CCC CEO joins International Climate Reality Leadership Corps

As the world continues to see stronger storms, faster spread of wildfires, and water levels rise, one organization is taking action and inviting world thought leaders into the conversation to start creating change - The Climate Reality Project.

Fanam International accoladed at NCE Exports Excellence Awards

Fanam International (Pvt.) Ltd, a leading company in local organic compost fertilizers exports trade, was honoured with the Bronze award in Fisheries and Livestock of the Agriculture Value Added Sector at the ‘NCE Exports Excellence 2017’ award ceremony organized by the National Chamber of Exporters of Sri Lanka recently.

Poultry producers welcome maize import liberalisation

The recent budget proposal to allow the feed millers to import maize under a special limited quota to meet the shortfall in the local supply has been hailed by the poultry producers as a positive measure that will support greater efficiency within the domestic industry.As one of the highest revenue-

Samsung Sri Lanka launches 5-in-1 convertible smart refrigerator range

Samsung Sri Lanka recently announced the launch of its new generation five-in-one convertible smart refrigerator.

Softlogic launches ‘Maxmo’ brand of refrigerators

Softlogic Retail (Pvt.) Ltd has announced the launch of its own brand of refrigerators in Sri Lanka, targeting the ‘White Goods’ segment where it already has a strong presence, with a sophisticated product at an unbeatable price in the form of ‘Softlogic Maxmo’ refrigerators.

Ath Pavura provides dynamic platform for Lankan social entrepreneurs

One month since its inception, Ath Pavura, the first ever TV reality show for social entrepreneurs and impact investors hosted on nation’s premier TV channel is creating a unique platform to flow equity capital to micro, small and medium level entrepreneurs.

Sujeewa leads Sri Lanka-France Business Forum

The Sri Lanka-France Business Forum with the participation of eight Sri Lankan companies and over 20 French participants was held recently at the French Business Confederation - MEDEF International in Paris. 

DMC calls for private sector collaboration to up disaster management preparedness

The Disaster Management Centre (DMC) yesterday urged the need for firming up collaboration with the private sector in uplifting the country’s preparedness level as Sri Lanka’s response and action towards environmental adversities remains grim.

Manufacturing and services activities expand in October at slower pace

Sri Lanka’s manufacturing and services sectors expanded in October, albeit at a slower pace, according to the latest data released by the Central Bank, The manufacturing sector PMI recorded 54.8 in October, which is a decrease of 4.2 index points compared to September 2017.

Getting women to work is not just HR, it’s about smart economics: WB Country Director

Removing barriers to women’s paid work will encourage more Sri Lankan women to participate in the workforce, finds a new World Bank report. 

CCC to host Indo-Lanka trade discussion

The Ceylon Chamber of Commerce (CCC) will host a discussion titled ‘Greater Potential for Sri Lanka – India Economic Relations’, with the presence of Indian Prime Minister’s Former Economic Adviser Dr. S. Narayan, who will share his views and observations.

SLIBC strengthens Indo-Lankan trade ties in Jakarta

Members of the Sri Lanka – Indonesia Business Council (SLIBC) recently attended the 32nd Trade Expo Indonesia that was held in Jakarta, as part of an ongoing effort to strengthen the longstanding trade relationship and strategic partnerships that Indonesia and Sri Lanka have shared.

HNB 3Q profit flat amid higher credit costs, slowdown in new loans

Hatton National Bank PLC’s (HNB) September quarter profit came under pressure amid significant credit costs charged against the profits, while the core banking operations moderated amid the slowdown in demand for new loans. 

Intex South Asia kicks off

The third edition of the Intex South Asia 2017 exhibition was declared open by Prime Minister Ranil Wickremesinghe at the Sri Lanka Exhibition and Convention Centre (SLECC), yesterday. The three-day exhibition will conclude on November 17, 2017.

