Abans PLC, in partnership with Xiaomi officially launched the ‘MI | AbansSmartverse’, the nation’s first-ever experiential smart tech village, at the Colombo City Centre from 12th till 16th November. The opening was graced by Xiaomi brand principals including the Xiaomi BNS Regional Manager Luther Liu, Country Head of Xiaomi Kain Wang and AIoT Head Vanessa […]
The Sri Lanka Export Development Board (EDB) and the Sri Lanka Institute of Marketing (SLIM) have recently signed a Memorandum of Understanding at the EDB head office to collaborate on organising the Sri Lanka Expo 2026, a premier international trade and investment promotional event in June 2026 at BMICH. The international exhibition is envisioned to […]
Sri Lanka’s one of the leading integrated financial services providers, HNB FINANCE PLC, announced strong financial performance for the First Half of the financial year 2025/26, ended September 30, 2025, demonstrating continued resilience and growth amid a challenging economic landscape. The Company achieved a remarkable turnaround, recording a 129% year-on-year (YoY) increase in profit after […]
D P Logistics (Private) Limited (DPL), a member of the David Pieris Group of Companies, has entered into a Share Sale and Purchase Agreement for the acquisition of Logicare (Pvt) Ltd from Ceylon Tea Brokers PLC for an enterprise value of Rs.1.3 billion. The transaction includes a payment of Rs. 635.3Mn to Ceylon Tea Brokers […]
The Teejay Group, one of South Asia’s leading multinational textile manufacturers, announced its financial results for the first half of the 2025/26 financial year, recording a steady position. The results underscore the Group’s disciplined working capital management and reduction in loan exposure, enabling it to remain resilient amid a challenging global market landscape. For the […]
On the sidelines of the ICC Asia Pacific Regional Consultative Group (RCG) Meeting and the ICC Academy Supply Chain Finance Summit in Singapore, the International Chamber of Commerce (ICC) Sri Lanka signed a National Committee Partnership Agreement with the ICC Academy, the educational arm of the International Chamber of Commerce (ICC). This Agreement was formalised […]
Prima KottuMee has once again teamed up with Havelock Sports Club as an official sponsor for the 2025/26 rugby season. This marks many years of sporting partnership, reaffirming the brand’s commitment to elevate the sport by investing in national, professional and school levels of the game. The announcement came as Havelock Sports Club unveiled its […]
A Shrimp Industry Information System that provides real-time data and analytics has been launched in Sri Lanka by the UN’s Food and Agriculture Organization, the Ministry of Fisheries and the National Aquaculture Development Authority, and funded by South Korea’s Ministry of Oceans and Fisheries. “The SIIS is more than a platform – it is an […]
Galadari Hotels (Lanka) PLC said it hopes to reopen its Colombo city hotel in the second quarter of 2026. The hotel has been closed for refurbishment. Last year Galadari Hotels entered into agreements with its parent, Dubai-based Galadari Brothers LLC and Mashreq Bank PSC to get a 73.4 million Dirham loan (20 million dollars) to fund the […]
The latest analysis of property market data, released by the Research Intelligence Unit (RIUNIT) up to the third quarter of 2025, reveals that Area 05 (Colombo 5) provides the strongest performance across the city’s property market. A key finding of this analysis is the robust recovery in Colombo apartment prices when measured in US dollars. […]