Business

ICRA Lanka revises rating of Hayleys to [SL] A+ (Stable) from [SL] AA- (Negative)

Views - 4 Monday, 24 June 2019 00:18

ICRA Lanka Ltd., a Subsidiary of ICRA Limited group company of Moody’s Investors Service, has assigned the issue rating of [SL]A+ (pronounced SL A plus1) with Stable outlook for the proposed Senior Unsecured Redeemable debenture program of Hayleys


SL proposes developing investment plan with Japan

Views - 67 Monday, 24 June 2019 00:15

The development of an investment plan between Sri Lanka and Japan was discussed during a high level meeting between Sri Lankan Prime Minister Ranil Wickremesinghe and Japanese Prime Minister’s Special Advisor Dr. Hiroto Izumi last week. Dr. Izumi r


Browns Thermal Engineering strengthens automotive product range with Bosch partnership

Views - 31 Monday, 24 June 2019 00:14

Browns Thermal Engineering Ltd. (BTEL), the manufacturing arm of Browns Group, recently signed an agreement with Roberts Bosch Lanka Ltd., the local subsidiary of global technology and services supplier Bosch. The agreement will make Browns a distrib


Sadaharitha drives inoculation campaign to produce high-quality Agarwood

Views - 18 Saturday, 22 June 2019 00:02

Sadaharitha Plantations Ltd., as the nation’s pioneer in commercial forestry and exclusive patent holder for the commercial production of Agarwood commenced a novel inoculation drive recently to ensure the production of the high-quality


Fitch affirms Sunshine Holdings at ‘A-(lka)’; outlook stable

Views - 26 Saturday, 22 June 2019 00:01

Fitch Ratings has affirmed Sri Lanka-based Sunshine Holdings PLC’s National Long-Term Rating at ‘A-(lka)’. The outlook is stable. The affirmation reflects the company’s improved business-risk profile after exiting its tea-plantation business,


NCE Past President Sarada De Silva to address WTO – Aid-for-Trade Global Review 2019

Views - 8 Saturday, 22 June 2019 00:01

National Chamber of Exporters (NCE) Past President, Management Committee Member and Council Member, and Spice Council of Sri Lanka, Ceylon Cinnamon Association, and Ceylon Cinnamon Geographical Association Founder Chairman Sarada De Silva has been in


Daraz Mobile Week brings back exclusive deals

Views - 20 Saturday, 22 June 2019 00:00

Those who have experienced Daraz Mobile Week, previously, need no explanation about its magnitude in offering the best prices, discounts and exclusive deals on leading smartphones and accessories, as no other online sale does. The 2019 Daraz Mobile


Emirates commits to reducing single-use plastic on board

Views - 15 Saturday, 22 June 2019 00:00

Emirates has made a network-wide commitment to reduce single-use plastics on board its aircraft. As of 1 June, eco-friendly paper straws have been introduced and all Emirates flights will soon be plastic straw-free. The airline has b


Power purchases from Ace Power caused losses to CEB: JVP

Views - 62 Friday, 21 June 2019 00:00

Extending a power purchase agreement with Ace Power Embilipitiya Ltd. has led the Ceylon Electricity Board (CEB) to incur a considerable loss over the years, Opposition lawmaker Sunil Handunnetti held in the Parliament yesterday. Even though the agre


SGH Holdings Japan awards freight and logistics arm EFL for outstanding innovation

Views - 25 Friday, 21 June 2019 00:00

Japanese conglomerate and parent company SGH Holdings awarded EFL (Expolanka Freight) with the ‘Outstanding Performance Award’ for their transformative Robotic Process Automation (RPA) project at the recently completed Global Innovation Competiti


No plans to retake Sevanagala: Daya Gamage

Views - 55 Friday, 21 June 2019 00:00

By Ashwin Hemmathagama – Our Lobby Correspondent Tycoon-turned-politician, Primary Industries and Social Empowerment Minister Daya Gamage yesterday insisted he would not be resuming management of Sevanagala Sugar Industries even though the controve