EFC supports advancement of global entrepreneurship ecosystem

Global Entrepreneurship Week (GEW) 2017 which is held from November 13th to 19th this year, is celebrating 10 years of unleashing ideas and creating one global entrepreneurship ecosystem through its events and activities.

Tax cuts will allow beer to regain lost market share: Fitch

Credit rating agency Fitch yesterday said the recent budget proposals to change the taxation structure on beer and hard liquor products would see the former regain some of the market share it lost to the latter over the past year, although the credit ratings of the two largest beer and liquor producers are 

CCC CEO Joins the International Climate Reality Leadership Corps

As the world continues to see stronger storms, faster spread of wildfires, and water levels rise, one organization is taking action and inviting world thought leaders into the

Janashakthi creates history at Effie Awards with first Gold in Insurance category

Janashakthi Insurance PLC created history at the recently held Effie Awards 2016, winning the coveted Gold Award in the Insurance category.This was the first Gold won in the insurance

DSI won the Gold Award at the International Quality Circles Convention

Representing Sri Lanka with 2 Quality Circles, the DSI Samson Group emerged as the Gold Award winners at the recently concluded International Quality and Productivity Convention 2017

Janashakthi Continues To Charge Ahead With Double Digit Growth

Janashakthi Insurance PLC (Janashakthi) reported a consolidated Gross Written Premium (GWP) of Rs.11.047 billion for the nine months ended 30th September 2017

Maritime cold war developing in Indian Ocean Region: Dr. Jayanath Colombage

Admiral Dr. Jayanath Colombage, Director Pathfinder Foundation said that the Indian Ocean Region is a region of “strategic competition, strategic alliances for some major powers against others and strategic dilemma for smaller and less powerful states for major powers”. 

Former Indian Finance Secretary to speak on India-Sri Lanka Economic relations

The Lakshman Kadirgamar Institute of International Relations and Strategic Studies (LKI) and the Institute of Policy Studies of Sri Lanka (IPS) will host a joint lecture by Dr. S. Narayan, former Finance Secretary of India, on ‘India-Sri Lanka Economic Relations in Modi’s India.’ 

EU launches programme to reduce poverty in Uva and Central Provinces

The European Union (EU) launched one of the largest programmes of development support in the country. 

TEA welcomes economic reforms in budget

In a media statement, the Tea Exporters Association (TEA) yesterday welcomed the government’s budget for 2018 especially the proposals for trade reforms presented to the parliament by Finance Minister Mangala Samaraweera last week. 

Packaging industry says taxation will have ripple effect and hit multiple sectors

In a media statement about the tax increase on packaging raw materials under the proposed budget, the Sri Lanka Laminated Flexible Packaging Manufacturers’ Association says that the tax increase will only have a negative impact on the public who are the end consumers of packaged product. 

Higher charcoal prices continue to plague Haycarb in second quarter

Haycarb PLC appears to be caught up in a prolonged supply chain issue as the company known for activated carbon making is now struggling to source continuous supply of charcoal and its attempt to pass on the increased cost to the buyers has had 

SL develops regulations on adventure tourism

Steps are being taken to promulgate regulations related to all adventure tourism activities in Sri Lanka. Ten advisory committees have been appointed for each field of the adventure tourism service to setup international standards.  As per the initiative

Whistle-blowing yet to move beyond ‘requirement’ status: legal expert

Despite ‘whistle-blowing’ being made a mandatory requirement for listed companies by its regulator, the Securities and Exchange Commission (SEC), the benefit of the mechanism is yet to be fully reaped by the local entities, as the employees remain 

ComBank 3Q profit up on massive growth in new loans

Commercial Bank of Ceylon PLC (ComBank) reported solid performance for the July-September quarter (3Q17) as the lender expanded its loan book at exponential pace while improving both its asset quality and margins. 

CTC September net down over lower volumes

Ceylon Tobacco Company PLC (CTC), a unit of British American Tobacco, saw its September quarter (3Q17) performance affected by lower volumes due to higher prices of cigarettes following an excise duty increase in fourth quarter, last year.