USD Archives - Lanka Business News

November 4, 2024

Nittambuwa, Thursday 31st October 2024: TransDigm Group is a US-based, 6.6 Billion USD company that employs over 16,000 people. A pioneer in the global aviation engineering services supplier industry, TransDigm is the parent company of AmSafe Bridport that operates in Sri Lanka. Since 2001, AmSafe Bridport has been in operations at the Wathupitiwala EPZ in […]

October 23, 2024

The company has invested USD 750K expanding its presence by an additional approximately 9,000 sq.ft. at the WTC in Colombo 23 October, Colombo: The Executive Centre (TEC), Asia’s largest premium workspace provider with a presence in 16 countries across Asia-Pacific, Middle East and Australia, is poised to further expand its footprint in Sri Lanka. As […]

December 21, 2023

In a bid to revolutionize the way Sri Lankan travelers stay connected while abroad, HUTCH proudly unveils its new Roaming Plans starting from USD 5 a week ensure subscribers revel in 10 GB of weekly data across 30+ destinations. For those with greater data appetites, the USD 15 plan generously offers 30GB of […]

October 13, 2023

12th October 2023: The half-a-billion USD global organic textile market[1] is set to grow at a compounded annual growth rate of 40% within the next five years and with eco-consumption on the rise, it is evident that apparel companies too, are gearing for the shift in consumer patterns. [2] Sri Lanka, known […]

October 2, 2023

A pioneering Sri Lankan tech consortium has launched an innovative platform, offering the Government of Mozambique access to USD 300 million in donor funding. This revolutionary system marks a significant advancement in donor funding management, merging the expertise of 3W Consulting (Pvt) Ltd, Overdime Technologies and technology developed by Adventa Holdings (Pvt) […]

August 28, 2023

Amidst the ongoing economic difficulties in Europe, JFS Holdings Limited has achieved a remarkable feat by recording its highest-ever net USD income for the fiscal year 2022/23. Despite the recession, the company’s impressive growth rate of 93% stands as a testament to its commitment to excellence and adaptability in the ever-changing business […]

May 8, 2023

Through OPPO Inspiration Challenge, OPPO Research Institute will partner with Qualcomm Technologies, GSMA 5G IN, Amazon Web Services, and LinkedIn to empower technology professionals and entrepreneurs worldwide to bring innovative solutions to life. In line with OPPO’s mission of ‘Technology for Mankind, Kindness for the World’, 2023 Inspiration Challenge is calling for […]

November 2, 2022

Sri Lanka’s leading private sector bank HNB PLC was selected as a partner financial institution by the Asian Development Bank (ADB) to disburse a component of the US$ 13.5 million in funds allocated to the SME-Line of Credit (SMELoC) Emergency Response Scheme. The ADB scheme aims to support and strengthen Sri Lankan MSMEs affected […]

October 19, 2022

The 19th of October, 2022: MAS Holdings, South Asia’s largest apparel tech manufacturer, a USD 2 billion conglomerate, announced the re-launch of their B2B brand femography, formerly known as FemTech @ MAS, which was established in 2014. Impacting the lives of over 9 million women, since its inception, by providing clothing solutions […]

October 12, 2022

Texas based non-profit organization Medical Bridges, together with Amelie and Daniel Linsey Foundation and Capital Trust Properties recently coordinated a donation worth over USD 200,000 of essential medical equipment for patients affected by Covid-19 and other illnesses at the National Hospital of Sri Lanka. The 40-foot container arrived in the Port of […]

The TransDigm Group joins the Board of Investment for 8.5 Million USD Investment in Latest Factory at Wathupitiwala EPZ

The Executive Center (TEC) investing USD 750K to expand its presence in Sri Lanka: Opens its fourth center in Colombo

HUTCH Extends Affordable Roaming Plans for 30Plus Countries this season

Sri Lankan apparel embracing organic manufacturing: GOTS

Sri Lankan Tech Consortium Launches a Platform to manage USD 300 Million in Donor Funding in Mozambique

JFS Holdings records highest ever net USD income for FY 2022/23

OPPO Launches 2023 Inspiration Challenge, Investing USD $440,000 to Call for Innovative Technical Solutions

HNB offers working capital loans for SMEs via ADB SMELoC – Emergency Response Scheme

MAS elevates femtech apparel solutions with the re-launch of femography

Amelie and Daniel Linsey Foundation donates equipment worth over USD200,000 to the National Hospital of Sri Lanka