Business News

HNB FINANCE Limited IPO oversubscribed

Monday, 02 March 2020 12:45

HNB FINANCE Limited, a licensed finance company announced that its Initial Public Offering via Offer for Sale on the Colombo Stock Exchange (IPO) was oversubscribed.

Ideal First Choice, the multi brand total after care arm of the Ideal Group expanded its branch network by opening its 8th service center at Dambulla and 9th at Wanawasala.

Samsung Sri Lanka unveiled its stunning addition to the flagship Galaxy line up – the Galaxy S20 Ultra, S20+ and S20.

HNB weathers a challenging year

Sunday, 01 March 2020 04:00

HNB PLC weathered external headwinds in 2019 to post Rs 15 Bn in Group Profit After Taxes (PAT) and Rs 14 Bn in Bank PAT and remains the best capitalized bank in the sector.

HNB PLC secured the No. 1 ranking on the prestigious ‘Business Today Top 30’, further consolidating on a remarkable reputation for excellence and a legacy of innovation in the Sri Lankan banking industry.

With an ambitious plan to be a leading insurance provider in the country, Arpico Insurance PLC which is a fully owned subsidiary of one of Sri Lanka’s largest blue-chip conglomerate Richard Pieris & Company PLC, kick-started this year with six branch openings and achieved highest recorded sales.

With an ambitious plan to reach greater heights by strengthening its senior leadership team headed by its VC and CEO Prof Nalaka Jayakody, Northshore Campus, a leading higher education institute in the country with modern state-of-the-art infrastructure, recently appointed Professor Sisuru Sendanayake as its new Deputy Vice Chancellor.

Informatics Institute of Technology (IIT), the pioneer in British higher education in Sri Lanka and the country’s premier IT and Business campus, successfully organised Stage Craft 2020, the latest edition of the highly-anticipated annual talent show put together by the Students Union of IIT.

Crysbro claims Lak Rekiya Harasara Award

Sunday, 01 March 2020 02:27

Sri Lanka’s preeminent poultry producer Crysbro was honoured with a Bronze Award in the Agriculture segment of the Lak Rekiya Harasara Awards, organised by the Skills Development, Employment and Labour Relations Ministry, at Suhurupaya Hall Battaramulla recently.

As a country which produces highly talented individuals across numerous fields, Sri Lanka experienced a digital boom in recent years with many budding entrepreneurs and startups moving in to ICT and IT service businesses.