None of the proposals that were put forward by the Tea Exporters Association (TEA) had been taken into account by treasury officials when preparing the budget for year 2014, despite the government’s constant emphasis on the said sector as one of the main exchange earners for Sri Lanka, a top industry official lamented last week.
The Sri Lanka-France Business Council (SLFBC) of the Ceylon Chamber of Commerce recently organized a welcome reception for the new French Ambassador to Sri Lanka Jean-Paul Monchau. Here the French Ambassador is seen with his wife along with Dilipan Tyagrajah President of SLFBC and his wife
The IMF Executive Board which last week concluded an ex-post assessment of exceptional access under the 2009 Stand-By Arrangement (SBA) and First Post-Program Monitoring Discussion with Sri Lanka has projected a real GDP growth of 6.5 percent for 2013 as a whole, somewhat below the authorities forecast of 7 to 7.5 percent. The IMF in a statement issued said that…
Sri Lanka’s earnings from exports in October 2013 reached US dollars 1,041 million, the highest ever monthly value recorded in the history of Sri Lanka’s exports, the Central Bank said last week. This growth was led by industrial exports followed by agricultural exports. Earnings from industrial exports in October 2013,
Havelock City recently launched the sale of two brand new luxury condominium towers. The two new towers; Stratford and Melford are each 28 stories high with breathtaking views of the Indian Ocean and landscaped lush gardens. A total of 300 luxury 2, 3, 4 bedroom units and a select number of penthouses were released to the market at a special…
Ceylon Leather Products Plc has recently clinched an award for manufacturing apparel, textile and leather products at the National Business Excellence Awards (NBEA) 2013 conducted by the National Chamber of Commerce of Sri Lanka.In late 1930, the British rulers were faced with a serious problem to find suitable leather to produce footwear and leather accessories to the British Armed Forces.…
The Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) Dr. Nalaka Godahewa last week said he was a little disappointed with large state-owned institutions as they had in majority kept away from stock market investments during 2013 in comparison to previous years. According to 12 month statistics from October 2012 to October 2013 compared to the previous…
For the third consecutive year, Singer’s popular lifestyle exhibition kicked off at the BMICH on Friday. The three day event which concludes today was formally opened by Stephen H. Goodman, Chairman, President and CEO of Singer NV, USA. Here Goodman is seen in conversation with Singer Group Chairman Hemaka Amarasuriya (centre) and Singer Group CEO Asoka Peiris
Following a barrage of criticism leveled at the government by opposition parties for imposing taxes on some essential food items through the Budget 2014, a Senior Minister last week said that the move will in fact help the country promote food security. According to him, the reason why Budget 2014 which was presented to Parliament on November 21, 2013 has…
The National Chamber of (NCE), Exporters Association of Sri Lanka (EASL), and the Joint Apparel Association Forum (JAAF) last week welcomed the market free initiatives in the Budget 2014 and said they would improve export competitiveness. The joint statement by the three Chambers is published below.
Sri Lanka has to look at ways of fostering local value chains, which contribute to delivering products and services for global markets, by concentrating more on the ‘inclusivity’ factor so that benefits of trade and investment could trickle down to all related segments, an economist pointed out last week. Speaking at the official launch of Asia Pacific Trade and Investment
“There is a lack of transfer of technology in several projects carried out in Sri Lanka”, said Senior Civil Engineer Malith Mendis. Mendis who was involved in the Mahaweli dams projects, Accident Emergency Unit at National Hospital, Development of Blended Cements and in the Colombo South and Hambantota Harbors in addition to several projects overseas, said that there is also
The Employers’ Federation of Ceylon (EFC) joined forces with employer members in November to train disabled charities, NGO’s and institutions in job seeking skills for the disabled community. Last month, the EFC teamed up with some of its member organizations and headed up to the North and East of the country to run a series of workshops on job seeking
Unveiling the government’s mid-term strategy, Secretary to the Treasury; Dr. P.B. Jayasundera declared that the government was hoping to bring down the fiscal deficit by 3.8 percent in 2016, while increasing the country’s per capita income by US$ 4,000 through a three year plan which will kick off next year.
The Divi Neguma minor export crop cultivation program which comprises (1) providing plants for home gardens, (2) introduction of crops to be grown on a commercial basis up to an extent of two-and-a-half acres, (3) developing cottage industries linked to minor export crops, (4) training self-employed persons in pepper pruning and (5) providing plants required for 100,000 home gardens program…
Sri Lanka Ports Authority (SLPA) received four prestigious awards at the National Business Excellence Awards 2013 held on November 27, 2013 at the Colombo Hilton. The awards ceremony was organized by the National Chamber of Commerce of Sri Lanka (NCCSL) following the Business Excellence Benchmark Competition. Ambassador of Japan Nobuhito Hobo attended as the Chief Guest of the event.
Access Engineering PLC was selected as the overall winner at the National Business Excellence Awards 2013 conducted by National Chamber of Commerce Sri Lanka. They were selected from among 86 nominees and they were also winners for the categories of Excellence in Business and Finance (Gold), Construction Sector (Gold), Extra Large category (Gold).
Sri Lanka is currently witnessing a growing trend where Small and Medium Enterprises (SMEs) and entrepreneurs are increasingly turning towards online web portals for recruitment ad postings.Leading online web portals such as ikman.lk are showing consistently increasing numbers of vacancy ads being published. This is a result of a change in attitude and approach amongst employers as they look for
Chartered Insurer Asoka Sirisena, Senior Assistant General Manager - Technical at Ceylinco Life, has been awarded Fellowship of the Chartered Institute of Insurance of UK (FCII), universally regarded as the premier qualification for those working in the insurance industry.The FCII status signifies that its holder has taken the commitment to professional development implied by Associate
Coca-Cola Beverages Sri Lanka Ltd, the manufacturer of the popular cola beverage in the island, today refuted claims that its operations in Sri Lanka have been suspended following a court order. Issuing a statement the company clarified that there is no impediment in law, for the company to continue with its production, distribution, and sales hence there is no impact