Business News

IFC, a member of the World Bank Group, and IDB Invest, a member of the IDB Group, are co-leading a US$1.1 billion financing to LD Celulose S.A., a joint venture between Lenzing AG and Duratex S.A., to build one of the largest dissolving wood pulp plants in the world, in Minas Gerais State, Brazil.

Renewable power is increasingly cheaper than any new electricity capacity based on fossil fuels, a new report by the International Renewable Energy Agency (IRENA) published today finds.

Vision Care, Sri Lanka’s largest eye care provider, has opened all branches in the country and is ready to welcome customers while maintaining the highest standards in safety and hygiene in order to combat the spread of the COVID-19 disease.

JAT Holdings, the leader in wood coatings in Sri Lanka for the past 25 years, was recently recognised among the top 20 conglomerates in LMD’s Brands Annual 2020.

In a strategic move to build in synergies, agility and create a robust governance structure between the Holding Company Ambeon Capital PLC and its Investment Holding and Management company Ambeon Holdings PLC, the medium sized conglomerate reputed for its market dominance in the areas of financial services, manufacturing, real estate, technology and strategic investments today announced the restructuring of the Board of Ambeon Holdings PLC.

The Commercial Bank of Ceylon has been declared Sri Lanka’s Best Bank in 2020 by the US-based Global Finance magazine, an accolade the Bank wins for the 20th time in the 27 years that Global Finance has presented awards to the world’s best banks.

Responding to flooding and landslides caused by tropical cyclone Amphan, Airtel Lanka helped its customers stay connected by providing free talk-time and data.

Leisure travel is suspended and schools are out, but imagination has landed on 

Ceylinco Life has been certified as a ‘Great Workplace’ in Sri Lanka following an independent analysis of an assessment by Great Place to Work®, the global authority on workplace culture.

Reiterating its commitment to diversity and creating equal opportunities for all in the workplace, 99X Technology was once again ranked on the Best Workplaces in Asia index for 2020 by Great Place to Work Institute.