Emirates announces new daily service to Orlando

Emirates, a global connector of people, places and economies,...

Shippers’ Council meets with SLPA Chairman

The Sri Lanka Shippers’ Council Executive Committee recently met with the newly...

Prudential Shipping to host FORCE AGM/Congress in Sri Lanka

FORCE 2015, a high-level meeting of representatives from 38-member countries will attend the congress...

Path Goal theory of leadership

The Path Goal theory was initially developed by Robert House to explain workplace leadership behaviours.

Make a fresh start

This is the New Year season, which we celebrate on a grand scale.

Fishy state of relations Contentious issue of Palk Strait fishing: Can we learn from India’s own pol

The spirit of good neighbourliness is a cherished attribute particularly when nations share natural resources.

Good governance is not just for politicians: Case of cigarette taxation

The Excise taxes on products such as cigarettes and alcohol are a significant source of government revenue.

Tanky Wickremeratne appointed NDB Chairman

N. G. (Tanky) Wickremeratne has been appointed the new Chairman of NDB Bank PLC with effect from April 20,....

New Peacock Estate records highest yield

Aitken Spence Plantations managed Elpitiya Plantations PLC’s New Peacock Estate in Pussellawa recorded,....

GIIN lists Sri Lanka’s private equity, development finance constraints

A report by the Global Impact Investment Network (GIIN), a world leading body promoting impact investments,..

Singhe Hospitals share shows resilience despite IPO setback

The debutant Singhe Hospitals share showed resilience at the opening day of trading despite the earlier negative responses...

SLI MD Bangsa Jayah appointed to Dockyard board

Sri Lanka Insurance (SLI) Managing Director T.M.R. Bangsa Jayah has been appointed to the board of Colombo Dockyard PLC,...

Tea, rubber smallholders cry foul over subsidy effectiveness

Recent information has brought to question the effectiveness of the subsidies announced...

Sierra IT awarded ISO 9001:2008 – A milestone in progressive journey

Sierra Information Technologies Ltd (Sierra IT) has been awarded the ISO 9001:2008 Certification, recognising the company's commitment to the highest standards of quality and service.

Krishantha Damunupola Appointed as Hotel Manager for OZO Kandy

The Thailand-based ONYX Hospitality Group announces the appointment of Krishantha Damunupola as hotel manager for the soon-to-open OZO Kandy.Mr Damunupola has held a number of senior management roles in the hotel industry for more than 20 years, including three years as operations manager for Hilton Imperial Dubrovnik in Croatia, one of the highest rated Hilton Worldwide properties in Europe. He has also been in the management teams of Hilton Wor

Tea exports to India up due to backdoor trade with Iran

Sri Lanka’s tea exports to India have increased exponentially, driven by Indian traders who may be trans-shipping to Iran at more competitive prices using their unofficial rupee-denominated currency swap arrangement with the oil rich sanctioned country.

Shares slip on profit taking

?REUTERS: Sri Lankan shares slipped yesterday from their more than one-month closing high hit in the previous session, as investors booked profits after three straight sessions of gains, brokers said.

Ceylon Chamber calls on Parliament to unite and pass 19A

?The apex private sector trade body in the country, the Ceylon Chamber of Commerce (CCC), welcomed the constitutional changes proposed under the 19th Amendment and called on the Parliament to unite and pass it into law.

Indonesia seeks to lure investors at ‘Asia’s Davos’

AFP: Indonesia welcomed business chiefs and government leaders yesterday to Asia’s edition of the World Economic Forum, as calls mount for President Joko Widodo to do more to show his commitment to reform.

Rupee forwards end steady; downward pressure seen

?REUTERS: Sri Lankan rupee forwards ended steady yesterday as banks’ dollar sales offset importer demand for the greenback, but dealers expect downward pressure to persist until the middle of this year due to lower interest rates.

Kurukularatne appointed as HDFC Director

?Udyama J. Kurukularathne has been appointed as a Non-Executive/Independent Director of HDFC Bank, with immediate effect, the bank informed the Colombo Stock Exchange.

Singer Sri Lanka in Rs.3bn debt issue

?Leading consumer durables retailer Singer Sri Lanka PLC plans to raise up to Rs.3 billion through a debenture issue. The unsecured redeemable debentures are likely to have a three-year tenure and to be issued in two tranches with fixed and floating rates.

CEB, Fentons become CMA training partners

?Two more prominent commercial organisations have joined hands with Certified Management Accountants (CMA), Sri Lanka in its efforts to produce management accountants who are skilled and well trained in their valued profession. 

Nolimit to limelight at JASTECA Taiki Akimoto 5S Awards

?It was a clean sweep for Nolimit, the largest fashion retail chain in Sri Lanka, at the recently concluded JASTECA Taiki Akimoto 5S Awards Ceremony 2014 as it could walk away with the most number of awards totalling up to 12 with three...

Maggi voted ‘Food Brand of the Year’ and ‘Youth Food Brand of the Year’

?Sri Lankan consumers voted Nestlé’s much loved food brand, Maggi, ‘Food Brand of the Year’ and ‘Youth Food Brand of the Year’ at the SLIM - Nielsen People’s Awards 2015 for the third consecutive year.  

Brandix celebrates excellence with ‘Rasadiya Mangalya’

?Apparel sector associates from Sri Lanka, India and Bangladesh united by their employer Brandix, were honoured at a spectacular celebration of excellence when Sri Lanka’s single largest apparel exporter hosted its annual ‘Rasadiya Mangalya’ in Colombo recently.

Dialog partners Vision 2020 to eliminate avoidable blindness

??Sri Lanka’s premier connectivity provider Dialog Axiata PLC partnered Vision 2020, a joint programme by the World Health Organisation and International Agency for the Prevention of Blindness to eliminate avoidable blindness amongst citizens. 

SLCHBC hosts biz meetings for visiting Liaoning and Yunnan delegations

?The Sri Lanka-China Business Council (SLCHBC) facilitated business meetings and networking sessions with visiting delegations from the provinces of Liaoning and Yunnan of the People’s Republic of China this month. 

China cuts bank reserve ratio requirement as growth slows

?AFP: China’s central bank announced Sunday it would cut the level of funds that commercial banks must hold in reserve by one percentage point, the second such move this year to boost lending.

Chartered Institute of Logistics and Transport holds AGM

?Chartered Institute of Logistics and Transport (CILT) held its AGM on March 30th at the Kingsbury Hotel. Niral Kadawathararachchi was reelected as the Chairman for his second term.