Business News

Market Resumes Trading

Thursday, 12 May 2022 04:10

Colombo Stock Exchange

Businesscafe - The Colombo Stock Exchange (CSE) will resume trading tomorrow.

 Gestetner Telkom partners with Transsion Holdings to distribute TECNO Mobile in Sri Lanka

Businesscafe - Entering into the telco sub-sector, Gestetner-Telkom, the newly incorporated division of Gestetner of Ceylon PLC, the pioneers in office automation with a rich history spanning over seven decades, recently tied up with Transsion Holdings for national distributorship rights in Sri Lanka for one of the world’s fastest growing smartphone brands, TECNO Mobile following its captive market position in Africa & South Asian Regions in smartphones and accessories.

Mark Stringer appointed Commercial Director Lotus Engineering consultancy

Businesscafe - Lotus has announced the appointment of Mark Stringer as the new Commercial Director of Lotus Engineering, the consultancy division of the business.

Dilshan Rodrigo Chairman HNB Finance PLC and Chaminda Prabhath Managing Director and CEO HNB Finance PLC

Businesscafe - Sri Lanka’s leading integrated financial services provider, HNB Finance PLC, has further strengthened its customer operations and branch network by absorbing and bringing under its brand the 7 branches of Prime Finance PLC.

Market Holiday on 11th May 2022

Wednesday, 11 May 2022 03:43

Colombo Stock Exchange

Businesscafe - The Colombo Stock Exchange (CSE) continues to monitor the presence of conditions necessary to enable smooth and fair stock market operations.

IBM

Businesscafe - The International Business Machines Corporation (IBM) has seen a 35% decline in its workforce in the last 10 years.

FOMO Lab Launches Mr Bean NFT Collection

Businesscafe - FOMO Lab, the frontrunning intellectual property specialist, Metaverse architects and leaders in the Web3 revolution; have announced the genesis Mr Bean collection, in collaboration with Banijay, the largest independent content producer and distributor.

European Commission and EIB sign an Agreement to enable further investments worldwide

Businesscafe - Today, the European Commission and the European Investment Bank (EIB) signed an ambitious Guarantee Agreement through which the European Commission will support up to €26.7 billion of EIB financial operations to enable crucial public investments in sectors like clean energy, digital and transport infrastructure, health and education over the next seven years, rolling out Global Gateway worldwide.

Fablink Group Launches Streamline Automotive to Provide Low to Medium Volume Vehicle Manufacturing for Automotive and E Mobility Brands

Businesscafe - Leading British Tier 1 supplier, Fablink Group, today announces the establishment of Streamline Automotive.

Toyota

Businesscafe - Toyota topped all other competitors in patent acquisition within the U.S automobile sector.