Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.
BioMar, a global leader in sustainable aquaculture feed solutions, has deepened its partnership with Fortude, a global digital solutions provider, to transition its operations to the Infor CloudSuite Food & Beverage platform. This collaboration marks a significant milestone in BioMar’s journey toward becoming an agile and digitised enterprise. Operating with 17 production facilities worldwide, BioMar
New Zealand-based Fonterra has announced that it has received significant buyer interest in its Sri Lanka unit and global consumer division as part of its ongoing exploration to sell off these assets. Earlier this year, Fonterra revealed plans to exit the consumer (retail) business to focus on ingredients and food service distribution channels. Fonterra’s Chief
The Chamber of Young Lankan Entrepreneurs (COYLE) held its flagship 2024 Leadership Forum at the Shangri-La Colombo, gathering thought leaders, entrepreneurs, and visionaries to chart a path for the future of business in Sri Lanka. This dynamic event was designed to inspire and equip the next generation of trailblazers in entrepreneurship and business innovation. The
Sri Lanka has issued a gazette notice banning the transport, slaughter, and sale of pigs infected with African Swine Fever (ASF) as part of ongoing efforts to combat the outbreak. This ban will remain in effect for three months. According to K.K. Sarath, the Western Provincial Director of the Department of Animal Production and Health,
The CBL Group, Sri Lanka’s largest consumer products conglomerate with a presence in over 65 countries, has successfully completed an international strategy alignment initiative with MTI Consulting. This strategic alignment is aimed at strengthening Ceylon Biscuits’ global footprint, particularly through its flagship brand, Munchee, which has led Sri Lanka’s biscuits category for over two decades.
The Sri Lanka–USA Business Council (SLUSABC) of the Ceylon Chamber of Commerce has re-elected Charithra Hettiarachchi, CEO of WICHY Plantation Company (Pvt) Ltd, as President for the 2024/2025 term during its 8th annual general meeting. Looking ahead, the council aims to strengthen partnerships with USAID, the Export Development Board (EDB), and the Board of Investment
Port City Colombo is playing a pivotal role in accelerating the development of Sri Lanka’s IT industry, aligning with the Government’s ambitious goal of creating a $15 billion digital economy by 2030. As the country aims to establish itself as a leading tech hub in South Asia, Port City Colombo is focused on attracting major
The Sri Lanka-Indonesia Business Council (SLIBC) of The Ceylon Chamber of Commerce successfully concluded a Business Promotion Mission to Indonesia from 6 October to 11 October 2024. The mission aimed to strengthen trade, investment, and business ties between Sri Lanka and Indonesia while exploring collaborative opportunities across key industries. The delegation included 14 Sri Lankan
The Sri Lanka Institute of Directors (SLID) is gearing up to host its first-ever International Director Conference on 29th October 2024 at the Oak Room, Cinnamon Grand Hotel, Colombo, from 9:00 a.m. to 5:00 p.m. Under the theme “The Courage to be Bold”, the conference is designed to inspire business leaders to embrace confidence and
On 14th October, Samsung Sri Lanka and Singhagiri made waves in the tech world by launching their new flagship showroom at R.A. De Mel Mawatha in Colombo. The event marked a new chapter in the enduring 40-year partnership between the two industry leaders, with Singhagiri continuing its 52-year legacy of providing cutting-edge technology to Sri