Business

Asoka Hettigoda honoured with Ayurveda Ratna award in British Parliament

Views - 4 Tuesday, 19 November 2019 00:00

Britain’s Members of Parliament on 5 November acknowledged and honoured the work of the Hettigoda family and their services to Sri Lankan Ayurveda. The All-Party Parliamentary Group (APPG) for Indian Traditional Sciences of the House of Commons wel


COYLE extends congratulations to new President

Views - 3 Tuesday, 19 November 2019 00:00

The Chamber of Young Lankan Entrepreneurs (COYLE) yesterday via statement congratulated newly-elected President Gotabaya Rajapaksa. Following is the full text of the COYLE statement: “We welcome and express our profound and heartfelt congratulatio


ICC Sri Lanka congratulates President Rajapaksa

Views - 1 Tuesday, 19 November 2019 00:00

The International Chamber of Commerce in a statement yesterday congratulated President Gotabaya Rajapaksa on being elected the Seventh President of Sri Lanka. ICC Sri Lanka Chairman Dinesh Weerakkody issuing a statement said: “As a member of the wo


Indian CEO Forum hails Gotabaya victory

Views - 1 Tuesday, 19 November 2019 00:00

Indian CEO Forum of Sri Lanka (the preeminent body for Indian business investment in Sri Lanka) President Umesh Gautam who is also Lanka Ashok Leyland Plc CEO yesterday issued a statement hailing the victory of Gotabaya Rajapaksa as the President. F


COSMI Chief hails Gotabaya Presidency

Views - 1 Tuesday, 19 November 2019 00:00

Confederation of Micro, Small and Medium Industries (COSMI), Sri Lanka, Founder President Nawaz Rajabdeen expressed his warm congratulations to the seventh Executive President of the Democratic Socialist Republic of Sri Lanka Gotabaya Rajapaksa. In


EDB organises first ever Sri Lanka pavilion at Productronica 2019

Views - 2 Tuesday, 19 November 2019 00:00

The Sri Lanka Export Development Board (EDB) has organised a Sri Lanka pavilion at Productronica 2019, held from 12-15 November at Messe München, Germany with the assistance of the Embassy of Sri Lanka in Germany and Consulate General of Sri Lanka i


LECO widens customer service capabilities via myLECO app and Call Centre

Views - 1 Tuesday, 19 November 2019 00:00

Lanka Electricity Company Ltd. (LECO) by enhancing its customer service standards in line with modern mobile phone communication technology, unveiled myLECO app and LECO 24 hour – Call Centre. LECO customers within stipulated business peripheries


Piramal Glass posts Rs. 3.5 b revenue, Rs. 95 m PAT in 1H

Views - 2 Tuesday, 19 November 2019 00:00

Piramal Glass Ceylon PLC has successfully completed the first half of FY20 with its revenue crossing Rs. 3.5 billion mark and a PAT of Rs. 95 million.  The half-yearly turnover stands at Rs. 3,527 million contributed by Rs. 2,476 million from the do


Jan-Sept. exports grow 1%

Views - 1 Tuesday, 19 November 2019 00:00

Exports only grew by 1% during the first nine months of 2019, recording $ 8.9 billion when compared with the $ 8.8 billion for the same period last year, but the latest Central Bank external performance report also showed that slow exports, coupled w


Serendib Flour Mills hikes prices driven by challenging external factors

Views - 27 Monday, 18 November 2019 02:29

Serendib Flour Mills, one of the most trusted wheat flour manufacturers in Sri Lanka, is announcing an increase of Rs. 8 in the selling price of its wheat flour products with effect from 16 November midnight due to existing uncontrollable external fa


KPMG holds 18th MESA Conference in Sri Lanka

Views - 89 Monday, 18 November 2019 02:29

The 18th KPMG MESA Conference on the theme ‘Reinventing to Meet Clients’ Agenda’ brought together more than 100 Partners from 13 countries in the Middle East and South Asia (MESA) sub-region and the wider KPMG network. The conference, which wa


Softlogic top line improves but losses up in difficult 2Q

Views - 60 Monday, 18 November 2019 02:00

Diversified blue chip Softlogic Holdings Plc has posted gain in its top line though losses have increased in the second quarter midst difficult conditions though the Group is upbeat of prospects following the conclusion of the Presidential Election a


Hemas sees steady recovery in 2Q following challenging 1Q

Views - 53 Monday, 18 November 2019 01:03

Hemas Holdings PLC said it has witnessed a recovery in 2Q with group revenue up by 19.2%, over 1Q FY20, and operating profit and earnings growing by Rs. 662.7 million and Rs. 633.1 million.


UK economy dodges recession, but annual growth slowest since 2010

Views - 18 Monday, 18 November 2019 00:00

LONDON (Reuters): Britain’s economy grew at its slowest annual pace in nearly a decade during the three months to September as the global slowdown and Brexit worries hit manufacturing and business investment, official figures showed last week. Whil


‘Suffering’ German economy narrowly escapes recession in third quarter

Views - 14 Monday, 18 November 2019 00:00

Berlin (Reuters): The German economy narrowly avoided an expected slip into recession in the third quarter as consumers, state spending and construction drove a 0.1% quarterly expansion in Europe’s largest economy. On an annual basis, German gross


Japan’s economy nearly stalls in third-quarter, growth at 1-year low as trade war bites

Views - 14 Monday, 18 November 2019 00:00

TOKYO (Reuters): Japan’s economy ground to a near standstill in the third quarter with growth at its weakest in a year as the US-China trade war and soft global demand knocked exports, keeping pressure on policymakers to ramp up stimulus to bolster


