Category: Industry
HP unveils the next evolution of large format printing to Sri Lanka
HP has introduced the HP DesignJet Smart Tank T908 MFP and T858 SFP, the first large-format ink tank printers in Sri Lanka, exclusively distributed by The Technocity (Pvt) Ltd. Designed for Architecture, Engineering, and Construction (AEC) professionals and copy shops, who increasingly work in a hybrid environment. This new 36-inch HP DesignJet portfolio delivers cost-effective, high-speed printing with industry-leading security. “The AEC industry operates in a […]
Jaffna’s 3axislabs surpasses 100,000 global users with MindMap AI
Jaffna-based 3axislabs is expanding its Sri Lankan operations to meet growing international demand for its services. Having successfully delivered almost 50 projects to date, for clients in the USA, UK, Canada, Australia, Switzerland, Finland and other countries, the firm is planning to increase its staff total to 50 in the near term, while also expanding […]
Hambantota International Port Expands Bunkering with New HSFO Facilities
Hambantota International Port (HIP) marked a significant milestone in January 2025, by successfully integrating High Sulphur Fuel Oil (HSFO) into its range of bunkering services. Now offering a complete suite of marine fuels, including Very Low Sulphur Fuel Oil (VLSFO) and Marine Gas Oil (MGO/MDO). This development strengthens Sri Lanka’s position in the global maritime […]
VIDEO: Technofeudalism Unveiled – Yanis Varoufakis on the Fall of Capitalism
Former member of the Greek parliament and Minister of Finance Yanis Varoufakis joins host Chris Hedges on this episode of The Chris Hedges Report to explain how capitalism is dead and a new form of capital, the title of his new book, “Technofeudalism,” has arisen and holds power akin to the feudal lords of medieval […]
HNB PLC completes full acquisition of Acuity Partners: Rebrands as HNB Investment Bank
Hatton National Bank PLC (HNB), Sri Lanka’s second largest Private Bank, announced the successful acquisition of full ownership of Acuity Partners (Pvt) Ltd today. With this acquisition, HNB has rebranded the entity as HNB Investment Bank (Pvt) Ltd, further strengthening its position as a key player in the country’s investment banking sector. Acuity Partners was […]
Sri Lanka Sees 21-pct Increase in Tourist Arrivals in January 2025
Sri Lanka experienced a significant boost in foreign tourist arrivals, with numbers rising by 21.37% year-on-year to 252,761 in January 2025. This follows an 18.18% increase in the previous month, indicating a positive trend for the country’s tourism sector. India led the way as the top tourist source market, contributing 17.2% of the total arrivals. […]
‘ National IFS Ratings After Scale Recalibration, Affirms Three
Fitch Ratings has upgraded the National Insurer Financial Strength (IFS) Ratings of four Sri Lankan insurers following the recent sovereign upgrade and recalibration of the agency’s Sri Lankan national rating scale. At the same time, Fitch has affirmed the National IFS of three Sri Lankan insurers. The recalibration reflects changes in the relative creditworthiness of […]
The Technocity Pvt Ltd Expands to Dubai, Bringing Premier IT Solutions to the UAE
The Technocity Pvt Ltd, Sri Lanka’s leading IT distributor, has officially expanded its operations to Dubai, UAE, signalling a significant milestone in its journey of growth and innovation. Established in 1998, Technocity has built a reputation as a trusted distributor for 17 world-class brands including global IT giants such as HP, ASUS MSI and Lenovo. […]
India’s top Lube brand Hindustan Petroleum Lubricants arrives in SL with Sea World Lanka
Hindustan Petroleum Lubricants markets more than 450 grades of Lubricants/Greases and caters to many global auto OEMs To offer full range of premium and world class Automotive, Industrial and Marine Lubricants and specialty products Sri Lanka’s lubricants market has been significantly strengthened with the formal entry of HP Lubricants, part of Hindustan Petroleum Corporation Limited […]
ComBank Digital integrates with CSE’s Central Depository System for IPO settlements
The Commercial Bank of Ceylon has announced that ComBank Digital, the Bank’s digital banking platform, is now linked with the Central Depository System (CDS) of the Colombo Stock Exchange (CSE), enabling the Bank’s account holders to make IPO settlements directly from their accounts. Made possible by the integration of the CDS with the LankaPay Government […]
Visa: End-of-Year Tourist Transactions Up by 40% in Sri Lanka This Holiday Season
Surge in card transactions by tourists was driven largely by in-store use of debit cards Domestic debit spends grew by 45% while cross-border debit spends grew by almost 30% Domestic cardholders in Sri Lanka spent 35%+ more than in 2023 Holiday Season, buoyed by increasing penetration of contactless payments Visa (NYSE: V), the global leader […]
Sri Lanka’s DFCC’s Acuity Stake Disposal Yields Limited Capital Boost
Sri Lankan DFCC Bank PLC’s (DFCC, A(lka)/Stable) divestment of its 50% stake in Acuity Partners (Pvt) Limited (APL) is unlikely to result in a material improvement in its regulatory capital ratios or have any impact on its national rating, says Fitch Ratings. We expect the transaction, valued at LKR6.5 billion, to improve DFCC’s capital buffers […]