New twist to Sri Lanka’s impending power crisis

Striking a heavy blow to the aspirations of the Ceylon Electricity Board (CEB) engineers to include coal in Sri Lanka’s future power generation mix, their peers working at the Norochcholai coal power plant have in a petition noted that fly ash from the plant is becoming an unbearable health hazard for the power plant’s employees and nearby villages. 

Entrepreneurship and export drive to take centre stage in OBG report

Sri Lanka’s plans to nurture small and medium-sized enterprises, as part of its longer-term bid to achieve upper-middle-income status, will be explored in a report due out in the coming months by the global research and consultancy firm Oxford Business Group (OBG).

Tea Board chief to address supply chain forum

The recent developments in the supply chain of Ceylon Tea was an eye opener for the local tea industry. 

LVS launches Youth Social Enterprise Programme

According to a World Bank report titled ‘The challenge of youth employment in Sri Lanka’ educated young people make up a third of Sri Lanka’s unemployed, while young workers in informal employment account for a third of the total workforce. 

Looming LPG price crisis amidst upward trend in global market

A permanent shift in the international prices of liquefied petroleum gas (LPG) has been taking place during the past few months fuelled mainly by the price fluctuations of the Saudi Aramco contract price (CP) of LPG. The Saudi Armaco CP is the key global benchmark of LPG price regulations in Arabian Gulf and Asian region and by February 2017, the CP price rose by 20 percent in comparison to the price range recorded in the previous month. 

How can economists contribute to business strategy?

The traditional role played by economists is restricted to forecasting economic issues, outlining the ways in which they can be economically tackled and finally contributing towards economic policy-making. Hence, one can criticize that economists play an advisory role rather than actively contributing to the production process in the economy. 

Inmark Eco Solutions introduces Nano Shield to Sri Lankan market

Staying indoors to stay away from soaring heat can be always tricky when there is less protection from sunlight, ultraviolet (UV) and infrared rays (IRs). However, the perfect solution for that has already hit the Lankan market. 

Scan Jumbo Peanuts concludes Jumbo Bonanza

Following the tremendous success of the Scan Jumbo Peanut ‘Cycle Wassa’ promotion over the past 3 years, the Scan Products Division of C.W. Mackie PLC decided to go a step further by introducing the Scan Jumbo Bonanza Consumer Promotion. 

Sampath Bank lends up to Rs.2 mn to retired government servants

Continuing to lend its support to government retirees, Sampath Bank scaled up the benefits being offered to them under the Sampath Samachara Government Pensioners Loan scheme.  The bank has raised the upper limit on this unique loan designed specifically for government retirees to Rs.2 million. 

Dialog Gaming powered ‘Play Expo’ concludes successfully

Showcasing the latest technology and experiences available for digital entertainment enthusiasts, Play Expo Sri Lanka, the first digital entertainment and technology expo in Sri Lanka was held successfully at the SLECC.

Bangkok to host screen and digital printing show

Federation of European Screen Printers Association will conduct FESPA ASIA, Asia’s largest exhibition for screen and digital printing from 22nd to 24th February in Bangkok, Thailand.

Huawei nova 2i rumored to get face recognition unlock feature

It is rumored that the Huawei nova 2i, which is the newest top seller in the premium mid-range smartphone segment, will be getting a surprise feature addition soon according to market sources in Sri Lanka.

Fortinet advises CISOs to mitigate BYOD and BYOA risks

Fortinet, a global leader in broad, integrated and automated cyber security solutions, warned Chief information security officers (CISOs) that the significant rise of bring-your-own-device (BYOD) and bring-your-own-application (BYOA) usage among today’s mobile workforce across Asia Pacific (APAC) are exposing corporate networks to more complex cyber security issues through shadow IT, data leakage and the cloud.

Rohan Victoria appointed Asian Packaging Federation President

 The Asian Packaging Federation has appointed a President from Sri Lanka, namely Rohan Victoria to its board of administration for the third time in its 50 years of existence.

