Running an effective administration is what people want

President Maithripala Sirisena and Prime Minister Ranil Wickremesinghe sat down together last week at the BMICH to answer questions from the public. It was a good show for the coalition government. But, ironically today people measure their leaders by action not by what they say in public.

Unilever and UNGC partner to mobilize collective action towards achieving SDGs

Unilever Sri Lanka together with the United Nations Global Compact (UNGC) Sri Lanka hosted a discussion on public-private sector partnerships to achieve the 2030 Sustainable Development Goals (SDGs) at The Hilton Colombo, recently.

South Asian cities face US $ 215bn-worth flood risks

NEW DELHI: As global attention focused on hurricanes Harvey and Irma, more than 41 million people across South Asia battled floods and displacement.

Third Space Global opens new regional headquarters at Orion City

Third Space Global, a UK-based company, opened its new regional headquarters at Orion City recently to enhance the online learning experience for school children by recruiting young and intelligent Sri Lankans, who are required to undergo an intensive training programme on the newest teaching techniques.

iflix appoints Anil Jhingan as new Chief Commercial and Financial Officer

iflix, the world’s leading entertainment service for emerging markets, continues its investment in executive talent with the appointment of Anil Jhingan as the company’s Chief Commercial and Financial Officer.

Using smart technology to monitor generator performance

The advanced ComAp remote generator monitoring technology ensures that your generator is never down or disabled by using smart technology to monitor the performance and to send alerts when fuel or maintenance is required.

Payoneer partners eZ Cash to simplify cross-border payments

Payoneer, an innovative cross-border payments company transforming the way businesses pay and get paid globally, announced that it has partnered with eZ Cash, Sri Lanka’s leading mobile money network and a brand of the Dialog Axiata group, which commands 50 percent of the country’s mobile market.

Exports, govt.’s top priority, says Malik

The government yesterday emphasized on the importance of Sri Lanka getting its export equation right in the short to medium term so that the country can reap the benefits of a stabilized economy, despite some leading global economists increasingly cast doubts over the ability exports has to drive sustainable economic growth. 

Colombo Dockyard banks on ship repairs, heavy engineering to return to profitability

Colombo Dockyard PLC (DOCK), which has been navigating through rough seas in recent years, is hoping to return to calmer waters in the next financial year, backed by ship repairs and heavy engineering projects.

Tea veteran stresses need for disciplining export sector

Tea veteran and Dilmah Tea founder Merrill J. Fernando yesterday reiterated that the Sri Lanka’s tea export sector is in need of disciplining and stringent quality checks.

China Merchant to reveal plans for H’tota port

The China Merchant Port Holdings will declare its plans for the Hambantota port at the Ceylon Chamber of Commerce organized seminar titled ‘South Asia’s Emerging Gateway City.

PUCSL invites public views on electric vehicle charging station rules

The Public Utilities Commission of Sri Lanka is now engaging with the public to create regulations for electricity vehicle charging stations (EVCS) and consumer rights for EVCS users.

Sri Lanka plans 16% increase in borrowing in 2018

REUTERS: Sri Lanka plans to increase its overall government borrowing by 16 percent in 2018 to Rs.1.8 trillion (US $12 billion), a document showed this week.

Brandix named Sri Lanka’s Exporter of the Year for 5th successive year

The Brandix Group has topped Sri Lanka’s ranking of exporters for the fifth consecutive year in 2016 to be declared the country’s Exporter of the Year by the Export Development Board (EDB) at a ceremony presided over by President Maithripala Sirisena yesterday.

Teejay honoured at CNCI Achiever Awards 2017

Teejay Lanka PLC, the region’s largest multinational textile manufacturer, was honoured at the recently concluded CNCI Achiever Awards 2017, organised by the Ceylon National Chamber of Industries. 

