was crowned as the Gold and Silver Winners in the Plantations Sector Category for the fifth consecutive year at the CA Sri Lanka Annual Report Awards Ceremony, held at the Shangri-La Hotel Colombo recently. Talawakelle Tea Estates


KOICA to provide $ 6m for modernisation of plant quarantine service in Sri Lanka

Views - 3 Thursday, 24 January 2019 02:37

The Korea International Cooperation Agency (KOICA), the grant aid division of the Korean Embassy, legally based on the framework agreement on grant aid between the two countries, is providing a grant worth $ 6 million to enhance the export competitiv


Govt. allows exporters to skip EDB registration

Views - 9 Thursday, 24 January 2019 02:34


The Footwear and Leather Fair 2019 kicks off on Friday at BMICH

Views - 4 Thursday, 24 January 2019 02:33

Industry and Commerce, Resettlement of Protracted Displaced Persons and Co-operative Development Minister Rishad Bathiudeen will ceremoniously declare open the Footwear and Leather Fair 2019 at the Sirimavo Bandaranaike Memorial Exhibition Centre, BM


SOEs should follow regulatory processes: COPA

Views - 3 Thursday, 24 January 2019 02:33

By Ashwin Hemmathagama – Our Lobby Correspondent The Committee on Public Accounts (COPA) plans to encourage responsible decision making at State Owned Enterprises (SOEs) under its purview by making them follow proper regulatory processes to improve


Jaffna International Trade Fair kicks off on Friday

Views - 3 Thursday, 24 January 2019 02:32

The Jaffna International Trade Fair, the multi-faceted gateway to the north, will bring together some of Sri Lanka’s favourite brands and services. The wide range of products for sale and display will give an opportunity for all stakeholders to ent


China says will step up fiscal spending this year to support economy

Views - 2 Thursday, 24 January 2019 01:18

BEIJING (Reuters): China will step up fiscal spending this year to support its economy, focusing on further cuts in taxes and fees for small firms, finance ministry officials said on Wednesday. Mounting pressure on the world’s second-biggest econom


UK says trade partners underestimate no-deal Brexit risk

Views - 2 Thursday, 24 January 2019 01:17

LONDON (Reuters): Britain won’t have some free-trade deals with other countries in place by March if it leaves the European Union with no deal because current trade partners are underestimating the chance of a no-deal Brexit, Trade Secretary Liam F


Gulf Arab economies likely to grow more slowly through 2020: Reuters poll

Views - 3 Thursday, 24 January 2019 01:16

DUBAI (Reuters): Gulf Arab economies will grow at a slower pace than previously forecast, a quarterly Reuters poll of economists found, as oil output cuts, lower crude prices and weaker global growth put pressure on regional economies. Gross domestic


Oil edges up on hopes Chinese fiscal stimulus will stem economic slowdown

Views - 2 Thursday, 24 January 2019 01:15

SINGAPORE (Reuters): Oil prices inched up on Wednesday after China said it would raise spending to stem an economic slowdown that has been weighing on financial markets. International Brent crude oil futures were at $61.85 per barrel at 0624 GMT, up


Turkish economy softening but no sign of contraction now, Finance Minister says

Views - 2 Thursday, 24 January 2019 01:11

DAVOS, Switzerland (Reuters): Turkey’s economic growth has softened but government moves to cut tax and accelerate the transfer of billions of lira to the Treasury mean Ankara currently sees no recession or negative growth, Finance Minister Berat A


Sri Lanka handlooms go hi-tech after decades

Views - 38 Wednesday, 23 January 2019 00:32

Sri Lanka’s textile and handlooms sector gets a major upgrade after many decades when a global technology platform used in complex patterns is presented to domestic craftsmen and designers this year. “I have been told that modern hi-tech can gre


‘#Our2030: Youth Dialogue’ on leadership, innovation and entrepreneurship begins 

Views - 29 Wednesday, 23 January 2019 00:29

UNDP Sri Lanka Resident Representative Jorn Sorensen, Ministry of National Policies, Economic Affairs, Resettlement and Rehabilitation, Northern Province Development, Vocational Training and Skills Development and Youth Affairs Secretary V. Sivagnana


South Korean economy gets fiscal spending lift, trade pressure dims outlook

Views - 10 Wednesday, 23 January 2019 00:00

SEOUL (Reuters): South Korea’s economy expanded at the fastest pace in three quarters in the last three months of 2018 as a jump in government spending juiced up construction and investment, though weak exports cast a cloud over the outlook for gro


IMF fears trade war and weak Europe could trigger sharp global slowdown

Views - 18 Wednesday, 23 January 2019 00:00

DAVOS, Switzerland (Reuters): The International Monetary Fund on Monday cut its world economic growth forecasts for 2019 and 2020 due to weakness in Europe and some emerging markets, and said failure to resolve trade tensions could further destabiliz


Trade worries sour CEOs’ mood as leaders converge on Davos

Views - 9 Wednesday, 23 January 2019 00:00

DAVOS, Switzerland (Reuters): Chief executives across the world have grown a lot more pessimistic about the global economic outlook due to trade disputes and tense relations between major powers, a survey showed on the eve of the World Economic Forum


Japan firms wary of boosting investment amid intensifying trade war: Reuters poll

Views - 10 Wednesday, 23 January 2019 00:00

TOKYO (Reuters): Over a third of Japanese firms aim to raise capital expenditure in the fiscal year starting April, with many others worried about the impact on spending plans of a trade war between major markets China and the United States, a Reuter


