Business

Discussion on Belt and Road Initiative, challenges and way forward

Views - 59 Wednesday, 22 January 2020 02:18

The Ceylon Chamber of Commerce together with the Pathfinder Foundation will hold an informative discussion on the Belt and Road Initiative (BRI) on 27 January. The BRI program initiated by the Chinese Government aims to connect Asia with Africa and E


IFAC President Dr. In-Ki Joo in Sri Lanka

Views - 33 Wednesday, 22 January 2020 02:17

Signalling a fresh boost to the ties enjoyed between the global organisation for the accountancy profession and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), the incumbent President of the International Federation of Accountants


‘fromSriLanka.com’: New era for Sri Lankan products in the global market

Views - 97 Tuesday, 21 January 2020 00:00

The National Chamber of Commerce of Sri Lanka is proud and happy to announce the launch of ‘fromSriLanka.com’ platform, aimed at supporting Sri Lankan companies to promote their products and services into the global market. Sri Lanka is best know


International exposure for Sri Lankan boat manufacturers at ‘Boot Show’ – Dusseldorf, Germany

Views - 260 Tuesday, 21 January 2020 00:00

The delegation of German Industry and Commerce in Sri Lanka (AHK Sri Lanka) together with the Export Development Board (EDB) organised the first-ever Sri Lankan pavilion at the world’s leading boat exhibition ‘Boot Show’ in Dusseldorf, Germany.


Common wastewater treatment plant expansion project for Seethawaka EPZ

Views - 66 Tuesday, 21 January 2020 00:00

Cabinet last week approved a proposal by the Minister of Industrial Export and Investment Promotion Prasanna Ranatunga to implement the ‘Augmentation of the Common Wastewater Treatment Plant’ project at the Seethawaka Export Processing Zone, to d


Sri Lanka COSMI Founder President appointed to London’s Peace Institute

Views - 26 Tuesday, 21 January 2020 00:00

The Founder President of Sri Lanka’s Confederation of Micro, Small and Medium Industries (COSMI) has been appointed as the Co-Chairperson of the London-based Global Peace Institute (GPI) which conducts interdisciplinary research in several thema


EDB Chairman meets country’s leading apparel exporters

Views - 329 Tuesday, 21 January 2020 00:00

Prabhash Subasinghe, the newly-appointed Chairman of the Sri Lanka Export Development Board (EDB), met with the nation’s leading apparel exporters last Friday (17) at the Board premises. At the outset, Subasinghe expressed his gratitude to the Sri


Norway to host panel discussion on clean energy investments in Sri Lanka

Views - 61 Tuesday, 21 January 2020 00:00

The Norwegian Embassy in Colombo in partnership with the University of Jaffna and the Western Norway University of Applied Sciences is hosting an expert panel discussion titled ‘A new Decade: Investing in Clean Energy in Sri Lanka – Drivers and B


China XD Group ready to invest in 200 MW renewable energy plant

Views - 100 Tuesday, 21 January 2020 00:00

China XD Group, the largest State-owned power transmission line equipment manufacturing company in China, visited Sri Lanka to explore opportunity in renewable energy. China XD Asia Business Development Head Tao and his team along with Powerdrive Tec


Forum on Sri Lanka’s Economic Direction 2020 and Beyond

Views - 80 Tuesday, 21 January 2020 00:00

A forum discussing Sri Lanka’s economic direction for 2020, organised by the Sri Lanka-Malaysia Business Council, will take place on 27 January. The event will include some of the country’s key business and economic leaders, who will discuss the


“We can’t wait”: Maldives desperate for funds as islands risk going under

Views - 32 Tuesday, 21 January 2020 00:00

NEW DELHI (Reuters): The tropical Maldives may lose entire islands unless it can quickly access cheap financing to fight the impact of climate change, its foreign minister said.


Jagath Perera appointed Chairman of Lanka Transformers

Views - 93 Monday, 20 January 2020 04:04

The Transport Services, Electricity and Energy Ministry recently appointed Jagath Perera as the new Chairman of Lanka Transformers Ltd. The appointment letter was handed over to Perera last week by Transport Services, Electricity and Energy Minister


Trade deficit contraction continues

Views - 65 Monday, 20 January 2020 04:04

Central Bank on Friday said the trade deficit contracted marginally in November 2019 (year-on-year), with both imports and exports declining. During the first 11 months of 2019, the trade deficit contracted compared to the corresponding period in 20


Key regulations on fisheries industry to be debated in P’ment tomorrow

Views - 29 Monday, 20 January 2020 04:02

By Chandani Kirinde Parliament will take up for debate tomorrow nine regulations under the Fisheries and Aquatic Resources Act including the prohibition on disposal of industrial or domestic effluent directly or indirectly to Sri Lanka Waters.  Thes


Grundfos’ new cloud-based service app to reduce downtime for Thailand’s critical infrastructure

Views - 23 Monday, 20 January 2020 03:50

In line with Thailand’s transformation into a digital economy, global pump manufacturer Grundfos today announced the launch of its new cloud-based service app in Thailand to reduce downtime for key infrastructure in the country. The growth of consu


Future thinkers at Ambiente 2020

Views - 15 Monday, 20 January 2020 03:50

The Future Thinkers are not simply students at the Fontys University of Applied Science in the Netherlands. They are above all professional trend watchers. As before, they will be sharing their knowledge with trade visitors at Ambiente 2020 in Frankf


Govt. to take quick measures to address microfinance irregularities

Views - 31 Saturday, 18 January 2020 00:10

The Government this week said immediate attention would be paid to resolving issues pertaining to microfinance loan scams, noting that swift measures were being taken to free people of this burden. “After many years, the Finance Ministry and the Ce


