Business News

 ADA Joins Forces with Dialog as Marketing Partner to Launch TV Audience Tool

Businesscafe - ADA Sri Lanka, the data and artificial intelligence company recently held the official product launch of TV Audience – a comprehensive TV viewership monitoring tool designed and developed by Dialog Enterprise.

JAT Holdings PLC breaks ground on USD 2.2 mil state of the art RD Centre

Businesscafe - JAT Holdings, Sri Lanka’s trusted industry leader in finishing and furnishing, re-confirmed the firm’s commitment to its Initial Public Offering (IPO) investment priorities with the commencement of the construction of its state-of-the-art R&D centre adjoining its Head Office premises, located in Thalawathugoda.

Methodology Revision of All Share Price Index

Businesscafe - Colombo Stock Exchange (CSE) is planning to revise the calculation methodology of All Share Price Index (ASPI) by changing the constituent weighting method from full Market Capitalization to free float-adjusted Market Capitalization.

Paving the Way for Success this 2022 with NDB Wealth

Businesscafe - Expert financial and wealth management planner NDB Wealth heralds the new year 2022, with much anticipation hoping that success will be at the forefront for all their loyal customers.

Dilanka Jinadasa Hela Clothing Group CEO 

Businesscafe - The initial public offering (IPO) of shares of Hela Apparel Holdings Limited (Hela Clothing), one of the largest IPOs ever in Sri Lanka, received an overwhelmingly positive response, being oversubscribed within hours of the offer opening on the 12th of January 2022.

 Market expansion and European investment drive 99xs growth in 2021

Businesscafe - Despite challenging market conditions brought on by the prevailing pandemic in 2021, technology company 99x saw organisational growth across the board while maintaining topline performance and recording strong profitability for the financial year ended 31 December 2021.

SLT MOBITEL mCash Partners with Union Bank to Offer Enhanced Banking Convenience

Strengthening its commitment towards enhanced customer reach and digital transformation, Union Bank recently entered into an agreement with National ICT Solutions Provider SLT-MOBITEL to bring greater banking convenience to its customers through Agent Banking services via SLT-MOBITEL mCash- the innovative mobile money platform/wallet conceptualized by SLT-MOBITEL and approved by the Central Bank of Sri Lanka.

HSBC appoints new Head of Wealth Personal Banking in Sri Lanka

Businesscafe - HSBC Sri Lanka has appointed James Rebert as the Head of Wealth & Personal Banking with immediate effect.

Spanish Super Cup match

Businesscafe - The Emirates A380 emblazoned with the blue Expo 2020 “mobility” livery has landed in Riyadh, Saudi Arabia, carrying one of the most popular clubs in global football; Real Madrid, all the way from Madrid, Spain, to defend their title at the Spanish Super Cup semi-finals.

Colombo Stock Exchange  

Businesscafe - The Initial Public Offering (IPO) of Hela Apparel Holdings Limited, through an offer for subscription of 267,108,998 shares at a price of Rs. 15 per share, which opened today (12th January 2022) was oversubscribed on the initial day itself.