Business,Front Page

Overseas Realty records Rs. 1.4 b profit for 1Q

Views - 275 Monday, 13 May 2019 00:00

Overseas Realty (Ceylon) PLC recorded a Group Revenue of Rs. 2,341 million for the 1st Quarter ended 31 March, an increase of 67% over the corresponding period of last year. The Group Profit After Tax increased by 17% to Rs. 1,390 million. The Compan


Sri Lankan e-commerce revolution: Where small sellers win over big companies

Views - 93 Saturday, 11 May 2019 00:03

The Government of Sri Lanka’s National Digital Economy strategy partly focuses on encouraging entrepreneurship and start-ups that will support the country’s digital economic drive. The goal is to increase the number of small businesses that will


Pannipitiya Private Hospital expands dialysis services

Views - 21 Saturday, 11 May 2019 00:02

The premier private hospital in Sri Lanka, Pannipitiya Private Hospital has modernised its Dialysis Unit enabling more patients to receive dialysis treatment. Therefore renal patients could obtain dialysis treatment for a price unparallel to other ho


Seminar on Brexit by Ceylon Chamber on 24 May

Views - 32 Saturday, 11 May 2019 00:01

The Ceylon Chamber of Commerce will organise a seminar under the theme of ‘Brexit and its Implications to Sri Lanka’ on 24 May at the Chamber auditorium at 9 a.m. It serves as an important opportunity to understand both the outlook for the econom


SLT partners Yechee to power Athurugiriya Lotus Gardens Residencies with fibre connectivity

Views - 24 Saturday, 11 May 2019 00:01

Sri Lanka Telecom (SLT), leading telecommunication service provider in the country, entered into a partnership with Yechee Group Ltd., the professional steel construction service provider to power Lotus Gardens Residencies with SLT Smartline and Mega


Online shoppers, beware!

Views - 66 Saturday, 11 May 2019 00:01

Over the past five years, online shopping has become an increasingly popular option for Sri Lankan consumers. Several factors, including the advent of digital payments, enhanced convenience, and the ability to browse through a vast range of products


Sri Lanka’s top exporters and investors discuss current status of the country

Views - 258 Friday, 10 May 2019 00:00

As per the instructions of Minister of Development Strategies and International Trade Malik Samarawickrama, the Export Development Board organised a meeting with key exporters and investors on Friday 3 May at the 3rd Floor Auditorium to discuss the c


Polycrome launches Energizer LED bulbs at Build Expo 2019

Views - 33 Friday, 10 May 2019 00:00

Polycrome Electrical Industries Ltd, one of the leading manufacturers in the electrical industry, was the centre of attraction in the “Build SL Housing and Construction Expo 2019” exhibition held at BMICH, organised by Chamber of Construction Ind


Cenmetrix in the forefront addressing Sri Lanka’s security systems need

Views - 119 Friday, 10 May 2019 00:00

Security products offered by Cenmetrix include security access control, automated vehicle gate barriers, turnstiles, parking bollards, vehicle identification, and metal detectors. In light of the recent terrorist attacks in Sri Lanka, it is imperativ


Sri Lanka participates in SIAL Canada 2019 Food and Beverage Sector International Exhibition

Views - 46 Friday, 10 May 2019 00:00

The SIAL Canada 2019 Food and Beverage Sector International Exhibition was held in Enercare Centre, Toronto from 30 April to 2 May. Sri Lanka’s national participation was coordinated by the Consulate General in Toronto together with the Sri Lanka T


Oman’s ORPIC reiterates firm interest to partner in Hambantota oil refinery project

Views - 65 Thursday, 9 May 2019 00:21

A Sri Lankan ministerial delegation recently held discussions with Oman’s Oil Refineries & Petroleum Industries Company (ORPIC), the integrated Oil & Petrochemical Company on the proposed oil refinery to be established in Hambantota. Ministers Mali


Sri Lanka, Oman poised to strengthen economic cooperation with ministerial visit

Views - 99 Wednesday, 8 May 2019 00:00

Oman is poised to strengthen economic cooperation following a top level Sri Lankan ministerial visit to Muscat last week. A high-level ministerial delegation comprising Minister of Development Strategies and International Trade Malik Samarawickrama,


Key gateway to Gulf proposes Joint Commission with Sri Lanka

Views - 52 Wednesday, 8 May 2019 00:00

Oman, host to a fast growing free port in the world, and a key gateway to Gulf Cooperation Council (GCC) has proposed a Joint Commission with Sri Lanka to advance present bilateral trade to new levels. During his meeting with the Sri Lankan Ministeri


Sri Lanka’s largest genuine leather manufacturer to unveil a new product range

Views - 186 Tuesday, 7 May 2019 00:00

S. A. Perera & Company Ltd. (SAPCO), purveyors of high quality tanned leather since 1928, is the leading name for excellence in genuine leather in the country. This 100% Sri Lankan owned and operated company is the market leader in the production an


FITIS writes to President, PM extending support with technological tools to strengthen security

Views - 38 Tuesday, 7 May 2019 00:00

The Federation of Information Technology Industry Sri Lanka (FITIS), the apex body of the ICT industry in the country, in a letter addressed to President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe has strongly condemned the attacks


SAARC Development Fund holds 6th Governing Council/SAARC Finance Ministers’ Meeting

Views - 23 Tuesday, 7 May 2019 00:00

The SAARC Development Fund (SDF) conducted its sixth Governing Council meeting in Nadi, Fiji this week on the sidelines of the SAARC Informal Meeting of Finance Ministers and Annual Meeting of the Asian Development Bank. The Governing Council membe


Impossible to revamp country’s economy if terrorism not eradicated, states CIOB

Views - 261 Tuesday, 7 May 2019 00:00

The Ceylon Institute of Builders (CIOB), issuing a press statement states that the Sri Lankan economy will be irrecoverably damaged if the terrorism prevailing in the country is not eradicated at its inception. The statement goes on to state that the


