Business News

Dilanka Jinadasa Hela Clothing Group CEO 

Businesscafe - The initial public offering (IPO) of shares of Hela Apparel Holdings Limited (Hela Clothing), one of the largest IPOs ever in Sri Lanka, received an overwhelmingly positive response, being oversubscribed within hours of the offer opening on the 12th of January 2022.

 Market expansion and European investment drive 99xs growth in 2021

Businesscafe - Despite challenging market conditions brought on by the prevailing pandemic in 2021, technology company 99x saw organisational growth across the board while maintaining topline performance and recording strong profitability for the financial year ended 31 December 2021.

SLT MOBITEL mCash Partners with Union Bank to Offer Enhanced Banking Convenience

Strengthening its commitment towards enhanced customer reach and digital transformation, Union Bank recently entered into an agreement with National ICT Solutions Provider SLT-MOBITEL to bring greater banking convenience to its customers through Agent Banking services via SLT-MOBITEL mCash- the innovative mobile money platform/wallet conceptualized by SLT-MOBITEL and approved by the Central Bank of Sri Lanka.

HSBC appoints new Head of Wealth Personal Banking in Sri Lanka

Businesscafe - HSBC Sri Lanka has appointed James Rebert as the Head of Wealth & Personal Banking with immediate effect.

Spanish Super Cup match

Businesscafe - The Emirates A380 emblazoned with the blue Expo 2020 “mobility” livery has landed in Riyadh, Saudi Arabia, carrying one of the most popular clubs in global football; Real Madrid, all the way from Madrid, Spain, to defend their title at the Spanish Super Cup semi-finals.

Colombo Stock Exchange  

Businesscafe - The Initial Public Offering (IPO) of Hela Apparel Holdings Limited, through an offer for subscription of 267,108,998 shares at a price of Rs. 15 per share, which opened today (12th January 2022) was oversubscribed on the initial day itself.

 Eric Rajapakse Opticians widens network by entering Malabe

Businesscafe - Eric Rajapakse Opticians, Sri Lanka’s leading eyecare specialist with over 100 years of expertise, has widened its network by opening its newest branch located at No. 888, Athurugiriya Road, Malabe.

 Crysbro Praja Aruna

Businesscafe - Sri Lanka’s leading fully-integrated poultry producing giant Crysbro is committed to its novel ‘Praja Aruna’ housing project, launched in 2012 to renovate and build houses for the company’s most deserving employees who tirelessly work while residing in rural regions.

Hela Apparel Holdings IPO Opens Today

Tuesday, 11 January 2022 09:13

 A.R. Rasiah Chairman Hela Apparel Holdings Ltd


Businesscafe - The much-awaited IPO of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group) opens today, 12th January 2022.

 How Samsung Foldables Are Defining the Future of Smartphone Innovation

Businesscafe - When Samsung Electronics revealed its first prototype of a flexible display back in 2011, few people realized they were witnessing a glimpse into the mobile industry’s future.