Business

CSR Sri Lanka holds 5th Annual General Meeting

Views - 59 Monday, 1 October 2018 00:27

CSR Sri Lanka had its 5th Annual General Meeting on 20 September, from 5.00pm to 7.00pm at the “Sankathani” Auditorium of Sri Lanka Institute of Development Administration (SLIDA),attended by the Member Companies, some distinguished guests and ot


Vidullanka partners with OC Energy Lanka on Dendro power development

Views - 90 Monday, 1 October 2018 00:09

Vidullanka PLC announced the disposal of 49% equity stake in Vidul Biomass Ltd. to OC Energy Lanka Ltd. forming the joint venture to develop 3.3MW Dehiyathakandiaya Dendro power project.


Dinesh Weerakkody re-elected ICC Chairman for 2018/2019

Views - 170 Monday, 1 October 2018 00:07

The 52nd Annual General Meeting of the International Chamber of Sri Lanka (ICC Sri Lanka) was held at the Ministry of Tourism Development and Christian Religious Affairs Auditorium on 28 September at 9.30 pm.


White paper on China-US trade friction

Views - 32 Monday, 1 October 2018 00:00

To promote awareness among all countries of the facts on the China-US Trade Friction and China’s position, the State Council Information Office of China released the white paper ‘The Facts and China’s Position on China-US Trade Friction’ on 2


Transforming digital divide into dividend through universal access

Views - 25 Saturday, 29 September 2018 00:10

To mark the International Day for Universal Access to Information (IDUAI), the Ministry of Telecommunication, Digital Infrastructure and Foreign Employment of the Government of Sri Lanka and UNESCO are


Daraz hosts first Seller Summit in Sri Lanka

Views - 45 Saturday, 29 September 2018 00:09

Sri Lanka’s fast growing e-commerce platform, Daraz hosted over 400 sellers at its Seller Summit, held recently at the Hilton Colombo. The summit offered all sellers registered with Daraz an opportunity to learn and discover smarter ways to be suc


St. Sebastian Group of Companies wins MASSCO Business Excellence award

Views - 26 Saturday, 29 September 2018 00:08

Harsha Fernando, the Managing Director of the St. Sebastian Group of Companies based in Moratuwa, was recently awarded the business award for excellence at the MASSCO 2018 awards ceremony. The grand ceremony was held at the Ramada Hotel, Colombo unde


Crysbro steps up to sponsor Poultry Forum 2018 organised by University of Uva Wellassa

Views - 19 Saturday, 29 September 2018 00:08

Crysbro, a forerunner in Sri Lanka’s poultry industry has stepped up to sponsor the upcoming Poultry Forum themed, ‘The Future of the Poultry World: Smarter and Greener Production’, which is schedul


‘Enterprise Sri Lanka – BOC Thurunu Diriya’ loan recipient shares her story

Views - 58 Saturday, 29 September 2018 00:07

Starting a business and driving it to be successful is not an easy task. Every entrepreneur despite being small or big has to face numerous barriers including financial barriers. The ‘Enterprise Sri Lanka,


Pakistan-China economic partnership key to South Asian growth: Rohantha

Views - 113 Friday, 28 September 2018 00:00

In the backdrop of the failed peace dialogue between India and Pakistan called by new Prime Minister Imran Khan on the side lines of the UN General Assembly, the Karachi Province that accounts for 60% of the competitive index of Pakistan staged The P


NCE highlights constraints which adversely affect cost of cross border trade of exporters

Views - 17 Friday, 28 September 2018 00:00

Representations have been made by member exporters of the National Chamber of Exporters (NCE) regarding a constraint which adversely affects the cost, and ‘Ease of Doing Business’, related to their interactions with state organisations. This ma


Cabraal faults Govt. for economic mismanagement

Views - 66 Friday, 28 September 2018 00:00

By Charumini de Silva Former Central Bank Governor Ajith Nivard Cabraal on Wednesday charged the Collation Government with bad economic management and damaging investor confidence in the country. “Trust and confidence are the cornerstones of any ec


Commercial High Court issues enjoining orders on RDA

Views - 32 Friday, 28 September 2018 00:00

On or around 11 September, Canowin Hotels and Spas Ltd. instituted action against the Road Development Authority (RDA) seeking for damages of Rs. 2 billion and seeking for interim relief to restrain the Road Development Authority from unlawfully term


Metropolitan Group celebrates 60 years with commemorative stamp

Views - 23 Friday, 28 September 2018 00:00

The Metropolitan Group celebrates 60 years of bringing advanced technology and services to workplaces across Sri Lanka with the issue of a commemorative stamp showcasing the corporate head office signifying the growth and the values that had been the


Litro distributors warns of LP gas supply crisis

Views - 309 Thursday, 27 September 2018 02:01


Venture Frontier Lanka Entrepreneur Caravan helping undergrads to be innovative

Views - 435 Thursday, 27 September 2018 02:00

Text and pix by P.D. DE SILVA The first of the series of Entrepreneurship Caravans conducted by Venture Frontier Lanka Entrepreneur Caravan was held at the Faculty of Engineering of the University of Ruhuna in partnership with Marvel Crew Innovation


World’s largest employer of Sri Lankans commits $ 300 m across many development projects

Views - 842 Thursday, 27 September 2018 01:58

The Kingdom of Saudi Arabia (KSA) now stands as the largest employer of Sri Lankans outside of Sri Lanka and has committed $ 300 million for Sri Lanka’s development projects. “Relations between KSA and Sri Lanka are excellent and are based on mut


