Prime Minister Dr. Harini Amarasuriya made these remarks while addressing the “CNCI Achiever Awards 2025” held on 23 October at the Cinnamon Life Hotel, Colombo. The annual ceremony, organized by the Ceylon National Chamber of Industries (CNCI) in collaboration with the Ministry of Industry and Entrepreneurship Development, aims to recognize and encourage outstanding contributions within…
BYD has announced that its recent global vehicle recall does not affect any models currently sold or operating in Sri Lanka. The recall, involving approximately 115,000 BYD Tang and Yuan Pro vehicles, was initiated as part of the company’s commitment to ensuring safety and product quality. It applies to BYD Tang vehicles manufactured between March…
Fintech Forum Sri Lanka (Guarantee) Limited recently marked its first anniversary and inaugural Annual General Meeting (AGM) in Colombo, celebrating a year of uniting the country’s fragmented financial ecosystem under one platform. The milestone capped a transformative 12 months for the Forum, which has successfully brought together banks, non-bank financial institutions (NBFIs), fintech companies, regulators,…
SriLankan Airlines has issued a clarification regarding its financial performance for the 2024/25 financial year, reporting a Group loss of LKR 2,735 million, compared to a profit of LKR 7,925 million recorded in 2023/24. The airline attributed the variance primarily to a reduced exchange gain, which declined to LKR 3,925 million in 2024/25 from LKR…
Kerner Norland, a subsidiary of ShoreTree Holdings, has acquired a majority stake in Brisbane-based technology group 4impact Holdings, marking a significant milestone in its expansion across the Australian technology sector. Niro Cooke, Senior Advisor of Kerner Norland “This acquisition represents a clear strategic alignment. 4impact Holdings’ proven execution record across 4impact and Sida4 enhances Kerner…
Reuters – HSBC opens new tab, said on Thursday it will conduct a strategic review of its Egyptian retail banking business as part of the wider restructuring of its global operations. The Asia-focused bank, which has been scaling back its worldwide operations as part of an overhaul started last year, said in a statement it…
The Sri Lanka Institute of Information Technology (SLIIT) has once again solidified its growing global research presence, with six of its academics recognized among the world’s top 2% of researchers in the 2025 Stanford-Elsevier World’s Top 2% Scientists Rankings. This milestone not only celebrates individual excellence but also highlights SLIIT’s evolution as a hub for…
The Unit Trust Association of Sri Lanka (UTASL) has launched an Investor Awareness Initiative aimed at helping Sri Lankans understand how Unit Trusts (UTs) can play a vital role in planning and growing their wealth. The initiative will take place at the World Trade Centre, Colombo, from 27th to 31st October 2025, where there will…
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 16,322 million and a Profit After Tax (PAT) of Rs. 1,003 million for the 2nd Quarter ending 30th September 2025, compared to a turnover of Rs. 13,833 million and a PAT of Rs. 1,082 million, in the same period last year. Whilst…
Powering Sri Lanka’s Most Advanced and Fastest 5G-Ready Network Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has expanded its 5G trial network across 15 districts nationwide, reaffirming its leadership in next-generation connectivity and its continued commitment to driving Sri Lanka’s digital transformation. With this milestone, Dialog continues to operate the nation’s largest 5G trial…
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