Category: Business and Economy

Macktiles, the youngest player in the Sri Lankan tile industry, has taken the initiative to expand further by establishing manufacturing facilities to cater to the local demand. This initiates an industrial expansion drive in keeping with the Government’s initiative to develop Sri Lankan industries. The Company has invested in a state-of-the-Art plant from the Italian…

Regional recognition marks an important milestone for the Sri Lankan co-working ecosystem. Hatch’s mission to define and refine the standards of The Future of Work is well underway, and it’s gathering more momentum than ever. The innovative co-working space and startup incubator has been awarded “The Best Co-Working Space 2020” at the prestigious SAARC Startup…

Ernst & Young (EY), recently hosted a webcast for its Financial Institution clients to discuss how to maximize the Automation potential using globally accepted best practices and frameworks. During this session which was facilitated by Hiranthi Fonseka, Partner EY Sri Lanka, Johann Anderson, Manager, Assurance, RPA and Analytics for Reporting at EY Sri Lanka and…

Ocean Lanka, Sri Lanka’s largest weft knitted fabric manufacturer, honoured a large cohort of staff marking employment milestones at the Ocean Lanka Service Awards, where cash prizes were presented to 12 employees who have served for 25 years and 27 staff members who have served for 20 years. Addressing the staff, Managing Director of Ocean…

With dual-goodness combinations of Pokuru Wada and Sandun, Kohomba and Venivel, Pichcha and Vadakaha From the moment a baby is conceived, parents wish to provide the best of everything for their precious bundle of joy to ensure utmost safety and comfort. As such, due prominence is always placed on quality and safety aspects when choosing…

Macksons Tower by Macksons Developers was recently launched in the city of Colombo signifying the first mixed development project by Macksons Holdings. Situated at 12, Alfred House Gardens, Colombo 3, the property offers retail and office space with ample parking, thereby providing all required facilities at a convenient location. The soft opening was held in…

In yet another pioneering solution to address customers‘ worry of losing unused data quota due to pack expiring, HUTCH recently launched a range of Longer Validity Anytime data plans that offer extended validity of up to 60 days. With the introduction of longer validity plans, HUTCH has ensured that its customers now do not need…

Non-Performing Loans at 60% below the industry average Profits increased by 47% Portfolio grew by 5% Deposits rose by 19% Commercial Leasing & Finance PLC (CLC) delivered a powerhouse financial performance despite the wider economic and industry volatility caused by the COVID-19 pandemic. CLC recorded excellent numbers for the first nine months of the financial…

Forging the way to a remarkable achievement, Kumarika, a leading hair care solutions provider owned by Hemas Manufacturing, today became the first-ever hair oil brand to receive the SLS certification. The certification was awarded to Kumarika by the Sri Lanka Standard Institution (SLSI) at a ceremony held at the Sri Lanka Standard Institution, Colombo with…

Founder and CEO of Rootcode Labs Alagan Mahalingam was named ‘ICT Entrepreneur of the Year’ at the National ICT Awards (NBQSA 2020) which was held at the Bandaranaike Memorial International Conference Hall on Wednesday, 3rd February 2021. The gala awards ceremony was organised by the Sri Lankan chapter of the British Computer Society (BCS) –…