CSR Lanka ties up with CSR Netherlands to build capacity in private sector

Published : 12:41 am  September 5, 2014  |  Category: Business  |  Leave a Comment  |  472 views  |  

CSR Lanka announced plans to partner with MVO Nederland (CSR Netherlands) to bring a unique training opportunity to thirty of Sri Lanka’s leading CSR specialists later this month. MVO Nederland is the largest CSR business network in Europe, and renowned as a knowledge centre for CSR. The workshop, which will be restricted by invitation to members of CSR Lanka, as well as few select corporate entities involved in long-term CSR will provide exclusive and tailor-made training and knowledge exchange by two global experts. The two-day workshop is scheduled to begin on 30 September. “Partnering with one of the world’s biggest and most respected CSR facilitators is a great opportunity for CSR... 


ICA to host 16th Congress in Sri Lanka 

Published : 12:40 am  September 5, 2014  |  Category: Business  |  Leave a Comment  |  183 views  |  

The International Coloured Gem Stones Congress (ICA), the sole global think-tank which serves to benefit the coloured gemstone industries, has chosen Sri Lanka as its host country for its 16th congress to be held from 16-19 May 2015 in Colombo at the Cinnamon Grand. This is the second time that Sri Lanka will be hosting the prestigious ICA event which prides itself for uniting various segments of the coloured gem trade. The theme for the event is ‘Sapphire & MORE’. A ‘Facets Congress Gem Show’ will also be held from 15-18 May at the same venue. The event, which is to be attended by leading international buyers, gem and jewellery academia, professionals, manufacturers, marketers... 


FACETS Sri Lanka 2014 opens today

Published : 12:00 am  September 4, 2014  |  Category: Business  |  Leave a Comment  |  280 views  |  

The stage is set for the latest edition of FACETS Sri Lanka 2014, the international gem and jewellery exhibition organised by the Sri Lanka Gem and Jewellery Association (SLGJA) for the 24th year. This year’s event is on from today, 4 September, to 7 September at the Sirimavo Bandaranaike Memorial Exhibition Centre. The event will be attended by over 150 stall holders including individual exhibitor pavilions from The National Gem and Jewellery Authority (NGJA) and an SME pavilion from the Sri Lanka Export Development Board (EDB). In addition, over 100 international buyer delegations will be attending the show across China, India, Myanmar, Dubai, Singapore, Thailand, Hong Kong, USA, Russia and... 


SLItBC benefitting Sri Lanka-Italy biz relations: Italian Ambassador

Published : 12:00 am  September 4, 2014  |  Category: Business  |  Leave a Comment  |  198 views  |  

The 15th Annual General Meeting of the Sri Lanka-Italy Business Council was held on the 21 August at the Hilton Colombo Residencies Colombo. The Council, which focuses on the objectives of “promoting investment, trade and joint ventures between Sri Lanka and Italy,” comes under the Ceylon Chamber of Commerce. The Chief Guest of the event, Italian Ambassador to Sri Lanka, Fabrizio Arpea, speaking during the occasion said that the business relationship between Sri Lanka and Italy has benefited greatly through the Sri Lanka-Italy Business Council. He said the work done by the Council has helped improve bilateral trade, investments, tourism and industrial cooperation between the two nations. Sri... 


Seychelles Minister invites Sri Lanka to tap West African market

Published : 12:00 am  September 4, 2014  |  Category: Business  |  Leave a Comment  |  212 views  |  

The Minister of Finance, Trade and Investment of Seychelles Pierre F. Laporte invited the Sri Lankan business community to use Seychelles as a platform to enter the West African Market. “As a member of the Southern Economic Community, we have free market access to the Southern African market, it would benefit Sri Lankans if they operate from Seychelles, either through processing or transhipment,” Laporte said. The Minister made this invitation when he visited the Ceylon Chamber of Commerce last week along with the head of Seychelles Board of Investment Rupert Simeon The duo was met by the Acting Secretary General of the Ceylon Chamber of Commerce Alikie Perera, while Senior Assistant Secretary... 


