Business

Global Seafoods, BOI sign agreement to process Wakame seaweed

Views - 35 Thursday, 23 May 2019 03:17

The Board of Investment of Sri Lanka signed a supplementary Agreement with Global Seafoods Ltd. on 17 May, to process Wakame seaweed for export in their existing factory complex. The Agreement was signed on behalf of the BOI by Board Chairman Mangala


Inflation hits 3.6% in April

Views - 19 Thursday, 23 May 2019 03:16

Headline inflation as measured by the year-on-year change in the National Consumer Price Index increased to 3.6% in April 2019 from 2.9% in March 2019 due to the monthly increases of prices of items in both Food and Non-food categories. Meanwhile, i


Sanjay Tiwari to head Piramal Glass US operations

Views - 23 Thursday, 23 May 2019 03:13

Piramal Glass Ceylon PLC’s (PGC) longstanding Managing Director and CEO Sanjay Tiwari has been appointed to head the Indian giant’s manufacturing operations in USA as the Chief Executive Officer of Piramal Glass USA Inc. Tiwari served PGC for pa


Cyberattacks on payment, banking systems two days after Easter Sunday mayhem

Views - 48 Thursday, 23 May 2019 03:12

There had been several cyberattacks of ‘.com’ and ‘.lk’ sites two days after the Easter Sunday mayhem, the Sri Lanka CERT has informed the Government. State Minister of Finance Eran Wickramaratne revealed yesterday that attacks included payme


Piramal Glass turnover tops Rs.7 b

Views - 20 Thursday, 23 May 2019 03:12

Piramal Glass Ceylon PLC (PGC) said yesterday it has completed yet another challenging year with the highest-ever export turnover, PAT of Rs. 346 million and the Overall Turnover crossing the Rs. 7 billion mark. The total revenue achieved for the yea


Sri Lanka participates at Brazil’s largest supermarket exhibition APAS Show 2019

Views - 9 Thursday, 23 May 2019 02:53

The Coconut Development Authority of Sri Lanka, in collaboration with the Department of Commerce and the Sri Lanka Embassy in Brazil, participated at the APAS Show 2019, considered the largest supermarket exhibition held in Latin America. The APAS S


Sri Lanka participates at Seafood Expo Global 2019 Brussels

Views - 29 Thursday, 23 May 2019 02:50

Sri Lankan seafood exporters participated at the 27th Seafood Expo Global/Seafood Processing Global at the Brussels Expo, the world’s largest trade fair in the fisheries sector, which was successfully held from 7-9 May in Brussels, Belgium. The Sr


Promoting greater Sri Lanka-China biz ties

Views - 8 Thursday, 23 May 2019 02:49

International Business Council President Kosala Wickramanayake this week signed a Memorandum of Understanding with China Council Vice Chairman Chen Hongliang for the promotion of the International Trade Hainan Sub-Council in Haikou Hainan to promote


Aitken Spence Printing certified with world’s leading print facility validation

Views - 25 Thursday, 23 May 2019 02:48

Market leader Aitken Spence Printing & Packaging Ltd. has again proved itself as a trendsetter in the industry by obtaining the G7 Master Facility Qualification-Colourspace, the highest level of the G7 compliance and the most stringent. Idealliance


SL, Singapore sign MoU for employment of Lankan caregivers

Views - 15 Thursday, 23 May 2019 02:48

Sri Lanka High Commission in Singapore initiated a Tripartite Memorandum of Collaboration (MOC) between the Sri Lanka Bureau of Foreign Employment (SLBFE) and Singapore recruitment agencies, namely, Homekeeper International Ltd. and Aria Training and


Messe Duesseldorf bullish on promoting industrial products of Sri Lanka

Views - 58 Wednesday, 22 May 2019 00:00

Reinforcing Germany’s support to Sri Lanka in need of the hour, world’s leading trade fair organiser Messe Duesseldorf GmbH announced plans to promote ‘Made in Sri Lanka’ as a quality brand and build the country’s industrial products in the


