Business

FriMi empowers Devils on Wheelz Sri Lankan Women’s Team at SheMud 2018

Views - 35 Thursday, 22 November 2018 00:00

FriMi powered by Nations Trust Bank is the first-ever digital banking proposition of its kind in the Sri Lankan banking industry designed to provide customers with an ease of access as well as offer a range of unmatched benefits. At present, Sri Lank


CSSL starts awareness program for IT students

Views - 14 Thursday, 22 November 2018 00:00

Computer Society of Sri Lanka (CSSL) has started an awareness program to educate IT Students which are studying at Government and private high educational institutions for build up their professional path through joining the professional IT body and


Training workshop on Open Source Digital Library Software

Views - 23 Thursday, 22 November 2018 00:00

A three-day training workshop from 1 to 3 November was held at the National Science Foundation (NSF) on ‘Open Source Digital Library Software – Java CDS/ISIS’ for the officials of banks, industry, and science research. The software – J-ISIS i


BOC Thurunu Diriya disburses over 300 loans island-wide

Views - 16 Thursday, 22 November 2018 00:00

The Bank of Ceylon (BOC) ‘Thurunu Diriya’ loan scheme has disbursed loans worth Rs. 135,065,500 among 312 young entrepreneurs up to date. This is a 7.5% growth compared to the previous week. This was revealed by the weekly progress report of imp


Chinese scholars calls on SL to play proactive role in BRI

Views - 68 Wednesday, 21 November 2018 00:00

Sri Lanka should be more proactive in grasping the opportunities that have been provided through the Belt and Road Initiative (BRI), insisting greater bilateral economic cooperation is critical, a group of top Chinese scholars said recently.


Renaissance Man of Polonnaruwa moves from “mud house to White House”

Views - 70 Wednesday, 21 November 2018 00:00

Beijing: Harvard-trained scholar Dr. Patrick Mendis joined the prestigious Yenching Academy of Peking University as a distinguished visiting professor of Sino-American relations.


Iconic Sri Lankan brand ‘dash’ celebrates 25 years

Views - 78 Wednesday, 21 November 2018 00:00

From a humble beginning with only a capital of Rs. 1.2 million and 12 employees, Multichemi Group of Companies is today proud to celebrate 25 years in business with over 700 employees and advanced manufacturing facilities both in Sri Lanka and overse


BGN Super Foods agrees not to infringe Cargill’s Intellectual Property Right

Views - 44 Wednesday, 21 November 2018 00:00

A settlement was successfully reached in the Commercial High Court of Colombo where the Intellectual Property Rights of the Plaintiff, Cargills (Ceylon) PLC, were recognised and enforced. On 11 October, the Defendant, BGN Super Food City Ltd., enter


Alex Lovell receives Special Recognition award at BT TOP 30 for attracting investments to SL

Views - 93 Wednesday, 21 November 2018 00:00

Alex Lovell renowned for his investment prowess was recognised at the recently concluded Business Today TOP 30 awards nights for his efforts in attracting foreign direct investments into Sri Lanka. He received the award from President Maithripala Sir


Chengdu Chamber opens in Colombo

Views - 42 Wednesday, 21 November 2018 00:00

The Chengdu Association of Foreign Trade and Economic Cooperation (CAFTEC) opened its Colombo office at Hilton Residences (JAIC Hilton) on 19 November. The opening of the CAFTEC Colombo office was a soft opening and the Colombo operations will contin


EDB organising Inward Buyer Delegation from Japan

Views - 78 Wednesday, 21 November 2018 00:00

The Sri Lanka Export Development Board (EDB) in collaboration with the Sri Lanka Embassy in Japan is organising an Inward Buyer Delegation from Japan, from 3-5 December with the objective of developing business linkages between Sri Lankan companies a


Kotagala Kahata Rasa Wasana promotion winners take off with TVS Scooty Peps

Views - 20 Tuesday, 20 November 2018 01:25

The ‘Kotagala Kahata Rasa Wasana’ consumer promotion, which took place from 7 June to 10 August, recently came to a successful conclusion. Twenty TVS Scooty Peps were awarded to the winners of the competition at a special prize-giving ceremony h


Intl. testing standards reveal ACL Fireguard as only fire-retardant cable

Views - 15 Tuesday, 20 November 2018 01:25

ACL Cables PLC, the No. 1 cable expert in Sri Lanka since 1962, has continuously been in the forefront of ensuring stringent standards are maintained during manufacturing of its products while placing great importance and responsibility on its qualit


Kosala meets Mayor of Aixu Wakamatsu City Japan

Views - 27 Tuesday, 20 November 2018 01:24

Kosala Wickramanayake President of International Business Council met with Mayor of Aixu Wakamatsu City Muroi Shohei on 13 November. Aizu Wakamatsu, Samurai City is celebrating 150 years of Meji Era of Japan this year.


Champika Exporters celebrates 4 decades of quality and uninterrupted service

Views - 24 Tuesday, 20 November 2018 01:24

Champika Exporters which is one of the oldest foreign recruiting agencies of the island celebrates 40 years of uninterrupted, genuine and dedicated service for the much needed people who seek foreign employment. Speaking on this historical occasion M


National Chamber full-day seminar on post-harvest technology of fruits, vegetables, grains

Views - 42 Tuesday, 20 November 2018 01:23

A full-day awareness seminar on post-harvest technology for fruits, vegetables, grains, would be conducted by the National Chamber of Commerce in collaboration with The Institute of Post Harvest Technology in Sri Lanka on Wednesday, 28 November from


Lankan envoy meets Bahraini ministers of industry and commerce, labour

Views - 92 Tuesday, 20 November 2018 00:00

The Ambassador of Sri Lanka to the Kingdom of Bahrain, Dr. A. Saj U. Mendis, met Bahraini’s Labour and Social Development Minister Jameel bin Mohammed Ali Humaidan and Industry, Commerce and Tourism Minister Zayed bin Rashid Al Zayani at their resp


