Search
Sunday 24 September 2017
  • :
  • :

Category: Business

Google unveils surprise restructuring under Alphabet

eight_col_000_Par7784904

Under the rebranding, Google will retain its best-known businesses, such as search, apps, YouTube and Android.Some of the newer entities, such as the investment and research divisions, the...

Ranil promises to develop Oluvil harbor as fisheries harbor

2126638755Ranil5

United National Party Leader Ranil Wickremasinghe has promised to develop the Oluvil harbor as fisheries harbor. He stated that the new government would develop Oluvil harbor as a major fisheries...

Over 90% Sinhalese appointed to North as Agricultural Research Production Assistants: Ainkaranesan expresses dissatisfaction

Jaffna_Hindu_Ayngaranesan_Ponnudurai

The NPC Minister of Agriculture Ainkaranesan, expressed his dissatisfaction over the Agricultural Research Production Assistance to appointed recently by the Government to the North. He said that out...

Signing CEPA, an unwise move – COYLE

Untitled-116

Certain Sri Lankan officials who engaged in discussions with India regarding the Comprehensive Economic Partnership Agreement (CEPA), are openly supporting Indian views, while turning a blind eye to...

Sri Lanka’s economic summit 2015 Updates

9460f5f35fa60362143f713999b97f6b_M

The following are highlights of Prime Minister Ranil Wickremesinghe’s presentation at the 2-day annual Sri Lanka Economic Summit organised by the Ceylon Chamber of Commerce which opened in Colombo...

ComBank, Euromoney’s Best Bank in SL

com-bank

Euromoney, widely considered as one of the world’s leading financial magazines, has adjudged Commercial Bank of Ceylon PLC as the Best Bank in Sri Lanka in 2015 at the magazine’s Asia...

Road and rail link between Rameswaram and Thalaimannar soon

Thalaimannar

A road and rail link between India’s Rameswaram and Sri Lanka’s Thalaimannar could be a reality soon as the government of India has asked Asian Development Bank to carry out...

Fuel supply at Lanka IOC’s Trincomalee unit records a high of 260 mln litres

ioc01-lankatruth

Lanka IOC, a unit of Indian Oil Corporation, is successfully maintaining 16 oil tanks at the Trincomalee tank farm increasing its supply of fuel from 160 million litres during the 2009/2010 financial...

Footwear manufacturing Cooperative for the first time in Jaffna

7

A cooperative Society to produce footwear from rubber was inaugurated yesterday in Jaffna. UNDP had provided  3.45 million rupees for the inauguration of this cooperative. Earlier, the Anthran...

Top Japanese insurer takes 6% stake in Ceylinco Insurance

2110498220_ceylinco_new_branch

TOKYO, Thursday — Mitsui Sumitomo Insurance has purchased a stake in Sri Lanka’s Ceylinco Insurance, becoming the first Japanese insurer to make a foray into the island nation with a growing...

Dankotuwa Porcelain to growth 722 million

Dankotuwa-Porcelain

Sri Lanka’s tableware exporter Dankotuwa Porcelain is to raise 722 million rupees by way of a rights issue, the company said in a stock exchange filing. Subject to the necessary approvals, the...

Facebook now used by half of world’s online users

FACEBOOK_432101a

Facebook said the number of people who check into the social network at least monthly grew 13% to 1.49 billion in the three months to the end of June.The number is equal to half of the...

Bank of Ceylon celebrates 75th Anniversary

z_piii-Bank2

Bank of Ceylon, celebrated its 75th milestone in 2014. As part of the 75th Anniversary celebrations, the Bank organised an anniversary walk from Viharamahadevi Park to BOC Head Office. In line with...

Sri Lanka’s tourism sector aims a fortune from Australia

download (1)

Sri Lanka Tourism focusing on the top ten source markets for Sri Lanka embarked on the key market- Australia, by staging a road show in Melbourne and then at Sydney Travel and Tourism Fair. Sri Lanka...

Unpaid bills delay road projects

z_p-49-Unpaid

Construction of roads and highways, a penchant of the Rajapaksa regime, which turned into a well-spring to amass wealth, ran into serious difficulty when the government was left with a hefty...

CAA reviews plans for Mattala Airport

srilankaairport_Mattala

Experts said the need was only to construct an alternative runway with a small terminal.Chairman, Civil Aviation Authority (CAA), Shibly Aziz (former Attorney General) said the CAA is reviewing plans...

