Business News

Airtel and NIMH launches Sri Lankas first mental health chatline


Sri Lanka now has its own text-based helpline for those facing emotional and mental distress.

5G smartphone Huawei Nova 7 SE for every Sri Lankan is now available for pre order


Huawei, the innovative global smartphone brand recently unveiled the Huawei Nova 7 SE thus adding its newest design to the highly popular Huawei Nova lineup.

ComBank receives USD 50 million Equity from IFC

Wednesday, 07 October 2020 03:37

ComBank receives USD 50 million Equity from IFC


The Commercial Bank of Ceylon has announced the completion of all formalities relating to the private placement of shares with the International Finance Corporation (IFC) and the receipt of US$ 50 million (Rs 9.215 billion) from the latter for 115,197,186 ordinary voting shares in the Bank.

Dr. Sumith Wanniarachi Board Director representing the Mawbima Lanka Foundation presented the certification to Ebony Holdings Chairman Mr. Rasmi Raheem and to the Managing Director Mr Raseen Raheem


Ebony Holdings Pvt Ltd and its premium menswear fashion labels Vantage, Ebony & Luxure were recently awarded the “Ganna Ape De” accreditation and utilization of the Suriya Sinha logo in their products, recognizing that they are a 100% Sri Lankan brand.

Marne Martin President IFS Service Management


IFS, the global enterprise applications company, announces the availability of new and enhanced capabilities in its customer engagement software empowering companies to overcome challenges faced when working with traditional call centers to transform their customer engagement.

ACL Cables PLC partners with Abans to strengthen and enhance ACL Ceiling fan distribution network


ACL Cables PLC, the No. 1 cable manufacturer in Sri Lanka partnered Abans PLC, among the country’s renowned conglomerates with the aim of supplying and distributing ACL Ceiling fans at Abans showrooms located islandwide.

Power World Gyms reinvents fitness options introduces Pay As You Go


Covid-19 is changing the way we live, work and play.

HNB partners with Prime Group to offer special housing loans for 60 days


Sri Lanka's leading private sector bank HNB PLC, announced an exclusive partnership with local real estate developers Prime Group, to offer prospective homeowners special interest rates and attractive benefits for Prime Group properties.

UTN Trading Company celebrates appointment as exclusive agent for Tulips Asia s leading innovative personal hygiene care brand


Recognised as a premier marketing and distribution company and sole agent for world renowned FMCG products, UTN Trading Company (Pvt) Limited proudly announces their appointment as exclusive agent for Tulips - the pioneer in personal hygiene care brand, for Sri Lanka and the Maldives recently.

Singer awarded Retail Brand of the Year Sri Lanka 2020 by Global Banking and Finance Review


Singer (Sri Lanka) PLC, the country’s premier consumer durables retailer has been honored with first ever Sri Lanka’s Retail Brand of the Year tribute from one of the most keenly awaited global awards, the British based ‘Global Banking and Financial Awards.