Business

EFC supports advancement of a global entrepreneurship ecosystem

Views - 22 Thursday, 16 November 2017 00:20

Global Entrepreneurship Week (GEW) 2017 which is held from 13 to 19 November this year is celebrating 10 years of unleashing ideas and creating one global entrepreneurship ecosystem through its events and activities. Since its launch in 2008, GEW ha


PM inaugurates Intex South Asia 2017

Views - 35 Thursday, 16 November 2017 00:00

The third edition of Intex South Asia, the largest and only international textile sourcing show in South Asia for yarns, apparel fabrics, denims, accessories and allied services, was inaugurated by Prime Minister Ranil Wickremesinghe at the Sri Lanka


Ceylon Chamber discussion on greater potential for Indo-Lanka economic ties

Views - 36 Wednesday, 15 November 2017 00:22

The Ceylon Chamber of Commerce will host a discussion titled ‘Greater Potential for Sri Lanka-India Economic Relations’, with the presence of Dr. S. Narayan, the former Economic Adviser to the Prime Minister of India, who


Association of Laminated Packaging Manufacturers raises concern over 2018 Budget

Views - 40 Wednesday, 15 November 2017 00:21

Sri Lanka Laminated Flexible Packaging Manufacturers’ Association in a media statement yesterday about the tax increase on packaging raw materials under the proposed budget, says that the tax increase will only have a


Former Indian Finance Secy. to speak on Indo-SL economic relations

Views - 22 Wednesday, 15 November 2017 00:07

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Institute of Policy Studies of Sri Lanka (IPS) will host a joint lecture by Dr. S. Narayan, former Finance Secretary of


DSI wins Gold at International Quality Circles Convention in Manila

Views - 16 Wednesday, 15 November 2017 00:04

Representing Sri Lanka with 2 Quality Circles, the DSI Samson Group emerged as the Gold Award winners at the recently concluded International Quality and Productivity Convention 2017, which was conducted by the


1st forum on Maritime Cities & Logistics Corridors of Western Province Megapolis Project

Views - 18 Wednesday, 15 November 2017 00:02

As the country embarks on a mission to make Sri Lanka the hub of the Indian Ocean for trade, commerce and logistics, the Western province megapolis will be a key factor to understand the planned logistics and maritime


LAUGFS Gas Plc gears up for long-term growth backed by strong investment

Views - 65 Wednesday, 15 November 2017 00:01

LAUGFS Gas Plc recorded healthy growth of 49% in turnover for the first half of 2017/18 driven by the group’s long- and medium-term strategic growth drivers.


Sri Lanka-Russia Business Council holds 14th AGM

Views - 21 Wednesday, 15 November 2017 00:00

The 14th Annual General Meeting (AGM) of the Sri Lanka-Russia Business Council (SLRBC) of the Ceylon Chamber of Commerce was held recently, electing Priyantha Hapuarachchi as President for 2017/2018.


Vehicle importers to lobby for revision in taxes for hybrid cars

Views - 260 Tuesday, 14 November 2017 00:00

Vehicle importers plan to lobby the Finance Ministry to revise the increase in unit tax imposed on vehicles with a 1,500 cc engine capacity


Hemas achieves 11.6% revenue growth

Views - 178 Tuesday, 14 November 2017 00:00

Hemas Holdings PLC (HHL) and its subsidiaries achieved a consolidated revenue of Rs. 23 b, a year-on-year (YoY) growth of 11.6%, and profit attributable to equity holders


New paradigm by Ceylon Tapes in adhesive tapes industry

Views - 15 Tuesday, 14 November 2017 00:00

Ceylon Tapes Ltd., the pioneer adhesive tape producer in Sri Lanka and a fully owned subsidiary of Lankem Ceylon PLC was recently awarded the ISO 9001:2015, ISO 22000:2005, GMP and HACCP certifications by


National Export Strategy for Sri Lanka: Prerequisite for economic development

Views - 55 Tuesday, 14 November 2017 00:00

Sri Lanka’s economy needs to transform itself to ensure that the nation’s aspirations to reach higher middle income status by the year 2020 are met and achieved. This transformation can take place by introducing innovative and


Indian CEO Forum urges Indian private sector to take advantage of opportunities in Budget, Vision 20

Views - 151 Tuesday, 14 November 2017 00:00

The Indian CEO Forum welcomes the proposals made by the Finance Minister for the forthcoming year through the new Budget


Ceylon Chamber welcomes 2018 Budget but urges focus on monitoring effective implementation

Views - 23 Tuesday, 14 November 2017 00:00

The Ceylon Chamber of Commerce via a statement yesterday greeted the 2018 Budget with great enthusiasm before going on to underscore the importance of its proper implementation.


NCCSL hails Budget but raises concerns over Govt. revenue streams

Views - 17 Tuesday, 14 November 2017 00:00

The National Chamber of Commerce of Sri Lanka (NCCSL) yesterday welcomed the 2018 Budget proposals but raised concerns over the medium- to long-term policy consistency of the Government’s revenue streams.


Ceylon Chamber strengthens business between Sri Lanka and Saudi Arabia

Views - 51 Monday, 13 November 2017 00:00

A 15-member business delegation organised by the Ceylon Chamber of Commerce visited Riyadh to further promote trade, investment and tourism between Sri Lanka and Saudi Arabia from 28 October-1 November.


