Following the US $ 20 million investment it received from Scandinavian private equity firm Herkules Deal-by-Deal last year, technology company 99x has set its sights on aggressive market expansion in the Nordics and to support this growth, has strengthened its leadership with the appointment of Kari Bente Skarbø as Director Business Development.
Sysco LABS Sri Lanka, the captive innovation centre for Sysco Corporation, the global leader in foodservice, hosted the second edition of its PerfUp series recently, focusing on the role of artificial intelligence (AI) in driving performance engineering.
With the intention of implementing its highly successful skills development programme for technical officers (TOs) and engineers across the nation, INSEE Cement Sri Lanka signed two memorandum of understandings (MoUs) with the Southern Provincial Council.
Sri Lanka’s condominium market added more strength in the final quarter in 2021, continuing from the recovery seen from the third quarter, as people continued to choose vertical living in the city and its outskirts for increased convenience.
Despite a record increase in supply last year, Colombo’s office space saw its net absorption levels falling below pre-pandemic levels, marking a strong rebound in 2021, with a robust outlook for this year as office staff gradually return to pre-pandemic work routines, according to leading real estate consultancy Jones Lang LaSalle (JLL).
Lankem Robbialac, a pioneer manufacturer of paints and coatings in Sri Lanka, launched its Imperial White collection, offering its customer 10 unique shades of whites - namely Lily, Soft, Snow, Linen, Divine, Coniston, Apple, Whisper, Orchid and Dove to choose from.
Thinking big on the growing cloud security industry, ICC Hall of Famer, global cricket consultant and serial venture capitalist Mahela Jayawardene has co-founded Dygisec, a next-gen technology company focused on cloud security compliance.
Sanfer Technologies (Pvt.) Ltd, a subsidiary of South Asian Technologies (Pvt.) Ltd (SAT), the leading distributor of high-end, best-of-breed ICT solutions in Sri Lanka, has partnered with Veeam Software, the leader in backup, recovery and data management solutions that delivers modern data protection, to bring its full range of data management solutions to the Sri Lankan market.
Already, leading global organisations, including Vodafone and Samsung Securities, rely on Oracle Cloud Infrastructure (OCI) to run all types of workloads, from microservices to AI. To bring users more value from their cloud investments, Oracle announced that it is expanding its OCI service portfolio to provide customers with truly flexible core infrastructure services to help optimise resources to meet requirements and significantly reduce costs
With the view of constantly evolving with the ever-changing consumer landscape, New Anthoney’s Farms (Private) Ltd, a name that continues to capture hearts and minds when it comes to quality fresh poultry, unveiled a whole new experience of ordering chicken and getting it delivered for free islandwide through its ‘Dorakadapaliya’ e-commerce platform.
Macksons, the manufacturer of Sri Lankan Heritage brand Multilac Paints and Macktiles floor tiles, has launched an innovative new corporate social responsibility (CSR) project. In collaboration with the University of Colombo, the Macksons group is offering a certificate course in organic agriculture, aimed at supporting toxin-free agriculture.
Glen Alpin Estate, Badulla achieved a record price of Rs.4850 per kg for its FBOPF EX SP grade in the premium tea catalogue. Additionally, Pettiagalla Estate, Balangoda established an all-time record price of Rs.1180 per kg, for a grade of FBOPF 1 this week at the Colombo Tea Auction, Sale No 11.
Sri Lanka’s premier private sector bank HNB PLC partnered with leading agricultural and construction equipment provider United Mercury Group (UMG) Lanka once again to offer exclusive discounts and attractive benefits on Matador construction and harvesting machinery.
CEAT Kelani Holdings resumed the rolling out of its ‘Schools Road Safety’ programme, the company’s flagship community initiative in Sri Lanka, with the distribution of road safety equipment to 25 schools in several districts of the country.
Fonterra to proceed with sale process for Consumer businesses
BOI signs US$ 12.16mn deal with Celogen Lanka
Nissan to lay off thousands of workers as sales drop
EU Ambassador meets new BOI Chief to discuss economic ties
SLCERT warns WhatsApp users against sharing OTPs to prevent hacking
A clean sweep for NPP
Thai woman smuggling Kush on election night stopped at BIA
NPP’s attractive policies weaned people away from other parties: SJB