Category: Companies
Ceylon Chamber Expresses Deep Concern over US Tariffs
The Ceylon Chamber of Commerce expresses deep concern over the imposition of a 44% tariff on Sri Lankan exports to the United States (US). With the US accounting for approximately USD 3 billion in exports and 25% of Sri Lanka’s total merchandise export, this development poses a significant challenge to the country’s trade and economic […]
Sri Lanka’s Apparel industry responds to new U.S. tariffs; Engages Government on way forward
Sri Lanka’s apparel industry has expressed its concern over the Reciprocal Tariff policy announced by the U.S regime earlier today. The new tariffs proposed could significantly disrupt the country’s largest export sector and put thousands of jobs at risk. Following an announcement by U.S. President Donald Trump on April 2, a 10% baseline tariff on […]
Celebrating progress and partnerships: EZVIZ’s new product launch in Sri Lanka
EZVIZ, a global leader in smart home security solutions, proudly hosted its event, ‘EZVIZ: LEADING SMART HOME EMPOWERMENT 2025’ at Cinnamon Life last week. The event brought together esteemed partners, distributors, and stakeholders to celebrate their remarkable journey in Sri Lanka, express gratitude to their valued partners, and unveil the latest innovations designed specifically for […]
Strengthening Sri Lanka’s reputation for responsible sourcing
Sri Lanka’s apparel industry has long been held up as a leader in ethical manufacturing, and that reputation has been further validated by a strong endorsement from Avedis Seferian, President and CEO of Worldwide Responsible Accredited Production (WRAP). In a recent discussion with the Joint Apparel Association Forum (JAAF), Seferian emphasized how independent certification has […]
Shyam Sathasivam succeeds veteran leader Vish Govindasamy at Sunshine Holdings PLC
Sunshine Holdings PLC (CSE: SUN) announced that Vish Govindasamy will be stepping down from his executive role within the Group to a Non- Executive role as Deputy Chairman after an illustrious 28-year journey marked by bold leadership, transformative innovation, and deep-rooted commitment to responsible entrepreneurship. Govindasamy will continue to support the Group in an advisory […]
& Zenbook 14
ASUS, a Taiwanese tech giant is set to push the boundaries of innovation with its latest lineup of AI-powered laptops offering versatile performance, stunning design, and multiple use case options for enhanced productivity and entertainment. The brand’s first lineup of 2025 not only caters to a new segment but also makes AI more accessible than […]
Optimism among Swedish companies working with Sri Lanka
“Growth in the last five years, growth in 2024 and optimism for 2025.” These are some of the key findings from the Sweden-Sri Lanka Business Council’s (SSLBC) 2025 Membership Survey. The results are also a reflection of the increasing interest for Sri Lanka among Swedish companies. In two years, the number of members of SSLBC […]
Seafoods, Seacucumber, and Seizing Opportunity in Jaffna
By Jekhan Aruliah Mr Ganendran is from Navaly, near Manipay Jaffna. Born in 1975 to a Christian Catholic family, Ganendran had his schooling from Grade 3 to A’Levels at St Patrick’s College. St Patrick’s is one of the leading Jaffna schools, not far from Jaffna Fort. In the midst of the Sri Lankan Civil War, […]
CBL Foods International wins Gold for best in-house R&D unit at National awards
CBL Foods International (Pvt) Ltd. (CBLF), a subsidiary of CBL Group, was awarded Gold for Best In-House Research and Development Unit at theNational Industry Brand Excellence Awards, organised by the Industrial Development Board (IDB), for its exemplary performance and commitment demonstrated in driving innovative solutions and technological advancements that significantly contribute to the expansion of […]
The Ceylon Chamber of Commerce Celebrates 186 Years of Service to Sri Lanka
The Ceylon Chamber of Commerce, Sri Lanka’s premier business chamber, proudly marks its 186th anniversary today (25th March) Reflecting on this milestone, the Chairman of the Ceylon Chamber, Mr. Duminda Hulangamuwa, stated, ‘for 186 years, the Ceylon Chamber has remained committed to putting “Sri Lanka First” in all its efforts. Whether through policy advocacy, trade […]
”’ Proposed Debentures
Fitch Ratings has published the National Long-Term Rating of ‘AAA(lka)’ for Sri Lankan conglomerate Hayleys PLC’s (AAA(lka)/Stable) proposed senior unsecured redeemable debentures of up to LKR7 billion. The proposed debentures are rated in line with Hayley’s National Long-Term Rating and existing unsecured notes because we believe there will be limited subordination risk to debenture holders […]
Fortude celebrates milestones in leadership development and community impact
Fortude, a global enterprise technology solutions provider, celebrated key milestones achieved under the Guiding Leadership & Outreach (GLO) program, a pioneering leadership development initiative by the Association of HR Professionals (AHRP) and Global Learning Labs. Through a series of transformative learning experiences, Fortude has empowered aspiring leaders while extending its impact beyond corporate boundaries to […]