Business

Promoting greater Sri Lanka-China biz ties

Views - 69 Thursday, 23 May 2019 02:49

International Business Council President Kosala Wickramanayake this week signed a Memorandum of Understanding with China Council Vice Chairman Chen Hongliang for the promotion of the International Trade Hainan Sub-Council in Haikou Hainan to promote


Aitken Spence Printing certified with world’s leading print facility validation

Views - 86 Thursday, 23 May 2019 02:48

Market leader Aitken Spence Printing & Packaging Ltd. has again proved itself as a trendsetter in the industry by obtaining the G7 Master Facility Qualification-Colourspace, the highest level of the G7 compliance and the most stringent. Idealliance


SL, Singapore sign MoU for employment of Lankan caregivers

Views - 65 Thursday, 23 May 2019 02:48

Sri Lanka High Commission in Singapore initiated a Tripartite Memorandum of Collaboration (MOC) between the Sri Lanka Bureau of Foreign Employment (SLBFE) and Singapore recruitment agencies, namely, Homekeeper International Ltd. and Aria Training and


Messe Duesseldorf bullish on promoting industrial products of Sri Lanka

Views - 89 Wednesday, 22 May 2019 00:00

Reinforcing Germany’s support to Sri Lanka in need of the hour, world’s leading trade fair organiser Messe Duesseldorf GmbH announced plans to promote ‘Made in Sri Lanka’ as a quality brand and build the country’s industrial products in the


Ex-Unilever and Coke’s Manjula Dahanayake new CEO at Lanka Milk Foods

Views - 113 Wednesday, 22 May 2019 00:00

Manjula Dahanayake formerly of Unilever Ceylon and Coca-Cola Beverages Sri Lanka, has joined Lanka Milk Foods (CWE) Plc as the new CEO. Dahanayake holds a Master’s Degree in Business Administration from the University of Sri Jayewardenepura and is


Manoj Gupta takes over as new MD at Lanka IOC

Views - 50 Wednesday, 22 May 2019 00:00

Indian Oil Corporation (IOC)-owned Lanka IOC (LIOC) announced changes at the top management, with the appointment of Manoj Gupta as a new Managing Director who assumed duties on 20 May and succeeds Shyam Bohra, who has completed his tenure and has be


SL will not meet 2019 FDI target: Malik

Views - 262 Wednesday, 22 May 2019 00:00

The Government’s Foreign Direct Investment (FDI) target of about $3 billion for 2019 will not be met, Development Strategies and International Trade Minister Malik Samarawickrama told Parliament yesterday, as investor confidence took a hit after th


INSEE Cement Sri Lanka appoints Nandana Ekanayake as Chairman of Board

Views - 65 Wednesday, 22 May 2019 00:00

Sri Lanka’s foremost producer of cement, Siam City Cement (Lanka) Limited (SCCCL), known as INSEE Cement, announced changes to the composition of the Company’s Board of Directors on 15 May. Nandana Ekanayake was appointed as the new Chairman of


A.S. Jayawardena Commemoration inaugural lecture by CB Chief

Views - 28 Wednesday, 22 May 2019 00:00

The inaugural A.S. Jayawardena Commemorative lecture will be delivered by Central Bank of Sri Lanka Governor Dr. Indrajit Coomaraswamy on Friday 24 May at 5 p.m. at the Central Bank’s College of Banking Studies Auditorium at 58 Sri Jayawardhana Maw


Dialog’s Ideamart spearheads expansion of female developer community

Views - 40 Wednesday, 22 May 2019 00:00

Ideamart, a platform for developers and content providers presented by Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, has supported the expansion of the country’s female developer community by partnering with the IEEE Women in Engi


UNDP and Citi Foundation host 2nd Asia Pacific Youth Co:Lab Summit

Views - 31 Wednesday, 22 May 2019 00:00

The United Nations Development Programme (UNDP) and Citi Foundation, with the collaboration and support from the Ministry of Science and Technology and the Viet Nam Volunteer Centre, opened the second Asia Pacific Youth Co:Lab Summit, in Hanoi on Tue


