Business News

The hunt has begun for Sri Lanka’s ‘big idea’ technology startups with the launch of the 2015 Global Startup Labs (GSL) Sri Lanka Challenge.

Orion City, best known for its provision of premium commercial and office infrastructure, added yet another achievement to its list of accolades recently by achieving a LEED Silver certification with a total of 53 points in the LEED BD+C: New Construction (v2009) category.

Shree FM has partnered with Mr. Nalaka Hewamadduma and ACCA of Sri Lanka to hold a series of motivational seminars for Advanced Level (A/L) students in Sri Lanka, helping them to prepare for their upcoming examinations, as well as for future jobs in the corporate world.

Carmudi’s report on ‘The Booming Automotive Industry in Emerging Markets’ provides a detailed look into the global state of automotive sales and how car purchasing behaviors have changed due to the drastic increase in internet and mobile penetration, rising GDP, and the emergence of a middle class.

The Commercial Bank of Ceylon has been adjudged the ‘Best Bank’ in Sri Lanka in 2015 by Hong Kong based ‘FinanceAsia,’ one of the most eminent financial publications in the region.

With a growing number of professionals working outside the main office at least some of the time, use of remote working tools has also radically increased across the globe.

EZY Racing’s most successful racing duo Sajaad Zuhair and Dilan Seneviratne delivered yet another 100% podium winning weekend for Sri Lanka’s very first International Racing Team, when they stamped their class in the ever famous Katukurunda Race Track, organised by AMRC-Slardar.

In its interim financial statement released for the fourth quarter of the financial year 2014/15 Renuka Foods PLC recorded a revenue of Rs. 1,703 Mn, a 17% increase compared to the revenue during the same period last year.

Ceyoka ( Member of Nawaloka Holdings), the nation’s leading diversified company, through its fully owned subsidiary Koala (Pvt) Ltd – a name synonymous with a range of stylish interiors and exquisite décor - recently launched its new trendy and versatile Vicrila Glassware and Flatware offerings - The latest line of products to join the Koala Hospitality and Retail tabletop portfolio, among a distinguished gathering of leading Hoteliers, corporates and stakeholders of the hospitality sector.

Softlogic Capital PLC which is the financial services holding company of the Softlogic Group, reported Profit after Tax for the Sector of Rs 782 Million for the financial year ended March 2015.