Asanga speaks at World Economic Forum in Manila

Published : 12:00 am  May 27, 2014  |  Category: Business  |  Leave a Comment  |  308 views  |  

Kadirgamar Institute Executive Director Asanga Abeyagoonasekera spoke at the 23rd World Economic Forum held in Manila Philippines on 22 May. He was a speaker on the panel for ‘Transparency for Growth and Inclusion’. The underlying theme for the forum was leveraging growth for equitable progress. The meeting explored ‘Achieving Equitable Progress,’ ‘Advancing Models for Sustainable Growth’ and ‘Realising Regional Connectivity’. Among those who participated there were many world leaders and over 600 leaders from business, government, civil society and academic institutions representing 30 countries. Abeyagoonasekera said: “Sri Lanka is doing well economically after the end of... 


President visits SMIDEX 2014 exhibition

Published : 9:49 am  May 26, 2014  |  Category: Business  |  Leave a Comment  |  361 views  |  

President Mahinda Rajapaksa on Saturday evening visited the inaugural exhibition of small and medium scale industries, SMIDEX 2014. SMIDEX 2014 was held from 23 to 25 May at the BMICH to mark the 45th anniversary of the Industrial Development Board (IDB), the premier agency for industrial development and promotion in Sri Lanka. SMIDEX has been introduced as the foremost annual showcase to promote Sri Lanka’s SMIs with a special emphasis on SMI technology, machinery, raw materials and business development and other services facility. The organisers said a large number of exhibitors from both domestic and international markets have visited the exhibition, which focuses exclusively on SMI machinery,... 


Lankan delegation to attend Tunisia Investment Forum

Published : 12:00 am  May 26, 2014  |  Category: Business  |  Leave a Comment  |  261 views  |  

Minister of Industry and Commerce Rishad Bathiudeen will attend the Tunisia Investment Forum (TIF) 2014 along with a Sri Lankan business delegation on 12 and 13 June at El Mouradi Gammarth Hotel, Tunis. The forum takes place just six months after Tunisia’s adoption of a new constitution. Under the theme, ‘New Tunisia: New Democracy, New Opportunities’, TIF 2014 will showcase the impact of democratic progress on the country’s economic and social environment. The forum is expected to present a more transparent and conducive investment destination to the international business community, highlighting investment prospects and growth generating projects. Last year’s forum saw the participation... 


FMCG drives Sunshine Holdings revenue to Rs. 14.7 b; Rs 1.2 b profit

Published : 12:00 am  May 26, 2014  |  Category: Business  |  Leave a Comment  |  455 views  |  

Sunshine Holdings PLC has reported PAT of Rs. 1.168 billion for the year ending 31 March 2014 (FY14), down 6.8% YoY compared to Rs. 1.254 billion in FY13. The company’s reported top line stood at Rs. 14.7 billion in FY14 against Rs. 13.1 billion during last year. Its EPS was Rs. 4.47 billion, down 2.5% YoY. EBIT margin has contracted to 10.9% in FY14 compared to 13.1% in FY13 due to margin erosion in the agri sector, which is explored in detail below. Despite a 6.8% YoY drop in group PAT, profit to equity holders (PATMI) was down only 2.1% YoY to Rs. 599 million in FY14, due to the limited impact of agri sector on the profit to equity holders as a result of low effective holding. Company stand-alone... 


JAT in talks with Sherwin Williams

Published : 12:00 am  May 26, 2014  |  Category: Business  |  Leave a Comment  |  313 views  |  

Appointed Sayerlack distributor for Mauritius and Seychelles JAT Holdings Managing Director Aelian Gunawardene visited their principles Sherwin Williams Italy S.r.l with whom they have enjoyed a successful partnership since 1993. At this visit Sherwin Williams Italy S.r.l, manufacturers of the world’s number one wood coating brand ‘Sayerlack’, was proud to appoint JAT Holdings as their distributor for Sayerlack Wood Coatings in Mauritius and Seychelles, in addition to Sri Lanka, the Maldives, Bangladesh and India. “JAT Holdings have been the distributor for Sri Lanka, Bangladesh, Maldives and India and as a result of their excellent record over the past decade they will now handle... 