85% of Road Development schemes completed-NPC, Minister Deneeswaran

dee

85% of the Road Development works for this year had been completed, said the NPC Minister for Road development , Deneeswaran said yesterday. He was speaking in  review meeting of the Project...

President visits Central Bank

mai

President Maithripala Sirisena visited the Central Bank last Thursday and was welcomed by Governor Arjuna Mahendran, just a week before the country’s leader said he had advised that Mahendran...

Cyber crime, a growing phenomenon

cyber-criminal

Cyber security is about building confidence and security in the use of ICT. The need of the hour is the awareness of possible threat and speed of response, Vice President, Certis Integrated Solutions...

Go-slow causes extensive losses to tea companies

sri-lankan-tea-4

Estate workers launched trade union action demanding a daily wage of Rs. 1,000 which plantation companies have so far refused to agree to owing to the losses they incur due to the rise in cost of...

Finance Minister orders probe into tsunami relief vehicles

ravi-karunanayaka

Sri Lankan Finance Minister Ravi Karunanayake has ordered a probe into imports of high-value vehicles for (2005) post-tsunami relief which were allegedly given to third parties without paying taxes...

Sri Lanka and Australia set up a business chamber

SLACC

Sri Lanka and Australia have set up a business chamber with the aim to enhance the bilateral trade between the two countries.The Sri Lanka Australia Chamber of Commerce (SLACC) has been launched at...

Jaffna Symposium on ‘Towards Ecological Agriculture’

Ecological

Governor of the Northern Province Palihakkara was the Chief Guest at the symposium on the theme ‘Towards an Ecological Agriculture’ held at the Jaffna Library Auditorium on July 3. Northern...

Northern Entrepreneur P.Nadaraja, owner of ‘Anna Coffee’ fame, no more

Nadaraja Anna Koppi

A role model entrepreneur, P.Nadarajah passed away yesterday in his 69th year. He rose from scrapes to be an industrialist, providing employment to hundreds of people. He was the founder of the Anna...

Large Stake net fishing method is a new threat in Southern Mannar Island area

Professor AS Soosai

Prof.A.S. Sosai ( Department of Geography, University of Jaffna, Sri Lanka, Email: assoysa@gmail.com; Tel: 0094770842761) Using illegal fishing methods in the form of dynamite, stupefying...

Dharma Dheerasinghe re-elected chairman at Commercial Bank

op_commercial_bank

Dharma Dheerasinghe was re-elected chairman of the Commercial Bank at its AGM on Monday amidst concerns by shareholders on moves by the Government to replace him. Shareholder M.R. Shah, former banker...

Colombo shares lose down on thin turnover

World-3rd-Best-Performing-Stock-Market

Colombo bourse lost ground on Tuesday despite the mild gains yesterday on another lacklustre trading session as most of the investors continued to remain on the  side-lines, assessing the current...

Deniswaran in the US

new

Northern Provincial Fisheries Minister B.Deniswaran is in New York participating in an international conference on fisheries and allied fields. He represented Sri Lanka along with others at the...

Salt harvest in Mannar

Mannar Uppalam 1

The harvest of salt in Mannar, was commenced yesterday ceremoniously. Mohamed Umayin the General Manager of the Manthai Salt Limited, inaugurated the salt harvest for the year 2015. The total...

Iranaimadu – Jaffna Water supply Scheme: Oposition from Kilinochchi Farmers

Kilinochchi_ahub_of_economic_activities_20131209_02p2

The Statement Minister Raub Hakim,that the President had pressurized him complete trhe Kili-Jaffna water supply scheme within 2 years had shocked the farmers, Farmer’s Associations and  other...

Lift Irrigation scheme at Vinayagarpuram at a cost of 23 Million handed over to the people

ai

A Lift Irrigation scheme initiated by the NPC Ministry of Agriculture constructed at a cost of 23 million was opened by Minister of Agriculture P. Ainkaranesan, and handed over to the people, day...

‘World economy may be slipping into 1930s depression problems’

world economy

London: RBI Governor Raghuram Rajan has asked central banks from across the world to define ‘new rules of the game’ as he warned that the global economy may be slipping into problems...

