CNCI committed to making the new Govt’s vision succeed

Published : 12:00 am  January 21, 2015  |  Category: Business  |  Leave a Comment  |  67 views  |  

The Ceylon National Chamber of Industries (CNCI), the premier Chamber for the industry in the country, in a statement yesterday praised the efforts of the reformist Government led by President Maithripala Sirisena in striving to enforce good governance and implement the 100-day work program leading to people’s expectations at all levels. CNCI is the pioneering industry Chamber in Sri Lanka and it was established over five and a half decades ago, after the independence of Sri Lanka and was incorporated by a special Act of Parliament. The Chamber CNCI serves as the foremost service facilitator to the Sri Lankan Industry. The Chamber further added that, in appreciation of the importance of the... 


Operational excellence critical for business

Published : 12:00 am  January 21, 2015  |  Category: Business  |  1 Comment  |  86 views  |  

Definition Operational excellence is not easy to define. Often, we end up with definitions that seem plausible in an academic sense, such as ‘Being world class’, ‘Being the best globally’ or ‘Excellence in everything we do’ but are difficult to translate into practical actions. In addition, there are many different interpretations of what ‘operational excellence’ is – which leads to the organisation as a whole lacking a precise definition and a roadmap to follow for achieving it.   What is operational excellence? How many companies in Sri Lanka today can claim that they are operationally excellent? Whilst there may be some companies in the manufacturing sector which are... 


Hayleys Plc powers CA Sri Lanka with lead sponsorship

Published : 12:00 am  January 21, 2015  |  Category: Business  |  Leave a Comment  |  74 views  |  

One of Sri Lanka’s largest multinational business conglomerates, Hayleys Plc will power the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) with a lead sponsorship. CA Sri Lanka Secretary/CEO Aruna Alwis, CA Sri Lanka Vice President Lasantha Wickremasinghe, CA Sri Lanka President Arjuna Herath, Hayleys Plc Chairman/Chief Executive Mohan Pandithage, Hayleys Plc Strategic Business Development Unit Director Sarath Ganegoda, Hayleys Plc Group CFO Dilhan De Silva and Hayleys Plc Head of Strategic Business Development Unit Manohari Abeyesekera   This is the first time Hayleys Plc has come on board to extend their support to CA Sri Lanka to carry out its educational and professional... 


Vipula Gunatilleka takes over reins of CIMA Sri Lanka Board

Published : 12:00 am  January 21, 2015  |  Category: Business  |  Leave a Comment  |  119 views  |  

Vipula Gunatilleka was inducted as the Chairman of the CIMA Sri Lanka Board for 2015 together with the new board at the Cinnamon Grand. CIMA Immediate Past Chairman Rajendra Theagarajah (left) passing on the mantle to new Chairman Vipula Gunatilleka at the Cinnamon Grand last evening    HNB Assurance Plc Managing Director Manjula de Silva and Managing Director Hayleys Industrial Solutions and Head of Hayleys Power and Energy Sector, Dr. Arul Sivagananathan was appointed as Deputy Chairman and Vice Chairman respectively at the event attended by over 300 CIMA members. Currently serving as the Group Chief Corporate Officer/Director of Aitken Spence Group Ltd., Vipula Gunatilleka is the Managing... 


IPS conducts workshop to support Sri Lanka’s Low Carbon Technology Renovation and Climate Technology Centre Network

Published : 12:00 am  January 21, 2015  |  Category: Business  |  Leave a Comment  |  134 views  |  

The Institute of Policy Studies of Sri Lanka (IPS) recently held a Multi-Stakeholder Workshop on Low Carbon Technology Renovation and Climate Technology Centre Network (CTCN) at the IPS premises in Colombo. The event was conducted as a part of a study carried out to evaluate the progress and identify follow-up actions to the country study on the Technology Need Assessment (TNA) in Sri Lanka. The study was conducted in collaboration with the Institute for Global Environmental Strategies (IGES), Japan in cooperation with the Climate Change Secretariat of the Ministry of Environment and Renewable Energy. The initiative was funded by the Ministry of Environment of Japan. The objectives of the workshop... 


