Govt. must prioritise what fiscal policy can and ought to do: IPS

Fiscal policy has been acknowledged to be the key towards much needed economic reforms, but the new government must prioritise what the policy can, and ought to do when putting together the upcoming budget, asserted influential think tank, the Institute of Policy Studies (IPS) this week.

Hastily drafted tech pact with India to be reviewed: Harsha

A committee has been appointed to look into the hurriedly conceptualized ‘Broader Economic Technology Partnership’ with India. “Now with India, the Prime Minister had discussions, and we have a small committee that will look into perhaps a Broader Economic 

RDB launches strategic planning process with MTI

MTI Consulting initiated the five-year strategic planning process for the Regional Development Bank (RDB), the largest development bank in Sri Lanka, with an interactive kick-off workshop session recently. 

NCC and SME Factors Lanka to conduct seminar on factoring

The National Chamber of Commerce (NCC) in association with SME Factors Lanka Ltd is conducting a forum on ‘Factoring For SMEs’ on  Thursday, 

China’s Yunnan Province wants more commercial ties with Sri Lanka

A delegation from China’s Yunnan Province visited Sri Lanka last week in a bid to boost commercial ties between the Chinese province and Sri Lanka.

Job Fair in Polonnaruwa on November 4

National Human Resources Development Council of Sri Lanka in collaboration with the National Chamber of Commerce (NCC) of Sri Lanka and the Vocational Training Institutions is conducting a Job/Career Fair on Wednesday,...

Sampath Bank expands operational excellence to Myanmar

On October 7, 2015, Sampath Bank PLC opened its first representative office away from the Sri Lankan shores in Myanmar. With the obtaining of license from the Central Bank of Myanmar to operate a representative office, the bank commenced operations in Yangon, the largest city in Myanmar.

A wife’s role can be crucial in business and in leadership – here’s why

It doesn’t always take a power-packed top-notch career woman to make a career work; for the men in higher positions, be it in political leadership or corporate leadership, increasingly the role of their spouse is becoming relevant towards reinforcing the popularity and the success of leadership.

Emirates Group embarks on enterprise-wide transformation strategy

Emirates Group, comprising the global businesses of Emirates airline and dnata, the air services provider,...

Emirates SkyCargo named ‘Overall Carrier of the Year’ for third year in a row

Emirates SkyCargo, the freight division of Emirates, continues to lead the air cargo industry by winning the coveted ‘Overall Carrier of the Year’ award at Payload Asia Awards 2015. This is the third consecutive year Emirates SkyCargo has received this prestigious award.

SriLankan’s ‘flygreen’ voluntary carbon offset project cited as an aviation climate solution

SriLankan Airlines’ voluntary carbon offset programme, ‘flygreen’, launched on the World Environment Day, this year, has been recognised as one of the aviation climate solutions by ATAG (Air Transport Action Group).

IPM member Devendra launches informative book on HR

Experienced human resources management professional, human resource consultant, resource person, trainer and member of IPM Sri Lanka 

Unilever introduces relaunched Lux Soft Touch, Lux Silk Sensation soaps

Lux has once again revolutionized the way women experience fragrances by infusing it with the fine fragrances in its exciting new range of soap. 

Esoft brings London degrees to Sri Lanka through strategic partnerships

Students wishing to pursue their undergraduate studies can now obtain a three-year British degree through Esoft, the university’s Sri Lankan affiliate

Leadership Archetyping programme to kick off on Nov. 2

Michel Nugawela, in association with CIMA Sri Lanka and the Association of Human Resource Professionals (HRP), will conduct the first Leadership Archetyping programme designed for C-Suite executives on Monday, November 2, 2015. 

Biofilm Biofertilizer receives int’l Organic Certification

Through obtaining the Control Union EU Organic Certification, Lanka Bio Fertilizers (Pvt.) Limited (LBF), the commercial partner of the Biofilm Biofertilizer project, ...

Arpico Educational Institute conducts int’l training for local teachers

The Arpico Educational Institute, which is part of Richard Pieris & Company PLC, is the group’s learning and development division committed to uplifting the standards of education in Sri Lanka.

Barista Lavazza opens latest outlet in Bentota

Colombo’s favourite coffee house chain Barista Lavazza, extending its reach to other key areas in Sri Lanka, recently opened its latest outlet in Bentota. 

CDB, Lanka IOC power CA Sri Lanka’s 36th National Conference of Chartered Accountants

Citizens Development Business Finance PLC (CDB) and Lanka IOC PLC will power the 36th National Conference of Chartered Accountants with Gold sponsorships.

The 2020 plan will reshape tourism industry: Minister

Mirror Business sat down with the new Tourism and Christian Affairs Minister John Amaratunga to discuss the new tourism master plan which will take the industry forward till 2020. Here are a few excerpts from the interview:

Plantation sector yet to reach consensus on revenue share model

The already dampened status of the local tea and rubber industry will go from bad to worse, or even collapse if the plantation sector trade unions fail to come to an understanding with regard to the prevailing wage issue, warned the Planters’ Association (PA) yesterday.

Dialog Axiata and BoI sign Rs.24.6bn investment agreement

Total investment by largest FDI in Sri Lanka to reach US $ 1.96bn Dialog Axiata PLC, the largest foreign direct investor (FDI) operating under the aegis of the Board of Investment (BoI) of Sri Lanka, 

Union Bank 3Q net up 51% over higher loans and lower impairments

Union Bank of Colombo PLC (UBC) group increased its net profit by 51 percent year-on-year (YoY) to Rs.76.7 million for the quarter ended September 30, 2015 on the back of a 15 percent growth in its loans and advances and lower provisions for possible bad loans, the interim results showed.

Vallibel to construct US $ 60mn integrated resort in Negombo

Business tycoon Dhammika Perera’s Vallibel One PLC has signed an agreement with the Board of Investment (BoI) to carry out the construction of its US $ 60 million integrated resort in Negombo.

Govt. to industrialize Hambantota Port

The Hambantota Port will be the locus of a new industrialization effort, Finance Minister Ravi Karunanayake said. “We will put our maximum effort into industrialize the port. We’re trying 

Platinum1 launches first five-star managed apartment investment

The launch of Platinum1 Investment Proposal 2015, brings with it unparalleled homeowner benefits and a financial security and investment appreciation guarantee, as a first of its kind innovation made available to discerning potential owners of the properties high-end units. 

LIC (Lanka) top achievers on tour to Malaysia

As a part of its policy in building a high performing dedicated agency force to increase its business in  Sri Lanka, LIC (Lanka) is  conducting various training and motivational programs with inside and outside motivators.  

Bosch inaugurates first Sri Lankan office

German technology and services supply giant Bosch inaugurated its first Sri Lankan office at the Orion City yesterday. “The inauguration of our new office marks an important milestone for our business expansion in the South Asian region. We look to further increase our 

LFVPPEA holds round table discussion on improving trade with India

The  Lanka Fruit and Vegetables Producers, Processors and Exporters Association (LFVPPEA), affiliated to the Ceylon Chamber of Commerce held a round table discussion with key stakeholders on ‘Improving Trade with India: Mutual Recognition in Conformity Assessment’.

Rupee little changed; downward pressure persists

REUTERS: The Sri Lankan rupee traded little changed yesterday as dollar inflows into a foreign bank through bond buying by foreigners offset importer dollar demand, dealers said.