gossip lanka news line
gossip lanka news line
gossip lanka news line
gossip lanka
CSE and USAID hold an Issuer Forum in the Southern Region, educating SMEs on the opportunities in capital-raising through listing
The Colombo Stock Exchange (CSE) and the United States Agency for International Development (USAID) collaborated on a forum to provide small and medium sized enterprises (SMEs) in southern Sri Lanka with insights into opportunities to raise capital through the CSE.

Held recently at the Weligama Bay Marriott Resort & Spa, the issuer forum titled “Redefining the Trajectory of Your Business”, provided guidance on exploring effective capital-raising avenues, specifically through listing on the Empower and Diri Savi Boards, which offer dedicated listing platforms for SMEs, focusing on sectors like agribusinesses, livestock, energy generation, ICT, and tourism-related ventures. Industry experts, investment advisors, CSE representatives, and representatives of USAID’s CATALYZE Sri Lanka Private Sector Development Activity led panel discussions and interactive sessions.

“USAID’s goal for SMEs is to unlock opportunities for growth, innovation, and sustainability, paving the way for economic development that benefits everyone,” said Dennis Wesner, deputy director of USAID’s office of Economic Growth. “Forums like this are important for educating SMEs about the available capital resources.”

Addressing the gathering, Rajeeva Bandaranaike, CEO of CSE, said, “The decision to pursue a listing on the stock exchange marks a significant milestone in the life of any company. Going public is not just about raising capital or enhancing liquidity—it's about unlocking potential, fuelling innovation, and creating value for shareholders, employees, and society at large. It will be a transformative path which starts with a fundamental shift in mindsets.”

Conducting a session on ‘Capital Mobilization through the CSE’, Niroshan De Silva, Assistant Vice President of Research, Capital Alliance Limited, stated, “Sri Lankan SMEs are the backbone of our economy, but many face challenges in accessing growth capital. Listing on the Colombo Stock Exchange (CSE) provides a unique opportunity to address this very need. By going public, SMEs can tap into new sources of capital, allowing for significant expansion and innovation.”

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Sadaharitha partners with UAE’s Alweena Perfumes to expand global operations with Agarwood exports
Sadaharitha Group, the pioneering force in Sri Lanka’s commercial forestry industry, proudly announces the expansion of its global operations by exporting agarwood-based products to the United Arab Emirates (UAE). This milestone marks a strategic collaboration with Alweena Perfumes, a distinguished premium perfume brand based in the UAE.

Since its inception in 2002, Sadaharitha Group has been at the forefront of revolutionizing the Agarwood forestry industry in Sri Lanka. With over two decades of accomplishments and a steadfast commitment to sustainable forestry practices, Sadaharitha Group has emerged as the largest Agarwood Nursery in Southeast Asia, spanning 1,300+ acres and encompassing over 30 estates across the island. As the first-ever Agarwood investment company in Sri Lanka, Sadaharitha Group has set new standards by granting cash benefits to its investors and doubling the anticipated returns. Oil extraction and chips manufacturing facility in Ingiriya ensures the production of the highest quality Agarwood oil and chips, essential ingredients for the world’s most luxurious perfumes.

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Colonial Engineering, key advertiser in Rainbow Pages
Colonial Engineering (Pvt) Ltd., a prominent player in the local steel and hardware industry, has solidified its position as a key advertiser in the upcoming release of RainbowPages, the National Business Directory 2024/25, presented by SLT-MOBITEL group.

As one of the top 20 clients of the National Business Directory, Colonial Engineering has recognised the value and potential of this comprehensive marketing platform.
Scheduled for release by the end of the year, RainbowPages, the National Business Directory 2024/25 promises to be the most updated and extensive business directory in Sri Lanka. Under the contract, Colonial Engineering, a company established in 2005, engaged in import, supply, retail and wholesale of Pipes, Steel,