Category: Industry
How Samsung foldables are defining the future of smartphone innovation
When Samsung Electronics revealed its first prototype of a flexible display back in 2011, few people realized they were witnessing a glimpse into the mobile industry’s future. Now, a decade later, Samsung has shipped 4 times more foldable devices in 2021 than in 2020, exceeding the three-fold market growth that analysts expected. Consumer enthusiasm for […]
Hela Apparel Holdings prepares for upcoming IPO on 12th Jan
The initial public offering of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group) is set to open on the 12th of January 2022. The IPO has gathered significant interest from institutions, high net-worth individuals and retail investors. Hela Apparel Holdings Limited is offering 267,108,998 ordinary voting shares to the public at […]
SriLankan Airlines reports a net Profit in December 2021
SriLankan Airlines reports a Company Profit of USD 9.25 million and a Group Profit of USD 10.66 million for December 2021, which is the first profitable month for the Airline since the onset of the Pandemic in early 2020. The revenues are up by almost 200% compared with the same period last year and has […]
Opinion: Diversification vital for the long-term stability of the RPCs
Should optimise assets, not limit themselves to being solely agriculture businesses By Bhathiya Bulumulla Over the past three decades, the Regional Plantation Companies (RPCs) have established themselves as a critical stakeholder of Sri Lanka’s plantation industry. The RPCs were formed in 1992, primarily with the intention of bringing in the private sector, to improve the […]
SriLankan partners with American Airlines for better connectivity across N America and Europe
SriLankan Airlines has announced that the Airline reestablished a codeshare arrangement with American Airlines in December 2021, which is expected to offer customers enhanced connectivity and travel options across North America and Europe. This strategic partnership would allow the placement of the SriLankan Airlines’ code on American Airlines’ flights to US cities Miami and New […]
Find solutions to power crisis without disrupting lives of people, says President
President Gotabaya Rajapaksa stressed that steps should be taken to find a solution to the power crisis without disrupting the lives of the people. The President made these remarks during a discussion held at the Presidential Secretariat this morning (10) with the Heads of the Power and Energy sectors regarding the issue of power cuts. […]
Advisory Council appointed for Automobile Assembling & Components Manufacturing Industries
Minister of Industries, Wimal Weerawansha recently appointed the chairman and members of the Advisory Council of the Automobile Assembling and Automobile Components Manufacturing Industries in Sri Lanka. The appointments were made as part of the programme to focus greater attention on the twenty industries coming under the purview of the Ministry. The council consists of […]
‘s Register
The Hambantota International Port (HIP) has received FSS certification (Fitness for Service) for their tank farm facility. The certification was issued by Lloyd’s Register (LR), the World’s leading provider of classification, compliance and consultancy services to marine and offshore industries. This is a landmark achievement that will further strengthen the HIP brand in the maritime […]
Global body validates CA Sri Lanka’s qualifications
The highly sought after Chartered Accounting qualification offered by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) was further reinforced after a leading international body recognised the Associate Chartered Accountant (ACA) qualification as comparable to a Master’s Degree standard, while the Certified Corporate Accountant (CCA) qualification was recognised as a qualification comparable […]
Daraz reinvents: A new perspective for SL’s e-commerce
Daraz is entering a new phase of its journey towards creating exceptional user experiences and developing a digitized ecosystem. Embarking on an exciting initiative to relaunch its brand, Daraz hopes to reaffirm its position in the lives of e-commerce users across the region. Alongside tech leaders across the globe, Daraz hopes to add a new […]
Kapruka shares begin trading tomorrow
Shares of Kapruka Holdings Limited will commence trading on the Main Board of the Colombo Stock Exchange under the symbol, “KPHL”, tomorrow, 7th Friday 2022. Kapruka Holdings Limited is the holding company of Kapruka, Sri Lanka’s Pioneering e-commerce platform with a global presence. The Company recently offered 32,826,000 ordinary voting shares to the public through its […]
Internship opportunities for SLIM undergraduates within SLASSCOM
The Sri Lanka Institute of Marketing (SLIM) recently signed a Memorandum of Understanding (MoU) with the Sri Lanka Association for Software Services Companies (SLASSCOM), the national chamber for the knowledge and innovation industry in Sri Lanka. The MoU was signed to facilitate internship opportunities for SLIM undergraduates within the SLASSCOM landscape. Signed on the 21st […]