Business

Venora crowned as Best Enterprise  of the Year – Western Province

Views - 21 Monday, 19 November 2018 00:14

Storming by every barrier, finally Venora International Projects Ltd. was selected as the Best Enterprise Services Sector (Hospitality/Tourism/Other Services) under Large Category at Entrepreneur Awards 2018, jointly organised by National Enterprise


Panasian Power continues success streak with 452% growth in PAT during 1H 2018

Views - 30 Monday, 19 November 2018 00:13

Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a consolidated net profit of Rs. 54 million for the quarter and Rs. 153 million for the six months ending 30th September, 2018. This represents a 110% a


Bandula launches book on Sri Lankan economy

Views - 9 Saturday, 17 November 2018 00:10

A book on the development and the negative side of Sri Lankan economy during the past three years, written by Minister Dr. Bandula Gunawardane was launched by former President Mahinda Rajapaksa at a ceremony held recently. Eminent speakers of the cal


Renowned industry expert introduces Fourth Industrial Revolution to Sri Lanka

Views - 17 Saturday, 17 November 2018 00:00

Leading academic, researcher and consultant, Professor Terrence Perera, recently visited Sri Lanka at the invitation of the Sir John Kothalawela Defense University (KDU) to be the keynote speaker at the university’s International Research Conferenc


Sri Lanka Telecom powers #ConnectSL interactive forum: ‘Know your social ID?’

Views - 10 Saturday, 17 November 2018 00:00

Sri Lanka Telecom (SLT), the leading ICT service provider and the largest broadband service provider in the country successfully launched #ConnectSL, a knowledge sharing interactive forum to share information on industry changes and latest technologi


Bairaha offers not just a job, but a career

Views - 14 Saturday, 17 November 2018 00:00

Bairaha’s Human Resource team on 28 September, had an opportunity to participate in a grand event of Science Industry Interaction Cell (SIIC), which was ceremonially organised by the Science Faculty of the University of Peradeniya, branding it as t


100 winners ride away with Scan Jumbo Bonanza

Views - 6 Saturday, 17 November 2018 00:00

Sri Lanka’s favourite peanut brand Scan Jumbo Peanut concluded another Scan Jumbo Bonanza successfully for the fourth consecutive year. One hundred lucky winners received folding Mountain bicycles from the Scan Product Division of C. W. Mackie PLC


DHL ranked as one of World’s Best Workplaces of 2018, recognised by Great Place to Work

Views - 24 Saturday, 17 November 2018 00:00

DHL Express, the world leader in logistics and express delivery, has been recognised as the sixth best place to work globally in a 2018 employer ranking from Great Place to Work and FORTUNE. Every year, Great Place to Work, a global people analytics


Softlogic’s 2Q after tax profit swells to Rs. 2 b

Views - 104 Friday, 16 November 2018 00:00

Softlogic Holdings Plc has posted a Rs. 2.4 billion profit after taxation for the first half of FY2018/19 as against Rs. 677.9 million a year earlier. Quarterly PAT reached Rs. 2 billion, up from Rs. 248.2 million a year earlier. Consolidated turnov


Rupee falls to record low; stocks gain

Views - 49 Friday, 16 November 2018 00:00

REUTERS: The rupee fell to an all-time low on Thursday, continuing its record-setting spree, as political uncertainty outweighed the positive impact of a policy rate hike, sources said. Stocks closed firmer for a fourth session in five, but turnover


Colombo Rubber Traders’ Association Centennial Celebration Charity Auction

Views - 27 Friday, 16 November 2018 00:00

The Colombo Rubber Traders’ Association (CRTA) of the Ceylon Chamber of Commerce, which represents the interest of Sri Lanka’s rubber industry, was inaugurated on 27 November 1918. The Association celebrates its 100th anniversary on 27 November 2


Activity continues in secondary bond market

Views - 42 Friday, 16 November 2018 00:00

By Wealth Trust Securities The secondary bond market remained active yesterday with trades witnessed across the yield curve. On the short end of the yield curve, buying interest on the 01.08.21, 15.07.23 and 01.08.24 maturities saw its yields declin


Manufacturing and Services increase in Oct.

Views - 41 Friday, 16 November 2018 00:00

All the sub-indices of Purchasing Managers Index (PMI) Manufacturing recorded values above the neutral 50.0 threshold, signalling an overall expansion in October compared to September, the Central Bank said in a statement. The improvement observed


Fuel prices slashed by Rs. 5

Views - 39 Friday, 16 November 2018 00:00

Fuel prices were slashed by Rs. 5 from midnight after discussions between the Finance Ministry and Petroleum Resources Ministry. Accordingly, both normal and super diesel were reduced by Rs. 5 while petrol and super petrol were also slashed by Rs. 5


Asite Talwatte appointed to NSB Board

Views - 41 Friday, 16 November 2018 00:00

Asite Talwatte, a top professional and a veteran in the corporate world, has been appointed to the Board of National Savings Bank by the Minister of Finance and Economic Affairs. Talwatte joined Ernst & Young where he worked in Assurance, Business R


Business Today holds TOP 30 2017-2018 & Business Today

Views - 272 Thursday, 15 November 2018 00:10

Special Recognition Awards Business Today recognised the TOP 30 best performing corporates in Sri Lanka for 2017-2018 on Monday, reflecting the steady growth in a country transforming on many fronts. Having introduced the Business Today Passionate s


Aviation Secy. appointed as Srilankan Airlines Chairman

Views - 42 Thursday, 15 November 2018 00:10

G.S. Vithanage, Secretary to the Ministry of Transport and Civil Aviation, was appointed as Srilankan Airlines Chairman and as a member of the SriLankan Board by Treasury Secretary S.R. Attygalle yesterday with effect from yesterday. The appointment


