UTE hosts customer event to discuss challenges and strategies of energy sector

United Tractor & Equipment (Pvt) Ltd (UTE), renowned as a company in the forefront of power generation solutions hosted customers recently, to discuss key trends and new products shaping the local solar industry.

Rupee edges up on exporter dollar sales

The Sri Lankan rupee ended firmer yesterday as dollar selling by exporters and banks outpaced demand for the US currency from importers, but dollar purchases by state-owned banks weighed on the currency, dealers said. 

Government agencies review Port City progress

Twenty six agencies connected to the Port City project met for the 4th review meeting and site visit last week. 

Milo clinches ‘Global Master Brand’ title at first Master Brand Awards

It has been a year of accolades for Milo as it becomes the recipient of yet another new title: Sri Lanka’s ‘Global Master Brand’. 

Sri Lanka Economic Summit 2017 kicks off today

Sri Lanka Economic Summit 2017 will be inaugurated this morning with the participation of Principal Economic Adviser to Government of India Sanjeev Sanyal, Central Bank Governor Dr. Indrajit Coomaraswamy, Finance State Minister Eran Wickramaratne, Economic Planning Deputy Minister Dr. Harsha de Silva and Ceylon Chamber of Commerce Chairman Rajendra Theagarajah.  

Ceylon Institute of Builders honours Lanwa with Green Building Certification

Lanwa which have secured the green mark certification from the CIOB is the largest steel manufacture in Sri Lanka for years time and it has earned the largest market share in the local steel market. Lanwa  also boost the concept of ‘Towards a green Sri Lanka’ for the forthcoming Construction. By awarding,  the initiative taken and the keen interest shown by the Lanwa regarding the green concept were deeply appreciated. 

SriLankan reaches milestone launching latest connection to Coimbatore

SriLankan Airlines reaches an exciting milestone last Sunday as it launched a new four-times-a-week service to Coimbatore. This took SriLankan’s online destination count to 41, the highest ever in Sri Lanka’s aviation history.

Lubricant market leader doubts PUCSL industry growth numbers

Sri Lanka’s lubricant industry market leader, Chevron Lubricants Lanka PLC, yesterday contradicted the market regulator, the Public Utilities Commission of Sri Lanka (PUCSL), on the growth of the lubricant market during last year.

Dhanusha Marine opens Rs.300mn boat building factory

The second boat building factory of Dhanusha Marine opened July 7th 2017 in Kalutara.  This is in collaboration with Hyundai En Tech and Hanil Ship Building Company, Korea with a Rs.300 million investment. Managing Director, Dhanusha Marine, G. S. Fernando said, “Our production target under this project is to manufacture around 100 boats in the first year of operation. We will introduce new technology for fishing boat manufacturing and

Fitch forecasts tough times ahead for finance companies

Sri Lanka’s overcrowded finance company sector may have to brace for tough times ahead as the sector capitalization levels are expected to come under pressure amid the operating conditions set to turn hostile, Fitch Ratings yesterday said.   

Romesh David appointed new SAGT CEO

The Board of Directors of South Asia Gateway Terminals, Port of Colombo, at their meeting held on July 20th, has appointed Romesh David as SAGT’s new CEO in succession to Erwin Haaze.

AIA plants saplings as part of their ‘Go Green’ initiative

AIA employees joined hands with non-profit organisation ReForest Sri Lanka and the Athuraliya Divisional Secretariat, in an initiative to expand forest coverage in Sri Lanka. 

Customs to incorporate more technology into operations this year

In its endeavour to becoming a paperless institution, Customs Director General Chulananda Perera said Sri Lanka Customs would be looking to have more technological advancements during this year. “In terms of technology development, the concept of container tracing system is already done. 

Emirates adds flights to Khartoum increasing connection options for customers

Emirates has announced it will increase the frequency of flights between Dubai and Khartoum from five to seven a week starting August 8th.

International Trade Ministry holds workshop on ‘Innovation & Entrepreneurship Strategies’

Ministry of Development Strategies and International Trade jointly arranged with World Bank Group a workshop titled ‘ Sri Lanka Innovation & Entrepreneurship Strategies’, last week.  

