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Transaction value LKR 3.2 billion One of Sri Lanka’s largest mergers and acquisitions was recently concluded between the promoter shareholders of East West Properties PLC and business magnate Dhammika Perera with Brigjin as the transaction advisor to the promoter shareholders. The landmark transaction on the divestiture of a 77.4% stake of East West Properties PLC…
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Interview with Sundaresan Narayanan, Managing Director – Commercial HVAC Carrier Airconditioning & Refrigeration (Carrier India & Sri Lanka) Q: TO BEGIN WITH, PLEASE TELL ME ABOUT YOURSELF AND YOUR ROLE IN CARRIER AND YOUR BACKGROUND IN THE HVAC INDUSTRY? ALSO, IS THIS YOUR FIRST TIME IN COLOMBO? A: I have had the pleasure of visiting Colombo…
The world’s largest international airline clinched top spot with a score of 88.4%, and is the only airline featured on the top 10 global list Emirates, the world’s largest international airline, has topped the rankings as YouGov’s Most Recommended Global Brand for 2025, a testament to the airline’s longstanding ‘Fly Better’ promise. Emirates is the only…
Sri Lankan heavy metal pioneers Stigmata is continuing their year-long 25th Anniversary celebrations with their second gig of the year – “Awaken The Storm” – to be held on Saturday, 26th July at the Main Sports Bar and Restaurant – Havelock City Mall. Once again, the band is set to deliver a dynamic set list…
The Commercial Bank of Ceylon PLC has signed a Memorandum of Understanding (MoU) with Tantri Energy, a subsidiary of Tantri Trailers (Pvt) Ltd., to promote the adoption of renewable energy solutions through the Bank’s Green Loans and Green Leases. The agreement aims to offer attractive financing options to employed and self-employed customers seeking to invest…
Premier finance company Siyapatha Finance PLC recently opened its newest branch in Kaduwela, expanding its islandwide network to 54 branches. Situated in the heart of a progressive suburb of Colombo, the Kaduwela branch offers Siyapatha’s customer-centric financial solutions ranging from leasing, fixed deposits, savings, gold financing, business loans, personal loans, fast draft, and factoring to…
A Nationwide Movement for Sustainable Tourism and Youth Empowerment University of Colombo is set to mark the United Nations World Tourism Day 2025 with a bold and inclusive national initiative that brings together government, academia, industry, and youth. Under the theme “Tourism and Sustainable Transformation,” the Ministry of Tourism, Sri Lanka Tourism Development Authority (SLTDA),…
For the 11th consecutive year, the SLIIT Business School successfully hosted Soft Skills+ 2025, reaffirming its commitment to equipping school students with the personal and professional competencies essential in today’s dynamic world. This year’s edition featured a blend of interactive workshops and a highly anticipated interschool quiz and creativity competition, attracting participation from schools across…
For decades, the children of Regional Plantation Companies (RPC) estates in Sri Lanka have faced significant socio-economic challenges in accessing quality education. However, a growing network of scholarships and education grants is now steadily transforming these communities. Across multiple plantations, various educational assistance programs have resulted in a new generation of university graduates, many of…
Youth skills are vital for a country’s development, drive innovation, economic growth, and social progress. Equipping young people with the right skills enables them to participate fully in the economy and contribute to a more prosperous and equitable future. According to World Bank estimates, the youth unemployment rate in Sri Lanka for 2024 was 22.32% representing the…
A Mountain for Every Continent. A Flag for Every Summit. He dreamed big. He climbed higher. Now, he returns home a legend. Johann Peiris, Sri Lanka’s trailblazing mountaineer, has made history by completing the world’s ultimate mountaineering challenge, the Seven Summits, scaling the highest mountain on each continent. He becomes the first Sri Lankan man…
Top News
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, marked a significant milestone—20 years since its landmark listing on the Colombo Stock Exchange (CSE) in July 2005. To commemorate this milestone, a ceremonial bell-ringing was held, attended by the senior management of Dialog and CSE. Dialog’s Initial Public Offering (IPO) raised Rs. 8.5 billion and was…
Smart Drain’, designed and developed by Dr. Nadeesha Chandrasena and team from Sri Lanka, was among the ten winners of the prestigious WIPO Global Awards which celebrate world changing innovations in health, climate, agrifood, creative industries and ICT. The prestigious award ceremony was held in Geneva on 11 July 2025, where WIPO Director General Daren…
At a media conference held today, the Information Communication Technology Agency (ICTA), in collaboration with LankaPay and under the guidance of the Ministry of Digital Economy, showcased the growing success of GovPay, Sri Lanka’s official Government Digital Payment Platform. The briefing also highlighted the pilot rollout of the online traffic fine payment system and marked…
The new schedule offers passengers greater flexibility and convenience, reinforcing FitsAir’s commitment to affordable, on-time regional travel. In response to strong demand and growing trade and tourism ties between Sri Lanka and Bangladesh, FitsAir is proud to announce that its Colombo–Dhaka service will operate daily from August 18, 2025. This strategic expansion follows a steady…
Sri Lanka Embassy in Brussels and ‘Karunakarala Ayurveda Resort’ in Waikkal Sri Lanka, in collaboration with the Union Luxembourgeoise de Tourisme (ULT) in Luxembourg, organized ‘Sri Lanka Ayurveda Evening’ on 2nd July 2025 at Goeres Hotel in Luxembourg. The event aimed to promote Sri Lanka as a premier wellness tourism destination in Luxembourg which attracted over 70…
Sri Lanka – France Business Council Holds 21st Annual General Meeting The Sri Lanka – France Business Council (SLFBC) of The Ceylon Chamber of Commerce held its 21st Annual General Meeting on 8th July, with His Excellency Rémi Lambert, Ambassador of France to Sri Lanka and the patron of the Council, in attendance as the…
The Sri Lanka Export Development Board (EDB) is now calling for applications for the 27th Presidential Export Awards, which will be held under the patronage of His Excellency President Anura Kumara Dissanayake in December 2025 at the Bandaranaike Memorial International Conference Hall (BMICH). This year too, exporters are provided with the opportunity to submit their…
Reuters – U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries. Here is a list of targeted tariffs he has…
Analysis
Interview with Sundaresan Narayanan, Managing Director – Commercial HVAC Carrier Airconditioning & Refrigeration (Carrier India & Sri Lanka) Q: TO BEGIN WITH, PLEASE TELL ME ABOUT YOURSELF AND YOUR ROLE IN CARRIER AND YOUR BACKGROUND IN THE HVAC INDUSTRY? ALSO, IS THIS YOUR FIRST TIME IN COLOMBO? A: I have had the pleasure of visiting Colombo…
Independent Growth Study Group unveils critical strategies for sustained and transformative growth in 2025-2030 A new report launched today offers a bold roadmap for Sri Lanka to achieve sustainable and inclusive economic growth over the coming five years. Sustaining Transformative Growth in Sri Lanka 2025–2030, authored by an Independent Growth Study Group under the auspices of ODI…
Thousands of parcels ordered by Sri Lankans from popular e-commerce platforms like TEMU, AliExpress, and eBay are now stuck at customs, caught in a legal grey zone that’s choking the flow of goods. Advocata Institute warns ensuring consumer choice through a competitive market is key to delivering reasonable prices and better quality for Sri Lankans….
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