Business News

People's Bank’s Mobile Banking Unit, which was launched with the objective of bringing banking services to the doorstep of customers who were unable to visit the bank due to the curfew situation caused by the Coronavirus, was successfully able to disburse over Rs.150 million to over 10,000 customers between the 1st to the 10th of April.

During the current global lockdown, leading Sri Lankan product engineering company 99X Technology has harnessed its core strength – software product engineering – to rapidly deliver digital solutions to strengthen communities and organisations globally against the effects of the COVID-19 pandemic.

Leading Sri Lankan e-commerce store Kapruka, recently donated a round of essentials to each of the over 600 dedicated, selfless healthcare workers employed at the Infectious Diseases Hospital (IDH).

The leading provider of cement in the country, INSEE Cement Sri Lanka, has extended vital support to the authorities towards dealing with the COVID-19 pandemic and helping to build a resilient nation.

Huawei Q1 2020 revenue tops US $ 25 Bn

Thursday, 23 April 2020 09:00

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

In aiding the prevailing situation in the country, a full-service commercial bank DFCC Bank, has made the responsible decision to provide financial concessions to its valued customers who have been affected by the Covid-19 pandemic, in accordance with the relief guidelines invoked by the Sri Lankan Government through the Central Bank of Sri Lanka (CBSL).

Sri Lanka’s No. 1 branded tea company, Watawala Tea Ceylon Ltd (WTCL) – a subsidiary of the diversified conglomerate Sunshine Holdings PLC – recently commenced the donation of Ceylon tea for the consumption of individuals and staff placed in Quarantine Centres located around the country, which have been set up to flatten the curve and speed up Sri Lanka’s recovery from COVID-19.

TVS Motor Company, a reputed manufacturer of two-wheelers and three-wheelers in the world, today announced the successful acquisition of Britain’s most iconic sporting motorcycle, “Norton”, in an all-cash deal for a consideration of GBP16 million by acquiring certain assets of Norton Motorcycles (U.K.) Limited (in administration) through one of TVS Motor’s overseas subsidiaries.

The CSR Trust of Commercial Bank of Ceylon has made a series of donations of essential equipment to hospitals to support doctors and healthcare personnel battling to treat victims and prevent the spread of the pandemic.

HNB PLC announced the implementation of a slew of special support measures to provide financial relief to their cardholders.