Korea-Sri Lanka agro tourism project seeks Cabinet nod

Pastem-Gala Sugar and Power Gen 2 Project, a joint venture between Sri Lankan, Korean and US parties, is seeking Cabinet approval to set up a US$ 350 million agro-tourism and waste-to-power public-private partnership project in the country’s poorest region, Uva Province.

Libertarian think tank launches project to monitor tariffs on food

Libertarian think tank Advocata Institute is launching a project to monitor import tariffs on food, with weekly updated figures available on the institute’s website as a ‘Food Tax Tracker.’

Ready to savour Annasi & Kadalagotu this year?

Last year we saw a giraya yielding Lucy Hami glowering at Sherlock Holmes as Nasrudin looked on, while Thenali, Tom and Jinna worked together to get the ‘Water Horse’ back in motion

FACETS – Bringing Sri Lanka’s Gem & Jewelry Industry Into the 21st Century

A tiny island in the middle of the Indian Ocean was once a prominent feature in the tales of explorers, scholars and merchants who spread the fame of the troves of precious gems hidden in its earth.

Coca-Cola's Lion Soda team triumphs as Champions at the annual Coca-Cola Sports Day

The employees of Coca-Cola Beverages Sri Lanka Ltd. recently celebrated their Annual Sports Day at the CH & FC grounds. The day of athleticism and sportsmanship was championed by the houses

Keells Super customers donate Rs. 2.5 million towards ‘Little Hearts’Project

Keells Super announced the completion of a fundraising campaign for the Little Hearts Project, with the donation of Rs. 2.5 milliontowards the treatment of children diagnosedwith Congenital Heart 

PLC Now Internationally Carbon Neutral Certified!

People’s Leasing & Finance PLC (PLC), Sri Lanka’s market leader in leasing and a subsidiary of People’s Bank, wasrecently awarded the internationally accredited CarbonNeutral®  certification

Hayleys to acquire Singer Sri Lanka for Rs.12.5bn

Diversified conglomerate Hayleys PLC, continuing with its buying spree, yesterday struck a mega deal to acquire a 71 percent stake in leading consumer durables retailer Singer (Sri Lanka) PLC (SSL) in a whopping Rs.12.5 billion deal.

Third Space Global employs online tutors from Sri Lanka to teach UK students

Third Space Global, a UK owned BOI approved company, opened its new regional headquarters at Orion City, Colombo 9 on 13 September 2017. The company has grown to over 200 staff since

Cartier’s First Exceptional Watches Event in Sri Lanka

Cartier hosted an extraordinary evening in collaboration with the Maison’s partner, Chatham Luxury. An exclusive watches selection were presented for the first time in Sri Lanka to showcase stunning 

Dialog sets eyes on becoming major force in finance sector

Dialog Axiata PLC, Sri Lanka’s premier connectivity provider, on Tuesday showed clear intentions of becoming a major player in the country’s finance space with the acquisition of a listed finance company, as the dividing line between technology and finance gets blurred by the day.

Shell International bags another LPG supply contract for Litro Gas

The cabinet of ministers has decided to purchase 300,000 metric tonnes (MT) of pressurized liquid petroleum gas (LPG) for the state-run Litro Gas from Shell International Eastern Trading Company. Shell International was also the winner of the previous year’s contract for supply of LPG to Litro.

Savings interest taxed higher under new tax law, so are foreign currency deposits

The interest on savings made by Sri Lankans have been made liable for a higher withholding tax by the new Inland Revenue Act, which was passed in parliament last week, a business forum in Colombo was told yesterday.

Fairway acquires 75% of Ascot subsidiary with rights to build 30-room hotel in Yala

The diversified business group, Fairway Holdings, yesterday said it would be purchasing 75 percent of Ascot Leisure (Pvt.) Ltd for a total of Rs.70 million.

Sri Lanka’s Google Loon dream still alive, says Harin

The Google Loon dream of the current government is still alive, with Telecommunication and Digital Infrastructure Minister Harin Fernando set to make a renewed effort at negotiations with the International Telecommunication Union (ITU) for the rights to use the frequency band required for the project.