Travel+Leisure’s readership voted for their favourite wellness retreat in the world and have chosen Santani, Sri Lanka as the best in the world. Santani’s unique and scientific approach to wellness and ayurveda has made it stand out once again, with Travel + Leisure elaborating: “ Built with the belief that human beings heal and thrive…
Colombo International Container Terminals (CICT) is ending 2021 on a high note, celebrating its milestone 10th anniversary in Sri Lanka on 22nd December and reaching the milestone of 3 million teus within a year for the first time. The company said its throughput for the full year is expected to reach approximately 3.1 million teus…
The Initial Public Offering (IPO) of Kapruka, Sri Lanka’s Pioneering ecommerce platform with a global presence, will officially open at 9.00am tomorrow, 22nd December 2021. Applications are now open and the Prospectus can be downloaded from ipo.kapruka.com. The issue, managed by Acuity Partners, will see Kapruka Holdings Limited offer investors a 20% stake in the…
Thornton and Dane Engineering has announced it has been awarded the Rs 1.8 billion contract to build ‘146 Residencies’ – the latest residential development of JAT Property Group (Pvt) Ltd. The Nextventures owned civil engineering company was chosen from five shortlisted bidders to construct the 14-storey edifice at Thalawathugoda, which on completion will comprise of…
Demands that authorities to take action and uphold the rule of law, protect state property The Planters’ Association of Ceylon (PA) strongly condemned a recent incident of forceful and illegal encroachments of estates managed by the Regional Plantation Companies (RPCs), and called on the Government and law enforcement officials to uphold the rule of law…
The Colombo Stock Exchange has formally approved the Initial Public Offering (IPO) of Hela Apparel Holdings Limited (the holding company of the Hela Clothing Group), with the offer set to open on Wednesday 12th January. This highly anticipated IPO, by one of Sri Lanka’s leading social-capital focused apparel supply chain solution providers, will see 267,108,998…
Further extending its dominant position in the financial industry, leading integrated financial services institution HNB FINANCE PLC entered into a contractual agreement with Prime Lands and Prime Finance on 20th December, 2021, acquiring a controlling stake of 87.27% from Prime Lands (Pvt) Ltd, a pioneering force in Sri Lanka’s real estate landscape. This marks a…
The last few years have seen a united and consolidated effort on all fronts, aimed at transforming Sri Lanka into a truly contemporary tourism destination. This includes positioning the island as a land of wonder and awe, overflowing with magical experiences, yet offering modern facilities and world-class amenities. There is also excellent work being done…
The Asian Development Bank (ADB) entered into an agreement to invest up to $80 million (in Sri Lanka rupee equivalent) in John Keells Holdings PLC (JKH) to boost the country’s food value chain and promote economic growth and job creation. The investment will be a two-phase private placement to support the expansion of JKH’s modern retail and distribution…
Maga Engineering has completed construction of a new 528-unit housing complex consisting of three 11-storey blocks situated off Kalinga Mawatha in Polhengoda, Colombo 05. The housing complex, named “Colomthota Sarasavi Uyana”, was opened on 15 December 2021 under the patronage of Prime Minister Mahinda Rajapaksa, on the invitation of State Minister of Urban Development, Dr….
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