Special offers at the Jaguar and Land Rover Open Weekend

Views - 48 Friday, 21 June 2019 00:00

SML Frontier Automotive, a member of the Access Group and sole agents for Jaguar Land Rover in Sri Lanka, will be hosting its ‘Jaguar Land Rover Open Weekend’ from 22-23 June from 9 am to 5 pm. Customers will be able to experience the unmatched d


Sri Lanka Association of Printers honours Immediate Past President Veerasamy Kumaran

Views - 11 Friday, 21 June 2019 00:00

A photograph of Sri Lanka Association of Printers Immediate Past President Veerasamy Kumaran was placed on the Wall of Honour at the secretariat by the Past Presidents Messrs.


Delegation from National Chamber of Exporters visits Oslo

Views - 54 Thursday, 20 June 2019 00:00

A trade delegation from the National Chamber of Exporters of Sri Lanka, which has a membership of over 850 export-oriented member companies, led by Secretary General and CEO Shiham Marikar, visited Oslo from 13 to 16 June. The delegation whic


Sagala attends 4th German-Asian Business Dialogue

Views - 25 Thursday, 20 June 2019 00:00

The fourth German-Asian Business Dialogue was held on 5 June at the Alliance Forum in Berlin. Chief of Staff of the Prime Minister and Minister of Ports and Shipping Sagala Ratnayaka, attended the Dialogue as a special guest and was a panellist at th


Business Women Wing of Gujarat Chamber of Commerce to expand trade, investment with Sri Lanka

Views - 32 Thursday, 20 June 2019 00:00

A delegation led by the Chairperson of the Business Women Wing of the Gujarat Chamber of Commerce and Industry Hemlata C. Bhoota called on Sri Lanka High Commissioner to India Austin Fernando recently. The main objective of the meeting was to discuss


“Co-working is a solution for the millennial work-life balance”: Lambah

Views - 35 Thursday, 20 June 2019 00:00

The demand for shared work spaces is growing in large multiples, within the commercial office or real estate segment. In other words ‘co-working’ is growing in leaps and bound in double digits in year over year, opined Regus Country Manager India


MTI holds Regional Analysts Huddle in Sri Lanka

Views - 45 Thursday, 20 June 2019 00:00

MTI’s South Asian Consulting Analysts from India, Bangladesh and Sri Lanka converged at the Jetwing Beach in Negombo for their Regional Analysts Huddle this week. “Analytics is playing an increasingly critical role in developing our consulting so


COPE directives ignored by SriLankan

Views - 29 Thursday, 20 June 2019 00:00

Committee on Public Enterprises (CoPE) Chairman Sunil Handunnethi charged seven State-owned enterprises (SOEs), including SriLankan Airlines, were disregarding CoPE directives and continuing to waste public funds. Hector Kobbekaduwa Agrarian Resear


Collaborative workshop on tyre compounding and tyre technology in July

Views - 28 Thursday, 20 June 2019 00:00

EDB in collaboration with the Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) and Plastic and Rubber Institute of Sri Lanka (PRISL) will be organising a two-day workshop on Tyre Compounding and Tyre Technology, on 25


SAARC CCI Chief calls for greater, more meaningful cooperation between South Asia and China

Views - 78 Thursday, 20 June 2019 00:00

This was stated by SAARC Chamber of Commerce and Industry President Ruwan Edirisinghe during the opening ceremony of 14th China South Asia Business Forum (CSABF). The forum was organised in collaboration with China Council for Promotion of Internatio


Charith Group receives Business Excellence Award

Views - 30 Thursday, 20 June 2019 00:00

Acknowledging the eternal efforts of services provided for the better tomorrow in business world Sri Lanka, Charith Group of Companies achieved the coveted ‘Business Excellence Award’ from the ceremony held by All Ceylon Cultural Foundation at BM


