dailymirror.lk http://dailymirror.lk/RSS_Feeds/business-main The only Sri Lankan newspaper with round the clock news updates - Dailymirror Online Edition en-us rangazone.r@gmail.com Copyright 2018 German firms in Sri Lanka committed for further investments: survey http://www.dailymirror.lk/155810/German-firms-in-Sri-Lanka-committed-for-further-investments-survey http://www.dailymirror.lk/155810/German-firms-in-Sri-Lanka-committed-for-further-investments-survey The majority of German businesses operating in Sri Lanka are either planning or considering making further investments in Sri Lanka over the next two years, a survey conducted by the German Industry and Commerce in Sri Lanka (AHK Sri Lanka) has revealed. 
“German companie

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Fri, 21 Sep 2018 10:24:23 +0000
MAS recognised as ‘Exporting Conglomerate of the Year’ http://www.dailymirror.lk/155745/MAS-recognised-as-Exporting-Conglomerate-of-the-Year- http://www.dailymirror.lk/155745/MAS-recognised-as-Exporting-Conglomerate-of-the-Year- MAS Holdings made history by being recognized as the ‘Exporting Conglomerate of the Year’ at Presidential Export Awards 2018, held at the BMICH, under the patronage of President Maithripala Sirisena on Tuesday. 

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Thu, 20 Sep 2018 00:01:51 +0000
Sri Lanka secures US $ 50mn ADB loan for roof top solar http://www.dailymirror.lk/155710/Sri-Lanka-secures-US-mn-ADB-loan-for-roof-top-solar- http://www.dailymirror.lk/155710/Sri-Lanka-secures-US-mn-ADB-loan-for-roof-top-solar- Sri Lanka has secured a US $ 50 million loan from the Asian Development Bank (ADB) for rooftop solar power generation project under the much hyped ‘Soorya bala sangramaya’ or battle for solar power programme.

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Wed, 19 Sep 2018 10:01:58 +0000
Rupee hits record low for fourth straight day http://www.dailymirror.lk/155618/Rupee-hits-record-low-for-fourth-straight-day http://www.dailymirror.lk/155618/Rupee-hits-record-low-for-fourth-straight-day (Colombo) REUTERS: The Sri Lankan rupee touched a fresh low of 165.10 per dollar yesterday, due to higher dollar demand from importers and banks to facilitate foreign bond outflows amid exporters who were reluctant to sell the U.S. currency, market sources said.

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Tue, 18 Sep 2018 00:00:40 +0000
Public sector salaries, pensions to gobble 44% of govt. revenue this year http://www.dailymirror.lk/155593/Public-sector-salaries-pensions-to-gobble-of-govt-revenue-this-year- http://www.dailymirror.lk/155593/Public-sector-salaries-pensions-to-gobble-of-govt-revenue-this-year- Sri Lanka’s recurrent expenditure on public sector salaries and pensions will account for 44 percent of the government’s revenue this year across 
1,251 entities due to 

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Mon, 17 Sep 2018 09:54:58 +0000
“We are heavily promoting Colombo as a destination” Shangri La Colombo Director http://www.dailymirror.lk/155518/-We-are-heavily-promoting-Colombo-as-a-destination-Shangri-La-Colombo-Director http://www.dailymirror.lk/155518/-We-are-heavily-promoting-Colombo-as-a-destination-Shangri-La-Colombo-Director In an interview with Dailymirror Online Shangri La Colombo’s Director Sales and Marketing Chris McFall states that the hotel has been performing well as per the set benchmarks since the opening.

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Mon, 17 Sep 2018 08:15:00 +0000
Sustainable Energy Expo 2018 http://www.dailymirror.lk/155543/Sustainable-Energy-Expo- http://www.dailymirror.lk/155543/Sustainable-Energy-Expo- The “Sustainable Energy Expo 2018”, organized jointly by the Electricity and Renewable Energy Ministry, Sri Lanka Sustainable Energy Authority and the Chamber of Construction Industry opened at the BMICH (Nugasewana Hall) yesterday. Picture show Power and Renewable Energy Deputy Minister Ajith P.  Perera making inquiries about some products on display. 

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Sat, 15 Sep 2018 00:20:33 +0000
SL urged to adopt scrutinised strategy when engaging China to achieve hub aspirations http://www.dailymirror.lk/155486/SL-urged-to-adopt-scrutinised-strategy-when-engaging-China-to-achieve-hub-aspirations- http://www.dailymirror.lk/155486/SL-urged-to-adopt-scrutinised-strategy-when-engaging-China-to-achieve-hub-aspirations- Sri Lanka is urged to adopt a scrutinised strategy in engaging with China while utilising on balancing and enhancing measures such as FTAs to diversify relations with other economic powerhouses such as Japan and India to leverage on the island’s geostrategic positioning to establish itself as trade and finance hub, as similar to Switzerland 

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Fri, 14 Sep 2018 09:58:08 +0000
Shilpa Abhimani 2018 launched http://www.dailymirror.lk/155410/Shilpa-Abhimani-launched http://www.dailymirror.lk/155410/Shilpa-Abhimani-launched Shilpa Abhimani 2018 Presidential Handicraft Award Ceremony organised by the Industry and Commerce Ministry and National Crafts Council was launched yesterday at the BMICH under the patronage of Industry and Commerce Minister Rishad Bathiudeen.

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Thu, 13 Sep 2018 00:00:45 +0000
Sri Lanka ups tourist arrival target to three million this year http://www.dailymirror.lk/155353/Sri-Lanka-ups-tourist-arrival-target-to-three-million-this-year http://www.dailymirror.lk/155353/Sri-Lanka-ups-tourist-arrival-target-to-three-million-this-year Sri Lanka Tourism has upped its tourist arrivals target to three million from 2.5 million this year, while eyeing four million tourist arrivals next year as the new tourism promotional campaigns are getting off the ground.

