Business News

CSE welcomes progressive Budget 2021 Proposals Directed at Developing the Capital Market


The Colombo Stock Exchange (CSE) welcomes the progressive capital market related proposals presented to parliament by Hon. Prime minister Mahinda Rajapaksa at the 2021 Budget Proposals Speech made on 17th November 2020.

CIPM Rebrands its Consultancy and HR Services Division as People Management Solutions


CIPM Sri Lanka – the Nation’s leader in human resource management, has expanded the solutions portfolio of its consultancy and HR services division recently which was set up to provide an array of consultancy and HR services to businesses.

KIA 2020 4th generation Sorento


Kia’s all-new 2020 Sorento, as yet unseen on Sri Lanka’s roads, has won the illustrious German automobile prize ‘Das Goldene Lenkrad’ or the ‘Golden Steering Wheel’ awarded to new car models annually by the tabloids ‘Auto Bild’ and ‘Bild am Sonntag.’

huawei Y7a


Huawei, the global smartphone brand recently launched Y7a – a mid-range smartphone with one of the largest screens that would undoubtedly be craved by heavy social media users and mobile gamers in Sri Lanka.

Sri Lankan Property Market Still Stable Amidst 2nd COVID 19 Wave image 1


With the initial Minuwangoda COVID-19 cluster growing in different parts of the country, and ad hoc curfews being put in place, on the 2nd of November the government imposed a curfew for the entire Western province.

Ocean Lanka Enters into Partnership with Cotton made in Africa


Ocean Lanka Pvt Ltd, Sri Lanka’s largest weft knitted fabric manufacturer, announced that it has entered into a partnership with Cotton made in Africa (CmiA), one of the world’s leading standards for sustainably produced cotton.

SSMI Asia Creates History by conducting Worlds Largest Lean Six Sigma Online Class


Dr. Mikel J Harry Six Sigma Management Institute Asia (SSMI Asia), completed the world largest virtual Lean Six Sigma Black Belt & Green Belt class ever to be conducted comprising of 132 participants from 19 countries.

Hayleys Plantations bags top 10 ranks at Tea Auction for Western High Grown Tea


The tea estates of Sri Lanka’s leading plantations company, Hayleys Plantations achieved another unprecedented milestone after the company’s estates secured all of the Top 10 positions for highest Gross Sales Average (GSA) at the auction for Western High Grown tea in September 2020.

ComBank posts steady results amidst the impacts of the pandemic


Gains from government securities, foreign exchange (FX) swap trading and FX trading activities have enabled the Commercial Bank of Ceylon Group to mitigate to some extent the severity of the impacts of the COVID-19 pandemic on profits in a period of reduced interest income and substantially higher impairment provisioning compared to the corresponding quarter of the last year.

Rela Hospital Performs Liver Transplant on Sri Lankan Professor With Accidental Donor Amid Covid Lockdown


Dr Rela Institute & Medical Centre, a leading multi-speciality quaternary care hospital in Chennai, and one of the largest liver transplant units in the country, saved the life of a Sri Lankan professor by mobilising a team of competent surgeons to perform a liver transplant surgery on him, amid strict lockdown restrictions - even as the original donor prospect, who was the patient’s wife, turned out to be medically unfit to donate her organ.