Ex-Unilever and Coke’s Manjula Dahanayake new CEO at Lanka Milk Foods

Views - 61 Wednesday, 22 May 2019 00:00

Manjula Dahanayake formerly of Unilever Ceylon and Coca-Cola Beverages Sri Lanka, has joined Lanka Milk Foods (CWE) Plc as the new CEO. Dahanayake holds a Master’s Degree in Business Administration from the University of Sri Jayewardenepura and is


Manoj Gupta takes over as new MD at Lanka IOC

Views - 28 Wednesday, 22 May 2019 00:00

Indian Oil Corporation (IOC)-owned Lanka IOC (LIOC) announced changes at the top management, with the appointment of Manoj Gupta as a new Managing Director who assumed duties on 20 May and succeeds Shyam Bohra, who has completed his tenure and has be


SL will not meet 2019 FDI target: Malik

Views - 220 Wednesday, 22 May 2019 00:00

The Government’s Foreign Direct Investment (FDI) target of about $3 billion for 2019 will not be met, Development Strategies and International Trade Minister Malik Samarawickrama told Parliament yesterday, as investor confidence took a hit after th


INSEE Cement Sri Lanka appoints Nandana Ekanayake as Chairman of Board

Views - 35 Wednesday, 22 May 2019 00:00

Sri Lanka’s foremost producer of cement, Siam City Cement (Lanka) Limited (SCCCL), known as INSEE Cement, announced changes to the composition of the Company’s Board of Directors on 15 May. Nandana Ekanayake was appointed as the new Chairman of


A.S. Jayawardena Commemoration inaugural lecture by CB Chief

Views - 13 Wednesday, 22 May 2019 00:00

The inaugural A.S. Jayawardena Commemorative lecture will be delivered by Central Bank of Sri Lanka Governor Dr. Indrajit Coomaraswamy on Friday 24 May at 5 p.m. at the Central Bank’s College of Banking Studies Auditorium at 58 Sri Jayawardhana Maw


Dialog’s Ideamart spearheads expansion of female developer community

Views - 28 Wednesday, 22 May 2019 00:00

Ideamart, a platform for developers and content providers presented by Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has supported the expansion of the country’s female developer community by partnering with the IEEE Women in Engi


UNDP and Citi Foundation host 2nd Asia Pacific Youth Co:Lab Summit

Views - 24 Wednesday, 22 May 2019 00:00

The United Nations Development Programme (UNDP) and Citi Foundation, with the collaboration and support from the Ministry of Science and Technology and the Viet Nam Volunteer Centre, opened the second Asia Pacific Youth Co:Lab Summit, in Hanoi on Tue


MTI shares global learnings on responding to tough times

Views - 410 Tuesday, 21 May 2019 00:00

Every economy and every enterprise at some point of their life cycle will encounter tough times. This is the Sri Lankan ‘moment’ of tough times, but we are not the only economy or enterprise to have been in such a tough situation. Think Egypt, Tu


Lanka IOC MD Shyam Bohra completes his tenure

Views - 33 Tuesday, 21 May 2019 00:00

Lanka IOC PLC Managing Director Shyam Bohra has completed his tenure in Sri Lanka and will be moving back to the parent company Indian Oil Corporation. Bohra took over as the head of Lanka IOC in 15 September 2015 and has been responsible for bolster


Imported onions to cost more

Views - 15 Tuesday, 21 May 2019 00:00

The Government has decided to increase the import levy on big onions by Rs 20 per kilo. The hike was announced by Agriculture, Rural Economic Affairs, Livestock Development, Irrigation and Fisheries & Aquatic Resources Development Minister P. Harris


Chamber of Tourism and Industry appeals for relief for SMEs

Views - 48 Saturday, 18 May 2019 00:10

The Chamber of Tourism and Industry has appealed for urgent relief for small and medium enterprises in the sector who have been seriously affected following the Easter Sunday terror attacks. The appeal was handed over by Chamber President A.M. Jaufer


