Business News

Sri Lankas National Institute of Business Management Installs Facial Recognition System

Businesscafe - National Institute of Business Management (NIBM), one of the leading higher educational institutions in Sri Lanka, announced on Monday that it has deployed facial recognition technology.

 Morgan Sennheiser and Continental Celebrate Quality of Sound with Technology Partnership

Businesscafe - Morgan Motor Company is excited to announce it has entered into a technology partnership with audio specialist, Sennheiser.

 LEVC CELEBRATES MILESTONE OF 7000 GLOBAL ELECTRIC TAXI SALES

Businesscafe - LEVC (London Electric Vehicle Company) is today marking a major milestone of 7,000 global sales of its world-famous TX – the world’s most advanced electric taxi.

Dumith Fernando and Dilshan Wirasekara

Businesscafe - The Chairman of the Colombo Stock Exchange (CSE) Dumith Fernando who has served in this role since July 01, 2020, has informed the Board of his intention to retire by rotation on June 23, 2022 at the conclusion of his current term as a Director.

New Anthoneys Farms Chairman Co Founder Emil Stanley and CEO Neil Suraweera left to right

Businesscafe - With the view of ensuring consumers continue to enjoy their favorite chicken brand, New Anthoney’s Farms (Private) Ltd, a name synonymous with the domestic poultry sector recently reaffirmed its position to provide adequate and uninterrupted supply of its meat range amidst feed shortages and the growing challenges facing Sri Lanka’s economy.

HNB Finance among Sri Lanka s most valuable consumer brands for 2nd consecutive year

Businesscafe - Sri Lanka’s leading integrated financial services provider, HNB Finance PLC, has been ranked among Sri Lanka’s 100 most valuable consumer brands by Brand Finance for the second consecutive year, reflecting the strong trust placed in the company and its stability by the public.

Ravi Dias Chairman Seylan Bank PLC and Mr Kapila Ariyaratne Director CEO Seylan Bank PLC 

Businesscafe - Seylan Bank PLC recorded a Profit After Tax (PAT) of LKR 1.1 Bn in Q1 2022, maintaining its forward momentum in a period of volatile macroeconomic challenges.

 Teejay achieves milestone US 250 million in sales in 2021 22

Businesscafe - Teejay Lanka PLC has reported a revenue milestone of Rs 50 billion at Group level for FY 2021-22, achieving its first annual sales of a quarter of a billion in US Dollar terms at the rates of exchange that prevailed during the year.

Spring Summer pledge their support to alleviate poverty in Sri Lanka

Businesscafe - Spring & Summer in partnership with Greater Giving Sri Lanka - a nonprofit organisation, donated essential rations in the form of dry rations and ready-to-eat food items to the Hapugasthenna Estate, Adaraganga.

Nilmini Rathnayake Lecturer Department of Business Management SLIIT Business School

Businesscafe - SLIIT is recognised as an institute that showcases a culture of research, providing a supportive context in which research is uniformly expected, discussed, produced, and valued.