Economists felicitate Professor Indraratna today

Published : 12:00 am  October 17, 2014  |  Category: Business  |  Leave a Comment  |  220 views  |  

The Sri Lanka Economic Association (SLEA) and the Indraratna Felicitation Committee have jointly organised an event to honour Prof. A.D.V de S. Indraratna, “the doyen of teachers of economics in Sri Lanka today”. The event marks Prof. Indraratna’s contribution of 10 consecutive years as President of the SLEA and launch of ‘Policy Issues for Sustained Development of Sri Lanka’ published by Professor Indraratna along with his immense contribution to popularise economics as a subject and to promote a dialogue on economic policy issues in Sri Lanka. Being a founder member of the Sri Lanka Economic Association, Professor Indraratna together with Dr. Gamani Corea, Dr. Jayantha Kelegama, Dr.... 


Minister Amunugama meets IMF Deputy MD

Published : 1:08 am  October 16, 2014  |  Category: Business  |  Leave a Comment  |  264 views  |  

Senior Minister for International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama met Deputy Managing Director of the International Monetary Fund, Washington, Naoyuki Sinohara during the IMF and World Bank spring Meeting 2014. Dr. Amunugama represented the Government of Sri Lanka and the President.  Read More →


Minister Amunugama meets China Deputy Finance Minister

Published : 1:07 am  October 16, 2014  |  Category: Business  |  Leave a Comment  |  266 views  |  

Senior Minister for International Monetary Co-operation and Deputy Minister of Finance and Planning Dr. Sarath Amunugama met Chinese Vice Minister of Finance Yaobin Shi in Washington on the sidelines of the IMF/World Bank meetings. They discussed the economic co-operation between the two countries including the setting up of the Asian Infrastructure Investment Bank and the Sri Lanka and China FTA.  Read More →


All-time record price for Hingalgoda Tea Factory

Published : 1:06 am  October 16, 2014  |  Category: Business  |  Leave a Comment  |  305 views  |  

Hingalgoda Tea Factory situated in Hiniduma, Galle, established an all-time record price at the weekly tea auctions held on 15 October by securing an attractive price of Rs. 745 per kg for a PF 1 grade in the Low Grown CTC category.  Hingalgoda CTC teas are renowned for their colour, strength and bright liquoring characteristics, which are keenly sought-after by a range of reputed tea exporters.  This line of tea was purchased by Union Commodities Ltd. Hingalgoda Tea Factory is managed by Tea Small Holder Factories PLC and the sole broker for the factory is John Keells PLC.   All-time record price for New Peacock Estate New Peacock Tea Factory situated in Pussellawa established an all-time... 


London-based Mortice starts operations in Sri Lanka

Published : 1:04 am  October 16, 2014  |  Category: Business  |  Leave a Comment  |  272 views  |  

London: Mortice Ltd., the AIM-listed security and facilities management company with India-focused operations, Tuesday said it has launched its Sri Lankan operations through its subsidiary Tenon Property Services (Lanka) Ltd. Mortice Executive Chairman Major Manjit Rajain said the Sri Lanka business launches with three new contracts in the healthcare and IT services sectors. “We are delighted to have started operating in Sri Lanka which represents a new milestone in the history of Mortice Ltd. and an important part of our plans to expand our activities across the Pan Asian region,” Rajain said in a statement to the London Stock Exchange. He said the Mortice management team is now fully in... 


Lifebuoy rallies Sri Lankan mothers to set a Guinness World Record

Published : 1:03 am  October 16, 2014  |  Category: Business  |  Leave a Comment  |  289 views  |  

Marking Global Handwashing Day on 15 October, Sri Lanka’s leading health soap brand, Lifebuoy, successfully broke the Guinness World Record title for the most participants in a hand washing relay. Sri Lankan mothers take part in a handwashing relay to break the Guinness World Record for the most participants in a handwashing relay to mark the Global Handwashing Day Committed to changing the hygiene behaviour of one billion consumers across Asia, Africa and Latin America, by promoting the benefits of hand washing with soap at key times, Lifebuoy has pledged to reach eight million people in Sri Lanka with the same message. Each year 1.7 million children around the world fail to reach their... 


Sri Lanka poised to be springboard to South Asia: Malaysian Chamber

Published : 1:01 am  October 16, 2014  |  Category: Business  |  Leave a Comment  |  192 views  |  

(Bernama) KUALA LUMPUR- Malaysian manufacturers should use Sri Lanka as a springboard to penetrate markets in South Asia, said the National Chamber of Commerce and Industry Malaysia (NCCIM) Secretary General Datuk Syed Hussien Al-Habshee. He said this after receiving a trade delegation from Sri Lanka here, headed by its High Commissioner to Malaysia, Ibrahim Ansar and the Sri Lanka Malaysia Business Council of the Ceylon Chamber of Commerce (SLMBC) President Nilrukshi De Silva. The delegation comprised representatives of 15 companies involved in diverse sectors such as trading, property, construction, shipping and jewellery. Ibrahim said bilateral trade would increase with more activities between... 


Hirdaramani Group starts work on factory in Mullaitivu

Published : 1:43 am  October 15, 2014  |  Category: Business  |  Leave a Comment  |  432 views  |  

The factory will open in March 2015 and be fully operational by May/June, employing approximately 450 people     On Sunday 12 October the Hirdaramani Group officially commenced construction work on a new apparel manufacturing facility in Puthukkudiyirippu, Mullaitivu, with the ceremonial laying of the foundation stone. The company is currently running a training facility in Mullaitivu and the establishment of the factory is the next step in creating jobs and opportunities for the communities in the area. “As a Group we made the decision to invest in the North-East of the country as part of our responsibility, as a corporate leader, to contribute toward the rehabilitation of the... 


Norfolk celebrates 20 years of offering quality and safe products to consumers

Published : 1:42 am  October 15, 2014  |  Category: Business  |  Leave a Comment  |  518 views  |  

A joint venture of British and Sri Lankan origin, Norfolk Foods offers quality meat, fish, poultry and vegetarian products. Established in October 1994, the company has catered to the discerning epicurean and offers over 150 products. The company was founded by Mohamed Ziauddin who had the patronage and support of the UK based Bernard Matthews Farm in Norfolk, where Ziauddin had worked as a Director previous to his entrepreneurial venture. Mohamed Ziauddin   The inspiration for the company’s name is a tribute to Bernard Matthews. Bernard Matthews and Bairaha partnered the company until Managing Director Mohamed Ziauddin decided to exit his partnership with Bairaha, at which point, Bernard... 


BOC partners in reconstruction of Jaffna Railway Station

Published : 1:41 am  October 15, 2014  |  Category: Business  |  Leave a Comment  |  295 views  |  

To strenghthen the bond between north and south   President Mahinda Rajapaksa unvailing the plaque in opening the BOC sponsored Jaffna Railway station and doing the first transaction on the BOC ATM. BOC Chairman Air Chief Marshal Harsha Abeywickrama and General Manager D.M. Gunasekara are also present   After 23 long years of absence from the railways the famous ‘Yal Devi’, the legendary train that linked Jaffna with Colombo, returned to her home station – Jaffna Railway Station on 13 October 2014 bringing President Mahinda Rajapakse and Minister of Transport Kumara Welgama. With the arrival of the Yal Devi the President ceremonially opened the Jaffna Railway Station for operations.... 


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