Tag: lbo
Ramp Up 2024: WCIC’s fashion show focuses on empowering Sri Lankan designers
The Women’s Chamber of Industry and Commerce (WCIC) proudly announces ‘Ramp Up! 2024’, a significant fundraiser dedicated to empowering Sri Lankan female designers. Scheduled for 12th November at the Hilton Colombo, this event serves as a vital platform for showcasing the rich talents of local fashion designers and elevating their contributions to the industry. Following […]
CBL Munchee achieves BRC AA+ grade and GPEA ‘World Class’ recognition
Ceylon Biscuits Limited (CBL), Sri Lanka’s leading biscuit manufacturer and the proud owner of flagship brand Munchee, announces its remarkable achievement of securing the coveted BRCGS AA+ certification for the second consecutive year. In addition, CBL has been honored with the highly esteemed Global Performance Excellence Award (GPEA) ‘World Class’ status. Commenting on the achievement, […]
Assetline Finance join hands with BlueOrchard in empowering women entrepreneurs
In a groundbreaking development, Assetline Finance Limited, the flagship company in the financial services cluster of the David Pieris Holdings (Private Limited), one of Sri Lanka’s top conglomerates has secured a senior loan from the Japan ASEAN Women Empowerment Fund (JAWEF) managed by BlueOrchard Finance Ltd, a leading global impact investment manager. This loan marks […]
Eshan Pieris secures championship runner-up in GT World Challenge Asia 2024
The 2024 GT World Challenge Asia season concluded last month with a gripping finale at the Shanghai International Circuit, China. In a weekend filled with challenges and triumphs, Sri Lankan driver Eshan Pieris secured the runner-up position in the Silver Class championship. Pieris consistently showcased his talent and determination in the final race of the […]
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. […]
Mahindra Ideal Finance appoints Mufaddal Choonia as MD and CEO
Mahindra Ideal Finance Limited (MIFL), a subsidiary of Mahindra Finance has announced the appointment of Mufaddal Choonia as its new Managing Director & CEO with immediate effect. Mufaddal will succeed Duminda Weerasekare, who retired as MIFL’s CEO. In his new role, Mufaddal will focus on building a robust digital lending ecosystem, especially benefitting SME and […]
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 […]
Women’s Chamber of Industry and Commerce holds 39th AGM
The Women’s Chamber of Industry and Commerce (WCIC) held its Annual General Meeting (AGM), marking a pivotal moment in the organization’s 39-year journey. Established in 1985 as the world’s first chamber dedicated to empowering women, WCIC remains committed to fostering female entrepreneurship, leadership, and professional development across Sri Lanka. This year’s AGM, led by Chairperson […]
SL Purchasing Managers’ Index for construction industry expands at slower pace in Aug 2024
Sri Lanka Purchasing Managers’ Index for Construction (PMI -Construction) expanded at a slower pace in August 2024 over the significantly higher level reached in the previous month, recording an index value of 51.4. Further, most of the other indices were also around the neutral threshold, indicating that the operations of the construction industry broadly remained […]
Navigating new EU sustainability and labelling requirements: Challenges and opportunities
By Joint Apparel Association Forum (JAAF) The European Union (EU), with its vast market of over 448 million consumers, has always been a key destination for Sri Lankan apparel exports. Known for its high-quality and ethically produced garments, Sri Lanka has secured a strong foothold in this competitive space. However, new sustainability and labelling requirements […]
Planters’ Association of Ceylon welcomes new President : Calls for collaborative efforts to transform sector
The Planters’ Association of Ceylon (PA) congratulates NPP leader Anura Kumara Dissanayake on his election as the 9 th Executive President of Sri Lanka and called for renewed collaboration to secure sustainable growth and livelihood empowerment within the plantation sector. The Association called on President Dissanayake to initiate a transformative era for the plantation industry […]