Business

Ogabo Global Parfumerie and Bellose Lanka partner to manufacture cosmetics and perfumes in Ethiopia

Views - 56 Thursday, 12 July 2018 00:01

Ogabo Global Parfumerie Ltd., one of the first companies in Sri Lanka manufacturing premium quality, designer perfumes with French fragrances and Bellose Lanka Ltd., a leading Sri Lankan professional cosmetics manufacturing company specialising in ha


Dialog powers ‘Woman Entrepreneur of Year 2017’ for second consecutive year

Views - 27 Thursday, 12 July 2018 00:00

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, partners the Women’s Chamber of Industry and Commerce (WCIC) to power the 10th installation of the ‘Women Entrepreneur of the Year’. WCIC is a non-profit organisation instrumental


Bakamuna completes successful launch of pop-up

Views - 350 Thursday, 12 July 2018 00:00

Bakamuna, a mixed media lifestyle design brand, enabled by MTI’s idea2fund has successfully completed a nine-day run of its pop-up at The Hilton Colombo. The brand’s first ever pop-up, a repurposed bullock cart that carried a range of lifestyle p


Lankatiles embarks on Mount Everest Trek along with overseas buyers

Views - 37 Thursday, 12 July 2018 00:00

In a unique and inspired way to bond with its overseas customers, Lankatiles, the pioneer in wall and floor tile manufacturing in Sri Lanka, organised a Himalayan trek to the Everest Base Camp at 5365 metres. The Managing Director and the Group Busi


Craighead Estate achieves all time record price

Views - 36 Thursday, 12 July 2018 00:00

Craighead Estate, Udahentenna, achieved an all-time record price of Rs. 1300 per kg for an OP1 grade in the Western Medium category, at the weekly tea auctions held on 10 July. This line of teas was purchased by M/s. St Clair Teas Ltd and marketed by


Record prices for Falcon Tea Factory PEKOE/PEKOE1

Views - 241 Thursday, 12 July 2018 00:00

At the Colombo tea auction held on 10-11 July, two invoices from Falcon Tea Factory, under the selling mark of New Falcon Lanka, achieved the unusual distinction of selling two grades of PEKOE and PEKOE1 at a new record price. Both invoices were sold


Govt. must employ Millennials as they challenge the way we think: IFAC President

Views - 54 Wednesday, 11 July 2018 00:00

IFAC President Rachel Grimes recently urged the Government to employ the youth, more so the Millennials, as they challenge the way we think.


NCE forum on ‘Women to the Fore in Exports’ on 25 July

Views - 64 Wednesday, 11 July 2018 00:00

Women in Sri Lanka constitute approximately 57% of the total population of a little over 21 million. However, out of the


Sri Lanka seeks global backing for pioneering export industrialisation master plan

Views - 63 Tuesday, 10 July 2018 00:11

Sri Lanka soft-launched an international support call for its export-led industrialisation initiative on 5 July. “The Ministry of Industry and Commerce is in the process of developing relevant policies conducive for export led industrialisation, as


No point in bringing in FDI for projects that don’t produce returns: State Minister

Views - 109 Tuesday, 10 July 2018 00:08

During a panel discussion at the Saman Kelegama Memorial Conference, State Minister of National Policies and Economic Affairs Dr. Harsha De Silva denounced protectionist policies, noting the importance of diversifying Sri Lanka’s export basket. He


UN ESCAP on the Economic Outlook for the Asia-Pacific

Views - 52 Tuesday, 10 July 2018 00:08

Zhenqian Huang, Associate Economic Affairs Officer at the United Nations Economic and Social Commission for Asia and Pacific (UN ESCAP), addressed a LKI Foreign Policy Round Table on 3 July. Following the launch of UN ESCAP’s flagship annual public


President’s Counsel Anura Meddegoda is CAA’s new Chairman

Views - 614 Tuesday, 10 July 2018 00:05

A one-time trial attorney from The Hague’s International Criminal Tribunal (ICC) has been appointed to the helm of Sri Lankan consumer affairs. “I thank the Minister of Industry and Commerce Rishad Bathiudeen for appointing me. I pledge to disch


Pathfinder Foundation presents Trincomalee Consultations 2018 outcome report to Japanese Ambassador

Views - 68 Tuesday, 10 July 2018 00:00

Admiral Colombage presented the Ambassador with the outcome report of a recently concluded International Conference on ‘Trincomalee Consultations 2018: Secure and Safe Bay of Bengal for Common Development and Prosperity’, which was sponsored by t


Germany’s Obo Bettermann launches Sri Lankan subsidiary

Views - 209 Monday, 9 July 2018 00:30

One of Germany’s foremost global manufacturersin the field of electrical and building installation technology – OBO Bettermann Holding GmbH & Co. KG, recently held its OBO Night Annual Event for its customers in Sri Lanka.


Improving gem and jewellery industry: Challenges to overcome, opportunities to seize

Views - 72 Monday, 9 July 2018 00:00

The history of Sri Lanka’s gem and jewellery industry goes back thousands of years. Over the centuries the country has gained for itself a standing as one of the most popular sources of gemstones and jewellery of the best quality.