Export Compliance Program by the UNIDO

Views - 66 Thursday, 20 June 2019 00:00

The Industrial Development Board (IDB), one of the institutional partners of the Export Compliance Program initiated by the United Nations Industrial Development Organisation (UNIDO) held a  meeting at the LAKKAM  Auditorium of the IDB recentl


MODSIT, USAID conduct Public-Private Dialogue on ‘Integrating into Global Trade’

Views - 75 Wednesday, 19 June 2019 00:28

The Ministry of Development Strategies (MoDSIT) together with the USAID-SAIL project hosted a Public-Private Dialogue (PPD) on Global Trade on Wednesday 12 June at Hotel Taj Samudra in Colombo. The event, titled, “Integrating into Global Trade –


23rd Presidential Export Awards Ceremony on 19 September

Views - 39 Wednesday, 19 June 2019 00:26

The Sri Lanka Export Development Board (EDB) is planning to hold the 23rd Presidential Export Awards Ceremony under the patronage of President Maithripala Sirisena on 19 September at the BMICH. EDB Market Development Director Anoma Premathilaka said


Ceylon Chamber event to focus on rebuilding business confidence

Views - 57 Tuesday, 18 June 2019 00:05

The Power of Interaction Series is a networking evening organised by the Ceylon Chamber of Commerce with the intention of providing its membership an opportunity to interact with Senior Government Officials of a particular sector. The first session


Participation at Expo 2020 Dubai to boost Sri Lanka

Views - 80 Tuesday, 18 June 2019 00:05

The Expo 2020 Dubai is a global trade exposition showcasing strengths, capabilities and innovation of over 180 countries and set to host over 25 million visitors from across the globe. Set to be one of the largest events ever to be staged in the Arab


Colombo Innovation Tower launches accelerator focused on sustainable design and technology startups

Views - 93 Tuesday, 18 June 2019 00:00

Colombo Innovation Tower has announced that its newly launched accelerator program is now accepting entries from startups incorporating sustainable design and technologies from the entire South Asian region. Poised to be the ultimate program for star


EDB supports SME food and beverage export entrepreneurs

Views - 99 Monday, 17 June 2019 00:41

The Sri Lanka Export Development Board, in collaboration with the Sri Lanka Embassy in Thailand, organised a technical exposure and capacity building program for 12 potential SME food and beverage export entrepreneurs coinciding with ‘THAIFEX – W


AMCHAM conducts workshop on effective security measures for corporates

Views - 39 Monday, 17 June 2019 00:38

The American Chamber of Commerce (AMCHAM) in Sri Lanka yesterday conducted a workshop titled ‘Effective Security Measures for Corporates’. This special security briefing was organised along with the US Embassy in Sri Lanka along with the support


Today's Columnists

Boycotting Muslim businesses and stoning offenders: Democracy fails when citizens fail to speak up

Monday, 24 June 2019

News was out last week that the Chief Prelate of the Asgiriya Chapter of Theravada Buddhism in Sri Lanka had made a controversial public pronouncement. I believe that he has mostly been misunderstood by his critics as well as his followers. The Vener


Perilous fear-mongering invades schools

Saturday, 22 June 2019

“It may be important to great thinkers to examine the world, to explain and despise it. But I think it is only important to love the world, not to despise it, not for us to hate each other, but to be able to regard the world and ourselves and all b


Laundering the Parliament

Friday, 21 June 2019

There are strict laws and rules in force to ensure the honesty and integrity of people’s representatives in all countries where there is a democratic system of governance. People’s representatives elected by public vote are prohibited to pursue b


SOFA/VFA: A worrying scenario

Friday, 21 June 2019

An unrestrained communal animosity towards ethnic and religious minorities, anchored in mythology and historical half-truths, and popularised by sections of the Buddhist clergy and a sectarian media have combined to drive Sri Lanka to a point where t


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