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. […]
Alumex PLC, Sri Lanka’s number one aluminium extrusion manufacturer, has joined forces with Port City Colombo to expand its flagship sustainability programme, ELEVATE, with its pledge to hand over Used Beverage Cans (UBC) collection bins to promote responsible waste management and safeguard the country’s coastal environment. Alumex will place the bins across Port City Colombo’s […]
International Lifestyle Brand (Private) Limited announced its expansion in its leading brands Subway Sri Lanka, the American fast-food chain and Segafredo Caffè, Italian Espresso brand, while opening novel venues to its food lovers and coffee lovers, indulging themselves in premium and international flavours at affordable prices in the heart of Colombo. Speaking on this expansion, […]
The Department of Finance, Faculty of Management Studies and Commerce, University of Sri Jayewardenepura, together with the Students’ Association of Finance, successfully concluded the Grand Finale of Value Masters 2025 at the university premises. Organized in collaboration with the CFA Society Sri Lanka and Acuity Knowledge Partners, the event marked another milestone in Sri Lanka’s […]