Focus on a Long-Term Industrial Development Strategy to Overcome Export Barriers A discussion on the challenges facing Sri Lanka’s export industry was held this morning (28) at the Presidential Secretariat, under the patronage of President Anura Kumara Disanayake. The meeting brought together heads of institutions under the Ministry of Industry and Entrepreneurship Development, as well…
SriLankan Engineering, the Maintenance, Repair and Overhaul (MRO) division of SriLankan Airlines, has been certified by the Civil Aviation Authority of Thailand (CAAT) as a Foreign Repair Station and Approved Maintenance Organization (AMO). This milestone certification paves the way for SriLankan Engineering to provide high-quality, cost-effective MRO solutions directly to Thai-registered operators and global leasing…
Sri Lanka Export Development Board organized the Technical Exposure programme & the product display parallel to “Style Bangkok 2025” for the Sri Lankan export potential SME companies in collaboration with the Sri Lankan Embassy in Thailand from 01st to 06th April 2025 in Bangkok, Thailand. Prior to the exhibition, the SMEs participated in a training…
In a powerful demonstration of strategic renewal, SLT-MOBITEL has reported a remarkable turnaround in its financial performance for the first quarter of 2025, posting a Group Profit After Tax (PAT) of Rs. 2,001 million, a dramatic leap from Rs. 156 million in Q1 2024. This performance not only underscores the company’s operational resilience but also reaffirms its…
Janashakthi Life, the fastest growing Life insurer in the country recorded 49% year-on-year increase in Gross Written Premiums (GWP) for the Q1 2025, totaling LKR 1,830 million—up from LKR 1,231 million in Q1 2024. The company’s strong top-line growth reflects its strategic focus on customer acquisition, market expansion, and product innovation. Regular First Year Premium…
The International Tea Day, which falls on 21 May, was marked for the first time in Geneva at a special event co-hosted by the Permanent Mission of Sri Lanka and the Food and Agriculture Organization (FAO) Liaison Office, under the theme “Tea for Better Lives.” The event took place at the United Nations Office at Geneva (UNOG)…
The world’s leading New Energy Vehicle (NEV) brand, BYD is making significant inroads in Sri Lanka’s automotive market just months after entering the country. Since the easing of import restrictions in early 2025, the brand has rapidly gained traction among Sri Lankan consumers, with growing demand for its electric and plug-in hybrid vehicle range. The…
Ambeon Holdings PLC, a leading diversified conglomerate with key business interests across Information Technology, Financial Services, Real Estate, and Strategic Investments has announced its interim financial results for the financial year 2024/25. These results reflect a resilient performance and sustained strategic progress amidst ongoing challenges in a recovering macroeconomic environment. The Group reported a Profit…
John Keells Holdings PLC (JKH) reported stable group-level performance for the financial year 2024/25, with a 12% growth in recurring EBITDA to Rs.50.43 billion, excluding the impact of its flagship integrated resort, City of Dreams Sri Lanka. The Group’s strategic investments took center stage, particularly the launch of the Cinnamon Life hotel and Phase 1…
The Colombo Stock Exchange (CSE) recorded a significant milestone today (27), with total market turnover reaching Rs. 18.7 billion, one of the highest single-day volumes in recent years. Driving this surge was a major transaction involving Hatton National Bank PLC (HNB), following the divestment of a 9.99% stake by Browns Investments PLC. The shares were…
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