CSR Lanka conducts first consultation: CSR 2.0 assessment tool for JIT

A team of members from CSR Sri Lanka conducted a workshop for the Just In Time Group (JIT) recently, to assess their current operations against systematic sustainability benchmarks. 

Peugeot and Carmart donate two cars for automobile engineering students

A social welfare project initiated during the tenure of former Finance Minister Ravi Karunanayake and former Skills Development and Vocational Training Minister Mahinda Samarasinghe.

New tax bill aims to widen tax net, cut indirect taxes: FinMin

Sri Lanka’s new tax bill, demanded by the International Monetary Fund (IMF) as a condition for a third tranche of aid disbursed this week, would seek to ensure that all citizens pay direct taxes and cut indirect taxes, top Finance Ministry officials said.

Fonterra’s endeavour to ensure clean water and sanitation for Sri Lankan children

One look at history will reveal that the first great civilizations all flourished in river valleys. Yet water not only holds the power to create, but also to wipe out civilizations. With full knowledge of this, our ancestors learned to tame this force of nature, which eventually paved the path to the advances and innovations we enjoy today. 

World tobacco outlook and Sri Lankan experience

Last week, the World Health Organisation (WHO) made a good report card on the global campaign against tobacco pointing out that many countries have achieved considerable progress in this endeavour. It reports that following the adoption of the Framework Convention on Tobacco Control (FCTC), the smoking rates in 126 countries have dropped from 24.7 percent in 2005 to 22.2 percent in 2015. 

Three-year plan to develop Trinco harbour

The Trincomalee harbour will be developed under a three-year plan, Ports and Shipping Minister Mahnida Samrasinghe, who made a visit to the harbour said recently. He said 10, 000 hectares of land vested with the harbour have been identified. This land will soon be gazetted and will be used to develop the port’s capacity, the minister noted. The port has four jetties currently in operation.

Chevron 2Q hit by bad weather, rising raw material prices

Chevron’s second quarter for 2017 was affected by weather anomalies, rising raw material prices and advanced buying in expectation of a price increase, Gomes said.

Quality of leadership key to getting results

Steve Jobs, Henry Ford and Lee Kuan Yew – what did these titans have in common? They had a clear vision of the future and the leadership skills to manifest the future they desired.

Deepal Sooriyaarachi Introduces Success SikshaTo Mid-Sized Business Leaders

The 13th of August 2017 will see famed management development consultant, Mr. Deepal Sooriyaarachchi introduce his latest program called Success Siksha. The program, which has been 

Milo clinches ‘Global Master Brand’ title at Sri Lanka’s first Master Brand Awards

It has been a year of accolades for Milo as it becomes the recipient of yet another new title: Sri Lanka’s ‘Global Master Brand’. Milo was awarded this title at the recently held inaugural Master Brand 

Cambio launches IT learning centre

Cambio Software Engineering launched their ‘Cambio Learning Centre’ with a view to providing final year IT graduates with practical knowledge and skills required to be industry-ready when they enter employment. 

Virtusa Chairman/CEO honoured with Lifetime Award

Virtusa Corporation, a global business consulting and IT outsourcing company that accelerates business outcomes for its clients, announced that the company’s chairman and chief executive officer (CEO), Kris Canekeratne, has been recognized with a Lifetime Award at the inaugural SLT Zero One Awards held in Colombo recently.

Startup X Foundry steals the show at Disrupt Asia 2017

Showcasing three outstanding new startups in acceleration as its launch ventures, StartupX Foundry stole the show at Disrupt Asia 2017, held at Hilton Colombo recently. 

Informatics Institute of Technology holds ‘Careers Day’

The Informatics Institute of Technology (IIT), a pioneer in providing British higher education in information technology and business in Sri Lanka, recently held its annual ‘Careers Day’ at the BMICH. 

IT leaders should cultivate situational awareness to prevent cyber threats: Fortinet

Fortinet, a global leader in high-performance cyber security solutions, today advised IT leaders in Sri Lanka to hone their situational awareness skills in order to better defend their organizations against cyber threats.