Business News

Sri Lanka s Rs100mn Angel Fund Accepts Applications from Startups


The Angel Fund, an initiative of the Lankan Angel Network (LAN), established with the support of ecosystem development partner Ford Foundation, has begun accepting applications from early-stage startups in Sri Lanka with regional and global growth potential that is not limited to the tech industry.

Uber first Sri Lankan ridesharing company to launch Tuk Rentals


Uber today became the first ridesharing company in Sri Lanka to launch an on demand 24x7 ‘Tuk Rentals’ service which will allow riders to book their favourite mode of transport, a tuk and its driver for several hours with the liberty to make multiple stops along a journey, just as they would with their own personal vehicle.

House of Fashions unveils online store with ComBank IPG service


House of Fashions, a fashion retail landmark in Sri Lanka, has taken its offering online and has appointed the Commercial Bank of Ceylon as its Internet Payment Gateway (IPG) service provider to facilitate this development.

JAT gives back to painters and manual labourers during times of hardship


JAT Holdings, the pioneer in the wood coatings industry with explicit brand recognition for bringing space into life, recently concluded an extremely successful initiative which greatly reduced the financial burden of painters who had to work in the midst of the COVID-19 pandemic.

Emirates Skywards introduces over 1500 new ways to earn Miles


Emirates Skywards, the award-winning loyalty programme of Emirates and flydubai, has introduced a thousand new ways to earn Miles while shopping online with popular UK and US brands.

Ceylinco Life reports 6 month income of Rs 17.1 billion 


Ceylinco Life has reported gross income of Rs 17.1 billion for the first half of 2020, an improvement of 14.9 per cent over the corresponding period of last year, demonstrating the Company’s ability to grow volumes even in challenging conditions through a focus on its core business and on astute investment management.

Huawei P40 Pro released in Sri Lanka with a pack of incredible features


Huawei, the innovative smartphone manufacturer recently launched the feature packed Huawei P40 Pro in Sri Lanka taking the smartphone photography a step further.

peoples bank


People’s Bank held a discussion with the Spices and Allied Products Producers' and Traders Association (SAPPTA) with the aim of creating tailor-made financial solutions to boost spice exports.

Maliban partners with Red Cross Society to protect school children from COVID 19 pandemic


Maliban, Sri Lanka’s pioneering biscuit manufacturer, recently partnered with the Sri Lanka Red Cross Society (SLRCS) to cultivate a risk-mitigating culture among selected schools to reduce the spread of the COVID-19 pandemic within the school environment.

INSEE Cement becomes official corporate sponsor of SLIM s prominent corporate events


INSEE Cement enters into a three-year corporate partnership with the national body of marketing in Sri Lanka, the Sri Lanka Institute of Marketing (SLIM), by becoming the official corporate sponsor of SLIM’s annual hosted events.