Progressive and business-friendly Budget: Intl. Chamber of Commerce SL

Views - 63 Monday, 13 November 2017 00:00

The International Chamber of Commerce (ICC) Sri Lanka has commended the 2018 Budget as being “progressive and business-friendly”.


David Bent to keynote Ceylon Chamber of Commerce 2017 ‘Best Corporate Citizen Sustainability Awards’

Views - 30 Saturday, 11 November 2017 00:03

David Bent, world-leading advisor on sustainable business based in the UK, specialist member of Good Karma Consultants, will deliver the keynote address at the ‘Best Corporate Citizen Sustainability Award 2017’ of the Ceylon Chamber of Commerce,


SL’s mobile broadband market gathers pace, fixed broadband penetration remains very low

Views - 31 Saturday, 11 November 2017 00:00

Sri Lanka’s internet market will see a moderate growth over the next five years as the market is now moving from 4G towards 5G mobile services, a recently released market report says.


Expolanka improves Q2 performance amidst challenging external environment

Views - 27 Saturday, 11 November 2017 00:00

Leading logistics provider Expolanka Holdings announced its second quarter performance for 2017, delivering year on year revenue and gross profit growth amidst a challenging climate for business globally.


Carmart delivers SINOTRUK Port Tractors to Hambantota Port

Views - 35 Saturday, 11 November 2017 00:00

Carmart Ltd. has successfully delivered new SINOTRUK port tractors to the Sri Lanka Ports Authority (SLPA). Marking the first time that these vehicles have been used by the SLPA, these trucks will now join the heavy


Fanam International dives into relish of NCE Exports Excellence Award

Views - 7 Saturday, 11 November 2017 00:00

Fanam International Ltd., a leading company in the Sri Lankan organic compost fertilisers exports trade, was deservedly honoured with the Bronze Award in ‘Fisheries and Livestock of the Agriculture Value Added Sector’ at the NCE Exports Excellenc


‘Kotagala Kahata – Rasa Wasana’ consumer promotion comes to successful conclusion

Views - 11 Saturday, 11 November 2017 00:00

The ‘Kotagala Kahata – Rasa Wasana’ consumer promotion, which took place from 22 June to 25 August, recently came to a successful conclusion. 20 TVS Scooty Peps were awarded to the winners of the competition at a special prize giving ceremony o


Business design consultancy Consulus Global in Sri Lanka with Hummingbird International

Views - 70 Friday, 10 November 2017 00:00

In response to the relentless speed of change and the impending disruption that Industry 4.0 will bring to business and the global community, Hummingbird International, which was a representative of Consulus Global, had its


Tradefirst attends Leister World Sales Conference in Switzerland

Views - 18 Friday, 10 November 2017 00:00

The global market leader in plastic welding and industrial hot air applications, Leister Technologies AG, held its global sales conference recently in Lucerne, Switzerland.


Impact of 2018 Budget on key listed sectors

Views - 1095 Friday, 10 November 2017 00:00

The 2018 budget proposals (i.e. Second Reading of the Appropriation Bill) were presented to the parliament on 9 November 2017 by Minister of Finance and Mass Media Mangala Samaraweera.


SL targets banks, vehicles for 2018 revenue after fiscal slip

Views - 63 Friday, 10 November 2017 00:00

Reuters - Sri Lanka imposed new taxes on motor vehicles, telecoms, banks and liquor in a bid to boost revenues in its 2018 budget outlined on Thursday, as the budget deficit for the current year slipped to 5.2% of the gross


Land prices up 13% in 1H

Views - 92 Friday, 10 November 2017 00:00

In order to monitor the developments in the real estate sector, the Central Bank of Sri Lanka (CBSL) has been compiling and analysing several indicators.


Biomass Terminal inaugurated in Homagama

Views - 49 Friday, 10 November 2017 00:00

A Biomass Terminal was inaugurated last evening in Homagama, Colombo by Power and Renewable Energy Deputy Minister Ajith P. Perera.


Today's Columnists

Constitutional reform – A reply to Dr. Wijeyadasa Rajapaksa

Wednesday, 22 November 2017

The lengthy article by Dr. Wijeyadasa Rajapakshe PC on constitutional reform published in the newspapers recently appears to contain several errors of fact and of law


Ranil’s reluctant tryst with truth

Wednesday, 22 November 2017

Twenty years ago in 1998, Dr. Jayadeva Uyangoda writing in the periodical ‘Frontline’ traced our peculiar path of progress in the 50 years of independence


Omni-Channel Synchroniser for banks and financial institutions: An vision to simplify banking

Wednesday, 22 November 2017

Today, as a society we are noticing a historical shift from cash-based transactions to digitisation of financial transactions, and from the use of traditional banking channels to e-channels.


Extending the net of AML/CFT: The need for public awareness

Tuesday, 21 November 2017

By Press Notice, the Central Bank of Sri Lanka (CBSL) through its Financial Intelligence Unit(FIU), has drawn the attention of the public to “Extraordinary Gazette Notification No. 2015/56 dated April 21, 2017 prescribing


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