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…
Ceylon Steel Corporation has acquired a 9.99% stake in Hatton National Bank PLC (HNB) from Browns Investments PLC in a landmark stock market transaction carried out this morning (May 27). The negotiated deal involved the transfer of 45,317,177 voting shares at Rs. 305.00 per share, generating a turnover of Rs. 13.82 billion. The transaction marks…
PepsiCo launches worldwide official partnership with Formula 1, bringing Sting Energy®, Gatorade®, and Doritos® to the World’s Fastest Growing Sport PepsiCo announces a groundbreaking worldwide partnership with Formula 1®, beginning in 2025 as part of a multi-year commitment. This partnership unites the world’s fastest growing sport with three of PepsiCo’s powerhouse brands: Sting Energy, Gatorade,…
The Sri Lanka Export Development Board (EDB), in collaboration with the International Trade Centre (ITC) officially launched the SheTrades Sri Lanka Hub web page under the framework of the United Kingdom (UK) Government-funded SheTrades Commonwealth+ Programme, marking a major milestone in the country’s efforts to empower women-led businesses and integrate them into global trade. The…
Award-winning loyalty programme has expanded its Skywards Exclusives portfolio to now include fantastic offers with Coca-Cola Arena, Dubai’s home of live entertainment. From hospitality tickets to the best sports matches worldwide Skywards continues to offer members the best loyalty experiences. Skywards Exclusives, a unique airline loyalty initiative that offers experiences from Emirates’ sponsorships portfolio, has…
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