Mobitel and ‘CareerMe’ take on mantle of career guidance for students, teachers and parents

Views - 57 Saturday, 18 January 2020 00:04

Reiterating its pledge in leading Sri Lanka towards an info com and knowledge rich society, Mobitel, Sri Lanka’s national mobile service provider, has partnered with ‘CareerMe’, a fully-fledged career guidance app and web platform developed by


Deepthi Plant Nursery bags Silver at Entrepreneurship Excellence Awards

Views - 20 Saturday, 18 January 2020 00:02

B.R. Anton Mendis, proprietor – Deepthi Plant Nursery, Polonnaruwa, was the proud winner of the Silver Award, Agricultural Sector, Medium Category at North Central Provincial Entrepreneurship Excellence Awards – 2019. Founded by B.W.K. Mendis, fa


Jaffna International Trade Fair 2020 opens on 24 January

Views - 38 Saturday, 18 January 2020 00:00

The Jaffna International Trade Fair 2020, known to be the biggest and only one of its kind events in the Northern Province open to the general public from the north-east and other parts of the country, will be held to coincide with the Thai Pongal Fe


NDB Wealth promotes golden returns

Views - 34 Saturday, 18 January 2020 00:00

This festive season, NDB Wealth invites everyone to celebrate the joy and abundance of Thai Pongal, the first harvest of the season in its full measure. This traditional festival dating back over 2,000 years is commemorated with the boiling of the f


SLT to power EDEX 2020 as Telecommunication Partner

Views - 11 Saturday, 18 January 2020 00:00

Sri Lanka Telecom (SLT) is proud to announce that the company will be powering EDEX 2020, Sri Lanka’s largest education exhibition and job fair as the Telecommunication Services Provider. EDEX Expo, conducted for the 17th consecutive year, is sched


Sands Active to boost pharmaceuticals manufacturing under new BOI deal

Views - 113 Friday, 17 January 2020 00:00

The Board of Investment of Sri Lanka has signed an agreement with Sands Active Ltd., to set up a project for the manufacture of pharmaceutical products for the local market to meet the current national requirement of imports substitution of medicinal


Supply of fuel from CPC to CEB to be increased

Views - 41 Friday, 17 January 2020 00:00

Steps will be taken to increase the limit of fuel provided to the Ceylon Electricity Board (CEB) by the Ceylon Petroleum Corporation from the current limit of Rs. 80 billion to Rs. 90 billion, following a request from the CEB. In a statement issued y


Dialog launches ‘SAVIYA’, mobile advisory service for dairy farmers

Views - 43 Friday, 17 January 2020 00:00

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, announced the launch of ‘SAVIYA’, a mobile based advisory service for dairy farmers to improve dairy production capacity, quality of milk produced, and health of livestock. The serv


Singaporean agri-business gets Cabinet nod for fertiliser procurement contract

Views - 148 Friday, 17 January 2020 00:00

Singaporean agri-business Ameropa Asia Ltd. was recommended by the Standing Cabinet Appointed Procurement Committee (SCAPC) to award the tender for procuring a supply of 15,000 MT of Urea (Granular) to the Ceylon Fertiliser Company Ltd. and the Colom


Dulan wins Social Entrepreneur of the Year 2019

Views - 45 Friday, 17 January 2020 00:00

South Asia’s most excellent Social Entrepreneur of the Year 2019 has been awarded to Dulan Hettiarachchi in recognition of his remarkable initiative for building 52 houses across the island for the poor. He had been the think tank of the concept t


Daraz partners with Department of Samurdhi Development to uplift rural entrepreneurs

Views - 70 Thursday, 16 January 2020 02:06

Daraz Sri Lanka partnered with the Department of Samurdhi Development to enhance the economic engagement and success of entrepreneurs in rural Sri Lanka. Apart from leading the tech industry with mobile phone brands and other tech-related products, D


GSEA Sri Lanka seeks next generation of student entrepreneurs for 6th consecutive year

Views - 167 Thursday, 16 January 2020 02:02

The Global Student Entrepreneur Awards (GSEA) has played an influential role in Sri Lanka, enriching and empowering student entrepreneurs since 2015. Over the years, Sri Lanka has produced three global finalists. This year marks the sixth consecutive


To accolades for Sri Lanka tourism

Views - 74 Wednesday, 15 January 2020 01:18

The New Year 2020 kicked off with a fresh start and good vibes for Sri Lanka, for the island destination bagged its first award of the year, as Asia’s best destination for wildlife tourism at Top Asia Corporate ball 2019, which was held in Shangri-


Today's Columnists

Strategies towards the vision of ‘Clean Country – Green Environment’

Tuesday, 28 January 2020

Sri Lanka is a small island in South Asia. In early times, it was named the Pearl of the Indian Ocean. But what is happening to the pearl now? As a result of urbanisation and increase of population, environmental issues related to solid waste are inc


Has Sri Lanka really understood India’s economic potential?

Tuesday, 28 January 2020

India, a land with a diverse culture and heritage, is no doubt the centre of the South Asia that can take rest of the countries surrounding it to greater economic prosperity within the next few decades. This article is not a technical analysis of Ind


A challenge for President Gotabaya Rajapaksa: The societal, economic and political debt

Tuesday, 28 January 2020

The challenges before President Rajapaksa in balancing and striving towards balancing the societal, economic and political balance sheets is enormous. Although shown separately, these three are interconnected and interdependent, therefore requiring a


Gota’s ‘Viyathmaga’ to the future

Tuesday, 28 January 2020

Any critical assessment of President Gotabaya Rajapaksa must take into consideration the salient characteristics that make him stand out from the run-of-the-mill politicians who had occupied the peaks of power.


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