Litro Gas assures there will be no shortage

Views - 109 Thursday, 27 September 2018 01:57

Dismissing the red flag raised by LP Gas Distributors Association of Sri Lanka, the State-run Litro Gas yesterday assured that there will be no shortage of liquid petroleum (LP) gas supply. “We will not allow any scaling down of LP gas supply islan


K-Line vessel makes maiden call at Hambantota Port after signing of TSA

Views - 434 Thursday, 27 September 2018 01:55

K-Line vessel Hawaiian Highway, a car carrier sailing from Marshall Island, called at the Hambantota Port recently. The vessel carried 1,260 cars on board, for discharge at the port. This was the first-ever KLine vessel to berth at the Hambantota In


Higher Education Ministry moves to restructure SLIIT

Views - 104 Wednesday, 26 September 2018 00:00

By Ruwandi Gamage The Ministry of Higher Education has submitted a Cabinet proposal to introduce a new Board of Governors for the Sri Lanka Institute of Information Technology (SLIIT), changing its current administrative structure. The current compo


Michael Kors makes high-end fashion statement with $2.2 b Versace buy

Views - 61 Wednesday, 26 September 2018 00:00

MILAN (Reuters): US fashion group Michael Kors agreed to buy luxury designer Versace for 1.83 billion euros including debt on Tuesday in the latest foreign takeover of an Italian brand. Michael Kors, whose namesake label is best known for its leather


Nithya Group wins Export Award for Highest Foreign Exchange Earner 2017/18

Views - 42 Wednesday, 26 September 2018 00:00

Nithya Paper and Boards Lanka Ltd. won the Presidential Export Awards held on 18 September for being the Highest Foreign Exchange Earner for the year 2017/18. In fact the Company will go on to receive its ISO 9001: 2015 certification on 21 September


idea2fund’s Bakamuna pops-up at Colombo City Centre

Views - 115 Tuesday, 25 September 2018 00:00

Bakamuna has collaborated with Colombo City Centre to host their second pop-up from 19 September to 3 October. Bakamuna is a mixed media lifestyle design brand powered by MTI’s Idea2fund. The brand’s first pop-up concept at the Hilton Colombo i


SOMAP makes mandatory offer on Anilana Hotels

Views - 95 Tuesday, 25 September 2018 00:00

SOMAP International Ltd. has announced the mandatory offer of Rs. 1.30 per share to the minority shareholders of Anilana Hotels and Properties PLC. This was pursuant to the allotment by way of a private placement of 51% stake, amounting to 513.4 mill


ICC Sri Lanka launches Membership Privilege Card

Views - 158 Tuesday, 25 September 2018 00:00

The International Chamber of Commerce Sri Lanka for the first time introduced a Corporate Membership Card with privileges for the exclusive use of its members. ICCSL Membership Card was launched on 9 September at the “Most Admired Companies of Sri


High powered delegation to promote investment and exports in Germany

Views - 220 Tuesday, 25 September 2018 00:00

A high powered investment delegation led by Minister of Development Strategies and International Trade Malik Samarawickrama will make a strong pitchthis week for German investment to Sri Lanka. The delegation will visit Frankfurt, Hamburg and Berlin


Govt. decision to lease Trinco oil tanks to India a betrayal: Wimal

Views - 39 Saturday, 22 September 2018 00:21

The Government decision to lease out Trincomalee oil tanks to India strategically betrayed Sri Lanka, Parliamentary Leader of the National Freedom Front Wimal Weerawansa said in a statement.


SLT and HISSL jointly hold “Digital Health: From possibility to reality” program

Views - 19 Saturday, 22 September 2018 00:20

Sri Lanka Telecom (SLT), together with the Health Information Society of Sri Lanka (HISSL), successfully presented a knowledge sharing program themed, “Digital Health: From possibility to reality” at Jetwing Colombo Seven recently. This was a gre


OPPO launches ‘OPPO F9 Lucky Draw’ with Abans

Views - 43 Saturday, 22 September 2018 00:19

OPPO launched an exclusive gift bonanza – ‘OPPO F9 Lucky Draw’ with one of its best business partners Abans, for the recently launched flagship brand OPPO F9. Buyers of OPPO F9 who now purchas


COMBANK conducts financial literacy program for farmers in Tissamaharama

Views - 32 Saturday, 22 September 2018 00:19

A financial literacy program for paddy farmers in the Tissamaharama area was conducted recently by the Commercial Bank of Ceylon in collaboration with the Central Bank of Sri Lanka. A group of 120 pad


Today's Columnists

Challenges in preserving and promoting Pakistan’s Buddhist past

Saturday, 20 October 2018

The international media has been portraying Pakistan as a hotbed of Islamic fundamentalism, especially after the Americans carried out a surgical strike there to kill international terrorist and fugitive, Osama bin Laden.


Government’s cohabitation stuck in the past or what?

Friday, 19 October 2018

The appointment of career judge Nalin Perera as the new Chief Justice, who has served in the judiciary for over 30 years, provides a snapshot into President Maithripala Sirisena’s thought process, amidst various stories of clashes with his coalitio


Profit before principle: Khashoggi and US-Saudi relations

Friday, 19 October 2018

The mysterious disappearance of a Saudi journalist, Jamal Khashoggi, from inside the Saudi Embassy complex in Turkey on 2 October and an array of circumstantial evidence surrounding his disappearance lead one to suspect that Jamal was possibly abduct


When shame and honour take the hypocritical centre stage

Friday, 19 October 2018

As human beings, we experience a gamut of emotions. These help individuals to express themselves, and authorities to exercise control over entire societies. The most common feelings engendered by our race span a spectrum from guilt and shame to fear.


Columnists More