Chamber of Tourism and Industry appeals for relief for SMEs

Views - 18 Saturday, 18 May 2019 00:10

The Chamber of Tourism and Industry has appealed for urgent relief for small and medium enterprises in the sector who have been seriously affected following the Easter Sunday terror attacks. The appeal was handed over by Chamber President A.M. Jaufer


Suren Cooke Agencies opens state-of-the-art carbon neutral facility

Views - 46 Saturday, 18 May 2019 00:02

Suren Cooke Agencies recently unveiled their universally recognised, state-of-the-art, carbon neutral facility, aimed at neutralising the Greenhouse Gas (GHG) emissions. With this, they were awarded the Carbon Neutral Certification by the Sri Lanka C


Browns Hospitals partners with PATHE Global Campus

Views - 20 Saturday, 18 May 2019 00:00

Browns Hospitals, a fast-growing healthcare provider and the healthcare arm of Brown & Company PLC, has signed an MoU with PATHE Global Campus (formerly known as PATHE Academy) to be their healthcare training partner. Students of PATHE Global Campus


i-Ed Australia promotes quality education

Views - 19 Saturday, 18 May 2019 00:00

For a nation like Sri Lanka where literacy rates are at the highest in the region, education is of imperative importance. Many therefore not only pursue primary and secondary education, but also have a keen interest in tertiary education. Sri Lanka h


Knock twice to see inside and save energy with LG InstaView Door-in-Door Refrigerators from Abans

Views - 31 Saturday, 18 May 2019 00:00

With their ground-breaking LG InstaView Door-in-Door Refrigerator, LG provides customers the utmost convenience, quality and flexibility in a household appliance. The refrigerator is world-renowned for its innovative glass panel, revolutionary knock-


SLT partners Prime Land Residencies to power 10 apartment complexes with superior fibre connectivity

Views - 22 Saturday, 18 May 2019 00:00

Sri Lanka Telecom (SLT), the leading telecommunication service provider in the country, entered into a partnership with Prime Lands Residencies Ltd., the trusted partner in the housing industry in Sri Lanka to power 10 condominium project with 740 un


Teejay ends positive 2018-19 with 6th straight quarter of profit growth

Views - 211 Friday, 17 May 2019 00:00

Sri Lanka’s multinational textile manufacturer Teejay Lanka PLC has ended FY 2018-19 on an impressive note, with consistent sales and profit gains of the preceding months bolstered by robust growth in the final quarter, the Group’s sixth consecut


Dipped Products posts healthy growth in 2018-19

Views - 36 Friday, 17 May 2019 00:00

Strong gains from performance enhancing initiatives in local operations in the face of stiff market conditions and robust contributions from overseas marketing operations have generated noteworthy profit growth in 2018-19 for Dipped Products Group, a


Today's Columnists

A case for reviewing plantation management

Thursday, 23 May 2019

Last week, I elaborated on ‘Going Beyond Agronomic Research for Plantation Reform’ with the aim of beginning a conversation on the importance of non-agronomic research to understand the many problematic areas that plague the plantation sector, in


How are we doing in e-government?

Thursday, 23 May 2019

It is customary to assess some aspect of the performance of a country using a composite index such as the Ease of Doing Business Index or the Network Readiness Index. For government services, there is the e-Government Development Index (EGDI), issued


National introspection in the aftermath

Thursday, 23 May 2019

“The immediate task for the Government is to guaranty the safety and security of all innocent Muslims and prevent a recurrence of 1983 … One cannot eradicate one evil with another” – Anatomy of an Islamist Infamy (III), CT, 9 May. In this, th


Dhammika Perera an anti-establishment candidate

Thursday, 23 May 2019

During the holy Vesak weekend the phones were buzzing all over Sri Lanka over a story that appeared on a web page. The story said that Prime Minister Ranil Wickremesinghe had met with business tycoon Dhammika Perera whose business empire contribute


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