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Five youth, from Anamaduwa, Anuradhapura, Kandy, Puttalam and Matara, respectively, were recently appointed Elephant House Ice Cream dealers for their respective communities. These young people, who have become self-employed due to assistance provided by Elephant House, will now be operating Elephant House-branded mini ice cream trucks in their home locales. An initiative to help improve ...
- Crunch time with Elephant House Ice Cream (Category: Business)
- High response for ITN Dansala (Category: Breaking News)
- Elephant House with Deyata Kirula for sixth consecutive year (Category: Business)
Countries have achieved sustained growth and development by adopting a range of approaches. Successful outcomes have come from policies varying from state capitalism to those based on market-driven private sector-oriented models. A high premium needs to be attached to the pursuit of pragmatic policies that are appropriate for country-specific conditions at a given point in ...
- More private sector investments key for higher growth – ADB (Category: Business)
- Government and UNDP map out SDG investment for private sector to support recovery (Category: Breaking News)
- Plug the leaks (Category: Business)
- Govt. on right course, private sector must adapt and grow: Dr. P.B. (Category: Business)
measures changes in output for the industrial sector of the economy which includes manufacturing, mini...
- Rubber production increases in Sri Lanka (Category: Breaking News)
- Record growth in Sri Lanka tea output last year (Category: Breaking News)
- Sri Lanka produces own BTI to fight dengue mosquitoes (Category: Breaking News)
- Tea exports to be increased (Category: Breaking News)
Honda Motor Co. Ltd is confident of capturing 50% of the motor cycle market in Sri Lanka from the current 25%, banking on the growing Sri Lankan economy.
In biggest-ever industry deal, Asian insurance giant AIA enters Sri Lanka with $ 109 m investment to buy 92.3% stake in Aviva NDB Insurance Says timing is perfect as post-war rebounding Sri Lanka offers high growth opportunity; AIA’s first acquisition in two years after rigorous assessment Enters into 20-year bancassurance deal with NDB Marking the ...
- NDB enjoys $ 59 m net receipts; poised for investment and growth (Category: Business)
- Aviva shortlists Prudential, Manulife for Malaysia sale (Category: Business)
- Aviva adds Sri Lanka, S. Korea, Malaysia to Asia exit list: Report (Category: Business)
- Aviva-AIA deal signed, announcement today (Category: Business)
‘SLT Intelligent Solutions’ connects the T20 to the world Sri Lanka Telecom, the nation’s number one integrated communications service provider and the leading backbone infrastructure services provider, is proud to empower the ICC World Twenty20 Championship 2012 through ‘SLT Intelligent Solutions’, providing dedicated internet through Ethernet connectivi...
- Preview: Sri Lanka-Zimbabwe clash opens World T20 (Category: Breaking News)
- ICC T20 world Cup tickets for the finals sold out (Category: Breaking News)
- ICC launches World Twenty 20 Sri Lanka 2012 (Category: Business)
- ICC named Malinga is the event ambassador for T20 (Category: Breaking News)
Richardson Projects is a subsidiary of the Richardson Group, which is a pioneer in Sri Lanka’s electrical products and infrastructure industry recently launched the successor to Moeller brand Eaton. Moeller and Eaton, two of the most established and respected names in the electrical sector came together as Eaton acquired Moeller in the year 2008. In ...
- Richardson CFL bulbs take on a new shine (Category: Business)
- Schneider Electric expands retail distribution (Category: Business)
- Phoenix to manufacture world renowned 21st century technology ‘FlowGuard’ (Category: Business)
- Browns Group FY12 revenue tops Rs. 14 b (Category: Business)
The location of Sri Lanka has a strategic significance and this has been proven by the historical trading activities between Sri Lanka and ancient China, Egypt, and the Roman Empire. There is ample evidence to show that Sri Lanka was a main trading hub in Asia. The reasons for occupation of Sri Lanka by the ...
- Accelerating inclusive growth: The role of the external sector (Category: Business)
- Sri Lanka to revive FTA talks with India, China and Thailand (Category: Breaking News)
- Is Sri Lanka geared for globalisation? (Category: Business)
- EDB turns 33 (Category: Business)
Asian Development Bank (ADB) Vice President Xiaoyu Zhao has declared that Sri Lanka has big potential than any other country in Asia to become the most viable and attractive regional economic hub. “Strategic location, post conflict infrastructure development initiatives, peace and stability, high economic growth and able leadership are the main factors behind these potential,” ...