Venora crowned as Best Enterprise  of the Year – Western Province

Views - 35 Monday, 19 November 2018 00:14

Storming by every barrier, finally Venora International Projects Ltd. was selected as the Best Enterprise Services Sector (Hospitality/Tourism/Other Services) under Large Category at Entrepreneur Awards 2018, jointly organised by National Enterprise


Panasian Power continues success streak with 452% growth in PAT during 1H 2018

Views - 54 Monday, 19 November 2018 00:13

Panasian Power PLC (PAP.N), one of Sri Lanka’s leading green energy solutions providers, posted a consolidated net profit of Rs. 54 million for the quarter and Rs. 153 million for the six months ending 30th September, 2018. This represents a 110% a


Bandula launches book on Sri Lankan economy

Views - 21 Saturday, 17 November 2018 00:10

A book on the development and the negative side of Sri Lankan economy during the past three years, written by Minister Dr. Bandula Gunawardane was launched by former President Mahinda Rajapaksa at a ceremony held recently. Eminent speakers of the cal


Renowned industry expert introduces Fourth Industrial Revolution to Sri Lanka

Views - 36 Saturday, 17 November 2018 00:00

Leading academic, researcher and consultant, Professor Terrence Perera, recently visited Sri Lanka at the invitation of the Sir John Kothalawela Defense University (KDU) to be the keynote speaker at the university’s International Research Conferenc


Sri Lanka Telecom powers #ConnectSL interactive forum: ‘Know your social ID?’

Views - 14 Saturday, 17 November 2018 00:00

Sri Lanka Telecom (SLT), the leading ICT service provider and the largest broadband service provider in the country successfully launched #ConnectSL, a knowledge sharing interactive forum to share information on industry changes and latest technologi


Bairaha offers not just a job, but a career

Views - 26 Saturday, 17 November 2018 00:00

Bairaha’s Human Resource team on 28 September, had an opportunity to participate in a grand event of Science Industry Interaction Cell (SIIC), which was ceremonially organised by the Science Faculty of the University of Peradeniya, branding it as t


100 winners ride away with Scan Jumbo Bonanza

Views - 13 Saturday, 17 November 2018 00:00

Sri Lanka’s favourite peanut brand Scan Jumbo Peanut concluded another Scan Jumbo Bonanza successfully for the fourth consecutive year. One hundred lucky winners received folding Mountain bicycles from the Scan Product Division of C. W. Mackie PLC


DHL ranked as one of World’s Best Workplaces of 2018, recognised by Great Place to Work

Views - 41 Saturday, 17 November 2018 00:00

DHL Express, the world leader in logistics and express delivery, has been recognised as the sixth best place to work globally in a 2018 employer ranking from Great Place to Work and FORTUNE. Every year, Great Place to Work, a global people analytics


Softlogic’s 2Q after tax profit swells to Rs. 2 b

Views - 136 Friday, 16 November 2018 00:00

Softlogic Holdings Plc has posted a Rs. 2.4 billion profit after taxation for the first half of FY2018/19 as against Rs. 677.9 million a year earlier. Quarterly PAT reached Rs. 2 billion, up from Rs. 248.2 million a year earlier. Consolidated turnov


Rupee falls to record low; stocks gain

Views - 59 Friday, 16 November 2018 00:00

REUTERS: The rupee fell to an all-time low on Thursday, continuing its record-setting spree, as political uncertainty outweighed the positive impact of a policy rate hike, sources said. Stocks closed firmer for a fourth session in five, but turnover


Colombo Rubber Traders’ Association Centennial Celebration Charity Auction

Views - 45 Friday, 16 November 2018 00:00

The Colombo Rubber Traders’ Association (CRTA) of the Ceylon Chamber of Commerce, which represents the interest of Sri Lanka’s rubber industry, was inaugurated on 27 November 1918. The Association celebrates its 100th anniversary on 27 November 2


Activity continues in secondary bond market

Views - 44 Friday, 16 November 2018 00:00

By Wealth Trust Securities The secondary bond market remained active yesterday with trades witnessed across the yield curve. On the short end of the yield curve, buying interest on the 01.08.21, 15.07.23 and 01.08.24 maturities saw its yields declin


Manufacturing and Services increase in Oct.

Views - 47 Friday, 16 November 2018 00:00

All the sub-indices of Purchasing Managers Index (PMI) Manufacturing recorded values above the neutral 50.0 threshold, signalling an overall expansion in October compared to September, the Central Bank said in a statement. The improvement observed


Today's Columnists

Overcoming the crisis: The second freedom struggle

Friday, 14 December 2018

The crisis that has been developing in Sri Lanka, manifesting itself in varied forms at different times since independence, has now taken the form of a constitutional crisis, threatening the survival of the Sri Lankan State. Regardless of the Court


Getting more women in the workforce

Friday, 14 December 2018

The current female labour force participation in Sri Lanka is around 36%. This means that a disproportionate majority of women still remain outside the labour market, with limited or no access to wages, pensions and other benefits tied to gainful emp


Our chit-chat – Can conversations make a nation?

Thursday, 13 December 2018

We are living through fascinating times dominated by online conversations with offline taking backstage. From the Arab spring to Yellow vests in France, the online has proven its potential and power – be it destructive or constructive! A reading o


The vote, the verdict, and the TNA ‘backstop’: Beyond ’56

Thursday, 13 December 2018

“Leader of PLOTE and TNA MP D. Dharmalingam …stated that he believes that Ranil Wickremesinghe has handed in a written assurance of several promises. …The promises are said to include agreements on constitutional amendments, freedom for politi


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