Sarasavi Exports acquires Isabella

Published : 12:21 am  September 3, 2014  |  Category: Business  |  Leave a Comment  |  570 views  |  

Combined production results in one of the largest producers of tights and socks in Sri Lanka Sarasavi Exports Limited a supplier to major high street retailers in the United Kingdom, acquired Isabella Limited from DBApparel Group, a market leader in branded intimate apparel and hosiery in Europe. The value of the net assets acquired is approximately Rs. 650 million. DBApparel, headquartered in France, owns 15 world renowned brands of which DIM and Nur Die, produced in Sri Lanka, are market leaders in their segments with a strong presence in France, Germany, and the Czech Republic. The acquisition results in Sarasavi Exports Limited contracting supply products to DBApparel Group through a product... 


Lanka Commodity Brokers MD/CEO issues denial

Published : 12:20 am  September 3, 2014  |  Category: Business  |  1 Comment  |  397 views  |  

Right of Reply With reference to the Daily FT article titled ‘Higher prices to carry tea to $ 2.1 b target’ published on 25 August 2014, Lanka Commodity Brokers Ltd. Managing Director and CEO Sarath Sirisena has sent the following statement which was also copied to Minister of Plantations Industries and Chairperson Sri Lanka Tea Board: My attention is drawn to the above news item on Page 1 and continued on Page 2 wherein, I have been quoted as saying that that the target set by the Tea Board is unrealistic and “I would say that even in the best year Sri Lanka will not be able to surpass a production of 350 million kg. Even if we did, reaching that earning within the next three years seems... 


Holcim Lanka clarifies story based on Cabinet spokesman’s comments

Published : 12:20 am  September 3, 2014  |  Category: Business  |  1 Comment  |  306 views  |  

Right of Reply With reference to the Daily FT article of 15 August 2014 titled ‘Cabinet approves $ 107 m solid waste disposal system for Colombo,’ Holcim (Lanka) Ltd. has sent the following statement, which has been copied to Cabinet Spokesman Minister of Mass Media and Information Keheliya Rambukwella, Ministry of Urban Development and Defence Additional Secretary Rohan Seneviratne and Government Information Department Director General Dr. Ariyarathna Athugala: The Metro Colombo Municipal Solid Waste Engineering Land Filling Project will be commissioned by the Ministry of Urban Development and Defence at a land which belongs to Cement Corporation in Wanathawilluwa and currently leased to... 


‘Our trade future looks good!’: Seychelles

Published : 12:19 am  September 3, 2014  |  Category: Business  |  Leave a Comment  |  189 views  |  

New air-connectivity boosts exports, transit travel: Seychelles ‘Proposing first Lanka-Seychelles Jt. Committee!’: Rishad ‘Accepted! You also get COMESA market!’: Minister Laporte Enhanced trade cooperation cemented by a new Joint Trade Committee will open Sri Lanka’s anticipated trade volumes with Africa said Seychelles on 27 August. Lankan exports to Africa’s top blue economy as well as transit passenger volumes to Colombo is now on the increase as a result of recent air connectivity. “The prospective Joint Trade Committee between Sri Lanka and Seychelles will be Sri Lanka’s platform for accessing the huge African market. Almost all the issues regarding quarantine of certain... 


Dr. Toru Takehara new Chairman of Colombo Dockyard

Published : 2:03 am  September 2, 2014  |  Category: Business  |  Leave a Comment  |  297 views  |  

Dr. Toru Takehara (PhD) has been appointed as the Chairman of the Colombo Dockyard from 1 September. He takes over from Akihiko Nakauchi, who relinquished his duties as the Chairman of the company from 31 August. Nakauchi retires after five successful years at the helm. Dr. Takehara holds a Bachelor’s Degree in Mechanical Engineering (1974) from the Osaka University, Japan and obtained his Doctorate in Mechanical Engineering in March 2000, conferred by Nagaoka University of Technology, Japan. Soon after his graduation he joined the Mitsui Engineering & Shipbuilding Co. Ltd., as a Design Engineer of Crane Division at Tamano Works Japan. From  1999-2012, he has served at Paceco Corp., located... 


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