Commercial High Court grants interim injunction against ex-employees of DIMO

Views - 177 Monday, 9 July 2018 00:00

Through a comprehensive order dated 22 June, the Commercial High Court issued an interim injunction against two ex-employees of Diesel and Motor Engineering Plc (DIMO) namely Chathura Milinda Wickramasinghe and Buddika Malinda Kurukulasooriya, prohib


Court issues injunction against New Olympia Theatres

Views - 96 Monday, 9 July 2018 00:00

Colombo District Court issued an injunction against New Olympia Theatres preventing them from conducting any business activities at its premises.


Colombo DC issues enjoining order against Laugfs’ new construction

Views - 119 Monday, 9 July 2018 00:00

Colombo District Court issued an enjoining order operative till 18 July against Laughs Holdings Ltd., restraining it, Laugfs Super Markets Ltd. and Laugfs Engeneering Ltd. preventing from any construction work of the new building at the site of the S


Dr. Mahesha Ranasoma appointed GRI CEO

Views - 737 Monday, 9 July 2018 00:00

GRI, a leading producer of specialty tyres in Sri Lanka, with offices in six countries and sales in over 50 countries, has appointed Dr. Mahesha Ranasoma as the CEO to take the Company to its next level of success.


Diesel and Motor Engineering overall champions at CMA Excellence in Integrated Reporting Awards

Views - 243 Monday, 9 July 2018 00:00

Diesel and Motor Engineering swept the overall championship at the fourth consecutive CMA Excellence in Integrated Reporting Awards 2018 while bagging several other awards held on 5 July at Cinnamon Lakeside.


SL eyes major fertiliser production from Eppawala deposit

Views - 44 Saturday, 7 July 2018 02:11

Following Expert Committee recommendations to produce Single Super Phosphate (SSP) as a substitute for imported Triple Super Phosphate (TSP) utilising the Eppawala phosphate deposit, the Government is aiming to set up a plant....


Gamifying ahead through enterprise solutions landscape

Views - 24 Saturday, 7 July 2018 02:09

Globally, we are witnessing a steady rise in the pace of digital transformation with enterprises leading the charge. Gartner Inc. projects worldwide IT spending to a total $ 3.7 trillion in 2018, and notes that enterprise software continues to....


Assetline Leasing Company celebrates 15 years

Views - 31 Saturday, 7 July 2018 02:09

Assetline Leasing Company Ltd. (ALCL) celebrated its 15th anniversary on 5 June at all its branches across the country. A special event was held at its corporate head office in Battaramulla.


Omentra.com kicks off first corporate talk show series

Views - 75 Saturday, 7 July 2018 02:07

The country’s pioneer online procurement service provider Omentra.com, kicked off their first event of their innovative and interesting talk show series titled ‘58 Minutes With’; a sold-out event at the Royal College Skills Center in Colombo.


NDB Bank official banking partner for Home & You Exhibition 2018

Views - 22 Saturday, 7 July 2018 02:02

NDB partnered with Sri Lanka’s premier lifestyle exhibition Home & You Lifestyle Fair 2018 as the Official Banking Partner. The mega lifestyle exhibition is all set to bring everything you need to create the perfect surrounding at the place you liv


Sunshine Holdings gets shareholder approval for Rs. 775 m private placement with SBI Ven Holdings

Views - 101 Friday, 6 July 2018 00:00

Diversified Sri Lankan conglomerate Sunshine Holdings PLC announced that its shareholders unanimously approved


Vallibel One rolls out 5-year strategy on AI tools to optimise decision-making

Views - 520 Friday, 6 July 2018 00:00

Creating history and disrupting corporate decision-making culture in Sri Lanka, Vallibel One Plc yesterday announced


Mahesh Wijewardena appointed Chief Operating Officer at Singer

Views - 173 Friday, 6 July 2018 00:00

Singer Sri Lanka announced the appointment of Mahesh Wijewardena as the Chief Operating Officer (COO) with effect from 1 July.


Ath Pavura commences Mission 2

Views - 76 Friday, 6 July 2018 00:00

Ath Pavura, the first-ever TV reality show for social entrepreneurs and for impact investors pioneered by Lanka Impact


SLINTEC signs agreement with British Cosmetics to commercialise a new product range

Views - 395 Friday, 6 July 2018 00:00

The Sri Lanka Institute of Nanotechnology (SLINTEC) signed a research commercialisation agreement with British Cosmetics Ltd.


Today's Columnists

No other country can better understand the preciousness of free trade than SL

Thursday, 19 July 2018

The year 2018 marks the 40th anniversary of China’s reform and opening-up and also the 17th anniversary of China’ accession to the World Trade Organization (WTO). In 2001, China acceded to the WTO, which marked a new historic stage of reform and


Development of national housing and Employees’ Provident Fund

Thursday, 19 July 2018

‘Singapore’ has become a buzzword in the media circles today. Media speak is centred round many issues. Extradition of the fugitive Central Bank Governor appointed to the post on a recommendation by our PM, now missing and reportedly taken refuge


Sri Lanka stepping up its pursuit of trade-led growth

Wednesday, 18 July 2018

“We were a trading nation since the era of ancient kings,” Prime Minister Ranil Wickremesinghe reminded Parliament


To hang or not to hang!

Tuesday, 17 July 2018

President Maithripala Sirisena dropped a bombshell out of the blues last week, sans all ‘maître’ (loving-kindness) when he launched a coup de main on drug offenders. He threatened to use his powers to place his signature to execute the death sen


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