Business
Exterminators to list on the Colombo Stock Exchange

Sri Lanka’s premier environmental enhancement solutions provider announces that the company is planning to list on the Colombo Stock Exchange, subject to obtaining relevant regulatory approvals in the near future.
Exterminators is Asia’s 1st carbon neutral pest control service provider and believed to be the world’s 1st carbon neutral disinfection service provider, winner of 57 national and nternational awards and the eight-time champion SME brand in Sri Lanka. Since 1998 Exterminators as a brand has helped prevent diseases, control nuisances and protect homes and businesses. Exterminators provides integrated pest management, termite management, mosquito management, disinfection and sanitation services.The company is the local distributor for one of the world’s leading environmental brands manufacturer Pelsis-UK for over a decade and distributes a wide range of premier environment enhancement brands such as electric fly killers, non-chemical bird control, rodent control and mosquito control.
The company plans to offer a 20% equity stake to the general public via the IPO. The funds will be mainly utilized to expand its branch network, invest in novel application equipment, technology and in non-chemical energy saving environmentally sustainable brands. Manager to the Issue of the IPO will be Atarah Capital Partners. The company’s revenue grew by 17% FY 20-21 and PAT by 133% even during the current COVID-19 pandemic. The revenue is expected to grow by 12% and PAT by 85% in the FY 21-22. In 2014, the company launched the Pest Mac mobile app. In early 2020, the company launched Exterminators E-Connect Customer Web Portal in collaboration with a US based software company to optimize productivity and to create a paperless environment.
Exterminators is Sri Lanka’s 1st ISO 9001, ISO 14001, ISO 45001 & COVID-19 SLS certified pest control company and Sri Lanka’s 1st licensed disinfection and sanitation services provider and probably the world’s 1st ISO 9001, ISO 14001, ISO 45001, ISO 22000 certified COVID-19 disinfection service provider. In July 2020, the company was certified as Sri Lanka’s 1st SME business to be receive the COVID-19 SLS certification from the Sri Lanka Standards Institute. The company is Asia’s 1st and among the few pest control companies in the world to be certified as a ‘Great Place to Work’.
Business
Women led LPO services firm Velox Partners enters new office space in Colombo

Velox Partners, a tech-based legal process outsourcing (LPO) firm, expanded its presence into Colombo to augment its existing law firm. Velox commenced operations in January 2020 prior to the onset of the pandemic. Today, it has expanded its services across numerous verticals Commercial law, Litigation, Conveyancing and Company Secretarial Services, with Legal Process Outsourcing (LPO) Services being the core. It is geared as a fully-fledged legal service provider servicing clients across United Kingdom, Australia, Singapore and Southeast Asia.
Velox is female-led with over 90% being women comprising versatile and experienced lawyers. Their expertise bridges multiple disciplines of law with a local and global clientele. The two powerhouses leading the firm are its founding partners Lihini Fernando and Dakshika Perera whose collective experience spans over three decades.
Velox Partners saw Covid-19 restrictions and remote working as an opportunity to position the firm as a tech-based entity and launched its LPO arm. Providing back office legal services to law firms across continents was seen as a viable business model that is both functional and lucrative. Furthermore, the partners of Velox realized the potential of positioning Sri Lanka as a LPO Hub, where the LPO sector enables foreign remittance to the island nation to rebuild its economy. This also provided an opportunity particularly as LPO services can be offered remotely, without a physical office presence.
Velox has serviced clients in over 14 jurisdictions worldwide providing solutions on the ethos, ‘Beyond Legal’. Velox believes in combining business efficiency and tech enabled processes to differentiate itself from the conventional law firms.
Lawyers at Velox are solution providers guided by industry expertise. The team comprises professionals based in Australia, the United States of America, Singapore, and Sri Lanka which enables them to draw cross country perspectives in providing services. Velox is now poised to use their multiple years of experience across continents to provide smart legal solutions.
Business
Estonian TV crew gets a taste of Sri Lanka for the first time

Sri Lanka Tourism, under its Scandinavian market promotions hosted a Media FAM with 4 Media personnel from Kanal2 TV from Estonia. The tour started off on February 28 and ended on March 8. The purpose of hosting this tour was to receive more high-end tourist arrivals from Estonia, as well as the other Scandinavian markets including Lithuania and Latvia.
Subsequently, this tour was hosted in collaboration with the Sri Lanka embassy in Sweden which contributed to make this tour a success. The FAM Tour covered all the main tourist attractions in Sri Lanka, including wild life, Ayurveda, Boutique hotels, and also cultural attractions.
All these attractions were filmed and the destination will be promoted on air via Kanal2 TV, through the TV show ‘’ Kaugele Siit’’ (far from here). The first episode of this programme is scheduled to be telecast for 45 minutes. This travel programme has 420,000 followers as their audience. Kanal2 TV was also the official Media partner for the Winter Olympics 2018, a Sri Lanka Tourism press release said.
The release adds: ‘The visitors were quite impressed with the 8-day tour which they had, enjoying every moment of their tour. They were equally mesmerized with the warm hospitality which they received from the Sri Lankans, which they are mostly renowned for. They enjoyed the traditional Sri Lankan cuisine, and the variety of dishes which they tasted. Nevertheless, they had the opportunity of exploring every attraction of the paradise island to convey the message to their fellow Estonians, that Sri Lanka is a unique travel destination which has everything in store for the enthusiastic traveler.
‘They also had a cooking demonstration by courtesy of Siddhalepa Ayurveda Resorts & Spas Wadduwa, and also a Yoga treat at the same venue. Visiting the Turtle Hatchery at Kosgoda , the Elephant orphanage at Pinnawala, going through a safari at Eco park was also another amazing experience which they had during their stay.’
Business
The Academy of International Business signs Memorandum of Understanding with the University of the Pacific

Academy of International Business Sri Lanka (AIB) held its second graduation at the Bandaranaike Memorial International Conference Hall with over fifty graduates successfully passing out. At the recent graduation, the business academy signed its MOU with the University of the Pacific.
The signing of the MOU is a major milestone for the business academy. The courses offered are DBA, MBA, and BBA top-up programs through AIB. Prof Liam, Rector – of the University of Pacific, expressed confidence that the program delivered by AIB will be very beneficial.
The event was graced by passed graduates, teachers, and lecturers, the ceremony was hosted by the chief guest and the regional director of ABE(UK) Dr Praveen Mahendran. “The ABE(UK) is one of the long-standing professional awarding bodies from the UK and AIB is proud to be associated with ABE and approved by the awarding body.
Hard work, competency and capability are the values that produce results, through the AIB and its programs these are achievable. Every student is encouraged to show their full potential”.
The distinguished guests were the Vice President of the BNI Pioneer Chapter, Dilan Fonseka. He emphasized, the importance of students gaining experience in entrepreneurial skills and business development by enrolling at BNI. AIB is a member of BNI, which creates multiple opportunities.
About the Academy of International Business: AIB is recognized for its management programs, digital marketing, marketing, and English language programs such as IELTS, and PTE. It’s widely popular among students in search of pursuing business and management courses.The Director of AIB Sri Lanka, Chrishankar Janathanan, expressed the institute’s commitment to providing the best quality education. It’s not only a center that is simply cornered to the education sector but also has focused its efforts on recruitment services and digital agency services.
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