Business

CILT hails Dr. Dissanayake’s appointment as Secretary to Ports, Shipping and Southern Development

Views - 36 Wednesday, 30 January 2019 00:03

The Chartered Institute of Logistics and Transport (CILT) Sri Lanka welcomes the appointment of an eminent Fellow of the Institute as the new Secretary to the Ministry of Ports, Shipping and Southern Development – Dr. Parakrama Dissanayake (FCILT).


Jaffna International Trade Fair concludes on high note

Views - 24 Wednesday, 30 January 2019 00:01

The 10th edition of JITF concluded successfully in Jaffna recently. Aptly named ‘The Gateway to the North’, the event was the meeting hotspot for traders and business, both local and international.


$ 550 m footwear and leather sector thanks Industry Minister

Views - 76 Tuesday, 29 January 2019 03:17

For the first time in the history of Sri Lanka’s $ 550 m footwear and leather sector, the industry has come forward to felicitate the Cabinet Minister in charge of it for “invaluable support and services” that he rendered towards its success.


Trinco and Galle ports to operate 24/7 with night navigation this year: Sagala

Views - 65 Tuesday, 29 January 2019 03:15

Trincomalee and Galle harbours will operate 24/7 with night navigation before the end of this year, Ports, Shipping and Southern Development Minister Sagala Ratnayaka said.  The Minister said the Trincomalee harbour, a natural resource with immense


Committee appointed to restructure Sri Lankan airlines hands over report to President

Views - 501 Tuesday, 29 January 2019 03:15

The Committee appointed by President Maithripala Sirisena on the restructuring of Sri Lanka’s national carrier, Sri Lankan Airlines, presented its report with recommendations for its restructuring to the President at the Presidential Secretariat ye


Western corporations funding huge expansion of eco-damaging dairy factory farms in SL, study finds

Views - 70 Tuesday, 29 January 2019 03:14

www.independent.co.uk: Western corporations are pumping huge sums of money into developing industrial farming in Sri Lanka, research has found – despite warnings meat and dairy consumption must halve to avoid climate change. Food and farming giant


Awareness seminar for Sabaragamuwa Province entrepreneurs

Views - 33 Tuesday, 29 January 2019 02:44

The fifth seminar for the Sabaragamuwa Province entrepreneurs on the national program of developing 2,000 exporters was held on 28 January at The Factory Ambanpitiya, Kegalle. The first seminar was held on 23 March 2017 launching the program for Nort


Hatch Colombo marks centre of gravity for all things start-up

Views - 107 Tuesday, 29 January 2019 01:58

Sri Lanka’s largest co-working office space and business incubator, Hatch, was launched amidst much anticipation on Thursday, 24 January 2019. A panel discussion comprising of Sri Lanka’s leaders in business and social change marked the first of


SLINTEC partners with StartupX Foundry, Lanka Angel Network and Roar.lk to fuel startup program

Views - 109 Tuesday, 29 January 2019 01:56

Sri Lanka Institute of Nanotechnology (SLINTEC), Sri Lanka’s leading nanotechnology and advanced technology institute, has recently signed an MOU (memorandum of understanding) with StartupXFoundry collaborating on a new program, ‘SLINTEC Startup


CB chief calls for collective effort to uplift social enterprises in SL

Views - 54 Tuesday, 29 January 2019 01:41

Central Bank Governor Dr.Indrajit Coomaraswamy yesterday called for a concerted effort by all stakeholders to establish policies and systems to support the growth of emerging social enterprises in Sri Lanka, insisting that the country had great untap


NCW Holdings becomes first facility management services provider to receive ISO certification

Views - 57 Monday, 28 January 2019 01:36

NCW Holdings attained the status of being, in the shortest time, the foremost International Company of Sri Lanka providing facilities management services. Recently, NCW Holdings received ISO 9001-2015 standard certificate offered by the Sri Lanka Sta


From seed bombing to cloud seeding

Views - 197 Monday, 28 January 2019 01:33

It was not so long ago, that the Sri Lanka Air Force, hand in hand with the University of Peradeniya and MAS, broke new ground by taking the first steps to explore the possibility of using seed bombing in Sri Lanka’s endeavour to increase the fores


Facebook focuses on digital literacy as part of commitment to improve online safety in Sri Lanka

Views - 28 Saturday, 26 January 2019 00:10

Facebook’s efforts to tackle misinformation, promote online safety in Sri Lanka and boost digital literacy skills were among several topics debated at a fireside chat on Saturday, held as a part of the Fairway Galle Literary


Australian Awards Sustainable Tourism Development Training

Views - 37 Saturday, 26 January 2019 00:00

Sri Lanka has a shortage of skilled staff necessary to support the projected growth of tourism. Training programs such as the Australian Awards Sustainable Tourism Development Short Course are helping to develop the skills needed. Tourism in Sri Lank


Life lesson from an inspiring woman entrepreneur

Views - 28 Saturday, 26 January 2019 00:00

G.G.N.P. Jayarathne is a 32 year old courageous Thurunu Diriya loan receiver and an entrepreneur who lives in Thalawa, Anuradhapura. Her business ‘Nirmali footwear’ is specialised in making ladies’ handbags, school bags and ladies’ footwear.