Hong Kong confirms economy fell into recession amid protests, trade war

Views - 10 Monday, 18 November 2019 00:00

HONG KONG (Reuters): Hong Kong sank into recession for the first time in a decade in the third quarter, government data confirmed on Friday, weighed down by increasingly violent anti-Government protests and the escalating US-China trade war. The econ


China’s economy grinds lower as October indicators miss forecasts

Views - 12 Monday, 18 November 2019 00:00

BEIJING (Reuters): China’s industrial output grew significantly slower than expected in October, as weakness in global and domestic demand and the drawn-out Sino-US trade war weighed on activity in the world’s second-largest economy. Industrial p


China’s Yunnan Province delegation meets Malik

Views - 23 Saturday, 16 November 2019 00:10

A meeting between CPC Yunnan Provincial Committee Secretary and Standing Committee of People’s Congress of Yunnan Province Chairman Chen Hao and Minister of Development Strategies and International Trade Malik Samarawickrama was held on 11 November


Huawei invites developers to share ‘golden opportunity’ offered by 5G

Views - 23 Saturday, 16 November 2019 00:02

Speaking during the opening keynote of Web Summit, Huawei Rotating Chairman Guo Ping encouraged the global developer community to take advantage of the golden opportunity offered by 5G combined with other technologies. In his speech entitled ‘5G+X


Browns Veterinary Pharmaceuticals launches Bravecto

Views - 19 Saturday, 16 November 2019 00:02

The Browns Veterinary Pharmaceuticals Division recently launched Bravecto at the Waters Edge Hotel, Battaramulla. The launch was held as a part of this year’s annual gathering of the Society of Companion Animal Practitioners Sri Lanka which is affi


Abuja Chamber of Commerce and Industry welcomes Sri Lankan High Commissioner

Views - 10 Saturday, 16 November 2019 00:02

Abuja Chamber of Commerce and Industry President Prince Adetokunbo Kayode welcomed the Sri Lanka High Commissioner designate A. Sabarullah Khan at the Chamber on 8 November. The two dignitaries agreed that there was vast potential for enhancing bila


Vision Care offers free eye check-up week to mark World Diabetes Day

Views - 10 Saturday, 16 November 2019 00:01

Vision Care is offering a free basic eye check-up for a week from 14 November to 21 November 2019 to commemorate World Diabetes Day under this year’s theme ‘The Family and Diabetes’. People with diabetes have an increased risk of developing a


Mobitel special data bundle offer for Samsung Note 10, Note 10+ and A80

Views - 13 Saturday, 16 November 2019 00:01

Mobitel, Sri Lanka’s National Mobile Service Provider, is partnering with Samsung, the number one smartphone brand in Sri Lanka, to offer customers an exciting opportunity to enjoy a special data and voice bundle for those purchasing the Samsung No


Record number of entries for Milo’s grand cycle giveaways

Views - 63 Saturday, 16 November 2019 00:00

Nestlé’s popular and nutritious energy brand Milo is once again giving away brand new mountain bicycles to 1,000 lucky winners. All they need to do to stand a chance at winning is to SMS a unique code found on the back of every Milo RTD pack to 6


Chinese entrepreneur delegation visits SL to explore investment opportunities

Views - 49 Friday, 15 November 2019 00:00

A group of potential of Chinese investors of members from HeBei Corporate Social Responsibility Promotion Association who are entrepreneurs in the field of construction, science and technology, financial, education, real estate, trading, decoration,


People’s Bank obtains Enjoining Order against MTD Walkers and parent company

Views - 64 Friday, 15 November 2019 00:00

People’s Bank recently instituted action against MTD Walkers and its parent company MTD Capital Bhd of Malaysia before the Commercial High Court, in the background where a corporate disclosure had been made by MTD Walkers to the Colombo Stock Excha


Intex South Asia kicks off in Colombo with powerhouse of opportunities

Views - 37 Thursday, 14 November 2019 00:00

Creating a new paradigm in textile sourcing by successfully integrating the textile value chain on a single, global, trading platform, the 5th Intex South Asia opened yesterday and will continue till 15 November at the Sirimavo Bandaranaike Memorial


Browns Thermal Engineering forges strategic partnership with Banco India to increase product portfolio

Views - 62 Wednesday, 13 November 2019 01:53

Browns Thermal Engineering Ltd. (BTEL), the manufacturing arm of Browns Group, recently signed an agreement with Banco Products Ltd. (India), a leader in engine cooling systems for both automotive and industrial applications. The agreement will make


Transparency key to attracting US investment: Officials

Views - 59 Wednesday, 13 November 2019 01:37

By Madushka Balasuriya reporting from Bangkok Transparency, predictability, clarity in terms of infrastructure planning, and an open regulatory environment, were some of the key areas highlighted by a top US government official earlier this week, wh


Today's Columnists

Victory over the oppressed

Tuesday, 19 November 2019

The Presidential Election is over and the new President has taken his oaths. Although there were opinions expressed that there can be a second count of preference votes of the candidates other than the first and second, it was an easy victory for Got


The mantra of attracting high-end tourists

Tuesday, 19 November 2019

“Easier said than done!” is what many veterans of the tourism industry say whenever the subject of enticing high spenders to Sri Lanka is debated. That being so, some boutique brands have fetched high prices in the past though the current situati


Adopt high-impact interventions to secure future of antibiotics and rollback the global AMR crisis

Tuesday, 19 November 2019

Antimicrobial resistance (AMR) is a global crisis that threatens the future of our most precious drugs: antibiotics. Across the world, AMR kills an estimated 700,000 people annually, including 230,000 from multi-drug resistant tuberculosis. By 2050,


A child’s guide to MCC Compact Sri Lanka

Monday, 18 November 2019

Intelligent children, unlike some of the adults, are curious, probing and questioning. They do not jump to conclusions until and unless they are convinced of facts that have been presented to them. Asani, a student in the Advanced Level class in a le


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