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The Seventh Disney Destination Will Extend the Company’s Global Reach and Captivate New Audiences in a Thriving, Dynamic Hub The Collaboration Exemplifies Abu Dhabi’s Continued Commitment to Sustainable Growth, Positioning Travel and Tourism as Key Pillars of a Thriving Future The Walt Disney Company (NYSE: DIS) and Miral, Abu Dhabi’s leading creator of immersive destinations and experiences, announced…
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Consolidating its status as a premium residential zone as well as an investment corridor amid Colombo’s urban renaissance A residential oasis Rajagiriya, once a quiet Colombo suburb was initially flagged in the RIUNIT Real Estate Market report in 2014 as having one of the highest growth potentials amongst all the suburbs in the Western Province. …
Colombo Coffee Company, the largest total coffee solutions provider in Sri Lanka’s and a fully-owned subsidiary of the world’s largest Ceylon Tea exporter Akbar Brothers, has appointed Kushan Samararatne as the Chief Executive Officer. With a career marked by strategic foresight, operational excellence, and transformational leadership, Kushan brings a wealth of experience and innovation to…
Ceylon Tobacco Company PLC (CTC) hosted its annual Pinnacle Awards ceremony on the 5th of April 2025 at Hilton Colombo, honoring outstanding performers across its Commercial Function for their exceptional contributions over the past year. The event served as a tribute to excellence, dedication, and high performance, recognizing individuals who went above and beyond to…
Nations Trust Bank PLC is pleased to announce the return of the Nations Trust Bank Golf Championship, which will take place on May 24th, 2025, at the Royal Colombo Golf Club (RCGC). The annual tournament has become a much-anticipated tradition for the Bank’s valued customers and partners, offering an active and engaging environment to connect…
XpressJobs, Sri Lanka’s trendsetting recruitment technology platform, has officially partnered with UNISTEM Sri Lanka (formerly HRMI) to provide students and graduates with more targeted, real-time access to internships and job opportunities through a newly integrated career portal. The Memorandum of Understanding (MOU) was signed on 7th May 2025 by Dr. Oshadie Korale, Co-Founder and COO…
Richwin Investment and Credit Pvt. Ltd. was honoured as the Best Finance Solution Company of the Year at the Business World International Awards 2025. Organised by the US-based Business World International Organisation, the award ceremony was held recently at the Mount Lavinia Hotel. In addition, the company was awarded as the Most Innovative Company of…
Dearo Investment Ltd. was honoured with three top awards at the Business World International Awards 2025, organised by the Business World International Organisation. The awards include: Best MSME Finance Company of the Year, Best Project Finance Company of the Year, and Best Entrepreneur Finance Company of the Year. Dearo Investment Chief Executive Officer and Managing…
C Pearl White, a herbal skincare brand by Chandi Gunarathna (Pvt.) Ltd, was honoured as the Most Trending Cosmetic Product Manufacturing and Selling Company of the Year at the Business World International Awards 2025. The event, organised by the US-based Business World International Organisation, was held recently at the Mount Lavinia Hotel. The award was…
Ishara Madushan, the founder and Managing Director of Ishara Madushan Online School Pvt. Ltd., was named the Best Online Mathematics Tutor of the Year (Platinum) at the Business World International Awards 2024. The award ceremony, organised by the Business World International Organisation, took place recently at the Mount Lavinia Hotel in Colombo. Madushan is a…
Melwa, Sri Lanka’s leading steel manufacturer, played a key role in this year’s (2025) Selalihini Wasanthaya in Nuwara Eliya by sponsoring both the festival and its major attraction, the Gregory’s Mud Challenge. Held on 19 and 20 April, the Mud Challenge, organised by the Nuwara Eliya 4×4 Club, drew off-road enthusiasts and crowds of spectators…
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Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, announced the launch of the IAX (India Asia Xpress) submarine cable system—a significant investment aimed at bolstering Sri Lanka’s international network and future-proofing the country’s digital infrastructure. Consequently, Dialog’s total investments in international connectivity infrastructure surpassed USD 100 million. This milestone was achieved through collaborative efforts with…
Model, Actress, and Author Emily Ratajkowski Joined The Celebration CHAGEE (pronounced “Cha-G”), a leading premium tea drinks brand, has opened its first U.S. flagship store in Westfield Century City. The multifaceted grand opening celebration continues through May 11. Emily Ratajkowski, a model, actress, and author appeared at the grand opening celebration and ribbon-cutting ceremony on Friday, May 9….
Fitch Ratings: APAC’s high trade openness and exposure to US demand leave the region particularly exposed to US tariff risks, Fitch Ratings says in a new report. The report discusses questions raised by investors during recent meetings with Fitch for several APAC sovereigns relating to the trade war and other important developments in the region….
Colombo Lotus Tower, together with Bling Productions and Eyeon, brings you “Vesak Rashmi Dhara”, South Asia’s first immersive and interactive Vesak digital art experience, hosted at Pixel Bloom, from May 10th to 18th, 2025. This groundbreaking initiative, created in collaboration with Colombo Lotus Tower (CLT), combines technology with tradition to create stunning, full-day digital Vesak…
The Economy – Economic Sentiment Wavers A notably cautious economic and business outlook has settled over corporates with PepperCube Consultants reporting a more tempered perspective in biz circles. This is line with the mighty fall in business confidence in April. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of April,…
Q1 25 Revenue recorded at Rs 43.3Bn, up 4% YoY; Core Revenue up 20% YoY Q1 25 EBITDA recorded at Rs.19.7Bn, up 45% YoY EBITDA Margin reached 45.5% up 12.8pp YoY Q1 25 NPAT recorded at Rs.4.1Bn up 49% YoY Total Taxes Paid to GoSL amounted to Rs14.8Bn which included Rs4.5Bn in Direct and Rs10.3Bn…
Fitch Ratings: Emerging-market (EM) issuers are variously exposed to direct and indirect impacts from the global trade war, Fitch Ratings says in a new report. Credit pressures may become most evident in EMs where tariff effects combine with aggravating factors or add to pre-existing pressures, even if direct US tariff exposures are small. APAC’s high…
The Sri Lanka – Korea Business Council (SLKBC) of The Ceylon Chamber of Commerce hosted a discussion on “Sri Lanka’s Export Prospect? Challenges. Opportunities. Reforms” on 24th April at the Hilton Colombo Residences. The event was graced by Her Excellency Miyon Lee, Ambassador of the Republic of Korea to Sri Lanka, along with the Deputy…
Analysis
The Economy – Economic Sentiment Wavers A notably cautious economic and business outlook has settled over corporates with PepperCube Consultants reporting a more tempered perspective in biz circles. This is line with the mighty fall in business confidence in April. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of April,…
Fitch Ratings: Emerging-market (EM) issuers are variously exposed to direct and indirect impacts from the global trade war, Fitch Ratings says in a new report. Credit pressures may become most evident in EMs where tariff effects combine with aggravating factors or add to pre-existing pressures, even if direct US tariff exposures are small. APAC’s high…
Business confidence takes a nosedive leaving the recent record highs in the rearview mirror In a dramatic move on 2 April, US President Donald Trump imposed a 44 percent tariff on goods from Sri Lanka and many other countries (ranging from 10% to 90%) through an executive order, citing it as a reciprocal measure to…
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