National Chamber to hold session with Thai Ambassador tomorrow

Published : 1:41 am  February 10, 2015  |  Category: Business  |  Leave a Comment  |  232 views  |  

A session on ‘Bilateral trade between Sri Lanka and Thailand’ with the Thai Ambassador will be held on Thursday 12 February from 3 to 4:30 p.m. at the Chamber Auditorium No 450 D.R. Wijewardene Mw, Colombo 10. Ambassador of Thailand in Sri Lanka Nopporn Adchariya Vanich will grace the occasion as Special Guest speaker accompanied by First Secretary of the Royal Thai Embassy. He will speak on the current business trend, trade potential, opportunities for export, import, investment/ and other services available in Thailand. At present Sri Lanka exports to Thailand – mainly diamonds, precious stones, gems, wheat flour, apparel, insulated wire, cable and other insulated electric conductors;... 


EDB’s 7th Footwear & Leather show surges with new Middle Eastern orders

Published : 12:59 am  February 10, 2015  |  Category: Business  |  Leave a Comment  |  217 views  |  

Industry expresses satisfaction; F&L exports double, surge to $110 m Sri Lanka’s seventh annual Footwear and Leather Fair organised by the EDB has garnered strong local and international buyer interest and for the first time, buyers from a wider Middle Eastern region are entering the Lankan market. “We are happy about this year’s fair and its success. International inquiries and even orders came mainly from Pakistan, Nepal, India and the Middle East; they were looking for casual footwear as well as industrial and safety shoe supplies,” said Ceylon Leather Products PLC MD/CEO and Footwear and Leather Fair Organising Committee Chairman Sithendra Senaratne yesterday at the BMICH. The... 


Economic relations with India crucial for SL economic hub: Ceylon Chamber CEO

Published : 12:58 am  February 10, 2015  |  Category: Business  |  Leave a Comment  |  236 views  |  

Ceylon Chamber of Commerce CEO Mangala P. B. Yapa says that economic relations with India will play a crucial role in making Sri Lanka an international logistic hub. He says, with India consistently growing as a big manufacturing and a consumption base coupled with its growing middle class, Sri Lanka’s relations with India will help tap the growing market opportunity. Yapa made these observations during a discussion held with Darja Bavdaz-Kurat, New Delhi-based Slovenian Ambassador for Sri Lanka and India, when she visited the Ceylon Chamber. “Sri Lanka needs to appreciate the unprecedented opportunity that is emerging in India and within South Asia. We can see a new developments in the India-Sri... 


MTI Bangladesh completes 10 years, signs up Kazi Farms

Published : 12:00 am  February 9, 2015  |  Category: Business  |  Leave a Comment  |  230 views  |  

MTI Bangladesh Country Manager, MTI team of analysts with the senior management of Kazi Farm     The wholly owned subsidiary of MTI Consulting in Bangladesh, celebrating 10 years since they set up in Dhaka, has added Kazi Farms to their growing list of top Bangladeshi business groups for strategy consulting and business advisory. Kazi Farms is the largest and most advanced feed mill in the country with technical assistance from Cargill USA and Buhler Switzerland and the grand-parent franchisee of Cobb-Van tress USA. The company is the sole distributor of layer hen for Hy-line USA, the world’s leading layer breed has over 50 state-of-art broiler parent farms, layer parent farms, broiler... 


Sujani Bogollagama quits ASCOT Board

Published : 12:00 am  February 9, 2015  |  Category: Business  |  Leave a Comment  |  318 views  |  

C.P. Sujani Bogollagama has resigned from the Board of Directors of ASCOT Holdings Plc with effect from 30 January. She was a Non-Executive Independent Director and did not hold any shares in ASOCT. Bogollagama holds an MSc in Corporate Finance from University of Aberdeen in UK and BSc in Mathematics with Business Studies from University of Surrey in UK and LLB from University of London. She has extensive local and foreign experience in financial related products and product development. With the change, the Board of ASOCT Holdings Plc comprises Mohan Ratnayake (Chairman/Non-Executive Independent Director), Rohan Iriyagolle (Executive Director/GM), N.D. Gunaratne, D.J. Gunaratne, M.D.A. Weerasooriya... 


