Business,Front Page

Hyundai Motor appoints Abans Auto as authorised distributor for Sri Lanka

Views - 663 Monday, 16 September 2019 01:53

Hyundai Motor Company has announced Abans Auto as the authorised distributor for Sri Lanka. As the authorised distributor, Abans Auto will market and service the total model range of Hyundai Vehicles in Sri Lanka. The landmark agreement embodies Aba

Public Forum on ‘Professional Education – Imperative for Economic Growth’ today

Views - 16 Monday, 16 September 2019 01:52

The National Human Resources Development Council of Sri Lanka (NHRDC) together with the Chartered Institute of Management Accountants (CIMA), the International Institute of Health Sciences (IIHS) and the International Chamber of Commerce of Sri Lanka

European Commission team visits BOI Katunayaka EPZ

Views - 31 Monday, 16 September 2019 01:43

A delegation consisting of five senior officials of the European Commission visited the Katunayake Export Processing Zone recently in connection to Sri Lanka’s GSP+ status. The delegation consisting of Thorsten Bargfrede, Charged’ Affaires and He

Demand builds immediately for Sri Lanka’s first State-run automotive service hub

Views - 47 Monday, 16 September 2019 01:41

No sooner the first-ever State run Wheel Alignment Centre (WAC) for the four wheel light vehicle class was launched on 11 September, demand for its services peaked –that too, not from State-owned vehicles but from private vehicle owners hungry for

MTI strengthens East Africa credentials with associates and projects

Views - 19 Monday, 16 September 2019 01:39

MTI has appointed new associates in major East African markets Kenya and Ethiopia, and is in the process of finalising agreements from associates in Tanzania, Rwanda, Uganda and other key East African markets. The current associates of the East Afric

SLCSMI launches Industrial Excellence Awards 2019

Views - 12 Monday, 16 September 2019 01:38

The Sri Lanka Chamber of Small and Medium Industries (SLCSMI) will hold its flagship event ‘Industrial Excellence Awards 2019’ which fetes micro, small and medium enterprises for their achievements and contribution to Sri Lanka’s economic prosp

Sunshine Holdings to support CCC’s efforts in re-calibrating SL’s economic trajectory towards 2025

Views - 29 Monday, 16 September 2019 01:38

For the fifth consecutive year, Sri Lanka’s diversified conglomerate Sunshine Holdings PLC will support the country’s premier summit for key policymakers, business leaders, thought leaders and experts, the Economic Summit 2019. Hosted annually by

Ceylon Chamber concludes BCCS Awards applications briefing

Views - 13 Friday, 13 September 2019 00:00

The Ceylon Chamber of Commerce conducted a briefing session and a panel discussion on the application process of the Best Corporate Citizen Sustainability Awards (BCCS) 2019, recently. The prestigious competition has lined up an assembly of awards t

SriLankan bans Apple 15-inch MacBook Pro onboard due to safety risk

Views - 45 Friday, 13 September 2019 00:00

National carrier, SriLankan Airlines has joined the growing number of international airlines to ban the recalled Apple MacBook Pro laptops from cargo and carry-on luggage due to fire safety risk. Apple has determined that, in a limited number of olde

Packaging industry in fresh surge with e-commerce and Indo-Asia-Pac market swell

Views - 36 Thursday, 12 September 2019 01:12

A critical group of Sri Lankan industry sub-sectors is set to reap bigger gains riding on the surges in e-commerce as well as Indian and Asia-Pacific markets. For the first time, Sri Lanka SMEs are receiving Government’s direct support for their p

ITC unveils step-by-step procedures functionality for Sri Lanka Trade Information Portal

Views - 143 Thursday, 12 September 2019 01:10

Lack of transparency and predictability are key barriers to trade. Entrepreneurs often report that information on trade formalities are not adequately published and disseminated. This is further to reports that regulations or procedures are changed w

