Our FDI effort needs a makeover

Today for Sri Lanka to attract investment, we all know we need good institutions favouring economic freedom and the ease of doing business, market size and labour costs. Political risk does not lead to significant differences in foreign direct investment (FDI) across the region. We also know that the most promising reforms arise in the financial system, corruption, property rights and in some business regulations associated with starting up a bus

Browns wins National HR Excellence Award 2016

Brown & Company PLC bagged a prestigious award at the National HR Excellence Awards held at the BMICH on 21st of June. 

WIM recognizes professional and career women

The sixth Professional and Career Women Awards 2016 ceremony organized by the WIM and International Finance Corporation (IFC), a member of the World Bank Group, was held on June 24 at the Kingsbury Hotel where 50 women were appreciated for their achievements in different fields.

GIZ and CCC support Eastern, Central businesses

The Sri Lankan-German SME Development Programme, implemented by GIZ in cooperation with Finance Ministry Sri Lanka, aims to support a cohesive policy framework enabling SMEs to grow in an inclusive and eco-friendly manner. Through a wide range of technical assistance, it helps enhance competitiveness of SMEs through technology transfer, innovation and improved access to finance. The programme is funded by the Federal Ministry for Economic Coopera

GHR builds ‘Kingdom Residencies’ in Kotte

The ancient city of Kotte, the capital of King Parakramabahu VI, who unified the whole of Sri Lanka under his rule during the 15th century, has been chosen as the venue for the aptly named ‘Kingdom Residencies’, the latest venture by Global Housing & Real Estate Ltd (GHR). Kotte has once again risen to prominence as Sri Jayawardenepura, Kotte, the official capital of Sri Lanka and is home to the new Parliament complex.

Nawaloka MEP Concepts offers complete commercial air conditioning

Once considered a luxury, the air conditioner has now become an essential part of daily life. This is especially so for organizations which seek competent, professional and commercial air conditioning solutions that offer smart technology and energy efficient systems.

Global tourism giants to speak at Sri Lanka Economic Summit 2016

Senior executives of the globally acclaimed tourism players such as Shangri-La International, Australian Tourism, AirBnB, DERTOUR and JKH are expected to take the podium at the upcoming Sri Lanka Economic Summit 2016 to discuss the country’s highly potential tourism sector.

Will Sri Lanka get Green Climate funding?

In an attempt to address the needs of the vulnerable communities in Sri Lanka that are impacted by adverse effects of climate change, Sri Lanka has submitted a proposal to the Green Climate Fund for climate finance. The funding requested has as its objective strengthening resilience of smallholder farmers in the Dry Zone to climate variability and extreme events through an integrated approach to water management. 

Sanjeev and Kumar team up to build ‘The Smart Professional’

Two leading personalities, Sanjeev Jayaratnam and Kumar de Silva have joined hands to host a one-day Motivational, Skills Development, and Corporate Etiquette Workshop on 22 July at the Galadari Hotel in Colombo.   In this unique and specially created programme, the both of them, two well-known personalities in their respective fields, will share their tips and secrets on how they maintain professionalism at all times, always being in the pu

IPM National HR Conference takes HR to new vistas

The National Human Resources Conference 2016 organized by IPM Sri Lanka, the Nation’s leader in human resources management successfully hosted its 2-day flagship conference, the largest HR conference in South Asia, on 21st and 22nd June at the BMICH in Colombo. 

Dwellings Group and My Property conduct another property launch in Dubai

Dwellings Group together with My Property Pvt. Ltd. once again held a property investment forum at Grand Hyatt Dubai amidst an audience of 100 potential buyers comprising of a mix of Arabic, Indian and Sri Lankan investors. 

BMICH stamps digital media presence with Facebook competition

Sri Lanka’s premier iconic venue, the BMICH recently stamped its presence in the digital media sphere with an interesting Facebook competition for its fans.

Self-proclaimed experts and economic hitmen

Minister Champika Ranawaka has praised the government’s economic agenda while launching his latest book, but called for greater transparency and consistency in policymaking.

JP Roofing partners Construction Expo as Gold sponsor

Construction Expo 2016, Sri Lanka’s most comprehensive exhibition featuring all aspects related to the construction and building industry is scheduled to be held on 29th, 30th and 31st of July at the BMICH.

Sunil Wijesinha appointed RIL Properties Chairman

 Sunil G Wijesinha was recently appointed as the Chairman of RIL Property (Pvt) Ltd.  He  is a past pupil of S Thomas’ College, Mount Lavinia. He is a Chartered Engineer and holds a Master’s degree in Business Administration from the University of Sri Jayewardenepura.

CMA Sri Lanka holds first speechcraft awards ceremony

The CMA Sri Lanka Toastmasters Club conducted their first speechcraft program sponsored by the Institute of Certified Management Accountants of Sri Lanka. (CMA). 

The importance of a balanced diet in maintaining overall health and wellness

In today’s fast-paced world, staying healthy and eating well balanced meals can keep you productive and energized throughout

Marking World Volkswagen Day

A foreigner waits with her puppy to cross the road in front of Galle Face Hotel where World Volkswagen 

Licensed car dealers call for level playing field

The Colombo Motor Traders Association (CMTA) last week said that continuous ad-hoc policy making has been extremely advantageous for used car importers, while endangering the survival of professional licensed car dealers.

Brexit could boost case for trade protectionism: HSBC

Britain’s surprising decision to leave the European Union (EU) after 43 years in the 28-nation bloc will likely resurface 

Importers call govt. to be more consistent in policy making

The country’s exporters last week hinted that they were not getting due recognition to their contribution

Sri Lanka’s manufacturing contracts but services up in May

Sri Lanka’s manufacturing activities have contracted for the second month in a row in May, according to the newly compiled 

sian Alliance to sell general insurance unit to Fairfax in Rs.1.27bn deal

Asian Alliance Insurance PLC (AAI), a unit of diversified Softlogic group is to sell its entire stake in its fully-owned subsidiary

Brexit: The not-so-United Kingdom

Britain became the first country to vote to leave the European Union (EU), following a tense referendum and fierce campaigning on both sides. The final result saw the ‘Leave’ campaign win by a small

Access Engineering awarded subcontract for Polgahawela flyover

Access Engineering PLC, the foremost engineering company in Sri Lanka, was recently awarded the subcontract to construct the Polgahawela flyover, a much-needed solution for heavy traffic snarls daily amass at Polgahawela railway crossing.

FITIS to unveil series of new initiatives to boost Sri Lanka’s IT industry

The Federation of Information Technology Industry Sri Lanka (FITIS) announced plans to unveil a series of new ini

Global banks seek to reassure after Brexit vote

AFP: Global banks sought to reassure investors and clients Friday that they will absorb the impact of Britain’s vote to leave the EU, with US giant JPMorgan warning that financial sector jobs may leave Britain.

Do more for less this summer with ‘My Emirates Pass’

Emirates passengers can experience more of Dubai this summer by enjoying deep discounts and exclusive offers across the city with ‘My Emirates Pass’, launched jointly with Department of Economic Development in Dubai. 

Crimson Creative Solutions only SL winner at World Star Awards

Crimson Creative Solutions (Pvt) Ltd was recently awarded a World Star Award in the Point Of Sale category for its work on the Anchor Newdale Supermarket Display Concept. 

Fitch revises Siyapatha Finance’s Outlook to negative; affirms at ‘A-(lka)’

Fitch Ratings Lanka has revised the rating Outlook on Siyapatha Finance PLC (Siyapatha) to negative from stable and affirmed its National Long-Term Rating at ‘A-(lka)’.