MTI shares global learnings on responding to tough times

Views - 438 Tuesday, 21 May 2019 00:00

Every economy and every enterprise at some point of their life cycle will encounter tough times. This is the Sri Lankan ‘moment’ of tough times, but we are not the only economy or enterprise to have been in such a tough situation. Think Egypt, Tu


Lanka IOC MD Shyam Bohra completes his tenure

Views - 43 Tuesday, 21 May 2019 00:00

Lanka IOC PLC Managing Director Shyam Bohra has completed his tenure in Sri Lanka and will be moving back to the parent company Indian Oil Corporation. Bohra took over as the head of Lanka IOC in 15 September 2015 and has been responsible for bolster


Imported onions to cost more

Views - 24 Tuesday, 21 May 2019 00:00

The Government has decided to increase the import levy on big onions by Rs 20 per kilo. The hike was announced by Agriculture, Rural Economic Affairs, Livestock Development, Irrigation and Fisheries & Aquatic Resources Development Minister P. Harris


Chamber of Tourism and Industry appeals for relief for SMEs

Views - 73 Saturday, 18 May 2019 00:10

The Chamber of Tourism and Industry has appealed for urgent relief for small and medium enterprises in the sector who have been seriously affected following the Easter Sunday terror attacks. The appeal was handed over by Chamber President A.M. Jaufer


Chamber of Tourism and Industry appeals for relief for SMEs

Views - 26 Saturday, 18 May 2019 00:10

The Chamber of Tourism and Industry has appealed for urgent relief for small and medium enterprises in the sector who have been seriously affected following the Easter Sunday terror attacks. The appeal was handed over by Chamber President A.M. Jaufer


Suren Cooke Agencies opens state-of-the-art carbon neutral facility

Views - 58 Saturday, 18 May 2019 00:02

Suren Cooke Agencies recently unveiled their universally recognised, state-of-the-art, carbon neutral facility, aimed at neutralising the Greenhouse Gas (GHG) emissions. With this, they were awarded the Carbon Neutral Certification by the Sri Lanka C


Browns Hospitals partners with PATHE Global Campus

Views - 28 Saturday, 18 May 2019 00:00

Browns Hospitals, a fast-growing healthcare provider and the healthcare arm of Brown & Company PLC, has signed an MoU with PATHE Global Campus (formerly known as PATHE Academy) to be their healthcare training partner. Students of PATHE Global Campus


i-Ed Australia promotes quality education

Views - 27 Saturday, 18 May 2019 00:00

For a nation like Sri Lanka where literacy rates are at the highest in the region, education is of imperative importance. Many therefore not only pursue primary and secondary education, but also have a keen interest in tertiary education. Sri Lanka h


Knock twice to see inside and save energy with LG InstaView Door-in-Door Refrigerators from Abans

Views - 49 Saturday, 18 May 2019 00:00

With their ground-breaking LG InstaView Door-in-Door Refrigerator, LG provides customers the utmost convenience, quality and flexibility in a household appliance. The refrigerator is world-renowned for its innovative glass panel, revolutionary knock-


SLT partners Prime Land Residencies to power 10 apartment complexes with superior fibre connectivity

Views - 45 Saturday, 18 May 2019 00:00

Sri Lanka Telecom (SLT), the leading telecommunication service provider in the country, entered into a partnership with Prime Lands Residencies Ltd., the trusted partner in the housing industry in Sri Lanka to power 10 condominium project with 740 un


Teejay ends positive 2018-19 with 6th straight quarter of profit growth

Views - 231 Friday, 17 May 2019 00:00

Sri Lanka’s multinational textile manufacturer Teejay Lanka PLC has ended FY 2018-19 on an impressive note, with consistent sales and profit gains of the preceding months bolstered by robust growth in the final quarter, the Group’s sixth consecut