First Lanka-Belarus JEC, biz delegations in July amidst renewed trade

Published : 12:00 am  May 26, 2014  |  Category: Business  |  Leave a Comment  |  111 views  |  

Renews current $ 14 Mn trade, aims for bigger share Sri Lanka clinches Belarus support to save $ 1.7 b powdered milk bill   Belarus looking for JEC, biz delegation to Colombo next July As Sri Lanka’s trade with the virgin Eurasian market Belarus clocked in at $ 14 million, the gateway to the 170 million strong custom union wants to renew trade and business immediately as early as in July. “With your assistance, we want to prepare fruitful projects with Sri Lanka. We propose a Joint Economic Commission with Sri Lanka as early as July 2014 to be held in Colombo, if possible. We also can formulate the first Belarusian business delegation to Colombo during this event as per your interest,”... 


Commercial Bank-funded eco-friendly boat launched

Published : 12:00 am  May 24, 2014  |  Category: Business  |  Leave a Comment  |  519 views  |  

The dream of a Sri Lankan inventor was brought to fruition with the assistance of the Commercial Bank of Ceylon this week when Indresri Karunatilaka launched his eco-friendly boat on the waters of the Beira Lake. Members of the family of the legendary inventor Deshamanya Ray Wijewardene were among the first passengers on board the 12-foot, eco-friendly ‘Nadee Yathra’ – the winner of the inaugural ‘The Ray’ award for invention presented in 2012 by the Ray Wijewardene Charitable Trust in collaboration with the Sri Lanka Inventors Commission and the Commercial Bank. As Principal Sponsor of this life-time award, the Commercial Bank provided a grant of Rs. 1 million to enable Karunatilaka... 


Multilac, a global player in quality and competencies

Published : 12:00 am  May 24, 2014  |  Category: Business  |  Leave a Comment  |  274 views  |  

Multilac, was the only Sri Lankan manufacturer to participate at the 115th Canton Fair in China. The event was held from 15-19 April at Guangzhou in China. At the fair, Multilac showcased its products at the International pavilion. With the aim of discovering new markets and networking with International clientele while attracting global importers, Multilac marked its presence at the fair with its extensive product portfolio, which included innovative, high quality and eco friendly products that are manufactured for household, industrial, wood care, marine, and automotive segments. Adopting an effective marketing and branding strategy that was well received by the company’s prospective clientele,... 


Signal: Changing the oral healthcare habits of a nation

Published : 12:00 am  May 24, 2014  |  Category: Business  |  Leave a Comment  |  188 views  |  

Widely recognised as a key player in Sri Lanka’s oral health care sector for generations, Signal today has completed 55 years of being the toothpaste of choice among Sri Lankans. Looking back at a story closely entwined with the country’s progress made in the area of oral health, Signal has much to be proud of in its legacy of cultivating sound dental health in the country, says Siddharth Banerjee, Marketing Director of Unilever Sri Lanka. For over 36 years, Signal has worked in association with the Sri Lanka Dental Association (SLDA) in delivering a message of good oral health care to the country. Empowering communities with sound oral health habits and giving rural communities the opportunity... 


SLT launches world class ‘carrier-grade’ public Wi-Fi hotspots in Sri Lanka

Published : 12:48 am  May 23, 2014  |  Category: Business  |  Leave a Comment  |  978 views  |  

Existing SLT Broadband (ADSL) users can use same username and password to connect to any of SLT’s public Wi-Fi hotspots Main cities will be powered with high speed public Wi-Fi hotspots Business premises empowered to provide high-speed internet access to their visitors All type of Wi-Fi supported laptop, tab and smartphone users to benefit Sri Lanka Telecom (SLT), the national ICT solutions provider and the largest communication backbone network operator in the country, announced that it has introduced its cutting-edge ‘carrier-grade’ public Wi-Fi technology in Sri Lanka. All Sri Lankans are now able to experience the next evolution in wireless broadband connectivity in the very near... 


Page 31 of 600« First...1020...2930313233...405060...Last »