Business News
MoU between University of Moratuwa and Aalto University, Finland
The Cabinet of Ministers has granted approval for the University of Moratuwa and the University of Aalto in Finland to enter into a Memorandum of Understanding (MoU). The resolution was...
Read moreCIC Holdings posts Rs. 1.4 bn PAT for first six months
CIC Holdings PLC successfully braved the COVID 19 Pandemic with a sterling performance during the first half of the current financial year to record a Profit After Tax (PAT) of...
Read moreJaguar Land Rover Exceeds Expectations with new 3S Facility and State-of-the-art Body shop
Jaguar Land Rover’s brand new 3S (sales, service, and spare parts) facility is now open to the public, along with a new state-of-the-art body shop designed to meet the needs...
Read moreMicrosoft expands “Highway to a 100 Unicorns” initiative to support startups in Sri Lanka
Microsoft for Startups recently launched the Highway to a 100 Unicorns initiative in Asia Pacific to strengthen the region’s startup ecosystem. This follows the initiative’s success in India, where only 56 startups were...
Read moreIIHS promotes Sustainable Living through “Giving Back to Nature” Concept
International Institute of Health Science (IIHS), Sri Lanka’s premier and leading healthcare education institute renowned for the high-quality education in Sri Lanka has stepped up to promote sustainable living through...
Read moreJLanka Technologies Provides Technical Guidance to Install Roof Top Solar PV System at the Makumbura Multimodal Centre, Kottawa
Further fortifying JLanka Technologies’ integral role in ushering Sri Lanka into the age of alternative energy, the Company recently wrapped up providing comprehensive technical guidance to complete installation of the...
Read moreAIA’s CTO Umeshi de Fonseka recognized by industry
AIA Insurance congratulates Chief Technology Officer Umeshi de Fonseka for winning a ‘Special Jury Appreciation Award’ at the coveted ‘Innovation Heroes 2020 Awards’ powered by DynamicCIO and presented at the...
Read moreAllianz once again named the world’s #1 insurance brand in Interbrand’s Best Global Brands Ranking
The ranking confirms Allianz’s growing brand strength and relevance in people’s livesAllianz’s resilience and focus on customer centricity is reflected in the success of the brand For the second consecutive...
Read moreWelioya School receives IT Lab via Commercial Bank and Sri Lanka Army initiative
The Commercial Bank of Ceylon has funded the construction of an IT lab at the Paranagamawewa Vidyalaya, Welioya, in collaboration with the Security Forces Headquarters Wanni. The contribution of the...
Read moreGampaha export factories were permitted to operate despite the curfew
The Board of Investment of Sri Lanka ensures the operations of the BOI industries located within the Gampaha District without any interruption during the curfew imposed period. The functions of...
Read moreIndia SME Accelerator Network hosts a webinar on “Business Opportunities in Sri Lanka”
The India SME Accelerator Network, together with the Board of Investment of Sri Lanka (BOI) and the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL), hosted a...
Read moreInflation rate rises to 6.4 percent in September 2020
Headline inflation as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index (NCPI, 2013=100)1 increased to 6.4% in September 2020 from 6.2% in August 2020. This was...
Read moreCentral Bank maintain policy interest rates unchanged
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 21 October 2020, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing...
Read moreMiHCM wins Microsoft ISV Partner of the Year Award at Microsoft Inspire Southeast Asia New Markets Partner Awards 2020
MiHCM, a leading HR technology provider, today announced that it has won the 2020 Microsoft ISV Partner of the Year Award for the South East Asia New Markets. The company...
Read moreFairfirst Insurance – Most Innovative Insurer to pioneer Contactless Insurance Solutions
The year 2020 has showered multiple global and local accolades on Sri Lanka’s rapidly-growing insurer and digital disruptor, Fairfirst Insurance Limited. The company was recently awarded the ‘Best Online Insurance...
Read moreAirtel to introduce world class 4G services using superior spectrum
Airtel Lanka today said that it has been allotted 4G spectrum by the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) and will soon launch its high speed mobile broadband services...
