Business and Economics
Raddella Holdings Launches the First Biotech Insulin Manufacturing Plant in Sri Lanka

Raddella Holdings introduce yet another revolutionary first with the launch of Sri Lanka’s first and only biotech insulin manufacturing plant. The recently concluded groundbreaking ceremony was held on the 18th of September 2020, at the Koggala Export Processing Zone. The landmark event was attended by a host of dignitaries and guests including the State Minister of Pharmaceutical Production, Supply, and Regulation - Hon. (Prof.) Channa Jayasumana, Minister of Tourism - Hon. Prasanna Ranatunga, Minister of Plantation - Hon. (Dr.) Ramesh Pathirana, State Minister of Rural and School Sports Infrastructure Development - Hon. Thenuka Vidanagamage and many more.

The operation of the new plant will involve a joint venture between the Premium International Injectable Company (Pvt) Ltd, a subsidiary of Raddella Holdings and the State Pharmaceutical Manufacturing Corporation (SPMC). All new products manufactured as a result of this venture will be done under the SPMC brand name, with full government supervision.


Singer Huawei September Carnival offers unbeatable discounts on new laptop and smartphone models

The exultant second run of Singer Huawei Carnival that awards large discounts on even new hi-tech gadgets is now on till end of September. Huawei, the innovative smartphone manufacturer and Singer, the country’s premier consumer durables retailer have brought the bargain surprise of laptops, tabs and smartphones for the rest of September. Titled the Singer Huawei Carnival 2020, the hi-tech gala which runs till September 30th at island-wide Singer outlets brings huge bargains on selected Huawei laptops, tablets and smartphones with unmissable discounts ranging from 7.5% to 20%!

The gala Singer Huawei Carnival offers a whopping 20% discount on Huawei laptops, 7.5% discounts on selected tab devices and another 7.5% discounts on midrange and entry level smartphones.

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Ranil Seneviratne re-elected as President

The Sri Lanka - Greater Mekong Business Council held its 9th Annual General Meeting on August 27, 2020 at the Ceylon Chamber of Commerce. Chulamanee Chartsuwan, Ambassador of Thailand, graced the event as the Chief Guest.

Ranil Seneviratne, of Ranfer Group was re-elected as the President of the Council while Mahen Weerasekera, of Capitol Developers Ltd, S.M.D. Suriyakumara, of Maliban Biscuits Manufactories (Pvt) Ltd and Venura Fernando of Siam City Cement (Lanka) Limited was elected as Vice Presidents for the period of 2020-2021. The Committee will be represented by Aitken Spence Travels (Pvt) Ltd, Ceylon Biscuits Ltd, Hayleys Agriculture Holdings Ltd, Lanka Hospitals PLC and MAC Holdings (Pvt) Ltd.

Ranil Seneviratne in his speech thanked the membership for re-electing him as the President and stated that the Executive Committee made courtesy calls to the Thailand and Vietnam embassies and also discussed the issues faced by both countries including procedures on Visas, Trade barriers, Investment opportunities, Technological assistance, Free Trade Agreements ect. He said the Council organized an interactive evening with Pham Thi Bich Ngoc, Ambassador of Vietnam in Sri Lanka, in February 2020 and a Webinar on “Thailand and Vietnam” on June 10, 2020 in association with the Ceylon Chamber of Commerce with Samantha Jayasooriya, Ambassador for Sri Lanka in Thailand and Prasanna Gamage, Ambassador for Sri Lanka in Vietnam. They shared their views with two other eminent speakers on the current economy, business environment and opportunities for joint collaborations with Thailand and Vietnam. Seneviratne also thanked Pham Thi Bich Ngoc, Ambassador of Vietnam in Sri Lanka, Chulamanee Chartsuwan, Ambassador of Thailand, Han Thu, Ambassador for Union of Myanmar, to all the Embassy officials of 05 Greater Mekong countries for the support extended in various matters.

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