Six Lankan FMCG giants, CIT Labs to drive new biz wins through circular innovations

Views - 243 Thursday, 12 September 2019 00:02

CBL, Hemas, Cargills, Lion, Zesta and Atlas were among the leading FMCG companies that joined in for a one-week intense circular economy innovation workshop series led by Dutch experts from CIRCO made possible by AOD’s Dutch-Sri Lanka Innovation Co

Growth tips to offset disruption

Views - 49 Thursday, 12 September 2019 00:00

By Uditha Jayasinghe Policy consistency, an accommodative regulatory framework, better access to capital, and captive technology investment are some of the options Sri Lanka could target to enhance competitiveness and spur growth in the age of disru

Citra facilitates design thinking to operationalise Sri Lanka’s National Innovation Agency

Views - 28 Thursday, 12 September 2019 00:00

Citra Social Innovation Lab conducted several design thinking workshops on operationalising the National Innovation Agency (NIA) in Sri Lanka. The NIA passed by Cabinet in May is set to be launched in the coming months. As Sri Lanka’s first social

AAT Sri Lanka holds 17th Annual Conference

Views - 33 Wednesday, 11 September 2019 00:00

By Charumini de Silva The Association of Accounting Technicians of Sri Lanka (AAT) held its 17th Annual Conference in Colombo last week. The two-day conference titled ‘Success = (Accountant’s role + Entrepreneur’s expectations) * Mindfulness’

Conclave 2019 on 16 Sept. draws widespread foreign interest from different industries

Views - 39 Wednesday, 11 September 2019 00:00

As per registrations received to-date, there is a rise in interest shown for agriculture, power and energy, infrastructure development, export manufacturing/services, knowledge services and tourism/leisure, by delegates registered to attend the ‘Sr

AAT launches new website

Views - 65 Wednesday, 11 September 2019 00:00

The AAT Sri Lanka last week launched its new website ( at the Annual Conference by the Minister of Economic Reforms and Public Distribution Dr. Harsha de Silva. AAT Sri Lanka said its goal with this newly designed website is create a us

Exclusive insights from global specialists at Sri Lanka Economic Summit 2019

Views - 48 Wednesday, 11 September 2019 00:00

The Sri Lanka Economic Summit (SLES) will host several professionals from across the world on 17-18 September, to discuss topics concerning Sri Lanka’s economic trajectory, and how to establish a thriving economy by 2025. The two-day conference wil

CEB signs up Chinese firm to manufacture meter enclosures

Views - 148 Wednesday, 11 September 2019 00:00

The Ceylon Electricity Board has inked an agreement with Yiwu Farpie Power Transmission & Distribution Device Co. Ltd. of China to supply 25,000 meter enclosures for its distribution sub-stations located island-wide recently at its Head Office. USS E

Speaker suggests State enterprises must adopt integrated reporting to achieve good governance

Views - 52 Tuesday, 10 September 2019 01:36

By Ruwandi Gamage Speaker Karu Jayasuriya yesterday said that it is essential to implement the submission of integrated reporting in State enterprises to report value created using public funds and returns to promote good governance. The Speaker stat

Japanese firm to manufacture flexible packaging for tea industry

Views - 187 Tuesday, 10 September 2019 01:34

The Board of Investment of Sri Lanka signed an agreement with Sugano Packing Materials Co. Ltd., a Japanese company to establish a plant that will be manufacturing flexible packaging that will be utilised by, among other sectors, the local tea indust

Newly-appointed Ambassador of Netherlands pays courtesy call on Malik Samarawickrama

Views - 29 Tuesday, 10 September 2019 01:33

The newly-appointed Ambassador of Netherlands to Sri Lanka Tanja Gonggrijp paid a courtesy call on Minister of Development Strategies and International Trade Malik Samarawickrama at the Ministry. The discussions were held towards further strengthenin relocates Experience Centre to Wellawatta and expands with new Repair Centre