- ADB’s South Asia head meets Basil (Category: Business)
- Sri Lanka has big potential to be a viable regional hub – ADB (Category: Breaking News)
- New ADB, Sri Lanka partnership strategy agreed to target growth (Category: Breaking News)
- ADB’s new Sri Lanka partnership to target inclusive growth (Category: Business)
The Commercial hub of the island, Colombo has recently drawn a great deal of positive attention from Standard Chartered. The bank’s regional teams, impressed with Sri Lanka’s recent economic progress and development in business, have recognised the city as an ideal venue to host global conferences. In the next few months the local branch office ...
- Standard Chartered Wins FT/IFC Sustainable Global Bank of the Year Award (Category: Business)
- Standard Chartered kicks off ‘Go Forward’ with Liverpool Football Club (Category: Business)
- Standard Chartered sponsors Colombo Art Biennale (Category: Business)
- StanChart eyes $ 3 b Singapore revenue in three years (Category: Business)
The Consulate General of Sri Lanka Dubai M.M. Abdul Raheem visited Hamriyah Free Zone Authority this week and met with Director General Dr. Rashid Alleem to strengthen bilateral business association and investment promotion between the two countries. During his meeting Raheem highlighted the investment potential and business environment for Sri Lankan business community. Sri Lanka ...
- FTZ to reopen tomorrow (Category: Breaking News)
- Sri Lanka BOI denies allegations of delay in paying compensation for the family of killed FTZ em... (Category: Breaking News)
- Major Investment Move: Japan-Sri Lanka Free Trade Zone to Boost Economy with $15 Billion Investm... (Category: Breaking News)
- Close Watch (Category: Business)
Cathay Pacific Airways will celebrate 19 years of service in Sri Lanka on 1 October with a series of promotions to a host of exciting destinations in the region. These special promotional Economy Class fares will be issued between 1 and 5 October to the following destinations; Bangkok, Singapore
- Cathay Pacific adds value to your holiday with getaway surprise to Australia (Category: Business)
- Cathay Pacific Welcomes Policy Address Measures To Boost Long-Term Competitiveness of The Hong K... (Category: Breaking News)
- Cathay Pacific Welcomes Policy Address Measures To Boost Long-Term Competitiveness of The Hong K... (Category: Breaking News)
- Cathay Pacific Welcomes Policy Address Measures To Boost Long-Term Competitiveness of The Hong K... (Category: Breaking News)
East London recently received a boost as five ICT firms announced plans to expand their operations in Tech City, Europe’s fastest-growing digital hub. Milton Keynes, Sheffield and Ulster will also benefit from multi-million pound international business deals announced at the Global Business Summit on ICT, organised by UK Trade & Investment (UKTI) during the Olympic ...
- Sri Lanka: A hidden gem for IT, BPO and knowledge services, says A.T. Kearney (Category: Business)
- Infotel 2011 to ‘Accelerate IT’ (Category: Business)
- OpenArc offers 50 BIT Degree Scholarships for A/L Students (Category: Business)
HS Marketing (Pvt.) Ltd., a subsidiary of Sri Lanka’s leading menswear specialist Hameedia recently launched the largest ever store dedicated to its popular brand Signature in the bustling town of Piliyandala. Situated next to the main Piliyandala bus stand in the heart of the town, this 3000 sq ft Signature Store is a dedicated and ...
- SLIM Brand Excellence holds briefing for judges (Category: Business)
- Seylan Bank upgrades service in Piliyandala (Category: Business)
- Raux Brothers launches latest speciality store ‘Elements’ (Category: Business)
- HNB launches Visa Infinte and Signature Cards (Category: Business)
Global giant Standard Chartered Bank tips Sri Lanka’s economic growth to rebound in 2013, after contracting this year from 2011. It is forecasting economy to grow by 7.5% in 2013 and by 7.7% in 2014 from 6.8% this year. However, forecasts for the next two years are lower in comparison
- SCB checkmates cameo CB! (Category: Business)
- Value investors enter as speculators exit (Category: Business)
- Growth to slow down in 2012 –Central Bank (Category: Breaking News)
Globe Mirror Industries (GMI), the first tempering plant to be established in Sri Lanka in 1969 has been awarded ISO 9001:2008 certification, a clear indication of its growth and credibility in terms of maintaining a high standard of quality throughout the years. GMI was started by late Mohammed Nawaz and has since grown to be ...
