July 7, 2024
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2min
SLT-MOBITEL, has been honoured as the Runner-up in the Utility and Infrastructure Development category at the prestigious National Business Excellence Awards (NBEA) 2024, organized by the National Chamber of Commerce of Sri Lanka. The ceremony was held recently at the Shangri-La Hotel Colombo.     SLT-MOBITEL’s recognition in the Utility and Infrastructure Development category highlights […]

November 30, 2023
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4min
      [Colombo, November 2023] – Sri Lanka’s stable and adaptive payment infrastructure offers insights to the resiliency of the country’s financial technology sector and demand for such services despite economic shocks. New analysis from Robocash observes the staggering surge of retail digital transactions, which doubled over the last two years, reaching a substantial […]

November 20, 2023
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2min
      FitsAir, Sri Lanka’s first privately owned international airline, today announced its partnership with Mastercard involving integration with the Mastercard Payment Gateway Services (MPGS) platform to strengthen its payment infrastructure. Mastercard Payment Gateway Services platform enables merchants to accept both local and international payments, strengthening their ability to compete in the market. Through […]

November 20, 2023
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5min
      The 5G Smart Factory Forum was held today at the Huawei European Supply Center (HESC) in Budapest. At the forum, Huawei stated that 5G-powered innovative solutions, including self-driving vehicles, AI-driven quality control, and AR-assisted remote maintenance, will serve as the typical applications and basic capabilities of future smart factories. To drive broad […]

October 3, 2023
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9min
      Envisages Sri Lankan operation to double in size by 2026 to $200M Expresses confidence in Sri Lanka’s ability to deliver amidst economic headwinds Recognizes Sri Lanka’s workforce and innovative sustainable manufacturing processes as key strengths   Earlier this year, global fashion infrastructure platform PDS Limited announced the unveiling of a centralized cutting […]

August 24, 2023
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6min
      Global trend shifting towards homogenous and recyclable packaging materials Below are excerpts of an interview with B. Swaminathan, the CEO and President of Smart Expos & Fairs India (Pvt) Ltd, we delve into his perspectives on the transformative potential of Circular Economy and Sustainable Growth within Sri Lanka’s plastics industry. Swaminathan sheds […]

May 4, 2023
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13min
      Service providers must be given golden opportunities to monetise infrastructure investment to further propel the country’s economic growth. Introduction of Independent and empowered mobile tower companies (TowerCos) could unlock nearly USD 1 Billion in foreign direct investment over the next five years and provide connectivity to five million under-connected Sri Lankans, opines […]

March 24, 2023
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4min
      Understanding the importance of supporting Micro, Small, And Medium-Sized Enterprises (MSMEs) to drive growth and efficiencies, SLT-MOBITEL, the National ICT Solutions Provider is offering its Hosting Cub – Shared Web Hosting service catering to vital hosting requirements. SLT-MOBITEL provides hosting facilities for MSMEs with affordable pricing, easy expansion of MSMEs cyber presence […]

September 19, 2022
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5min
      Global narrow fabric provider for leading intimates, swimwear, and activewear brands uses Oracle Autonomous Database to boost real-time insights, increase agility, and achieve faster decision making. Colombo, Sri Lanka – September  13, 2022: Stretchline Holdings, the world’s largest manufacturer of the narrow elasticated fabric used by many of the world’s leading intimates, […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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