Views - 114 Monday, 9 September 2019 00:00

Sri Lanka’s pioneer e-commerce operator opened its new customer experience centre, Centre Stage, in Wellawatta recently. Aimed at offering a heightened level of service to customers, the Experience Centre now comes fully-geared with wOw’s

Caboo World App to revolutionise e-commerce industry in SL

Views - 415 Monday, 9 September 2019 00:00

Caboo World, Sri Lanka’s first multi-tasking e-commerce app, was launched last week with an investment of over $600,000 in a bid to connect entrepreneurs to gain access to global markets and to provide safer travel and better living for every citiz

CSR Lanka holds 6th AGM on ’Sustainable CSR in the Digital Age’

Views - 76 Monday, 9 September 2019 00:00

CSR Lanka Limited held its 6th Annual General Meeting (AGM) on 29 August from 4.00 pm onwards at The Ceylon Chamber of Commerce. The Chief Guest was Dr. Nirmal De Silva, a thought leader, a specialist in SME, social enterprise and leadership power pl

Event Management Association of Sri Lanka debuts

Views - 220 Monday, 9 September 2019 00:00

The event management industry has been in operation in Sri Lanka for a period of over 30 years, providing its valued services to State and private sector organisations. The Event Management Association of Sri Lanka (EMA) was launched recently in orde

CSE-GRI workshop series on sustainability reporting to commence 12 Sept.

Views - 66 Monday, 9 September 2019 00:00

The Colombo Stock Exchange (CSE), in collaboration with the Global Reporting Initiative (GRI) will hold the first workshop of the technical series titled “Preparing a Sustainability Report” on 12 September, from 9.30 a.m. to 3:30 p.m. at the Winc

The Employers’ Network on Disability forges work opportunities for youth

Views - 33 Monday, 9 September 2019 00:00

The Employers’ Network on Disability affiliated to the Employers’ Federation of Ceylon (EFC) has enabled several opportunities in the world of work for youth with disabilities. This year, many employment opportunities, internships and training ha

Why corporate reporting needs to evolve

Views - 82 Monday, 9 September 2019 00:00

By Barry Melancon CPA, CGMA Over the past two decades, we have experienced a major shift in the business landscape, fuelled by the rise of the digital economy. Today, intangible assets, such as software, data and customer relationships, often compris

Public Forum on ‘Professional Education – Imperative for Economic Growth’

Views - 86 Monday, 9 September 2019 00:00

The National Human Resources Development Council of Sri Lanka (NHRDC) together with the Chartered Institute of Management Accountants (CIMA), the International Institute of Health Sciences (IIHS), the International Chamber of Commerce of Sri Lanka (I

Today's Columnists

Industry 4.0, disruptive technology and MAS Matrix: An example for way forward in Sri Lanka

Monday, 16 September 2019

Technology has always been disruptive. When a new technology is introduced, it changes the way the humankind lives, behaves, earns, interacts and communicates. Some 10,000 years ago, when agriculture and animal breeding were domesticated through the

Radically reinvented reality: Relevance to Sri Lanka

Monday, 16 September 2019

I am delighted to be involved in the National HR Conference 2019, the largest HR event in South Asia. This time it is on the theme ‘Radically Reinvented Reality’. We need to take another look at the way we act institutionally and nationally, in u

Boeing in MAX-imum trouble

Monday, 16 September 2019

Boeing, America’s mighty aircraft manufacturer, is in deep trouble. The controversy surrounding the best-selling 737 MAX has refused to go away. The Federal Aviation Administration, the US aviation regulator, has spent over 110,000 hours addressing

Gotabaya Rajapaksa at Viyathmaga: Vision with an authoritarian zeal!

Monday, 16 September 2019

Gotabaya Rajapaksa has unveiled his national strategy or vision as a presidential candidate with an authoritarian zeal. This is clear from his Viyathmaga speech. He should be commended however for his fairly clear expression of views and objectives.

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