Read morePrudent Financial Planning with NDB Wealth
Having studied and identified the gaps in the market for Wealth management solutions, NDB Wealth shares an action plan to enable prudent financial planning, which can have an impact on...
Read moreDr. Pradeep Edward appointed Executive Director/CEO at Sadaharitha Plantations
The leading commercial forestry conglomerate in Sri Lanka which stands as a truly Sri Lankan Company providing exceptional green investment opportunities, Sadaharitha Plantations Limited announced the appointment of Dr. Pradeep...
Read moreWestern Union at Seylan Bank
Western Union partnership was recently announced at a ceremony held at the Seylan Bank head office. The launch ceremony took place with the participation of both Seylan Bank officials and...
Read moreAre Licensed Finance Companies the missing link in Sri Lanka’s Financial Inclusion quest?
Krishan Thilakarathne By Krishan Thilakarathne Financial Inclusion is essential for continuous and sustainable economic development, according to IFC. This is no exception for Sri Lanka despite showing strong numbers in...
Read moreFitch affirms Melstacorp & subsidiary Distilleries at ‘AAA(lka)’; outlook stable
Fitch Ratings has affirmed the National Long-Term Ratings of Sri Lanka-based conglomerate, Melstacorp PLC, and its subsidiary, Distilleries Company of Sri Lanka PLC (DIST), at 'AAA(lka)'. The Outlook is Stable....
Read moreCSE approves Softlogic Finance Rs 1.9Billion Rights Issue
Planned acquisition and merger with Abans Finance sets up company with Rs 32Billion asset base Softlogic Finance PLC received Colombo Stock Exchange (CSE) approval for its Rights Issue of Rs...
Read moreHayleys Fabric commits to SBTi to limit global warming at 1.5°C
Pioneering textile manufacturer, Hayleys Fabric PLC, has become the first textile manufacturer in Sri Lanka and the fourth local manufacturer to add its name to a growing list of major...
Read moreDaily Trade alerts for Stock Market Investors through SMS
The Colombo Stock Exchange (CSE) now sends a customized daily trade alert to investors at the end of eachtrade day notifying them of all transactions that are carried out through...
Read moreIdeal Motors donates electric three wheelers to Jaya Sri Maha Bodhi and Ruhunu Maha Kataragama Dewalaya for convenience of elderly and disabled pilgrims
Ideal Motors (Pvt) Ltd, the sole authorized distributor for Mahindra and Mahindra motor vehicles and motorcycles in Sri Lanka has ensured the well-being and comfort of elderly and disabled pilgrims...
Read moreSLT and Mobitel are proud to be with Dilantha Malagamuwa for the Lamborghini Super Trofeo 2020 Championship
Continuing its support in nurturing local talents to spark internationally, the SLT group is proud to be with Dilantha Malagamuwa, Sri Lanka’s automotive racing legend who has brought countless glories...
Read moreHUTCH Danumai Miliyanayai quiz winners rewarded
HUTCH, Sri Lanka’s preferred choice for mobile broadband services recently rewarded the winners of HUTCH Danumai Miliyanayai in a grand prize-giving ceremony held at the Hutch Head Office, Colombo. Danumai...
Read moreStandard Chartered Sri Lanka launches ‘Here for you’ – a 24/7 assistance programme to support employees in times of need
Standard Chartered Bank Sri Lanka Standard Chartered Bank Sri Lanka reiterated its commitment to the physical and mental wellbeing of all employees with the introduction of ‘Here for you’ –...
Read moreSLIM together with Mother Sri Lanka resumes ‘Gamata Marketing’ training
Gamata Marketing, an initiative commenced by the Sri Lanka Institute of Marketing (SLIM) in partnership with Mother Sri Lanka, resumed its training in September at the Mahara Divisional Secretariat Office...
Read morePeople’s Bank recently received certification from the Central Bank of Sri Lanka (CBSL) to acquire Lanka QR Payments
People’s Bank recently received certification from the Central Bank of Sri Lanka (CBSL) to acquire Lanka QR Payments that aims to revolutionize the payments landscape in Sri Lanka. As a...
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