A total of 132,919 tourists have arrived in the country in May 2025, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. This is an increase of 18.5% in comparison to the numbers arrived in May 2025. The May arrival figures are also an increase of 2.7% in comparison to the number of foreign…
SriLankan Airlines’ new Airbus A330-200 is set to touch down in Sri Lanka on Wednesday, 4 June 2025, but not before treating plane spotters to a low fly-past over Colombo and Katunayake. The aircraft, arriving on its delivery flight from Paris, will fly at an altitude of 1,500 feet along the Colombo shoreline, visible from…
The Sri Lanka Institute of Marketing (SLIM) has officially announced the launch of SLIM DIGIS 2.5, the country’s premier platform recognizing innovation and impact in digital marketing. SLIM DIGIS has firmly established itself as the benchmark for digital excellence in Sri Lanka. This year’s edition embraces a bold new identity under the theme “Futurecrafting Digital…
The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Sampath Bank PLC to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident foreign individuals (FIs) in Sri Lanka. The CDS serves as the depository and custodian for securities traded…
Aitken Spence PLC, a leading conglomerate with a diverse regional presence, recorded a strong EBITDA of Rs. 25.4 billion. The EBITDA represents the earnings of the Group before interest cost, tax, depreciation and amortization and includes the share of profits from equity accounted investees. The Group also recorded an impressive operational performance for the 12…
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) recorded resilient revenue growth during the year ended 31 March 2025 (FY25), amidst macroeconomic headwinds and evolving consumer dynamics. Group’s Healthcare sector led this growth and remained the largest contributor to total Group revenue in FY25. The Group recorded a consolidated revenue of LKR 59.3 billion…
After a successful showing at Milan Design Week, pieces from the Geoffrey Bawa Collection are now available for purchase. The Geoffrey Bawa Trust, in collaboration with India-based furniture company Phantom Hands, has re-edited a collection of furniture, lighting, and objects designed by Geoffrey Bawa’s practice in the latter half of the 20th century. The collection…
On 27 May 2025, Lord John Hannett of Everton, UK Trade Envoy to Sri Lanka, visited the MAS Holdings’ Silueta facility in Biyagama. The visit, facilitated by the British High Commission, aimed to offer the UK delegation a deeper understanding of Sri Lanka’s apparel industry and MAS’ contribution to it. During the visit, Lord Hannett…
The barometer of business confidence rebounds sharply despite the state of play! The month of May proved to be eventful both locally and globally, with unnerving political, economic and social developments shaping the national narrative. Following a seven year hiatus, Sri Lanka held local government (LG) elections with the ruling National People’s Party (NPP) gaining…
Port City Colombo commemorated the formal handover of office space to key anchor tenants with a special ceremony, which was held on 30th May 2025. The event was graced by the presence of Mr. Chen Zhong, Deputy General Manager, China Communications Construction Group, Mr. Harsha Amarasekera, Chairman, the Colombo Port City Economic Commission, Mr. Bai…
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