Business News

Versatile Business and People s Professional Ken Vijayakumar Elected President CIPM Sri Lanka

Businesscafe - Ken Vijayakumar, a versatile business, and People’s professional, currently holding the position of Deputy General Manager – Human Resources, Administration, Purchasing and Sustainability at A. Baur & Company (Pvt.) Ltd was elected as President of CIPM Sri Lanka, the Nation’s leader in human resource management, at its Annual General Meeting held recently.

High impairment provisions neutralise solid 6 month operational growth of ComBank Group

Businesscafe - The Commercial Bank Group has reported a six-month financial performance that mirrors the impacts of the country’s macro-economic variables, with solid operational gains negated by extraordinary provisioning in the second quarter for impairment charges and other losses.

 Elephant House and Cleantech launches a Recyclable Material Recovery Facility

Businesscafe - Elephant House together with Cleantech, recently partnered to operate another Material Recovery Facility (MRF) ” to further promote recycling and better plastic waste management practices across the country.

A R Rasiah Chairman of Hela Apparel Holdings and Dilanka Jinadasa Group CEO of Hela Apparel Holdings

Businesscafe - Hela Apparel Holdings PLC recorded an impressive start to the financial year, with revenue growing by 114% year-on-year to Rs. 24.5 Bn in the first quarter.

 HUTCH delivers FOC Electric bikes to their Distributors to ensure continued distribution

Businesscafe - HUTCH, the country’s fast-growing choice for mobile communication services, in an industry-first initiative kicked off a major Electric-bikes assistance program for its distribution partners to overcome the challenges of the present mobility constrained environment.

Research manager Mia Elg of Deltamarin

Businesscafe - Shipowners and operators should be well into planning ahead for the EEXI and CII regulations coming in from 2023, and what improvements they should make so their ships comply.

Joint Apparel Association Forum JAAF Logo

Businesscafe - As Sri Lanka struggles under the weight of the ongoing economic crisis with power outages, shortages and price increases of essentials, the Joint Apparel Association Forum welcomes the call to action by the Ethical Trading Initiative (ETI) and the American Apparel and Footwear Association (AAFA) to support the apparel sector’s efforts towards ensuring worker welfare.

 Businesscafe Image Left to Right Softlogic Life PLC Chairman Ashok Pathirage and Softlogic Life PLC Managing Director Iftikar Ahamed

Businesscafe - Defying all odds amidst challenging macroeconomic conditions, Sri Lanka’s fastest-growing life insurer Softlogic Life announced that the company had climbed its way to becoming Sri Lanka’s 2nd largest life insurance company after recording a superior growth performance during the first half of 2022.

Quickee.lk donates state of the art digital teaching system to St Thomas College Mt Lavinia

Businesscafe - Quickee.lk, Sri Lanka’s favourite online marketplace, recently provided a state-of-the-art digital interactive smartboard system to S. Thomas' College, Mt Lavinia.

Nations Trust Bank PLC records steady performance in 1st half 2022 amidst challenging market conditions Gihan Cooray Hemantha Gunetilleke

Businesscafe - Nations Trust Bank PLC recorded steady performance at the end of 1H2022, achieving Operating Income of LKR 16.6Bn at a year-on-year growth rate of 50%.