Thai Sumeda introduces mosquito repellent joss sticks

One of Sri Lanka’s frontline joss stick producing companies,Thai Sumeda Enterprises under the trade name of Lanka Sumeda has introduced its latest mosquito repellent joss stick to the local market. Lanka Sumeda is manufactured using natural herbs such as Citronella, Lemongrass and Cinnamon and will come in the form of joss sticks to the hand of the consumers that imparts the fragrance of Citronella.

Avian Technologies hosts Kaspersky Awards Night 2018

Avian Technologies (Pvt.) Ltd held the Kaspersky Awards Night 2018 at the Water’s Edge recently. Sixteen partners and corporates received accolades for their performance in the year 2017. Present as Chief Guest was Kaspersky Lab South Asia General Manager Shrenik Bhayani who was accompanied by Kaspersky Lab South Asia Online Sales Manager Purshottam Bhatia along with Avian Technologies Directors Buddhika Liyanage and Ranil Francisco.

SriLankan Airlines achieves highest monthly revenue in December 2017

SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, achieved the highest ever monthly revenue in the company’s history in December 2017. 

SLASSCOM People Summit 2018 to kick off this February

The SLASSCOM People Summit 2018, which returns for the seventh time, aims to provide leaders at all levels with innovative talent management insights and perspectives from renowned global leaders, along with prime networking and experience sharing opportunities.

Seylan Bank unveils exciting gifts under ‘Tikiri New School Term Promotion’

Seylan Bank’s ‘Tikiri New School Term Promotion’ which has fueled enthusiasm andeagerness among children every year with its attractive offerings is coming forward for the 4thconsecutive year.  This year’s promotion includes a wide range of exciting gifts to further enrich the requirements of students who are expected to start their new academic year in 2018. 

Solanra contributes 1000 kilowatts of power to national grid

Solanra Pvt Ltd has met their target of contributing to the national electricity grid with 1000 kilo watts power within one year using German-made Jurawatt solar panels. 

Get your medicine delivered to your doorstep with eChannelling

eChannelling, the largest and pioneer Doctor Channelling Network in Sri Lanka, has joined hands with MyMed.lk

Avian Technologies hosts partner enablement event for Veritas

Avian Technologies (Pvt) Ltd, a leading provider of total unified threat management and secure content management

Sampath Bank Lends Up To Rs.2 Million to Retired Government Servants

Continuing to lend its support to government retirees, Sampath Bank scaled up the benefits being offered to them under the Sampath Samachara Government

Scan Jumbo Peanuts Successfully Concludes the Scan Jumbo Bonanza!

Following the tremendous success of the Scan Jumbo Peanut Cycle Wassa promotion over the past 3 years, the Scan

Sunshine group’s newly formed tea unit gets nod to list shares

The Colombo Stock Exchange (CSE) has approved the listing of shares of Sunshine group’s newly formed tea plantations subsidiary, Hatton Plantations Limited.

Add Perpetual Treasuries tax obligations to monies to be recovered: Chandra

Good governance activist Chandra Jayaratne has suggested that the government added the tax obligations of the scandalous primary dealer Perpetual Treasuries to the figure they hoped to recover from the firm.

SL cautioned of rate and currency shocks as they ready for next eurobond

As Sri Lanka readies for its next sovereign debt issuance and the first in 2018, Moody’s Investors Service (Moody’s) has sent warning signals amid further rate hike expectations in developed economies, as the country relies heavily on foreign debt and a sizeable section of the debt consisting of foreign currency.

Keells Foods beat challenging operating conditions to record profits in two years

Keells Foods Products PLC (KFP) reported a growth in third quarter earnings for the first time in two years as the giant in the processed meat industry appears to have weathered the market headwinds but the earnings still remain below 3Q16.      

Pathfinder to co-host one-day confab

The Pathfinder Foundation together with Carnegie India and an Australian delegation led by the National Security College at the Australian National University will co-host a one-day trilateral conference titled ‘Colombo Dialogue: Emerging Dialogue in the Indian Ocean - Regional Cooperation on Maritime Domain Awareness’ tomorrow at Cinnamon Grand, Colombo. The Dialogue will be sponsored by the Australian High Commission.

Saudi to build 9 desalination plants on Red Sea

REUTERS: Saudi Arabia plans to build nine desalination plants for more than 2 billion riyals (US $530 million) on the Red Sea coast, its environment minister said yesterday.