CIMA, ICCSL announce Sri Lanka’s Most Admired Companies Awards 2019

Views - 192 Monday, 6 May 2019 00:00

For the second consecutive year, The Chartered Institute of Management Accountants (CIMA) and The International Chamber of Commerce Sri Lanka (ICCSL) have launched Sri Lanka’s Most Admired Companies Awards 2019. The awards are recognised as being


Pathfinder and JAAFSL joint seminar on US Foreign Policy in Asia and implications for Sri Lanka

Views - 54 Monday, 6 May 2019 00:00

Senior Director (India and South Asia) of McLarty Associates based in Washington D.C. and former US Ambassador to Sri Lanka Robert O. Blake Jr. will be delivering a speech at the Pathfinder Foundation (PF) – Joint Apparel Association Forum of Sri L


Roundtable on regional development experience of China

Views - 18 Monday, 6 May 2019 00:00

A six-member delegation from the Academy of Macroeconomic Research (AMR) of the National Development Reform Commission (NDRC) of China is visiting the Pathfinder Foundation (PF) today are to hold a roundtable discussion on spatial planning and region


NES market diversification business mission to Central Europe

Views - 72 Monday, 6 May 2019 00:00

Sri Lanka’s share in the global export market and the contribution of exports to the national GDP has been in decline whereas imports to the country is on the increase. Further exports are dependent on imported inputs, therefore it is noted that th


MoU signed to renew and upscale China: Ceylon RRP

Views - 46 Monday, 6 May 2019 00:00

Plantation Industries Minister Navin Dissanayake inked a historic MOU in Beijing on 25 April at the Second Belt and Road Forum for International Cooperation held at the China National Convention Centre, an event attended by Chinese President Xi Jinpi


CCC meets PM to discuss recovery strategies

Views - 39 Saturday, 4 May 2019 00:10

Prime Minister Ranil Wickremesinghe met with representatives of the Ceylon Chamber of Commerce (CCC) on Wednesday to discuss ways to put the economy back on track after the Easter Sunday attacks. The CCC delegation led by Chairman Rajendra Theagara


Multipolarism in Asia: Issues and challenges

Views - 14 Saturday, 4 May 2019 00:00

Indo-Lanka initiatives and Law of the Sea of the Pathfinder Foundation (PF) participated in the 20th Asian Security Conference in New Delhi. The conference was the annual flagship event of the Institute of Defence and Strategic Analyses (IDSA), a pre


Completion of Bharti Airtel Lanka Strategic Industrial Partnership Program with Kelaniya University

Views - 22 Saturday, 4 May 2019 00:00

Bharti Airtel Lanka opened its doors in 2017 to the undergraduates of the Department of Marketing Management, Faculty of Commerce and Management Studies of the University of Kelaniya under the Airtel Strategic Industrial Training Partnership Program.


Pharmacies required to issue bills for medicine purchases: Health Minister

Views - 15 Saturday, 4 May 2019 00:00

Minister of Health, Nutrition and Indigenous Medicine Dr. Rajitha Senaratne says all pharmacies are required to issue a bill to customers for purchases of medicine. The relevant regulations have been gazetted in the Consumer Authority Act, and the r


Hiru Fashion Dikwella recognised at National Productivity Awards

Views - 25 Saturday, 4 May 2019 00:00

Hiru Fashion, a leader of the local shirt industry, was rewarded at the coveted Annual Productivity Awards Ceremony held at BMICH in Colombo recently. They were awarded third place of Manufacturing Sector Medium Scale. Hiru Fashion commenced their bu


Speaker says relationship between Parliament and Auditor General strengthened

Views - 8 Saturday, 4 May 2019 00:00

In the last four years during which the Parliamentary Committee on Public Enterprises (COPE) and the Committee on Public Accounts (COPA) have been active, a strong relationship between the Auditor General and the Parliament has also been built, Speak


MTI’s international clients and associates confident Sri Lanka will bounce back

Views - 152 Friday, 3 May 2019 00:00

MTI Consulting, over the last week has been engaged in sensing the international sentiment about Sri Lanka, among their clients (past and present) and via their international network of associates. “It is natural for a country’s tourism and forei


Nayapane estate tea factory of Elpitiya Plantations receives all-time record for BOP Fanning Grade

Views - 37 Friday, 3 May 2019 00:00

The Nayapane estate tea factory managed by Aitken Spence Plantations Management PLC, has secured an all-time record for the BOP Fanning Grade in the Western Medium category with the highest price in the Sri Lanka tea auction. Securing this price is a


Today's Columnists

Let sanity prevail

Saturday, 18 May 2019

To those of our generation it will appear that Sri Lanka is in a near permanent state of conflict; now hidden, now open, citizen against citizen, brother against brother. There are interruptions to the theme of violence, these breaks are mistaken for


The crisis and constitutional violations

Friday, 17 May 2019

Sri Lanka was in a deep and complex crisis even before the outbreak of the Easter Sunday attacks. Now, in the wake of the Easter Sunday attacks, the country has plunged into a deeper and bigger crisis, which is more complex than it was before. The ec


Who are we?

Friday, 17 May 2019

Faced with a tragedy of the scale we have just witnessed, I don’t believe it’s enough to ask how it happened, or what happens next. We must ask a much more fundamental question, which is, who are we? The easy answer is to say we are Sri Lankans,


Mangala’s mistake

Friday, 17 May 2019

The script of ‘Mangala’s mistake’ is simple and straightforward. It begins with a pervasive silence of our collective complicity with an untruth. Mangala decides to pierce the conspiracy of silence with the obvious truth. It is a grave mistake


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