Business News

 CDB Donates Vital Medical Equipment to Gampaha District General Hospital ICU

Businesscafe - Citizens Development Business Finance PLC lauded as one of the Top Ten Corporate Citizens for Sustainability in Sri Lanka, has come forward to donate Rs. 10 million worth medical equipment urgently required by the Gampaha District General Hospital including ventilators and monitors for its Intensive Care Unit, in addition to other vital equipment.

SLT MOBITEL partners Maduru Oya Army Training School and Trincomalee Divisional Secretariat to support COVID affected communities

Businesscafe - SLT-MOBITEL partnered with the Maduru Oya Army Training School and Trincomalee Divisional Secretariat in an initiative recently, to distribute dry ration packs to communities affected due to Covid-19 restrictions in the Polonnaruwa and Trincomalee areas.

Transco Cargo Australia opens its own Sri Lankan office to bring world class freight forwarding and logistics services to the local market

Businesscafe - Transco Cargo (Aus) Pvt Ltd, a logisticsleading freight forwarding and  service provider in Australia has launched its Sri Lankan office, Transco Cargo (Pvt) Ltd, to provide world-class freight and logistics services to the local market.

SLT MOBITEL inculcates reading habit with Book Donation programme

Businesscafe - Continuing to inculcate the love for reading and knowledge among children, SLT-MOBITEL carried out the second phase of its ‘Hithak Athnam Pothak Denna’ (හිතක් ඇත්නම් පොතක් දෙන්න) programme by donating over 1,000 books and connectivity solutions to the Kikiliyamana School in Nuwara Eliya recently.

IFC Announces US20 Million Investment in Kandeo 3D to Boost Private Sector Growth in Colombia México and Peru

Businesscafe - The International Finance Corporation (IFC), a member of the World Bank Group, announced a US$20 million investment in Kandeo 3D, a private debt fund managed by Kandeo Investment Advisors that will provide financing to underserved Middle-Market Enterprises (MMEs) in Colombia, México and Peru to accelerate economic recovery in the region.

 Rimac Nevera Takes the Hypercar Market by Storm

Businesscafe - Today, hypercar manufacturer and electric technology specialist, Rimac Automobili, unveiled the production version of the C_Two, now becoming the Nevera, an all-electric, 1914hp, 258mph, €2m hypercar designed and engineered to unleash an unprecedented level of performance.

GLX Expands Team of Growth Alchemists to Drive Good Innovation

Businesscafe - Good Life X (GLX), the cutting-edge catalyst for startups and SMEs in the food, agriculture, travel and wellness sectors, have announced new members joining their leadership team to drive a new phase of growth.

Commercial Bank Head Office

Businesscafe - The Commercial Bank of Ceylon has once again been declared the ‘Best Bank in Sri Lanka’ at the 2021 FinanceAsia Country Awards, taking its place among global and regional giants adjudged the best domestic banks in their respective countries.

Kanrich Finance logo

Businesscafe - The Financial Intelligence Unit (FIU) of the Central Bank of Sri Lanka (CBSL) issued a press release recently stating that the Unit imposed penalties on a couple of banks/finance companies including Kanrich Finance Ltd., for non-compliance of provisions in the Financial Transactions Reporting Act No. 6 of 2006 (FTRA) inter-alia related updating of United Nations Security Council Resolutions (UNSCR) Sanction lists and Financial Institutions (Customer Due Diligence) Rules as per the FIU rules, regulations and directives.

 Allianz Lanka Ideal Motors and First Choice Partner to Offer Insurance Benefits to New Vehicle Owners

Businesscafe - Allianz Insurance Lanka Limited (Allianz Lanka) joined hands with Ideal Motors and its subsidiary Ideal First Choice to facilitate free motor vehicle insurance for its vehicles in selected classes and vehicle damage repairs at Ideal First Choice and Ideal Motor Body & Paint Workshops Island-wide.