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Wed, 12 Sep 2018 10:01:49 +0000
PM mulls on amending taxes to support private sector http://www.dailymirror.lk/155288/PM-mulls-on-amending-taxes-to-support-private-sector http://www.dailymirror.lk/155288/PM-mulls-on-amending-taxes-to-support-private-sector The government is in discussion with the private sector to amend some of the taxes recently imposed on it, which have been identified as hindering the growth of the private sector, Prime Minister Ranil Wickremesinghe revealed. 

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Tue, 11 Sep 2018 00:00:36 +0000
Former ComBank CEO on two listed firm boards http://www.dailymirror.lk/155258/-Former-ComBank-CEO-on-two-listed-firm-boards- http://www.dailymirror.lk/155258/-Former-ComBank-CEO-on-two-listed-firm-boards- Former Commercial Bank CEO Jegan Durairatnam, who recently retired, has been appointed to the director boards of two listed firms—a bank and a hotel owning company.

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Mon, 10 Sep 2018 10:08:38 +0000
Raising awareness for greater good http://www.dailymirror.lk/155202/Raising-awareness-for-greater-good http://www.dailymirror.lk/155202/Raising-awareness-for-greater-good Ceylinco VIP yesterday held a series of protest demonstrations to raise awareness among motorists and the general public alike on mainstream issues Sri Lanka is facing—from drunk driving to drug menace to violence against women. Kicking off the protests at the Galle Face from 7:00 a.m. to 9:00 a.m., Ceylinco held its sec

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Sat, 08 Sep 2018 00:20:17 +0000
SL eyes country pavilion at world’s largest consumer goods show http://www.dailymirror.lk/155153/SL-eyes-country-pavilion-at-world-s-largest-consumer-goods-show- http://www.dailymirror.lk/155153/SL-eyes-country-pavilion-at-world-s-largest-consumer-goods-show- Sri Lanka plans to have its own country pavilion at the world’s largest consumer goods show, Ambiente in 2020 organised by Messe Frankfurt. 
Addressing a media briefing in Colombo yesterday, Messe Frankfurt SP Sri Lanka CEO Omer Salahuddin revealed that Messe Frankfurt has been working with Export Development Board

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Fri, 07 Sep 2018 09:48:34 +0000
Finance Ministry special hotline to complain about ESL loan process http://www.dailymirror.lk/155073/Finance-Ministry-special-hotline-to-complain-about-ESL-loan-process- http://www.dailymirror.lk/155073/Finance-Ministry-special-hotline-to-complain-about-ESL-loan-process- The Ministry of Finance will launch a special hotline next week to receive public complaints on the Enterprise Sri Lanka (ESL) loan scheme as several reports have emerged that some banks have turned away the ESL loan applicants.

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Thu, 06 Sep 2018 00:00:58 +0000
Tea industry told to look outside in setting up hub http://www.dailymirror.lk/155025/Tea-industry-told-to-look-outside-in-setting-up-hub http://www.dailymirror.lk/155025/Tea-industry-told-to-look-outside-in-setting-up-hub Nathan Sivagananathan who drives strategy, growth and innovation at local apparel major  MAS Holdings, proposes Sri Lankan tea industry to set up a tea trade zone or a bonded hub

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Wed, 05 Sep 2018 09:20:18 +0000
Coordinated effort urged for Sri Lanka’s future water security http://www.dailymirror.lk/154945/Coordinated-effort-urged-for-Sri-Lanka-s-future-water-security http://www.dailymirror.lk/154945/Coordinated-effort-urged-for-Sri-Lanka-s-future-water-security A leading academic recently proposed to set up a coordination body and to launch a comprehensive watershed management plan to manage Sri Lanka’s water resources effectively as the current uncoordinated intuitional framework poses risks to the country’s water security, despite having sufficient water resources.

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Tue, 04 Sep 2018 00:00:50 +0000
Seismic study for petroleum resources begins http://www.dailymirror.lk/154917/Seismic-study-for-petroleum-resources-begins http://www.dailymirror.lk/154917/Seismic-study-for-petroleum-resources-begins The seismic vessel BGP Pioneer has arrived at the Colombo port to conduct a modern broadband 2D seismic survey for hydrocarbon exploration in selected offshore locations around the country. The study is carried out by Eastern Echo DMCC, a fully owned subsidiary of world’s largest oilfield player Schlumberger, at a cost of US$ 9 million. Picture shows Petrol

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Mon, 03 Sep 2018 09:20:13 +0000
Coca-Cola buys coffee chain Costa for US $5.1 bn http://www.dailymirror.lk/154867/Coca-Cola-buys-coffee-chain-Costa-for-US-bn http://www.dailymirror.lk/154867/Coca-Cola-buys-coffee-chain-Costa-for-US-bn LONDON (AFP) - Coca-Cola said yesterday it had agreed to buy international coffee chain Costa from its UK owner Whitbread, in a deal that gives the beverages behemoth its first global coffee brand.

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Sat, 01 Sep 2018 00:00:19 +0000
FACETS 2018 opens at BMICH http://www.dailymirror.lk/154795/FACETS-opens-at-BMICH http://www.dailymirror.lk/154795/FACETS-opens-at-BMICH The 28th edition of the FACETS International Gem & Jewelry Exhibition opened with a grand inauguration ceremony at the BMICH yesterday. 

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Fri, 31 Aug 2018 00:20:27 +0000