Business

Blackout disrupts Manhattan, darkens Broadway theatres

Views - 21 Monday, 15 July 2019 00:00

NEW YORK (Reuters): A wide swath of New York’s Manhattan borough was plunged into darkness Saturday after a transformer explosion knocked out power to subways, stores and Broadway theatres, but the city’s main utility said it had restored most po


Pakistani traders strike over IMF austerity measures

Views - 27 Monday, 15 July 2019 00:00

KARACHI, Pakistan (Reuters): Markets and wholesale merchants across Pakistan closed on Saturday in a strike by businesses against measures demanded by the International Monetary Fund (IMF) to crack down on tax evasion and bolster the country’s depl


China’s June exports, imports fall as trade war takes heavier toll

Views - 43 Monday, 15 July 2019 00:00

BEIJING (Reuters): China’s exports fell in June as the United States ramped up trade pressure, while imports shrank more than expected, pointing to further weakness in the world’s second-largest economy and slackening global growth. The gloomy tr


SLT inaugurates ‘CoderDojo @ SLT’ to lead nation backed by innovation

Views - 22 Saturday, 13 July 2019 00:10

National ICT solutions provider Sri Lanka Telecom PLC successfully inaugurated the ‘CoderDojo @ SLT’ – Coding and Digital making clubs at a special ceremony held at SLT training centre, Welisara, recently. The program is scheduled to be initiat


Jetwing Hotels reaffirms its commitment to empower youth on World Youth Skills Day

Views - 108 Saturday, 13 July 2019 00:05

Travel and tourism is one of the world’s largest employers. By 2026, approximately 86 million new jobs are expected to be filled globally. The future success of the industry depends on whether today’s youth are equipped with the right skills to m


Ayagama’s green leaf suppliers benefit from ComBank Financial Literacy Program

Views - 21 Saturday, 13 July 2019 00:05

The Commercial Bank of Ceylon recently conducted a Financial Literacy Program for a group of micro entrepreneurs consisting of green leaf suppliers in the Ayagama area, in collaboration with the Central Bank of Sri Lanka (CBSL). The bank’s objectiv


Omega Jokasou septic tank celebrates 3 years of sales in Sri Lanka

Views - 28 Saturday, 13 July 2019 00:01

Omega Jokasou septic tank, which is a permanent solution to problems related to toilets and drainage such as over flowing, having to call for gulley bowsers too often, damaging and erosion of toilet pit, bad smell and toxic gas emission, has gained a


Singer ushers new era in air conditioning solutions

Views - 23 Saturday, 13 July 2019 00:01

Singer Sri Lanka PLC, the country’s premier consumer durables retailer, announced that the company’s air conditioning business has grown rapidly as a result of the company’s extensive range of consumer offerings and unwavering service su


EDB Exporters’ Forums provide relief to businesses

Views - 39 Friday, 12 July 2019 00:00

The Sri Lanka Export Development Board (EDB) has been conducting the Exporters’ Forum since its inception from the late ’70s. The EDB has identified the need of a common platform to discuss and resolve the issues faced by the exporter community i


Embassy of Sri Lanka undertakes trade promotional visit to State of Goiás, Brazil

Views - 30 Friday, 12 July 2019 00:00

The Ambassador of Sri Lanka to the Federative Republic of Brazil, Musthafa M. Jaffeer undertook a visit to the city of Goiania, State capital of Goiás on 27 June as a part of the Economic Diplomacy programme of the Ministry of Foreign Affairs and to


EDB holds Training of Trainers program for development officers and regional officers

Views - 28 Friday, 12 July 2019 00:00

The Sri Lanka Export Development Board (EDB) launched a National Export Strategy (NES) recently under the patronage of the Ministry of Development Strategies and International Trade (MODSIT). The NES represents a timely catalyst through which the exp


CCC to launch ‘Best Corporate Citizen Sustainability Award,’ ‘Best Sustainability Projects Awards’

Views - 27 Friday, 12 July 2019 00:00

The Ceylon Chamber of Commerce will be launching the ‘Best Corporate Citizen Sustainability Award 2019’ and ‘Best Sustainability Projects Awards 2019’ (BCCS Award 2019) on 25 July at 2 p.m. at the chamber auditorium. The launch will include a


Sri Lanka-Malaysia Business Council: The journey of 25 years

Views - 45 Friday, 12 July 2019 00:00

The Malaysia-Sri Lanka Business Council of the Ceylon Chamber of Commerce (SLMBC) held its 25th year AGM and anniversary celebrations on 26 June at the Cinnamon Grand Hotel. The Chief Guest was the High Commissioner of Malaysia Tan Yang Thai. Malays


EDB implements capacity building program for SME jewellery manufacturers

Views - 40 Thursday, 11 July 2019 01:07

SME jewellery manufacturers play an important role in the gem and jewellery sector. However their contribution to exports is minimal due to a number of reasons. The two major factors which hinder the progress of the SMEs are the lack of awareness on


Dr. Howard Nicholas to share insights to current, future global and Lankan economies today

Views - 87 Thursday, 11 July 2019 01:05

Renowned Lankan-born economist Dr. Howard Nicholas, Senior Trainer at ETIS Lanka, will today share insights into current and future global and Sri Lankan economies at a seminar at the Lakshman Kadirgamar Institute – Lighthouse Auditorium at 3.30 p.


