Category: Industry
Noyon celebrates over a century of lace heritage and 20yrs of design and craftsmanship in Sri Lanka
Noyon Lanka (Pvt) Ltd, a leader in lace design and sustainable textile manufacturing, marked its 20-year anniversary in Sri Lanka with a special event under the theme 100 Years of Lace Heritage, 20 Years of Design and Craftsmanship. Noyon, a globally renowned lace design to delivery solutions provider, celebrated this occasion at its Headquarters in […]
Evolving apparel industry models: Hela and Reebok’s partnership to capitalize on verticality
Hela Apparel Holdings PLC, the publicly-listed fashion conglomerate headquartered in Sri Lanka, recently announced an exclusive long-term partnership with Authentic Brands Group to design, manufacture, and sell Reebok-branded outerwear across the UK and Europe. This collaboration marks a significant milestone in expanding the Hela Group’s offering to the fashion industry by fusing its design, manufacturing […]
Sampath Bank strengthens global ties with USD 750Mn investment in SBI syndicated loan
Sampath Bank PLC proudly announces its participation in a significant financial milestone, contributing to the $750 million senior unsecured syndicated term loan facility for the State Bank of India (SBI), facilitated by Mashreq, one of the leading financial institutions in the MENA region. This collaboration highlights Sampath Bank’s commitment to supporting strategic international financing initiatives. […]
Driving global change: GSCS International and JAAF lead in sustainable development
GSCS International Ltd, with a global presence in over 35 countries, offers steady, sustainable, and enduring development as a provider of certification, assessment, audit, verification, inspection, and capacity-building services. GSCS International – Sri Lanka successfully organized the SustainSphere 2.0 program, aimed at innovating tomorrow’s industry through sustainability. Held in Sri Lanka, the event attracted a […]
Union Bank Partners with Micro Cars Limited to provide customers with convenient leasing facilities
Union Bank recently signed a MOU with Micro Cars Limited to provide customers with convenient leasing facilities, coupled with added benefits. The MOU was signed in the presence of Chaya Jayawardane, Senior Vice President of Retail Banking, Kasun Balasooriya, Head of Leasing, and Dilukshan Jayakody, Branch Manager Borella along with other representatives from Union Bank, […]
Cinnamon Air Launches New Flights Connecting South Coast with Cultural Triangle and Central Hill Country
Cinnamon Air, Sri Lanka’s premier domestic airline, is proud to announce the launch of two new daily scheduled flights connecting Kandy and Sigiriya with the South Coast destinations Koggala and Hambantota. These flights are set to commence on 1st November 2024 and will operate until 30th April 2025, strategically timed to cater to the influx […]
Ceylon Chamber and Sri Lanka Banks’ Association strengthen ongoing partnership
The Ceylon Chamber of Commerce and the Sri Lanka Banks’ Association (SLBA) signed a Memorandum of Understanding (MOU) to formalise and strengthen their ongoing partnership in promoting sustainable finance and financial inclusion in Sri Lanka. The two organisations through this partnership aim to engage in building both demand-side and supply-side capacity and connectivity on sustainable […]
Sri Lanka to scrutinize wind energy procurement practices post-elections, including Adani project
Cabinet Spokesman Minister Vijitha Herath says that the Sri Lankan government will review wind energy procurement practices including the project by India’s Adani Group after the upcoming parliamentary elections. Herath noted concerns raised by the Public Utilities Commission of Sri Lanka (PUCSL), the Ceylon Electricity Board Engineers Union (CEBEU), and the Court, which will be […]
Sri Lanka smartphone market surges 218-pct in Q2 2024: IDC
Sri Lanka’s market shipped 365 thousand units, with 218% YoY growth, showing a triple-digit growth trend for 5 consecutive quarters, market intelligence provider, the International Data Corporation (IDC) said. The quarter had been a celebration time for Sinhalese New Year, Vesak Poya, and Poson, in which new brands and new models were launched. According to […]
Sunshine Healthcare Lanka attracts USD 10Mn FDI from IFC
Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion of the approximately LKR 3,270 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group. This landmark investment strengthens SHL’s vision to expand healthcare accessibility and bolster innovation across […]
‘s full-time head coach
Sri Lanka Cricket (SLC) announced the appointment of Sanath Jayasuriya as the head coach of the national team. This decision was made by the Executive Committee of SLC, recognizing the team’s impressive performances in recent tours against India, England, and New Zealand, where Jayasuriya served as the interim head coach. Jayasuriya’s appointment officially began on […]
HIP sees 40-pct Increase in RORO transshipment between 2nd and 3rd Quarters
The Hambantota International Port (HIP) has marked a 40 percent increase in RORO vehicles handled between the 2nd and 3rd quarters of 2024. From 125,526 units handled in the 2nd quarter the port went up to 175,583 RORO units handled as at the end of September. A contributing factor to this is the increase in […]