Maithri appoints Upul Jayasuriya as BOI Chief

Published : 12:00 am  February 9, 2015  |  Category: Business  |  Leave a Comment  |  220 views  |  

President Maithripala Sirisena presents the letter of appointment to new Board of Investment Chairman Upul Jayasuriya         President Maithripala Sirisena on Friday formally appointed Attorney-at-Law Upul Jayasuriya as Chairman of the Board of Investment. In 1978 he served as the First Legal Advisor of the Greater Colombo Economic Commission, (Present Board of Investments of Sri Lanka) while serving the Attorney General’s Department as a State Counsel. During his time first 70 agreements were executed when Upali Wijewardena was the Founder Chairman of the BOI, then known as the Greater Colombo Economic Commission. He was appointed Chairman of Sri Lanka State Trading Tractor... 


Rishad waarns Errant traders

Published : 12:00 am  February 9, 2015  |  Category: Business  |  Leave a Comment  |  178 views  |  

Warns errant biz failing to pass budget relief to the people Instructs Consumer Authority to move fast ‘Complaints received on errant traders’: Rishad Hotline 1977 now open to Lankan consumers Minister of Industry and Commerce Rishad Bathiudeen has instructed the Consumers Affairs Authority (CAA) under his Ministry on 7 February to ‘move fast on errant traders who fail to give the recent budgetary benefits to Lankan consumers’. In line with the wishes of the new Government led by President Maithripala Sirisena, the Budget 2015 presented by Finance Minister Ravi Karunanayake brought relief to the consumer by reducing prices of certain essential items: one litre of kerosene reduced... 


National Chamber of Exporters geared to face export challenges

Published : 12:00 am  February 9, 2015  |  Category: Business  |  Leave a Comment  |  254 views  |  

From left: NCE Treasurer Zulficar Ghouse, NCE VP Ramal Jasinghe, Institute of Policy Studies of Sri Lanka Executive Director Dr. Saman Kelegama, Ambassador to Sri Lanka and the Maldives of Norway Grete Løchen, NCE President Sarada Desilva, Deputy Minister of Policy Planning and Economic Affairs Dr. Harsha de Silva, NCE Founder President and President Emeritus Patrick Amarasinghe, NCE Past President Rohan Fernando, NCE Council Member Kulatunga Rajapakse and NCE Secretary General/CEO M. Shiham Marikar     The National Chamber of Exporters of Sri Lanka (NCE) is the only private sector Chamber which exclusively serves Sri Lankan exporters. At present the Chamber has around 500 member... 


Sri Lanka, Pakistan discuss ways to boost bilateral trade

Published : 12:00 am  February 7, 2015  |  Category: Business  |  1 Comment  |  395 views  |  

As bilateral trade surged three times driven by the landmark Trade Agreement, Sri Lanka’s second largest buyer in SAARC promised a determined push towards the crucial next step-no less than one billion dollars in trade. “There is great upward trade potential that we can jointly explore beyond the current $460 m volume and therefore it is time to take steps to move towards $1 b in bilateral tradeas our next trade goal. Sri Lanka was the first country with whom Pakistan signed an FTA. This shows the importance Pakistan attaches to Sri Lanka in its regional policyand our confidence in the viability of the country’s economy,” said High Commissioner of Pakistan in Sri Lankatwo-star Major General... 


Sterling Aftercare Centre to brighten up Jaffna Trade Fair

Published : 12:00 am  February 7, 2015  |  Category: Business  |  Leave a Comment  |  293 views  |  

Sterling Aftercare Centre, who provides Sri Lankan vehicle owners the convenient attribute of aftercare services, was the main sponsor of the glamorous Jaffna International Trade Fair (JITF), which concluded on a high note for the sixth consecutive year recently. The prestigious event was organised with the prime objective of helping business entities of various industries to make inroads into the peninsula which had long been relegated as an area too risky to invest in. Now these constraints and restrictions are no more and the doors are wide open for entrepreneurs and established businesses to operate in an environment which is conducive for long and short term investment. Sterling Aftercare... 


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