Business News

Taxation Dynamics Deloitte Panel Deciphers Implications of Sri Lanka s 2024 Budget

Businesscafe - Deloitte Sri Lanka, part of the international auditing, consulting, and financial advisory giant, Deloitte Global, held a special “Budget Night” panel discussion on Sri Lanka’s Government Budget 2024, on the 13th of November 2023, soon after the Budget was presented to parliament by President Ranil Wickremasinghe, as the Minister of Finance.

EDOTCO Sri Lanka Celebrates Launch of 700th multipurpose streetlamp pole Boosting Nationwide Connectivity

Businesscafe - EDOTCO Services Lanka (Private) Limited (EDOTCO Sri Lanka) has achieved a significant milestone with the inauguration of its 700th multipurpose streetlamp pole at the Port City Development project in Colombo 01.

Co operative Insurance continues exceptional journey in 2023

Businesscafe - Co-operative Insurance Company PLC reports total assets valued at Rs. 10 billion at the end of third quarter in 2023

Emirates places US 52 billion wide body aircraft order at Dubai Airshow 2023

Businesscafe - Emirates opened the Dubai Airshow 2023 today with a significant order for 95 additional wide-body aircraft, taking its total order book to 295 aircraft.

Navigating Work and Love The Dynamic Journey of the Deepan Duo

Businesscafe - In the bustling world of business, where success often comes hand in hand with a hectic lifestyle, finding the delicate balance between personal and professional life can be a challenge.

Royal Cashews bags Gold Award at Industrial Excellence Awards 2023

Businesscafe - Royal Cashews, a proud Sri Lankan company empowering local cashew cultivators, and has reached greater heights in local and international markets, won the Gold Award in the Snacks and Confectionery Product category at the National Industrial Excellence Awards organised by the Industrial Development Board (IDB).

Union Assurance Paves Way for Inspiring Efforts of Teacher and Students

Businesscafe - Union Assurance, Sri Lanka's leading Life Insurer, has recently donated musical instruments to Gairanagama Vidyalaya in recognition and support of the outstanding efforts of Ms. Buddhima Abeysinghe, the school's drama teacher. Ms. Abeysinghe’s dedication to expanding the curriculum by introducing drama has not only broadened the horizons of the students but has also showcased their incredible potential.


Upon her appointment to the school in 2016, Ms. Abeysinghe identified the limited choice of aesthetic subjects in the curriculum and, undeterred by challenges, went above and beyond to introduce drama to the students.


Her relentless efforts, along with the support of her team, have resulted in numerous accolades for the young talent of Gairanagama Vidyalaya.


The achievements include notable awards such as Best Script, Best Drama, Best Actor, and Best Actress in various regional and district competitions.


Recognizing the remarkable achievements of these students and the passion exhibited by Ms. Abeysinghe, Union Assurance has stepped forward to donate a variety of musical instruments that would support the subject.


This donation aims to provide the necessary resources that the students require to nurture their talents and enhance their performances.


Ms. Abeysinghe expressed her gratitude, stating,


"It was evident that our students had many talents, and I only wanted to be a positive force that helped to showcase them.


My heartfelt thanks to Union Assurance for identifying a desperate need and coming forward as a responsible corporate citizen to help these students by donating this musical instruments.


I believe this will go a long way in enabling them to perform even better in the future and bring glory to the school."


Mahen Gunarathna, the Chief Marketing Officer of Union Assurance, shared his thoughts, saying,


"At Union Assurance, our purpose is to support Sri Lankan progress against all odds, and we are thrilled to have discovered Ms. Abeysinghe’s story, which is an inspiration to us all.


Despite the difficulties, she made drama and arts a reality for the children.


Great teachers like her leave an indelible impact on their students and future generations to reach their full potential."


The Company is proud to be a part of this initiative and remain committed to supporting endeavors that contribute to the overall development and well-being of all communities.


Union Assurance firmly believes in the transformative power of education, and we look forward to witnessing the continued success and growth of the students at Gairanagama Vidyalaya.


Union Assurance is a subsidiary of the John Keells Group, one of Sri Lanka’s largest listed conglomerates.


The Company has completed over three decades of success with a Market Capitalisation of Rs. 18.0 Bn, and a Life Fund of Rs. 60.4 Bn as of end June 2023.


Set to protect the lives and enriching the well-being of all Sri Lankans, Union Assurance offers Life Insurance solutions that cover health, investment, protection, retirement and education needs of Sri Lankans.


With an island-wide branch network and an over 4,000-strong workforce, Union Assurance continues to invest in people, products, and processes with a customer-centric focus to be responsive to emerging changes in the Life Insurance industry.

Leading the Way in Food Safety Lassana.com Obtains ISO 22000 2018 HACCP and GMP Certifications

Businesscafe - Lassana.com & Lassana Innovations (Pvt) Ltd proudly announces its latest milestone of having achieved ISO 22000:2018, HACCP and GMP certification.

Ceylinco Life s green road map provides Minuwangoda a new eco friendly branch

Businesscafe - Ceylinco Life’s inexorable Green journey has reached another milestone with the opening of the Company’s latest branch in Minuwangoda in a purpose-designed Company-owned building.

Leading Sri Lankan Industries Curb Energy Use Cutting Costs and Carbon

Businesscafe - Kick-starting a new era of industrial energy efficiency across Sri Lanka, the first batch of 45 Sri Lankan Energy Management System trainees were awarded their graduation certificates at a ceremony yesterday.