90 Jaffna women presented with sewing machines

ro

90 deserving women from different parts of Jaffna were handed over sewing machines under the patronage of Jaffna Rotary Club recently. President of the Club Anuraj chaired. Jaffna Tamil National...

Workshop for Grapes Cultivators

grapes

A workshop for the Grapes cultivators will be held in the Jaffna District Agricultural Department, with a view to renovate the grapes cultivation industry, today, Tuesday. Although the excessive heat...

Boundaries of lagoons in the North to be demarcated

3

Coastal conservation Department said the country wide determination of the boundaries of Lagoons are to be demarcated and the first to be done so be the Nanthikadal in Mulaitheevu. This action is...

Strict Orders from President and PM to complete Irranaimadu water supply scheme: Rauff Hakeem

Hakeem

Speaking at the opening ceremony of the Regional Office Building of the National Water Supplies and Drainage Board, in Jaffna, yesterday, Urban Development, Water Board and Drainag Minister Rauff...

Switzerland releases Indians’ & other countries’ Black money

ubs

India and some other countries have expressed their willingness to offer the details of Black money to the Swiss government. It is reported that many Indians have hoarded Black money in syprus and...

Promoting seaweed farming in the North

UNDPLKA_1

The United Nations Development Programme [UNDP] in Sri Lanka partnered with Hayleys Aquagri Pvt. Ltd., a subsidiary of Hayleys Group to expand Seaweed Farming in select islands in the Jaffna...

NO significant growth in export-chamber

Colombo_-_main

Sri Lanka’s exports have increased over the year but it has not shown any significant growth compared to other countries. The country exports as a percentage of the GDP is than 10%. The main issue...

HNB introduces 7days banking service

HNB_LOGO_-_web

HNB PLC has introduced a 7day banking service to its customers. HNB customer centre in all over the country will be open 7days a week for the convenience of retail bank customers.

NADRA May Lose $ 84 Million contract with Sri Lanka!

nadra-pakistan-karachi_11-28-2014_167138_l

NADRA, a Pakistan based financial company  has been with Sri Lanka during election times .Now the company worries about the election problem and the Sri Lankan Government  may cancel $84Million ...

Tourism Sector Income Growth by 13.6%

Tourists1

Year by year tourists arrival in Sri Lanka keeps on increasing and tourism sector has recorded an increase by  18%. The 2014 income compared to the first half year income, it has shown an increase...

Sri Lanka needs foreign capitals: WB

WB

In 2015 Srilanka expects an economic decrease by 6.9% due to building construction is expected to drop down. As reported by World Bank, when compared the national investment with government and...

Indian tourists doing business in Jaffna

Yogeswari Patkunarajah_CI

Indians who arrive in the country on tourist visas are known to be engaged in peddling textiles in the Jaffna district and this impacting adversely on the business of local traders, Jaffna Mayor...

Hemas Holdings profits declined

hemas

As reported by economic sources, Sri Lanka’s Hemas Holdings which has interests in consumer goods, power and leisure has posted a profit of 771 million rupees in the March 2015 quarter, down 17.6...

Sri Lanka has opportunities for carbon reduction

cc

Reducing the carbon footprint in organizations and companies will have long-lasting environmental and economic benefits not only to individual organizations but to the nation at large, one of...

Successful Papaw Cultivation in Mulangavil

papaw

Papaw cultivation was promoted in Kilinochchi , Milangavil area with selected beneficiaries and supplying them with 170 young papaw plants each, under the PLO Scheme by Agricultural Department,...

Fish breeding projects using Artificial Insemination implemented along Mannar to Jaffna coast line

fish breeding

Fish breeding projects using Artificial Insemination technique are being successfully  implemented along Mannar to Jaffna coast line, said the Aquatic Species Breeding Extension  Officer for,...

Algae Cultivation in North increased

A fisherman pushes aside the algae floating on the surface of a sea cucumber farm to make air, near the coastline of Qingdao

Algae cultivation had been started in Jaffna, Kilinochchi and Mannar areas to enhance the livelihood of the people of the Coastal areas of Northern Province. Algae cultivation was initiated as pilot...

100 days programme by NPC to develop Cooperative sector

ayngaranesan

Speaking at the  May Day Rally of the Cooperative workers, the Minister of Agriculture Ainkaranesan said that, the NPC is to undertake a 100-day programme to develop the Cooperative...