Sri Lanka participates in China International Import Expo

Views - 34 Thursday, 15 November 2018 00:00

Sri Lanka participated in the first China International Import Expo (CIIE) held in Shanghai from 5-10 November. A total of 172 countries from five continents as well as international organisations showcased their development achievements and interna


Aitken Spence improves performance in the second quarter

Views - 56 Thursday, 15 November 2018 00:00

Leading conglomerate Aitken Spence PLC’s financial results, released to the Colombo Stock Exchange, revealed quarterly revenue increasing year-on-year (YoY) to Rs. 12.41 billion from Rs. 12.27 billion, while revenue for the six months was Rs. 22.98


Hayleys surpasses Rs. 100 b turnover in first half

Views - 648 Wednesday, 14 November 2018 00:00

Fuelled by topline growth across all of its key business segments, leading diversified conglomerate Hayleys Plc posted a 65% Year-on-Year (YoY) increase in turnover up to Rs. 103 billion for the six-month period ending 30 September 2018. The group po


Felicitation dinner and get-together 2018 of Sustainable Energy Engineering

Views - 29 Wednesday, 14 November 2018 00:00

The Felicitation Dinner and Get-together 2018 of the Alumni Association of Sustainable Energy Engineering (Worldwide) Sri Lanka (ASEEWSL) will be held at Solis Hotel, Pitakotte on 15 November from 5 p.m. to 10 p.m. The objective of the event is to s


Hemas Holdings Plc’s operating profit up by 22.5%

Views - 563 Wednesday, 14 November 2018 00:00

The Hemas Holdings Group said yesterday it had recorded consolidated revenue of Rs. 30 billion for the first six months ended 30 September 2018, a year-on-year (YoY) growth of 33% driven by the recent acquisition of Atlas and its healthcare sector.


SL economy resilient: CB Chief

Views - 147 Wednesday, 14 November 2018 00:00

By Charumini de Silva Central Bank Governor Dr. Indrajit Coomaraswamy yesterday sought to rest concerns of economic turmoil in Sri Lanka, assuring that macroeconomic fundamentals remained strong and the Government remained on track to meet debt repay


76th Executive Committee of SAARC CCI

Views - 28 Tuesday, 13 November 2018 01:01

The 76th Executive Committee of SAARC CCI was held in Chennai on 10 November and the leading businessmen from South Asian countries, gathered at Radison Blu Hotel. SAARC CCI President Ruwan Edirisinghe chaired the meeting and finalised the action pla


Sri Lanka-France Business Council welcomes new French Ambassador Eric Lavertu

Views - 34 Tuesday, 13 November 2018 01:00

The Sri Lanka-France Business Council of the Ceylon Chamber of Commerce organised an evening of cocktails and networking on 7 November to welcome the new Ambassador of France Eric Lavertu to Sri Lanka. Ambassador Lavertu presented his credentials to


Union Chemicals Lanka clinches Bronze at Presidential Environmental Awards 2018

Views - 15 Tuesday, 13 November 2018 00:59

Union Chemicals Lanka clinched Bronze at the Presidential Environmental Awards 2018, organised by the Central Environmental Authority (CEA) at the BMICH in line with the inauguration of Sri Lanka NEXT ‘Blue Green Era’ conference on 19 October. Th


Sri Lanka Telecom wins three awards at 32nd International ARC Awards

Views - 18 Tuesday, 13 November 2018 00:58

Sri Lanka Telecom (SLT), the National ICT Solutions Provider in the country was the proud winner of three awards for the company’s Annual Report 2017 at the prestigious International ARC Awards 2018, held in Hamburg, Germany recently. Company Secr


Singer first half revenue increases by 14% to Rs. 28.6 b

Views - 76 Tuesday, 13 November 2018 00:58

Singer (Sri Lanka) PLC announced today its results for the first half ended 30 September. Despite tough business conditions, the results for the six months showed a commendable revenue growth of 14% to Rs. 28.6 billion compared to the same period i


Vidullanka sells shares held in Udaka Energy Group for Rs. 15.5 m

Views - 50 Tuesday, 13 November 2018 00:57

Vidullanka PLC, in an announcement to the Stock Exchange, disclosed the disposal of the 50% of the shares held in Udaka Energy Group Ltd., for a consideration of Rs. 15.5 million to Midland Energy Ltd. The Udaka Energy owns and operates the Haloya M


Economic Association postpones annual session

Views - 17 Tuesday, 13 November 2018 00:57

The Sri Lanka Economic Association (SLEA)’s annual sessions scheduled for 16 to 17 November has been postponed due to an unavoidable circumstance. SLEA said the rescheduled dates of the annual sessions will be revealed in due course. The program a


Today's Columnists

Taking sides – on the side of the law

Monday, 19 November 2018

I am under criticism for “taking sides” in the ongoing dispute between the UNF and UPFA. Former President Mahinda Rajapaksa has accused me thus: “Yesterday a commissioner from the Elections Commission went to the Supreme Court saying that the P


Hang the House! It’s OUR country, future, etc.

Monday, 19 November 2018

I have rarely if ever empathised with the Sri Lanka Police Department. But when I saw those hapless cops ducking chilli bombs in Parliament, my heart went out to those whom I had previously seen as simply being PC Plods or Mr Goons. Sorry to say that


The only way out

Monday, 19 November 2018

Leaving aside the legalities, politicalities, constitutionalities and the complexities of the current imbroglio in which the nation is grounded (temporarily), the underlying issues in the constitutional crisis can be reduced to one single question: a


Man-made constitutional crisis: Personal vendettas should not be allowed to destroy the country

Monday, 19 November 2018

President is simply one presiding over an entity of people It all came to surface as the culmination of a personal vendetta between President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe. The country at large knew of it when the Pre


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