Business News

 Union Assurance Tops Rankings as the No 1 Transparent Life Insurer in Sri Lanka

Businesscafe - Union Assurance, Sri Lanka’s premier Life Insurer, has been recognised as the #1 Life Insurance Company in the latest Transparency in Corporate Reporting Assessment 2023 (TRAC) published by Transparency International Sri Lanka (TISL).

Commercial Bank Chairman Mr Sharhan Muhseen and Managing Director CEO Mr Sanath Manatunge

Businesscafe - The Commercial Bank of Ceylon Group has ended the first quarter of 2024 with a loan book of Rs 1.316 trillion, continuing the Bank’s focus on lending in a period where the appreciation of the Rupee negatively impacted the value of the loan book and resulted in a contraction of the balance sheet.

Left to Right Nations Trust Bank Chairperson Sherin Cader and Director Chief Executive Officer Hemantha Gunetilleke

Businesscafe - Nations Trust Bank PLC reported a strong performance in the first 3 months of 2024, posting a Profit Before Tax (PBT) of LKR 7.5 billion, up 28% year-on-year (YoY) and a Profit After Tax (PAT) of 3.7 billion, up 35% YoY.

Moms at the Heart of Samsung Powering Innovation Behind the Screens

Businesscafe - In the ever-evolving landscape of technology, there exists a silent force, often overlooked yet undeniably influential: the modern mom.

CSE and USAID hold an Issuer Forum in the Southern Region educating SMEs on the opportunities in capital raising through listing

Businesscafe - The Colombo Stock Exchange (CSE) and the United States Agency for International Development (USAID) collaborated on a forum to provide small and medium sized enterprises (SMEs) in southern Sri Lanka with insights into opportunities to raise capital through the CSE.

SLT MOBITEL Enterprise introduces Unlimited Voice calling for Enterprises Stay Connected Talk Unlimited

Businesscafe - Focused on delivering a comprehensive suite of solutions tailored for the business sector, SLT-MOBITEL Enterprise proudly introduces its latest offering: an Unlimited Voice calling package with a fixed rental.

LRA upgrades Janashakthi Limited to Investment Grade

Businesscafe - Janashakthi Limited (JXG), the parent entity of the Janashakthi Group of Companies, announces a three-notch upgrade in its credit rating by Lanka Rating Agency (LRA) from BB- to BBB-.

Tamilpreneur gears up to elevate Sri Lanka s Tamil speaking business leaders and entrepreneurs

Businesscafe - Tamilpreneur is set to celebrate diversity, promote inclusivity, and foster collective growth within the Tamil-speaking business community on 30th May 2024 from 6.30pm onwards at Hatch Works.

CSE Adopts Two Ambulances for the 1990 Suwa Seriya Foundation

Businesscafe - With the intention of supporting Sri Lanka’s healthcare system by ensuring increased access to emergency healthcare services, the CSE adopted two ambulances for the 1990 Suwa Seriya Foundation.

Huawei ADN Won the Automation Solution Award at FutureNet World 2024

Businesscafe - The FutureNet World 2024 was held in London from April 16-17.