Blooming Fashions wins Gold at ‘Thambapanni Abhimani’ Business Excellence Awards

Views - 15 Saturday, 26 January 2019 00:00

Blooming Fashions Ltd., one of the leading names amongst department stores in Sri Lanka was the proud winner of a Gold Award at the ‘Thambapanni Abhimani 2018’ Business Excellence Awards. The Award Ceremony, organised by the Puttalam District Cha


Puttalam Chamber Gold Award for Adeem Uniforms

Views - 30 Saturday, 26 January 2019 00:00

Tens of thousands of children in the Middle East wake up to Sri Lankan made school uniforms each morning, and the company which carved out an important niche for Sri Lanka was recognised by the region’s chamber recently. Adeem Uniform Ltd. was awar


HDDES Extracts wins NCE Gold Awards

Views - 31 Saturday, 26 January 2019 00:00

HDDES Extracts Ltd, the leading manufacturer of spice based essential oils in Sri Lanka, won two gold awards at the National Export Excellence 2018 Award Ceremony organised by National Chamber of Exports (NCE). The two prestigious awards came from th


Troja International wins Business Excellence Award

Views - 27 Saturday, 26 January 2019 00:00

Troja International a leading company in the field of manpower and construction was awarded for its tremendous performance in the business field and for the service extended to uplift the culture and religion in Sri Lanka at the recently concluded Go


Browns supports market development in Jaffna with platinum sponsorship of JITF 2019

Views - 38 Friday, 25 January 2019 00:00

In a clear indication of the vast potential of the northern market, Brown & Company PLC (Browns) has come on board as platinum sponsor for the 10th annual Jaffna International Trade Fair. The multi-faceted event, aptly named ‘The Gateway to the Nor


Ceylon Chamber releases Outlook Report for 2019

Views - 81 Friday, 25 January 2019 00:00

The Ceylon Chamber of Commerce launched its third annual outlook report titled ‘Economy + Sector Review and Outlook 2019’, which contains insights on the key trends, risks and prospects of both the local and global economy as well as high-level p


Motion to charge two top officials of Central Bank over bond scam

Views - 56 Friday, 25 January 2019 00:00

A motion has been submitted to the Colombo Magistrate’s Court to name the Senior Deputy Governor of the Central Bank, Nandalal Weerasinghe, and the retired Deputy Governor, Ananda Silva, as suspects in the Central Bank bond scam. The second suspect


Opposition highlights plight of indebted people

Views - 16 Friday, 25 January 2019 00:00

By Ashwin Hemmathagama – Our Lobby Correspondent Opposition lawmaker Dinesh Gunawardena on Wednesday criticised the Government for failing to take action to reduce indebtedness in the country, particularly debt created by higher purchase schemes an


Air Force, Ministry of Power & Energy to launch first ever cloud-seeding project

Views - 35 Friday, 25 January 2019 00:00

Air Force and the Ministry of Power, Energy and Business Development have agreed to launch the first ever cloud-seeding project, in a bid to address the issue of impact of dry weather on power generation in Sri Lanka. Air Force Commander Air Marshal


Methods to combat “Sena” shared with Agri Ministry: FAO

Views - 26 Friday, 25 January 2019 00:00

The Food and Agriculture Organisation (FAO) yesterday said it had shared information with the Agriculture Ministry on effective methods to combat the Fall Armyworm, including non-toxic options, and stands ready to provide technical assistance in the


Hayleys Plantations Gold and Silver winners at CA Sri Lanka Annual Report Awards

Views - 52 Thursday, 24 January 2019 02:38

Hayleys Plantations was crowned as the Gold and Silver Winners in the Plantations Sector Category for the fifth consecutive year at the CA Sri Lanka Annual Report Awards Ceremony, held at the Shangri-La Hotel Colombo recently. Talawakelle Tea Estates


KOICA to provide $ 6m for modernisation of plant quarantine service in Sri Lanka

Views - 32 Thursday, 24 January 2019 02:37

The Korea International Cooperation Agency (KOICA), the grant aid division of the Korean Embassy, legally based on the framework agreement on grant aid between the two countries, is providing a grant worth $ 6 million to enhance the export competitiv


Govt. allows exporters to skip EDB registration

Views - 300 Thursday, 24 January 2019 02:34

Stepping up efforts to improve Sri Lanka’s standing in the World Bank’s Ease of Doing Business Index, Cabinet this week gave approval to exporters to skip registering with the Export Development Board (EDB), which was mandatory earlier, as a step


The Footwear and Leather Fair 2019 kicks off on Friday at BMICH

Views - 79 Thursday, 24 January 2019 02:33

Industry and Commerce, Resettlement of Protracted Displaced Persons and Co-operative Development Minister Rishad Bathiudeen will ceremoniously declare open the Footwear and Leather Fair 2019 at the Sirimavo Bandaranaike Memorial Exhibition Centre, BM


SOEs should follow regulatory processes: COPA

Views - 14 Thursday, 24 January 2019 02:33

By Ashwin Hemmathagama – Our Lobby Correspondent The Committee on Public Accounts (COPA) plans to encourage responsible decision making at State Owned Enterprises (SOEs) under its purview by making them follow proper regulatory processes to improve


Today's Columnists

The chainsaw massacre and other ‘lawful’ horror stories

Friday, 22 February 2019

Admit it. The headline hooked you. Hope you won’t be disappointed. There are no gory scenes featuring dismembered limbs here. However you might read about the long arm of the law being truncated. Perhaps a chilling scene where the mask of the murde


What went wrong with Sri Lanka?

Friday, 22 February 2019

If Sri Lanka wants to get out of the present miserable situation, it needs to make a profound change, a paradigm shift in the way it views at everything including the religious, political and economic issues. Such a change could be made only by loo


Regulating foreign workers now a top priority

Friday, 22 February 2019

Sri Lanka is today facing a domestic labour shortage in some key sectors and industries. While demographic, social attitudes, expansion of the economy and outward labour emigration are contributing to the shortfall. Generally a lack of interest in ce


Using the RTI regime as a catalyst for development

Friday, 22 February 2019

President Barack Obama stated the following in issuing a memorandum on the Freedom of Information Act on his first day in Office in 2009. “The presumption of disclosure also means agencies should take affirmative steps to make information public. A


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