- Piramal Glass wins National Biz Excellence award for second year (Category: Business)
- New wine glasses aim to balance “water and fire” (Category: Business)
- Piramal Glass Ceylon shines with Rs. 149 m after tax profit in 1Q (Category: Business)
- Piramal Glass Ceylon opens Rs. 25 m effluent treatment plant (Category: Business)
A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country
- Achieving economic goals amidst global challenges (Category: Business)
- Raising the bar: The rise of the Sri Lankan economy (Category: Business)
- Lion leads frontier markets (Category: Business)
Mobitel, the country’s state owned mobile communication company intends to play a key role in national information and communication technology (ICT) transformation. It is going through an organisational revitalisation process in order to gear up to make a greater contribution towards national transformation led by President Mahinda Rajapaksa. Under its ‘Change to Lead.Now’ organ...
- Taking IT to the villages, Mobitel opens regional IT centre in Kegalle (Category: Business)
- Mobitel rings back Lalith as CEO (Category: Business)
- National Transport Commission signs up with Mobitel for Mobile Enterprise Solutions (Category: Business)
- Sooriyawewa gets Mobitel’s first regional customer care contact centre (Category: Business)
Sri Lankan plantation industry veteran Dan Seevaratnam was awarded the Life Time Achievement Award at The Asia Pacific HRM Congress, one of the most prestigious human resource summits in the world held in Bangalore, India, last week. The award marks a significant achievement for the local plantation sector which is a people intense industry, being ...
- Watawala Plantations wins at Asia Pacific HRM Congress Awards (Category: Business)
- Sri Lanka’s Plantation Sector Receives International Recognition (Category: Business)
- Plantation company among Sri Lanka’s top 10 (Category: Business)
Recording a year-on-year sales volume growth of 400% in the current financial year and targeting a further 100% growth in the year ahead, Carmart, the sole distributor in Sri Lanka for Peugeot, has created a strong niche in the market and is poised for aggressive expansion in the coming year with an extremely diversified product ...
- All-new Peugeot 508 unveiled in Sri Lanka (Category: Business)
- Fiat CEO accuses VW of waging price war (Category: Business)
- International financial institutions and development in Asia (Category: Business)
- BMW in talks with GM on future technologies: CEO (Category: Business)
Quality recognition for Panasonic ceiling fans distributed island wide by Softlogic A product of internationally recognised consumer electronics brand Panasonic has been awarded the Sri Lanka Standard (SLS) 814 certification, one of Sri Lanka’s most exclusive quality recognitions. Awarded by the Sri Lanka Standards Institute, the SLS certification recognises design excellence and functional ...
- Samaposha gets SLS certification (Category: Business)
- Kelani Armoured Cables obtains SLS 1186 certification (Category: Business)
- SLS certification endorses Keells Sausages’ premium quality assurance (Category: Business)
- Chinas Midea Group Awarded SLS Certification (Category: Breaking News)
A reader of the previous week’s My View titled ‘SL’s future: Convert the simple economy into a high-tech based complex economy’ has taken up an important issue with this writer via email. He has said that it is unlikely that Sri Lanka could have a complex production
- Kick-start the New Year at MLH (Category: Business)
- ‘The Artist’ Wins Producers Guild’s Best Picture Award (Category: Business)
- President’s House handed over to Government (Category: Breaking News)
- Man charged with murder of Sri Lankan woman in Melbourne (Category: Breaking News)
In clear signs that Sri Lanka’s trade with India is set to grow further and recent noise about Sri Lanka in Tamil Nadu has almost no impact on the surging Business-to-Business (B2B) linkages, a 45-member strong biz delegation led by S. Rethinavelu, Senior President of the Tamil Nadu Chamber of Commerce and Industries (TCCI) is ...
- Coast Guard stand on TN fisherman ‘outrageous’: Jayalalitha (Category: Breaking News)
- Passenger ferry service between TN and Sri Lanka likely from October (Category: Breaking News)
- TN Chamber of Commerce concerned over attack on Sri Lankans (Category: Breaking News)
- TN Chamber of Commerce concerned over attack on Sri Lankans (Category: Breaking News)
Khaleej Times: Sri Lankan efforts to increase its export of skilled workers to the UAE were the topic of discussion in a gathering of diplomatic officials at an overseas employment promotion seminar held on 13 September. At the event, officials addressed local recruiters and employers on the procedures and benefits associated with hiring workers from ...
