Business News

Chester Wisniewski


According to The State of Cloud Security 2020, a global survey from next-generation cybersecurity leader Sophos, nearly three quarters (70%) of organizations experienced a public cloud security incident in the last year – including ransomware and other malware (50%), exposed data (29%), compromised accounts (25%), and cryptojacking (17%).

Huawei 2020 First Half revenue up


Huawei announced its business results for the first half of 2020 today.

ComBanks Easy Payment Plan merchant base grows to 2000


The Commercial Bank of Ceylon has announced that its merchant base registered to offer Easy Payment Plans (EPPs) and 0% interest purchase to the Bank’s Credit Card holders has reached 2000, significantly enhancing the benefits and convenience enjoyed by this customer segment.

Nokia and Sri Lanka Telecom deploy next generation fiber network to bring ultra fast broadband access to customers across the country


Sri Lanka Telecom PLC (SLT), one of the leading telecom service providers in Sri Lanka, will deploy a fiber-to-the-home (FTTH) network based on Nokia’s fiber technology.

Sanofi and Baurs partner to leverage synergies in Sri Lanka


Sanofi India Limited (SIL), Sanofi-Aventis Singapore Pte. Ltd and A. Baur & Co. (Pvt.) Ltd. have come together to form a partnership for distribution and marketing of Sanofi products in Sri Lanka.

Our aim is to provide a better 4G experience Thirukumar Nadarasa HUTCH CEO


With the completion of its bigger and better island wide 4G network in February this year, HUTCH is on course to enhance its brand presence and further establish itself as one of Sri Lanka’s premier telco operators with its larger 2G, 3G and 4G network coverage and the widest range of innovative products that appeal to a cross section of consumers across all walks of life.

FHA pioneers 62 years of excellence in Non Banking Finance Sector


The Finance Houses Association of Sri Lanka (FHA) announced that it will continue to empower the nation with ethical finance practices while acting as the mediator to the non-banking financial industry.

HNB FINANCE extends Gold Loan facility to Padaviya branch


Sri Lanka's leading integrated financial services provider HNB FINANCE, is further expanding the footprint of their chain of prestigious gold loan facilities with a center at the HNB FINANCE branch located at Bandaranayake Junction, Padaviya.

Colombo Stock Exchange announces new listing opportunities


The Colombo Stock Exchange (CSE) has expanded the eligibility criteria for initial listing of shares on the Main Board and the Diri Savi Board which will enable a wider spectrum of companies to qualify for a listing.

Standard Chartered finances apparel manufacturer Brandix for Personal Protective Equipment production


Standard Chartered Sri Lanka announced today that Brandix is the latest company to complete a drawdown from the Bank’s global USD1 billion COVID-19 financing commitment, underscoring its ongoing efforts to support local businesses in the pandemic response.