Joint supply chain seminar by ISMM and CCC on Thursday

Views - 31 Tuesday, 22 January 2019 00:18

The Ceylon Chamber of Commerce(CCC)Imports Section in collaboration with the Institute ofSupply and Materials Management (ISMM)hasorganised a joint seminar on ‘Why Supply Chain is Considered Key to Profitability’ on 24 January at the Auditorium o


GRI invites world-renowned Sri Lankan academic on influence and negotiation

Views - 147 Tuesday, 22 January 2019 00:18

GRI considers learning and discovering to be one of its core values, the company therefore flew down Niro Sivanthan, an Associate Professor of Organisational Behaviour at the London Business School, for a customised training program on influence and


Universal Basic Income awareness campaign for Sri Lanka

Views - 343 Tuesday, 22 January 2019 00:17

With automation increasingly set to take over human jobs, a solution has to be found to solve problems such as mass unemployment, which is set to follow. Talal Rafi along with two American activists, Jim Pugh and Scott Santens, wish to create awarene


Lankan logistics trailblazer ‘Grasshoppers’ wins second investment from Aavishkaar

Views - 200 Tuesday, 22 January 2019 00:07

Grasshoppers – the international award-winning last-mile logistics provider from Sri Lanka –is one of the most investable new businesses in the local e commerce landscape. Aavishkaar Frontier Fund recently announced its decision to buy into the t


SL-S’pore Biz Council, KPMG to hold seminar on ‘Meeting the challenges of the VUCA world’

Views - 59 Monday, 21 January 2019 00:03

‘VUCA’ is an acronym that stands for Volatility, Uncertainty, Complexity and Ambiguity, a combination of qualities that, taken together, characterise the nature of some difficult conditions and situations of the external environment. It gives


Jeenu Mahadevan with Lankan roots calls out colourism at Men’s Fashion Week

Views - 60 Monday, 21 January 2019 00:02

BBC: London, Paris, Milan, New York... it has been a frantic January for model Jeenu Mahadevan, as he flies around the world for Men’s Fashion Week. “There’s no such thing as downtime in Fashion Week. It’s just chaos for three weeks straight


BoardPAC wins big with 6 Stevie accolades at 2018 International Business Awards

Views - 185 Monday, 21 January 2019 00:00

BoardPAC, globally recognised as a leading provider of revolutionary paperless board-meeting automation solutions captured a record six Stevie accolades at the 15th International Business Awards (IBA) 2018 held recently. Impressively, BoardPAC was th


Pathfinder and Bangladesh Institute of Maritime Research and Development to engage in joint programs

Views - 18 Saturday, 19 January 2019 00:10

The Pathfinder Foundation (PF) has recently entered into a Memorandum of Understanding (MOU) with the newly established Bangladesh Institute of Maritime Research and Development (BIMRAD) to collaborate in the field of maritime research in the Bay of


Jaffna International Trade Fair kicks off on 25 January

Views - 24 Saturday, 19 January 2019 00:00

The Jaffna International Trade Fair, the multi-faceted gateway to the north, will bring together some of Sri Lanka’s favourite brands and services. The wide range of products for sale and display will give an opportunity for all stakeholders to ent


Union Bank’s ‘UB Accelerate’ draws overwhelming response

Views - 17 Saturday, 19 January 2019 00:00

Union Bank recently hosted ‘UB Accelerate’ a career guidance and job fair targeting school leavers and young job-seekers. The event held at the Nawarangahala of Royal College was a huge success and attracted over 1,000 youths from across the is


Clarification

Views - 9 Saturday, 19 January 2019 00:00

In reporting the latest Purchasing Managers Index (PMI) on Wednesday the Daily FT did not mention that it was released by the Central Bank of Sri Lanka. Daily FT wishes to correct the oversight and apologises for any inconvenience caused by the omiss


Mobitel 4G nation winners enjoy thrilling helicopter tour in Matale

Views - 9 Saturday, 19 January 2019 00:00

Mobitel once again hosted a thrilling helicopter ride for its loyal customers to create awareness about the widespread nature of Mobitel’s 4G network. This island wide and interactive initiative continues to spread joy to loyal customers providing


Thai Sumeda receives multiple awards

Views - 14 Saturday, 19 January 2019 00:00

Thai Sumeda Ltd., which has been engaging in the production and distribution of high quality incense sticks for a period of 30 years securing the respect of local and international communities alike, received the dual awards ‘Janabhimani Gaurava’


Today's Columnists

10-year challenge: Has Sri Lanka made progress in last decade to become financially-literate?

Thursday, 24 January 2019

The ’10-Year Challenge,’ Facebook’s latest social media phenomenon has taken the internet by a storm. People are posting a picture from 10 years ago alongside their current profile picture or some other photograph and the transformation through


Catwalk beyond 400 PPM – Consuming towards disaster!

Thursday, 24 January 2019

Catwalks sizzle! What’s on the catwalk – the skin, the silk, lycra parading endlessly broadcast to the world whatever new and popular in clothing and accessories and it also communicates desirable dimensions too in a not-too-subtle manner. Knowi


Rolling back big government – The next big challenge

Thursday, 24 January 2019

Preliminary estimates in the 2019 Budget to be presented on 5 March this year include an income of 2.5 trillion and a debt service requirements of a whopping 2.2 trillion, leaving only a net income of 0.3 trillion. As for expenditure, the Government


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