The Lanka Hospitals Corporation PLC has announced that Dr. M. Nilupul Perera has resigned from his positions as Chairman and Non-Independent Non-Executive Director of the company, with immediate effect from 05 June 2025. Dr. Perera was appointed to the Board on 05 December 2024 as a Non-Independent Non-Executive Director, following recommendations by the Nomination and…
LOLC Group has reported a profit after tax of Rs. 41 billion for the financial year 2024/25, reflecting an 89% increase over the previous year, supported by an operating profit of Rs. 48 billion. The robust performance was fueled by steady expansion in financial services, a series of strategic international acquisitions, and improving economic conditions…
On the occasion of World Environment Day Yesterday (05), a project to manufacture and distribute standardized waste bins made from discarded barrels was launched in the Muturajawela area by Ceylon Petroleum Corporation (CEYPETCO). This initiative is implemented jointly by CEYPETCO and the Clean Sri Lanka Secretariat. The barrels have been carefully sorted to separate combustible…
HNB Investment Bank, acted as the Manager, Financial Advisor, and Sponsor for the Introductory Listing of Alpha Fire Services PLC in May 2022. This marked the first Empower Board listing facilitated by HNB Investment Bank. At the time of listing, AFS was valued at Rs. 32.3 million, based on a forward P/E multiple of 5.4x…
LOLC Holdings PLC has announced the appointment of Mr. Ishara Nanayakkara as its Executive Chairman, effective immediately. The Board of Directors made the decision today (5th June 2025), following a review and recommendation by the Nominations & Governance Committee. Mr. Nanayakkara, who previously served as the Group’s Executive Deputy Chairman, brings with him over two…
The All Share Price Index (ASPI) of the Colombo Stock Exchange surged by 81.89 points today (June 05), closing at an all-time high of 17,434.94 the highest level recorded in the index’s history. This milestone marks the 12th consecutive session of gains for the ASPI, driven by continued investor confidence and strong performance in key…
By Shiran Fernando Chief Economic Policy Advisor at The Ceylon Chamber of Commerce Sri Lanka has weathered a relentless succession of economic shocks in recent years. The turmoil began with the constitutional crisis in 2018, followed by the tragic Easter Sunday attacks in 2019. As the country began charting a path to recovery, the COVID-19…
As part of ongoing efforts to strengthen regional cooperation in the ICT sector, the Sri Lanka Association for Software Services Companies (SLASSCOM) recently met with H.E. Santosh Jha, High Commissioner of India to Sri Lanka, and Ms. Devika Lal, First Secretary (Economic & Commercial), for a focused discussion on deepening collaboration between Sri Lanka and…
The Ceylon Chamber of Commerce hosted His Excellency Radosław Sikorski, Minister of Foreign Affairs of the Republic of Poland, who visited Sri Lanka from 28 – 31 May on behalf of the European Union’s High Representative for Foreign Affairs and Security Policy, Kaja Kallas. Minister Sikorski was accompanied by a high-level delegation from the European…
Digital Mobility Solutions Lanka PLC, the operator of PickMe, is ushering in a new era of innovation and technology-led growth, powered by artificial intelligence (AI), according to Chairman Ajit D. Gunewardene. “This next chapter is one of innovation, sustainability, and scale. We are entering an Artificial Intelligence (AI) powered future,” Gunewardene stated in the company’s…
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