The Ceylon Chamber of Commerce (CCC) hosted its 20th Best Corporate Citizen Sustainability Awards (BCCS) ceremony, recognizing Sri Lankan companies for their commitment to environmental, social, and economic sustainability. The BCCS Awards serve as a cornerstone of the CCC’s efforts to promote sustainable practices within the Sri Lankan corporate sector. Chairman Duminada Hulangamuwa emphasized the
Sri Lankan pharmaceutical company Morison, formerly J.L Morison Son & Jones (Ceylon) PLC, is making significant strides in domestic drug production. Following a recent Rs. 400 million upgrade to their Mutwal facility and a substantial Rs. 4 billion investment in a new state-of-the-art plant in Homagama, Morison is poised to revolutionize the Sri Lankan pharmaceutical
The Würth Group, a leading global provider of assembly and fastening materials, has reached a historic peak, surpassing EUR 20 billion in annual sales for the first time. This achievement comes amidst a backdrop of global economic and political uncertainties, highlighting the company’s resilience and adaptability. According to preliminary financial statements for the 2023 fiscal
The Chamber of Young Lankan Entrepreneurs (COYLE) is charting a new course aimed at propelling Sri Lankan businesses onto the global stage. At their recent 25th annual general meeting, newly appointed President Thushira Raddella announced a strategic shift towards international engagement. Recognizing the evolving landscape of global commerce, COYLE plans to establish regional offices in
Seylan Credit Cards and Hayleys Solar have joined forces once again to extend their successful partnership. This collaboration empowers customers with convenient Easy Payment Plans when purchasing solar power units from Hayleys Solar, a leading Sri Lankan solar provider, using their Seylan Credit Cards. This initiative comes at a crucial time, with rising electricity costs
Cargills Food & Beverages Limited, the company behind the popular KIST brand in Sri Lanka, is launching a new line of exotic sauces called KIST Squeeasy Buddy. This collection, packaged in convenient squeezable bottles, aims to cater to the diverse culinary needs of modern consumers. Expanding KIST’s Reach Known for its classic sauces like Tomato,
Sri Lankan e-commerce leader, Kapruka.com, unveiled its new platform, Kapruka Partner-Central, on February 29th, aiming to empower businesses and revolutionize the online selling experience. This launch event, held at the Lotus Tower in Colombo, marks a significant step towards creating a more inclusive and dynamic e-commerce ecosystem in Sri Lanka. A Platform Built for Partnership
Sri Lanka’s national carrier, SriLankan Airlines, is undergoing a significant restructuring effort to attract new investors. The government aims to make the airline more appealing by absorbing a substantial portion of its debt and implementing cost-cutting measures. The government plans to absorb $512 million of the airline’s debt, hoping to reduce the overall burden to
HNB PLC has partnered with SLT Mobitel to launch a groundbreaking initiative called “Data Freedom,” marking a significant step forward in Sri Lanka’s digital banking landscape. This first-of-its-kind service offers HNB’s digital users free access to the bank’s entire suite of digital platforms, removing a major barrier to financial inclusion. The “Data Freedom” initiative provides
The SLT Group, a Sri Lankan telecommunications conglomerate, faced a year of mixed performance in 2023. While the company implemented cost-saving measures and witnessed positive signs in its Mobitel subsidiary, overall revenue and profitability declined compared to 2022. The year 2023 presented significant challenges for the SLT Group. The company’s consolidated revenue for the fourth