Airport and Aviation Services (Sri Lanka) (Private) Limited has announced the launch of 14 new check-in counters at the Bandaranaike International Airport (BIA), introduced on a trial basis on November 10, 2025. The new facility, constructed within just one month at the newly built marquee area, reflects the collaborative efforts of the Sri Lanka Tourism…
Fitch Ratings – The Sri Lankan government’s latest budget indicates that the authorities remain committed to reducing government debt/GDP over the medium term after beating their targets in the 2025 budget. Fitch Ratings believes sustained strong revenue performance will remain key to meeting the government’s fiscal goals. The budget, unveiled on 7 November, targets a…
The Sri Lanka Apparel Brands Association (SLABA), representing all leading Sri Lankan apparel and fashion brands, enthusiastically welcomes the Budget, which addresses the majority of the industry’s key requests to strengthen the domestic apparel ecosystem. Government Hears Industry Voice SLABA commends the Government for responding decisively to industry concerns, particularly the implementation of VAT on…
Shamil Mendis Elected President at 30th AGM of Sri Lanka–Korea Business Council The Sri Lanka–Korea Business Council (SLKBC) of The Ceylon Chamber of Commerce held its 30th Annual General Meeting with Her Excellency Miyon Lee, Ambassador of the Republic of Korea to Sri Lanka, gracing the event as Chief Guest. In her address, Ambassador Lee…
A total of 61,890 tourists have arrived in the country thus far in November, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. According to data released by the SLTDA, a total of 15,541 tourists have arrived from India which accounts to 25.1%. Furthermore, 8,220 persons from Russia, 4,740 from Germany, 4,450 from the…
Janashakthi Life, the flagship brand of JXG (Janashakthi Group) closed Q3 2025 solidifying its performance and growth momentum as one of Sri Lanka’s fastest-growing life insurers. Building on the strong progress established in the second quarter, the Company continues its upward trajectory with exceptional gains in profitability and business expansion, surpassing industry benchmarks across key…
The All Share Price Index (ASPI) of the Colombo Stock Exchange closed above 23,500 points for the first time today, marking a significant milestone in the capital market’s history. Accordingly, the ASPI closed at a new high of 23,502.59 points today (10), up by 164.34 points from the previous close. Meanwhile the S&P SL20 Index…
Aligning long-term growth with environmental stewardship and social impact Hayleys Fentons Limited unveiled ‘The Green Blueprint – ESG Roadmap 2030’ at the Hayleys Fentons Learning Centre on 29th September, aligning sustainability consciousness with its long-term business aspirations. As Sri Lanka’s first Solar EPC and MEP contractor to publish a detailed ESG roadmap, including its 2030…
David Pieris Aviation (Private) Limited continues to strengthen its presence in Sri Lanka’s domestic aviation sector following the receipt of its Air Operator Certificate (AOC) and Operations Specifications (Ops-Specs) from the Civil Aviation Authority of Sri Lanka (CAASL) recently. With full certification now in place, the company has been successfully operating charter flights across key…
SUMMARY – Performance review for the Six Months ended 30th September 2025 Overview Recording yet another strong quarterly performance, the Group’s earnings rose by 36.6% to Rs. 2.1 billion compared to the corresponding quarter of the previous year, driven by robust revenue growth across all its business sectors. This growth in revenue, together with sustained…
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