Tracified, a Sri Lankan Startup Incubated by 99X Technology receives Japanese...
99X Technology is pleased to announce that Tracified, a company incubated within its innovation center/accelerator StartupX Foundry, has received an equity investment from 360ip, a venture capital...
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Samsung Sri Lanka Announces Pre-Booking for Galaxy Note20|Note20 Ultra 5G –...
Pre-order exclusive: Get free Galaxy Buds Live OR Galaxy Buds+ with every purchase Samsung, Sri Lanka’s No. 1 smartphone brand opened pre-bookings for its flagship Galaxy Note20 and Galaxy Note20...
View ArticleBanking sector to face further increase in NPLs – Head of Research, ICRA Lanka
Sri Lanka’s banking sector will face a sharp increase in non-performing loans (NPLs) in the second- quarter and beyond with the expiration of the moratorium period, analysts said. “Asset quality in...
View ArticleCOVID-19 Pandemic preparedness training course for Sri Lankan hospitality...
The Australian Aid programme through S4IG – Skills for Inclusive Growth will be implementing a Pandemic Preparedness course with the direction of Sri Lanka Tourism Development Authority (SLTDA)...
View ArticlePrima rewards loyal customers with Ran Piyawara
Prima Ceylon (Private) Limited – the premier provider of wheat flour to the nation –announced ‘Prima Ran Piyawara’, an exclusive loyalty programme for the top customers of the company, in partnership...
View ArticleTeejay posts operating profit of Rs 15 mn. in COVID-19 hit first quarter
Teejay Lanka PLC has reported operating profit of Rs 15.2 million and profit before tax of Rs 13.9 million for the first quarter of 2020-21 but posted a nominal net loss – its first since being listed...
View ArticleNDB navigates through crises with stability and resilience. Committed to...
Pre-tax profitability static year-on-year at LKR 5 Bn Post-tax profitability up by 34% to LKR 3 Bn Healthy balance sheet expansion of 6% to LKR 562 Bn Loan book expansion of 5% to LKR 429 Bn and...
View ArticleHemas Delivers Resilient Performance Amidst COVID-19 Pandemic
CEO’s Review – Hemas Holdings PLC Hemas Holdings PLC reported a consolidated Group revenue of Rs. 13.0 billion, a decline of 1.6% during the first quarter of the financial year 2020/21, compared with...
View ArticleSriLankan Airlines clarifies temporary suspension of Shanghai service
SriLankan Airlines wishes to clarify its position with regards to the temporary suspension of the Colombo – Shanghai operation by the Civil Aviation Administration of China (CAAC) for a period of four...
View ArticlePanasian Power enters into a Power Purchase Agreement with CEB
Panasian Power PLC, has entered into a Power Purchase agreement with the Ceylon Electricity Board (CEB) on 28 July 2020, for the sale of electricity from its 3.0 MW Rathganga Hydro Power Plant. The...
View ArticleHMD GlobalTM – the home of Nokia phones – raises $230 million investment from...
HMD Global, the home of Nokia phones, announces it has successfully closed 230 million USD in the first closing of its current funding round from some of its top global strategic partners. As well as...
View ArticleEmirates launches an airbridge between Dubai & Lebanon dedicating over 50...
Airline will enable people around the world to donate cash or Skywards Miles to be converted to cargo capacity for transport of critical aid and supplies to Beirut Humanitarian efforts led by Emirates...
View ArticleCCC recommends SL to explore COVID bond to raise financing for SME sector...
Issuers of COVID-19 bonds have been in the spotlight in the sustainable bond markets in recent weeks. The focus has been on what COVID-19 bonds are, who can issue them and how they can be aligned with...
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Two of Sri-Lanka’s most beloved brands, Kumarika and Baby Cheramy launch in...
Hemas Consumer Brands launched Sri Lanka’s most beloved baby care and hair care brands Baby Cheramy and Kumarika to the Nepalese market recently. The event was held at the Everest Hotel, Nepal and was...
View ArticleHayleys delivers excellent results in 1Q despite COVID 19
The Hayleys Group remained resilient amidst unprecedented challenges to record a pre-tax profit of Rs.1.17 billion in the first quarter of the financial year compared to a profit of Rs.285.26 million...
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V- shape recovery of exports further up in July – EDB
Sri Lanka’s exports have surpassed the $ 1 billion mark in July after six months time period where a similar achievement was only recorded in January during this year. Export Development Board (EDB)...
View ArticleComBank launches ‘Card Balance by Missed Call’ Service for Credit Card holders
The Commercial Bank of Ceylon has introduced a new service for the benefit of its ComBank Credit Cardholders – ‘Card Balance by Missed Call’ – a Missed Call Alert Service to increase the convenience...
View ArticleEmirates adds Birmingham, Cebu and Houston, taking its network to 74 cities
The airline continues to expand its U.S. network, serving six cities in August – including New York JFK, Washington DC, Boston (15 August), Chicago and Los Angeles Emirates has announced it will...
View ArticleSri Lanka’s cigarette sales down 38% amidst COVID-19 pandemic
The Ceylon Tobacco Company’s performance in the three months ended 30th June 2020, has been significantly impacted due to the lockdown measures and impact to National as well as personal economies of...
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CEAT to save the country Rs 11 Billion in foreign exchange via import...
Currently produces 2 million tyres per annum Says it has capacity to supply 100% of Sri Lanka’s Truck & Bus tyre requirements Increasing Car Radial tyre capacity by 45% within next few weeks; new...
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