Dipped Products posts healthy growth in 2018-19

Views - 44 Friday, 17 May 2019 00:00

Strong gains from performance enhancing initiatives in local operations in the face of stiff market conditions and robust contributions from overseas marketing operations have generated noteworthy profit growth in 2018-19 for Dipped Products Group, a


Swiss Ceylon Associates brings Sri Lankan and Swiss values to new dimension

Views - 31 Friday, 17 May 2019 00:00

Newly established Swiss Ceylon Associates Ltd., aims to bring Sri Lankan and Swiss values to a new dimension benefiting a range of key economic and social sectors. The aim is to support the countries by transferring knowhow and business knowledge an


Singer Group posts Rs. 58.5 b revenue for 2018/2019, growth up 10%

Views - 105 Friday, 17 May 2019 00:00

The Singer Group reported revenue amounting to Rs 58.5 billion for the twelve-month period 2018/19, compared to Rs. 53.1 billion for the same period in the prior year with a growth of 10% whilst compared to Rs 65.1 billion revenue during the fifteen


Nedal Salem takes helm of Ceylon Tobacco Company

Views - 75 Friday, 17 May 2019 00:00

Nedal Salem was appointed Managing Director and Chief Executive Officer of Ceylon Tobacco Company PLC (CTC) effective 15 May. During his career spanning over two decades at British American Tobacco (BAT), Nedal has held various senior management role


New Honorary Consul for the Republic of Peru in Sri Lanka

Views - 29 Friday, 17 May 2019 00:00

Romani de Silva has been appointed as the Honorary Consul for the Republic of Peru in Sri Lanka. He is the Deputy Chairman & Managing Director of Alliance Finance Co. PLC.


Brexit and its implications to Sri Lanka: seminar by CCC on 24 May

Views - 32 Friday, 17 May 2019 00:00

The evolving global trade environment poses numerous opportunities and challenges to countries like Sri Lanka. In an uncertain economic environment, the impact of Brexit is a development that the private sector needs to monitor. The Ceylon Chamber of


UAE, Sri Lanka discuss Expo Dubai 2020

Views - 115 Friday, 17 May 2019 00:00

Transforming Sri Lanka into the hub of the Indian Ocean, with a knowledge-based, highly competitive and social-market economyis the objective of the Vision 2025 policy document of the Government.Making the transistion to anexport, FDI and tourism ori


Sujeewa Senasinghe attends 22nd session of Commission on Science and Technology for Development

Views - 27 Friday, 17 May 2019 00:00

Minster of Science, Technology and Research Sujeewa Senasinghe, along with a delegation is currently attending the 22nd session of the Commission on Science and Technology for Development (CSTD) in Geneva, Switzerland. This session is held from 13 to


Today's Columnists

Those who go by social proof are easy prey to crafty schemers

Monday, 17 June 2019

Going after social proof Swiss writer and novelist, Rolf Dobelli, in one of the essays in his 2013 book ‘The Art of Thinking Clearly’, has given a fine warning to his readers. He has warned against going by ‘social proof’ or ‘majority view


Poson ponderings on positional power: ‘Authority vested’ vs. ‘authority wasted’

Monday, 17 June 2019

We witnessed a serene Poson Poya, in a far more improved security setting in Sri Lanka. Whilst the Sri Lankan life slowly returning to normal, political fronts do not appear to show the same. Has the political power become the people ‘pava’ (sin)


Emperors without clothes: Is Mother Lanka naked too?

Monday, 17 June 2019

The expression ‘The Emperor without clothes’ derives from the Hans Anderson tale that is based on Sufi wisdom. The Emperor in Anderson’s story was without doubt, the finest dressed man in the land and he loved wearing fine clothes and spent al


The confusion of the collision is becoming indescribable!

Monday, 17 June 2019

Strange are the things we are witnessing in the political scene. The fast-evaporating trust and confidence in politicians and the Government are seriously destroying the harmony of the nation. The Prime Minister of the country has admitted that the


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