Category Archives: Economy

Lanka’s ARIYA Food inks deal to export red rice, set up Tissue Culture Lab in Nigeria

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COLOMBO, Sri Lanka, October 7 (ePRESS) – For the first time, a Sri Lankan company will export red rice to Nigeria, marking a milestone in agricultural trade between the two nations. Tradlanka Agricultural Enterprises (Pvt) Ltd., the producer of the popular ARIYA Food brand, announced that red rice shipments will begin this November. The company…

Commercial Bank backs young tech innovators through ‘Coolest Projects Sri Lanka 2025’

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COLOMBO, Sri Lanka, October 7 (ePRESS) – The Commercial Bank of Ceylon has strengthened its commitment to youth empowerment and education by supporting Coolest Projects Sri Lanka 2025, an event that encouraged young people to create innovative solutions to real-world problems through technology. Organised by the STEMUP Educational Foundation in collaboration with Commercial Bank and…

CEAT Kelani secures global ISO certification for Carbon Reporting

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COLOMBO, Oct. 7 (ePRESS) – CEAT Kelani Holdings has achieved a major milestone in sustainable manufacturing, receiving the ISO 14064-1:2018 certification for measuring and reporting greenhouse gas (GHG) emissions and removals. The recognition follows an independent verification by Control Union Inspections (Pvt) Ltd. As the manufacturer of half of Sri Lanka’s pneumatic tyres, CEAT Kelani’s…

The Students Visa hosts Mid-Year EduFest 2025 to unlock global education opportunities

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COLOMBO, Sri Lanka, October 3 (ePRESS) – The Students Visa proudly hosted the Mid-Year EduFest 2025 at Hatch Works, Colombo 01, bringing together students, parents, and international university representatives in a one-day event designed to open doors for global education. Organised with professionalism and purpose, EduFest 2025 went beyond a typical education fair. It became…

Yadea and Abans Auto launch new electric bikes, three-wheelers, and self-balancing scooter in Sri Lanka

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COLOMBO, October 3, 2025 (ePRESS) – Yadea Sri Lanka, together with Abans Auto, introduced a new range of electric motorcycles and three-wheelers, along with the country’s first-ever self-balancing scooter, the Yadea Ossy, at the Yadea Dealer Convention held at Cinnamon Life in Colombo. The launch event was attended by Yadea’s South Asia General Manager Alex…

Vallibel Finance upgraded to A- rating after crossing Rs. 100 billion milestone

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COLOMBO, October 2 (ePRESS) – Vallibel Finance PLC (VFIN), a licensed finance company in Sri Lanka, has been upgraded by Lanka Rating Agency from BBB- to A-, highlighting its strong market presence, healthy asset quality and improved profitability. The upgrade comes as Vallibel Finance crossed a historic milestone of Rs. 100 billion in assets in…

Pine Labs partners with Bank of Ceylon to launch prepaid multi-currency travel cards

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COLOMBO, Oct 2 (ePRESS) – Global fintech company Pine Labs Limited has teamed up with Sri Lanka’s Bank of Ceylon (BOC) to issue and manage prepaid multi-currency travel cards for customers. The new card, powered by Pine Labs’ Credit+ platform, is a physical card issued under the Mastercard scheme. It allows BOC to meet the…

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