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Healthtech Startup oDoc raises $1M in Pre-Series A Funding

The funding will be used to create a seamless customer experience across the healthcare and insurance verticals in the region. oDoc, Sri Lanka’s leading digital health company, announced it had closed USD 1 million in pre-series A funding at double its previous valuation. Existing investor Techstars led the investment round along with leading Silicon Valley…

(0)Comments | February 24, 2021 4:49 am

ASUS launches its first-ever exclusive store in Sri Lanka

ASUS Sri Lanka – the renowned multinational technology enterprise – has launched its maiden exclusive store in the heart of Colombo; the very first in the country. The store is conveniently and centrally located in Unity Plaza – the only shopping complex in Sri Lanka that is solely dedicated for IT and IT-related solutions –…

(0)Comments | February 24, 2021 4:44 am

CRYSBRO recognised for its entrepreneurial excellence at Star Awards 2020

Affirming their leadership in Sri Lanka’s poultry industry, the country’s largest producer of poultry CRYSBRO was recently recognised for their entrepreneurial excellence at Star Awards 2020. Organised by the Department of Industrial Development and Entrepreneurship Promotion under the Ministry of Industries of the Central Province, the annual State Awards ceremony saw CRYSBRO’s subsidiaries Farm’s Pride…

(0)Comments | February 24, 2021 4:42 am

Litro Gas Lanka maintained stabilized prices for over a year despite global price increase

  LPG – GLOBAL PRICE INCREASE MAY IMPACT INDUSTRY   With the COVID-19 pandemic impacting markets across the world and the currency fluctuations taking place, the global prices of LPG as one of the world’s most widely used energy sources have been volatile throughout the world.   According to Argus Independent Commodity Price Reporting Agency,…

(0)Comments | February 23, 2021 4:01 pm

Samson Industries (Pvt) Ltd. signs MoU with Faculty of Medicine University of Colombo

Samson Industries recently signed a Memorandum of Understanding (MoU) with the Faculty of Medicine University of Colombo (FOMUOC). The objective of this partnership was to collaborate for the production of a Beta Brand-Diabetic Shoe Range. Professor Chandrika Wijeyaratne, the Vice Chancellor of the University of Colombo, Kasun Rajapaksa, Managing Director of D. Samson Industries (Pvt)…

(0)Comments | February 23, 2021 11:51 am

Prima KottuMee’s ‘Raban Mashup’ gains international recognition at One Show 2020

As a brand that has always prioritized the needs of the youth, Prima KottuMee launched the ‘Raban Mashup’ campaign with youth sensation and Brand Ambassador for Prima KottuMee, Yohani de Silva early last year. This digital campaign was recently recognized at The One Show 2020 by The One Club for Creativity and was one of…

(0)Comments | February 23, 2021 7:52 am

Trade Finance and Investments PLC amalgamates into Commercial Credit and Finance PLC

Trade Finance and Investments PLC (TFI), a well-established financial service provider in Sri Lanka for over 35 years, has been amalgamated into one of Sri Lanka’s pioneering finance companies, Commercial Credit and Finance PLC (CCF). The amalgamation, which came into effect from 31st December 2020 was subject to the shareholders of both companies approving the…

(0)Comments | February 22, 2021 3:27 pm

CBSL rolls out Rata Purama LANKAQR to merchants in Galle

The Central Bank of Sri Lanka (CBSL) expanded its pioneering ‘Rata Purama LANKAQR’ initiative in the Galle District with a promotional campaign organised by HNB PLC with the participation of 21 leading financial institutions and telecommunication partners in the country. The Galle-leg of the national campaign, hosted by HNB PLC at the Magistrate Square, will…

(0)Comments | February 22, 2021 3:19 pm

Samson Industries signs MoU with the NIROGI LANKA Project of Sri Lanka Medical Association

Samson Industries recently signed a Memorandum of Understanding (MoU) with the Sri Lanka Medical Association (SLMA) for the production of a Beta Brand-Diabetic Shoe Range under the NIROGI LANKA Project. Dr. Padma Gunarathne, the President of the Sri Lanka Medical Association, Dilshan Rajapaksa, Director at D. Samson Industries (Pvt) Ltd., Dr. Chathuranga Ranasinghe, the Chairperson…

(0)Comments | February 22, 2021 1:05 pm

Fonterra enables access to high-nutrition Mineral Mix packs to uplift smallholder dairy farm productivity

In a move to help its smallholder dairy farmers improve dairy cattle health and increase milk yield, Fonterra Brands Lanka has enabled sustained market access to high-nutrition minerals mix packs. Managing Director of Fonterra Brands Lanka and Indian Subcontinent, Ms. Vidya Sivaraja said, “We are pleased to make these locally-produced, high nutrition Minerals Mix packs…

(0)Comments | February 22, 2021 5:12 am

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