Category: General Services
Applications Invited for the 27th Presidential Export Awards
The Sri Lanka Export Development Board (EDB) is now calling for applications for the 27th Presidential Export Awards, which will be held under the patronage of His Excellency President Anura Kumara Dissanayake in December 2025 at the Bandaranaike Memorial International Conference Hall (BMICH). This year too, exporters are provided with the opportunity to submit their […]
Don’t Drive Away What’s Helping Consumers, Advocata Pushes for Checkout Tax Reform
Thousands of parcels ordered by Sri Lankans from popular e-commerce platforms like TEMU, AliExpress, and eBay are now stuck at customs, caught in a legal grey zone that’s choking the flow of goods. Advocata Institute warns ensuring consumer choice through a competitive market is key to delivering reasonable prices and better quality for Sri Lankans. […]
CBSL Extends Relief Measures for Affected SMEs, Offers Further Concessions
The Central Bank of Sri Lanka (CBSL) has announced an extension of relief measures and additional concessions for Small and Medium Enterprises (SMEs) that have been adversely affected in the recent past. This move aims to facilitate the sustainable revival of these businesses. Licensed commercial banks and licensed specialized banks have been advised by the […]
IGT 1 officially on-boards at Business Centre at Port City Colombo
IGT 1 Outsourcing Lanka (Private) Ltd, hereafter referred to as ‘IGT 1 Lanka’, the subsidiary of IGT Holding I Sweden AB, and sister company of IFS Sri Lanka, recently signed an agreement to officially on-board as office tenant at the Business Centre at Port City Colombo. The leasing agreement was signed by Sal Laher, IGT […]
EU GSP+ Monitoring Mission to visit Sri Lanka next week
A team of senior European Union (EU) officials will undertake a visit to Sri Lanka from 28 April – 07May 2025 to review Sri Lanka’s progress in implementing the 27 international conventions under the Generalized Scheme of Preferences Plus (GSP+) trade preferences program of the EU. The EU is Sri Lanka’s second largest export destination […]
CEAT’s share in Sri Lanka’s Original Equipment tyre market tops 90-pct
Six years after it entered into its first Original Equipment Manufacturer (OEM) partnership in Sri Lanka, CEAT Kelani Holdings has grown into a significant contributor of value addition to the country’s burgeoning automobile assembly industry. Locally-manufactured CEAT tyres are now original equipment in 11 brands of vehicles rolling off assembly lines in Sri Lanka, ranging […]
Lumala employees urge Government action to save Sri Lanka’s bicycle industry
Employees of Lumala City Cycle Industries Manufacturing Pvt Ltd are calling for urgent government intervention as their company faces an unprecedented crisis that threatens to shut down one of South Asia’s leading bicycle manufacturers. Located at Panadura, Lumala has played a pivotal role in Sri Lanka’s industrial sector for over five decades, yet escalating costs […]
NSBM celebrates success of graduating class of 2024
NSBM Green University, the premier degree awarding institute in Sri Lanka, commenced its annual General Convocation Week for 2024 yesterday (9th December). This ceremonious celebration of NSBM’s graduating Class of 2024 is scheduled to extend until 11th December, encompassing 9 distinct sessions at the NSBM Auditorium with renowned guests, scholars, parents, and students serving as […]
CEAT acquires CAMSO brand Off-Highway Tyres & Tracks business from Michelin in Sri Lanka
CEAT, an RPG company and Michelin, the global leader in tyres, announced today that they have entered into a definitive agreement for CEAT to acquire Camso brand’s Off-Highway construction equipment bias tyre and tracks business from Michelin in an all-cash deal valued at about $225 Mn (SLR 65 Bn). The transaction will include the business […]
HVA Foods PLC Partners with Müggenburg Group, Germany
HVA Foods PLC, a member of the George Steuart Group, announces its exclusive distributor partnership with Müggenburg Group, Germany, a renowned family-owned company with over 80 years of expertise in high-quality herbs and botanicals. This partnership enables HVA Foods PLC to introduce Müggenburg’s extensive range of raw and processed natural ingredients to Sri Lanka, for […]
Hemas Holdings Boosts Profitability through Efficiency in a Challenging Market
Hemas Holdings PLC reported a cumulative revenue of Rs. 54.4 billion, with operating profits of Rs. 5.0 billion and earnings of Rs. 2.5 billion. The decrease in revenue compared to same period last year was a result of cautious consumer spending accompanied by several strategic downward price adjustments, particularly in the Consumer Brands segment. However, […]
JKH records continued growth momentum in Q2
Sri Lanka’s John Keells Holdings PLC (JKH) reported continued growth momentum across almost all businesses in the second quarter, a statement showed. The Group revenue in 2Q was up by 20 percent to Rs.76.96 billion with increases across almost all businesses. JKH said the 687-key ‘Cinnamon Life’ hotel, restaurants and banquet facilities commenced operations on […]