Social and economic impacts to be considered in investment projects

Published : 12:00 am  January 21, 2015  |  Category: Business  |  Leave a Comment  |  194 views  |  

Minister Kabir Hashim outlines new approach in approving investments; holds first meeting with Chinese Ambassador By Waruni Paranagamage The Government will pay special attention to the social and economic impact when implementing an investment project, apart from the name of the investor or country of origin, when approving projects, asserted Minister of Highways and Investment Promotions Kabir Hashim yesterday. Hashim was speaking at his first meeting since taking up the ministerial post, when he met Chinese Ambassador Wu Jihanho last morning at the Ministry. The Minister emphasised that the Government would focus on strengthening the relationship between the two countries via the economic... 


Micromax launches first Android One device in Sri Lanka

Published : 12:29 am  January 20, 2015  |  Category: Business  |  Leave a Comment  |  299 views  |  

By Shehana Dain Targeting first-time smartphone users, Micormax Informatics, through its strategic partnership with Google, launched Canvas A1, the first Android One device, to the Sri Lanka market yesterday. “Potential first-time smartphone users in the country amount to 80% which made them enter the Sri Lankan market,” Micromax India General Manager Business Development Savio Mendonza said.                         The phone offers a high-quality experience, running Android’s 4.4 KitKat operating system. This will be one of the first phones in Sri Lanka to feature the new Android Lollipop release – an update that will offer... 


US heartened by new Lankan Government’s early steps to implement campaign promises

Published : 12:48 am  January 19, 2015  |  Category: Business  |  Leave a Comment  |  375 views  |  

Washington: The United States has commended the early steps taken by the new Sri Lankan government to implement the promises made during the election campaign. Assistant Secretary of State for South and Central Asia Nisha Desai Biswal has said that the US was looking forward to work with the administration of newly-elected President Maithripala Sirisena. “Our expectations from the new Government are the expectations of the Sri Lankan people. We simply want to support the new Government in fulfilling its campaign pledges to the Sri Lankan people,” Biswal told PTI. “We are extremely heartened by the steps that they have taken in these early days. We welcome the very resilient and robust verdict... 


The new Minister of Power and Energy Patali Champika Ranawaka says the new administration will creates a “revolutionary change” in the energy sector within the next 100 days.

Published : 12:46 am  January 19, 2015  |  Category: Business  |  Leave a Comment  |  700 views  |  

The new Minister of Power and Energy Patali Champika Ranawaka says the new administration will creates a “revolutionary change” in the energy sector within the next 100 days. Speaking to media after assuming duties Friday at the Petroleum Ministry, Minister Ranawaka said a new price formula for fuel and energy would be introduced soon. He said the Ministry would strengthen the functions of the Public Utility Commission and abolish the burden of taxes imposed on the energy and petroleum sectors in order to provide relief to the people.                         Addressing the corruption in the two sectors, the Minister said since for... 


SLASSCOM endorses President and his moves to stabilise and advance Sri Lanka

Published : 12:46 am  January 19, 2015  |  Category: Business  |  Leave a Comment  |  337 views  |  

SLASSCOM, Sri Lanka’s IT, KPO-BPM industry chamber, has pledged its fullest support to the new Government led by President Maithripala Sirisena, Prime Minister Ranil Wickremesinghe and the newly-appointed team of Cabinet Ministers. Representing SLASSCOM, its Chairman Jayantha De Silva shared his sentiments with regard to the optimism and expectations of the IT, KPO-BPM industry. De Silva stated: “I would like to congratulate the President and Prime Minister on leading with stability and reform at the centre of their agenda. As we enter a period of change, we appreciate and welcome the 100 day program which is a well-structured plan with defined goals. With good governance at the forefront,... 


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