Turnkey project supports Continental’s manufacturing growth and Sri Lanka’s industrial development Hayleys Engineering (Pvt) Ltd, the specialist Construction and Engineering arm of the Hayleys Group, has been selected to deliver the expansion of Continental’s tyre manufacturing facility at Wagawatta, Kalutara. The appointment was formalised at a contract signing ceremony held in Colombo on 21st July….
Welcomes customers following a carefully planned transition focused on continuity, familiar relationships and personalised support DFCC Bank PLC announced that it has completed its acquisition of Standard Chartered Bank Sri Lanka’s Wealth and Retail Banking business. Approximately 50,000 customers, together with colleagues from the business, have now joined DFCC Bank. The transaction includes customer relationships…
The Institute of Policy Studies of Sri Lanka (IPS) celebrates the outstanding achievement of its latest batch of researchers in winning prestigious scholarships for postgraduate studies at top-rated universities. Suresh Ranasinghe joined the IPS on graduating with a BA in Economics with First Class Honours from the University of Colombo and an LLB from the…
Sri Lanka’s labour shortage is becoming a concern across multiple sectors of the economy, with the export sector facing challenges in attracting, training, and retaining talent with the skills required to meet industry demands. Recent public discussion around proposals to recruit foreign talent for the construction sector has brought attention to the issue once again….
DFCC Bank PLC has officially completed its acquisition of Standard Chartered Bank (SCB) Sri Lanka’s wealth and retail banking business, marking a significant consolidation in the local banking sector. The transition, which became effective on August 1, 2026, saw live operations for the acquired business commence this morning, August 3. This milestone follows a binding…
“Reimagining the Future: Sunshine’s Digital Evolution Journey” sets the foundation for an insight-led, digitally enabled organisation Sunshine Holdings PLC has launched its Group-wide data, digital and AI transformation journey under the theme “Reimagining the Future: Sunshine’s Digital Evolution Journey,” marking a major milestone in strengthening the Group’s future readiness through smarter decision-making, modern technology and…
A meeting between Ms. Kanni Wignaraja, Assistant Secretary-General of the United Nations Development Programme (UNDP), and Dr. Anil Jayantha Fernando, Minister of Labor and Deputy Minister of Finance and Planning, was held today (03) at the Ministry of Finance. During the meeting, Ms. Wignaraja commended the progress made by the current Government in stabilizing Sri…
Diversified conglomerate CIC Holdings PLC (CSE: CIC) recorded continued revenue growth during the first quarter ended 30 June 2026 (1QFY27), delivering improved profitability despite a challenging operating environment. The Group posted consolidated revenue of Rs. 22.03 billion, reflecting 2.74% year-on-year growth, driven by resilient performance across its diversified portfolio. Group gross profit rose to Rs….
hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2027, delivering strong revenue growth and sustained profitability as the Company continued to execute its SaaS-led growth strategy. Total revenue for the quarter reached LKR 602.8 million, reflecting year-on-year growth of 28 percent. The Company’s recurring revenue model continued to strengthen…
The 47th anniversary of the Sri Lanka Export Development Board (EDB) fell on August 1st. In a commemorative ceremony held today, the Chairman and Chief Executive Officer of the EDB, Mr. Mangala Wijesinghe, addressed the media, outlining the progress and future targets of the national export sector. Established under Act No. 4 of 1979, the…
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