Business News

 HUTCH delivers FOC Electric bikes to their Distributors to ensure continued distribution

Businesscafe - HUTCH, the country’s fast-growing choice for mobile communication services, in an industry-first initiative kicked off a major Electric-bikes assistance program for its distribution partners to overcome the challenges of the present mobility constrained environment.

Research manager Mia Elg of Deltamarin

Businesscafe - Shipowners and operators should be well into planning ahead for the EEXI and CII regulations coming in from 2023, and what improvements they should make so their ships comply.

Joint Apparel Association Forum JAAF Logo

Businesscafe - As Sri Lanka struggles under the weight of the ongoing economic crisis with power outages, shortages and price increases of essentials, the Joint Apparel Association Forum welcomes the call to action by the Ethical Trading Initiative (ETI) and the American Apparel and Footwear Association (AAFA) to support the apparel sector’s efforts towards ensuring worker welfare.

 Businesscafe Image Left to Right Softlogic Life PLC Chairman Ashok Pathirage and Softlogic Life PLC Managing Director Iftikar Ahamed

Businesscafe - Defying all odds amidst challenging macroeconomic conditions, Sri Lanka’s fastest-growing life insurer Softlogic Life announced that the company had climbed its way to becoming Sri Lanka’s 2nd largest life insurance company after recording a superior growth performance during the first half of 2022.

Quickee.lk donates state of the art digital teaching system to St Thomas College Mt Lavinia

Businesscafe - Quickee.lk, Sri Lanka’s favourite online marketplace, recently provided a state-of-the-art digital interactive smartboard system to S. Thomas' College, Mt Lavinia.

Nations Trust Bank PLC records steady performance in 1st half 2022 amidst challenging market conditions Gihan Cooray Hemantha Gunetilleke

Businesscafe - Nations Trust Bank PLC recorded steady performance at the end of 1H2022, achieving Operating Income of LKR 16.6Bn at a year-on-year growth rate of 50%.

 Ex IGP Dr. Jayantha Wickramaratne appointed as the Chairman of Sanasa Life Insurance PLC

Businesscafe - Retired Inspector General of Police Dr. Jayantha Wickramaratne has been appointed as the new chairman of SANASA Life Insurance Company PLC, which has been recognized as the “Fastest Growing Life Insurance Company” in the country by both local and international awarding bodies.

Sathosa Motors celebrates 60 years of excellence and partnership with Isuzu

Businesscafe - Positioned at the forefront of the commercial vehicle industry segment, Sathosa Motors (SML) PLC celebrates its glorious 60th anniversary this year, coinciding with its 60th year of partnership with Isuzu Japan since 1962, the most trusted Japanese truck brand and the market leader in the Japanese commercial truck segment in Sri Lanka.

IFS

Businesscafe - IFS, the global cloud enterprise software company, today reported its financial results for H1 as of June 30, 2022, with its share of Recurring Revenue reaching 71 percent of Total Revenues and Software Revenues reaching 76 percent of Total Revenues.

Harsha Amarasekera Chairman Sampath Bank and Nanda Fernando Managing Director Sampath Bank

Businesscafe - Sampath Bank continued to maintain a solid capital base and stable liquidity profile in the first half of 2022 notwithstanding multiple economic challenges.