Business News

CSE Launches XBRL System to Enhance Financial Reporting for Listed Companies

Businesscafe - The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC) and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), has embarked on a significant initiative to introduce the eXtensible Business Reporting Language (XBRL) for listed entities in Sri Lanka.

Roar AdX elevates Sri Lankan beauty brands at Metas APAC Beauty Summit 2025

Businesscafe - Roar AdX, the Meta Advertising powerhouse of Roar Global, amplified Sri Lanka’s beauty sector on the regional stage last week by hosting flagship clients Ezthara, Spa Ceylon, Janet and LuvEsence at Meta’s inaugural APAC Beauty Summit 2025 (17 April, Singapore).

Softlogic Life honours its best at the 2025 Sales Convention

Businesscafe - Softlogic Life Insurance that leads Sri Lanka’s insurance market with the largest customer base and highest protection claims payments, roared into 2025 with unstoppable energy and transformation at its Annual Sales Convention held on the 4th of April at Shangri-La Colombo.

DFCC Bank leads the charge in sustainability with LKR 500 Mn investment in AFCs Green Bond

Businesscafe - Further reinforcing its leadership in sustainable finance, DFCC Bank has become the largest investor in Alliance Finance Company PLC’s (AFC) Green Bond Issue, investing LKR 500 million—half of the total LKR 1 billion issuance.

Technomedics International strengthens leadership through appointment of new Executive Director

Businesscafe - Technomedics International Pvt Ltd. a pioneer in advancing Sri Lanka’s healthcare sector, is proud to announce the appointment of Ms. Leshani Samaradiwakara into the role of Executive Director effective from 2nd April 2025.

Baurs elevates Daniela Munasinghe as Director across three of its subsidiaries

Businesscafe - A. Baur & Co. (Pvt.) Ltd., also known as Baurs, a leading conglomerate with diversified business interests in Sri Lanka, recently announced the appointment of Daniela J Munasinghe as Director of its three subsidiaries, namely Baurs Airservices, Swiss Hotel Management Academy (SHMA), and Baurs Travel.

Panadol Suwa Sahana Mehewara steps forward to care for devotees arriving for the Sacred Tooth Relic exposition

Businesscafe - Panadol, the trusted pain relief partner for Sri Lankans from 1950’s, has specially developed the “Panadol Suwa Sahana Mehewara” initiative to care for devotees attending the upcoming Sacred Tooth Relic Exposition at Sri Dalada Maligawa in Kandy, scheduled from 18th to 27th April 2025.

Round Table Sri Lanka Partners with Cinnamon Life for Bridging Borders Building Futures

Businesscafe - Round Table Sri Lanka has announced a landmark partnership with Cinnamon Life, Sri Lanka’s premier integrated development, for Bridging Borders : Building Futures—a fireside chat and regional forum taking place at Cinnamon Life, Colombo, on May 23, 2025, at 6:00 PM.

PS takes centre stage at Melbourne Bakmaha Ulela

Businesscafe - Perera & Sons (P&S), the country’s largest quick service restaurant chain, recently ushered in the Avurudu season by making its debut in at the Melbourne Bakmaha Ulela, hosted at the Dandenong Showroom.

DFCC Bank Introduces Sri Lankas First 10 Day Express Home Loan

Businesscafe - DFCC Bank has launched Sri Lanka's first fast-tracked housing loan, DFCC Express Home Loans.