- Saudi- Sri Lanka pledges to send skilled workers rather than servants (Category: Breaking News)
- Sri Lanka fails to meet demand for foreign employment (Category: Breaking News)
- Skilled workers for overseas jobs - SL’s aim (Category: Breaking News)
- Sri Lanka seeks more jobs for skilled workers in Qatar (Category: Breaking News)
By Shanuka Tissera The Serendib Educational Foundation (SEF) provides financial support to talented students who have excelled in their secondary education and have the ability and skills to reach greater heights as they pursue higher studies. The 20th anniversary celebration took place at Cinamon Lakeside where the SEF proudly launched their latest website for both ...
- Tension at Kelaniya university (Category: Breaking News)
- Two Portland teachers take an icy dip in preparation for next year's 'Jump For Courage' (Category: USA, Maine)
- Two Portland teachers take an icy dip in preparation for next year's 'Jump For Courage' (Category: USA, Maine)
- Two Portland teachers take an icy dip in preparation for next year's 'Jump For Courage' (Category: USA, Maine)
The first ever national bamboo industry processing initiative launched 19 September, leverages UNIDO’s resources to the max while positioning for a promising 800,000 new jobs by 2019. “The national bamboo initiative launched today with about $ 24 million investment, in its first stage aims at strengthening the bamboo supply chain. The project aims to increase ...
- UNIDO’s first Lankan bamboo industry initiative today (Category: Business)
- Lanka’s fledgling bamboo industry gets UNIDO backing, aims 10000 Ha coverage by 2018 (Category: Business)
- UNIDO enlists top global financier GEF in pioneering alt-power push (Category: Business)
- Sri Lanka’s first-ever food certification firm set up with $ 1.3 m (Category: Business)
The Ministry of Economic Development together with other relevant ministries and institutions has initiated a program to revive the textile industry of Sri Lanka along with the apparel industry. Earlier Sri Lanka had well developed textile industry consisting handlooms. Powerlooms, fabric and cotton industries. But all these sectors were closed down after Sri Lanka introduced ...
- India supports local textile production (Category: Breaking News)
- Largest-ever textile delegation arrives (Category: Business)
- India to modernise textile mills in Sri Lanka (Category: Business)
Kelvinator, a world renowned brand of refrigerators, recently partnered with Softlogic to exclusively distribute and retail its newest range of refrigerator models. Softlogic being an established leading player in the retail consumer electronics market carrying authorised distributorships for world famous brand such as Panasonic, Samsung, Candy, Russel Hobbs, Midea, Dell, Nokia, Ignis and Xerox am...
- Softlogic launches own range of laptop computers (Category: Business)
- Softlogic Information Technologies introduce 21st century classroom in Sri Lanka (Category: Business)
- Relish the new taste of a healthy lifestyle with Samsung refrigerators (Category: Business)
- Softlogic Information Technologies launches Dell Gallery in Colombo (Category: Business)
“Genuine software, ultimately, is about optimisation rather than legalisation. Especially now that Sri Lanka is moving quickly, the economy will pick up even faster through partnerships with China, India and other developing countries. It’s the perfect time for companies
- Barclays Computers promotes use of genuine software (Category: Business)
- Microsoft Corporation vs Media Centre case in the SC: Parties agree for settlement (Category: Business)
- Tech One Global and Microsoft co-host Microsoft Education Solution workshop (Category: Business)
- Tech One Global and Microsoft co-hosts Microsoft Education Solution Workshop (Category: Business)
Cabraal says that price pressures will remain, keeps policy rates and growth figures steady The Central Bank kept policy rates unchanged yesterday, on expectations that inflation would remain contained to single digit levels on policy changes to reduce demand. The concerted efforts by the Central Bank and the Government earlier this year to curb the ...
- Credit growth to slow to 27% by December – Cabraal (Category: Business)
- CB seen keeping rates steady for fifth straight month (Category: Business)
- Sri Lanka to grow at 7.2% (Category: Business)
- CB banks on policy changes (Category: Business)
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