Business News

Sri Lankan heirloom rice based world s first skincare range Vivya ready to go global

Businesscafe - Vivya, the first ever Sri Lankan heirloom rice infused skin care solutions range, is poised to enter in the South Asian market-and beyond.

Colombo Stock Exchange

Businesscafe - The Board of Directors of the Colombo Stock Exchange (CSE) approved the revision of the index calculation methodology of the All Share Price Index (ASPI) at a Board meeting held on 15th November 2021 to change its calculation basis from full Market Capitalization-weighting to free float-adjusted Market Capitalization-weighting with effect from January 2022 following consultations with stakeholders.

His Most Rev Excellency Dr Emmanuvel Fernando Bishop ofMannar together with Dimuth Sigera Assistant General Manager Branches Seylan Bank

Businesscafe - Seylan Bank, the Bank with a Heart, relocated its Mannar Branch to a spacious new location on the 15th of November 2021, the new and improved branch is conveniently located at No. 181, Thalaimannar Road, Mannar and will be in operation from today.

 Commercial Bank Logo

Businesscafe - The Commercial Bank of Ceylon, a leader in tech-based banking products and services, recently won the Banking and Financial Services Category Award presented by the Sri Lanka Association for Software Services Companies (SLASSCOM) for its case study on robotic process automation (RPA).

Roar Media and Sarah Kabir to Produce Netflix Style Documentary on 72 Years of Sri Lankan History

Businesscafe - In a brand new initiative, under the working title ‘Project 72’, Roar Media and author Sarah Kabir are set to take a deep dive into Sri Lanka’s past since gaining Independence in 1948, entertainingly and educationally covering some of the most defining years in the nation’s history.

CEAT radials designated Original Equipment for locallyassembled Mahindra Bolero City Pik ups

Businesscafe - CEAT Kelani Holdings has reached another milestone in radial tyre manufacture in Sri Lanka with the Company’s appointment as an Original Equipment Manufacturer (OEM) for Bolero City Pik-up vehicles assembled in Sri Lanka by Mahindra & Mahindra (M&M) India in collaboration with Ideal Motors.

 Sunshine Holdings

Businesscafe - Recording another quarter of impressive financial performance in a challenging economic backdrop, diversified conglomerate Sunshine Holdings PLC (CSE: SUN) posted consolidated revenue of Rs. 15.8 billion for the six months ending 30 September 2021, an increase of 44% YoY compared to the corresponding period of last year.

StartupX Foundry and Lankan Angel Network Launch Knowledge Sharing Platform to Spur Entrepreneurship

Businesscafe - Sri Lankan tech startup incubator and accelerator StartupX Foundry recently launched its entrepreneurship initiative, “Vyawasayakayanta Athwelak,” a knowledge sharing platform that aims to bridge the gap in entrepreneurial knowledge pertaining to startups, particularly in underserved communities to both guide and encourage rural entrepreneurship.

Natular DT

Businesscafe - DTW International Private Limited in collaboration with UPL Limited and Clarke recently introduced Natular DT, a mosquito breeding sites controlling product designed to aid Sri Lanka in the fight against dengue and Culex mosquito-borne illnesses.

CBL Group once again in SL Top 10 Most Admired Companies list

Businesscafe - Over its 50+ year journey, CBL and CBL brands Munchee, Ritzbury, Revello, Tiara, Samaposha, Nutriline, Lankasoy and Sera have become staples in Sri Lanka’s food landscape.