Business

FACETS: Showcasing gems and jewellery to suit every taste

Views - 27 Tuesday, 28 May 2019 00:00

It’s that time of the year once again to announce the approach of the premier event of the gem and jewellery industry of Sri Lanka – the FACETS International Gem and Jewellery Exhibition. All are invited to visit the 29th edition of FACETS, which


Sri Lanka participates at Automechanika Dubai 2019

Views - 31 Tuesday, 28 May 2019 00:00

Two Sri Lankan companies Associated Ceat and Global Rubber Industries participated at Automechanika Dubai 2019, Middle East’s leading international trade fair for the automotive service industry. Automechanika Dubai in partnership with REIFEN –


21st Century Maritime Silk Road Exposition and Cross-Straits Fair for Economy and Trade, Fuzhou City

Views - 84 Tuesday, 28 May 2019 00:00

On the invitation of the Fujian Provincial People’s Government, the State Minister of Tourism Development, Wildlife and Christian Religious Affairs, Ranjith Aluwihara and Consul General of Sri Lanka in Guangzhou, participated at several important e


Biodiversity Sri Lanka to mark Intl. Day for Biological Diversity with agribusiness sector today

Views - 52 Friday, 24 May 2019 00:00

The International Day for Biological Diversity (IDB) is celebrated annually the world over, on 22 May, commemorating the adoption of the text of the Convention on Biological Diversity (CBD). The UN declared theme for IDB 2019, is ‘Our Biodiversity,


Business leaders converge on dynamic ‘Sri Lanka Forward’ forum

Views - 105 Friday, 24 May 2019 00:00

Making a strategic contribution to boosting business confidence and inspiring the business community, The Chartered Institute of Management Accountants (CIMA), Acclivity Training and Leo Burnett Sri Lanka are organising a compelling forum entitled


CGTTI and SLGTI receive state-of-the-art German equipment donation from Stassen Group

Views - 358 Friday, 24 May 2019 00:00

Initiative worth over Rs. 350 m to enhance industry-oriented vocational training Two German-supported vocational training institutions, Moratuwa-based Ceylon-German Technical Training Institute (CGTTI) and the Kilinochchi-based Sri Lanka-German Tra


Crysbro’s close links with farmers help uplift country’s rural economy

Views - 129 Friday, 24 May 2019 00:00

For 47 years, industry-leading and distinctly Sri Lankan chicken producer Crysbro has operated with a view to not only supply this essential meat to homes across the country but also lead and empower. Over time, as Crysbro swelled from a modest famil


Global Seafoods, BOI sign agreement to process Wakame seaweed

Views - 116 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 - 82 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 - 80 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


Piramal Glass turnover tops Rs.7 b

Views - 60 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 - 51 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 - 200 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 - 94 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 - 87 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 - 67 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 - 91 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 - 120 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 - 56 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 - 276 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 - 68 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 - 30 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 - 87 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 - 34 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 - 443 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 - 44 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 - 24 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 - 76 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 - 28 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 - 62 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


Today's Columnists

Soaring heights of NPLs in banking

Thursday, 27 June 2019

Capital inadequacy, political interference, abuse of power, wasteful and unproductive expenditure, corrupt deals, circumventions of regulatory directions, unscrupulous lending operations, imposed IMF and WB conditions for reforms, and window-dressed


New Land Policy: Ideal alternate development strategy, but accompanying policies needed

Thursday, 27 June 2019

It is reported that the Government has prepared a law to grant freehold possession of farm land held under lease from the Government. This may be a revision of the Land Development Ordinance (LDO) of 1935. This article proposes to discuss the pros a


Need for an education revolution: Future of our kids and the nation is at risk – Part II

Thursday, 27 June 2019

Lessons to be learnt from the Asian educational giants A journalist of New York Times requested Hideki Shirakawa, a Nobel laureate, to describe Japanese culture. He said, “Fundamentally, Japanese culture is based on rice farming. Rice cultivation r


Country’s reconciliation with English and Moragahakanda

Thursday, 27 June 2019

When the country received independence from British, it was blessed with an efficient administration, a high standard in education, and also sound foreign exchange reserves; the country was admired by other countries. The three major and several mino


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