Business News

The Public Utilities Commission of Sri Lanka (PUCSL), the electricity sector regulator and the shadow regulator of the lubricant industry is all set to resolve the electricity consumer complaints and address stakeholder issues via online and request the public and the stakeholders to use the online platforms to be connected to the Commission.

Sunshine Foundation for Good, the corporate social responsibility (CSR) arm of the diversified conglomerate Sunshine Holdings, recently donated 12 fully-equipped Intensive Care Unit (ICU) beds worth Rs. 7 million to the Ministry of Health.

Fueled by strong growth in its healthcare sector, diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported notable growth in bottom-line performances during the year ended 31st March 2020 (FY19/20).

NIVEA, the world’s No. 1 skin care brand,today announced that it has partnered with multiple e-commerce platforms making its wide portfolio of personal care brands now easily available to consumers with a simple click / at the touch of their fingertips.

For a record breaking of 9 consecutive years, Sri Lanka’s most-loved cement brand INSEE SANSTHA is once again voted ‘People’s Housing and Construction Brand of the Year’ at the SLIM-Nielsen Peoples Awards held this year.

People’s Bank has tied up with the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) to provide a special COVID-19 relief loan scheme to members of CA Sri Lanka whose revenue has been negatively affected due to the COVID-19 pandemic.

ICBT, one of the leading tertiary education providers in Sri Lanka, has appointed the Commercial Bank of Ceylon as its Internet Payment Gateway (IPG) service provider, enabling the institution’s website to accept multi-currency online payments from both local and foreign students.

The TV show that redefined Sri Lankan Television; “Aseema” traveled beyond the standard television boundaries with South Asia’s first ever Live Virtual Mixed Reality broadcast, that built the platform for next generation entertainment and showcased the use of state of the art technology to win the challenges of current lockdowns affecting the Media-Entertainment industry.

The Commercial Bank of Ceylon has announced the commitment of approximately Rs 10 billion to a Bank-funded COVID-19 Support Loan Scheme to assist affected SME enterprises.

The Sri Lanka Institute of Directors (SLID) – Sri Lanka’s leading member institute for Directors organized a timely webinar titled “Covid 19 : Customs Procedures and Practices” with senior officials of the Customs Dept. to discuss the issues faced by the business community during the current Covid-19 pandemic, and the procedures and improvements to be implemented in the import/export process so vital to the smooth functioning of the economy.