Hellmann MAS Supply Chain signs new deal with BOI

Views - 76 Thursday, 11 July 2019 01:04

The Board of Investment of Sri Lanka has signed an agreement with Hellman MAS Supply Chain Ltd., for an expansion unit for a logistics centre and as the existing facility is now been expanded to provide additional services to an evolving successful p


National Chamber and Sampath Bank workshops on ‘Start Your Own Business’

Views - 43 Thursday, 11 July 2019 01:03

The National Chamber of Commerce of Sri Lanka in association with Sampath Bank will be conducting a series of workshops in the provinces of Sri Lanka to familiarise youngsters on business entrepreneurship to assist them to start up their own business


Village Biz Fest: Celebrating village entrepreneurship

Views - 71 Wednesday, 10 July 2019 00:00

One hundred village entrepreneurs will assemble at the Green Path Colombo on 20 July (Saturday) to celebrate sustainable business models that promote coexistence when the first ever ‘Village Biz Festival’ takes place on 20 July, from 10 a.m. to 1


ACME rated ‘A’ Grade supplier of packaging material

Views - 51 Wednesday, 10 July 2019 00:00

ACME Printing and Packaging PLC has been rated as one of the best suppliers of flexible packaging material by Maliban Biscuits Manufactories Ltd. ACME, one of Sri Lanka’s pioneers in flexible packaging has been in the business for more than 70 yea


ASHRAE Chapter 171 holds successful AGM in Sri Lanka

Views - 353 Wednesday, 10 July 2019 00:00

The Sri Lankan chapter of the internationally reputed American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) recently held its AGM at Regent Country Club, Battaramulla. Prashantha Hewapathirana was elected as the new presi


PickMe Food launches in Kandy

Views - 55 Wednesday, 10 July 2019 00:00

PickMe Food, the latest venture of PickMe, Sri Lanka’s own technology-driven mobility solutions provider, launched their services in the city of Kandy. PickMe has already established a strong presence in Kandy with its ride-sharing services. PickMe


Sri Lanka FMCG products promoted in UAE

Views - 89 Wednesday, 10 July 2019 00:00

The Sri Lankan visiting delegation to Dubai for the signing of the official participation contract of Expo 2020 Dubai, has met with Kamal Vachani, Group Director of Al Maya Group, a main supermarket chain in the United Arab Emirates. The Sri Lanka de


Minister Ratnayaka inspects construction of SLPA’s new Maritime Facilitation Centre

Views - 87 Tuesday, 9 July 2019 00:28

Ports, Shipping and Southern Development Minister Sagala Ratnayaka has made a field visit to inspect the construction of the new Administrative Building (Maritime Facilitation Centre) of Sri Lanka Ports Authority (SLPA) yesterday. SLPA will be setti


N-joy pure white coconut oil re-launched

Views - 64 Monday, 8 July 2019 00:35

N-joy, the trusted coconut oil brand renowned for its pure white natural coconut oil, recently announced the re-launch of its coconut oil range. The only pure white coconut oil product to be certified by the Sri Lanka Standards Institute (SLSI) with


New heads appointed to two Treasury departments

Views - 74 Monday, 8 July 2019 00:33

The Ministry of Finance has announced that two new heads have been appointed to two Treasury departments. K.D. R Olga of the Sri Lanka Accountancy Service assumed duty as the Director General of the Treasury Operations Department. R.M. A. Rathnayaka,


#CarFreeCMB: A morning of open streets

Views - 412 Monday, 8 July 2019 00:03

The Colombo Municipal Council is partnering with The Embassy of the Kingdom of the Netherlands in Sri Lanka to pilot Colombo’s first ever car-free day. ‘CarFreeCMB’ will take place on Sunday, 14 July from 6 am to 12 noon. Join in on foot, bicyc


Business trends: Democratising data in the organisation

Views - 47 Monday, 8 July 2019 00:00

To draw maps and make decisions. GIS is a wonderful multi-faceted technology to help visualise current information and data meaningfully on a map to make better sense. As digital transformation spawns larger and more varied datasets, companies willi


AAT hosts seminar on Lessons from Military Leadership

Views - 79 Monday, 8 July 2019 00:00

The Association of Accounting Technicians of Sri Lanka (AAT Sri Lanka) recently hosted a seminar on Lessons from Military Leadership for the public and AAT members. The main objective of the seminar to outline the key attitudes and behavioural aspec


Randi Zuckerberg details how technology advanced business and lifestyles, but what is the tradeoff?

Views - 84 Monday, 8 July 2019 00:00

By Darshana Abayasingha The 2019 sessions of the World Business Forum in London paid considerable focus to digital media and the impact of social networks on lifestyles and business. Alongside the myriad of benefits they proffer, there are also consi


Beating the economic downturn: a PwC perspective

Views - 304 Monday, 8 July 2019 00:00

Sri Lanka is facing economic headwinds with a slowdown in GDP growth rate, depreciation of the rupee, changes in weather patterns, policy reforms and weak investor sentiment amidst the slow recovery from the recent unfortunate events on 4/21. Despite


Today's Columnists

Why are Sri Lankan passports so bad?

Wednesday, 24 July 2019

My children have two different passports, making them a sort of case study in the stupidity and ultimate cruelty of passports. My daughter has a white passport, so no visas required. My son has a brown passport and he has to prove that he’s not try


Concept of Free Zones and their economic importance

Wednesday, 24 July 2019

With the growth of cross broader international trade, economic liberalisation and relocation of manufacturing facilities to economical location in search of competitive advantages, the concept of Free Zones was born. Free Zones include varieties of F


Howard at the PIM

Wednesday, 24 July 2019

A number of very important people called to thank me for inviting them to the very popular presentation by Dr. Howard Nicholas. It was held on 18 July at the Postgraduate Institute of Management (PIM) auditorium. The title of the presentation was ‘


“Sri Lanka’s future lies in producing exportable manufactured goods”: Dr. Howard Nicholas

Monday, 22 July 2019

Drawing lessons from Vietnam’s experiences The Sri Lanka-born economist attached to The Hague based Institute of Social Studies – Dr. Howard Nicholas – addressing a packed audience consisting of the alumni of the Postgraduate Institute of Manag


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