Category: Business and Economy

Nestle Lanka Limited has marked a significant milestone this year, celebrating 120 years of operations in Sri Lanka, highlighting its long-standing contribution to the country’s food and beverage industry and its commitment to community development and sustainability. Nestle was established in 1906, the company has grown from modest beginnings to become one of the country’s…

People’s Bank, one of Sri Lanka’s leading financial services provider, recently announced its highest-ever Profit After Tax of LKR 40.2 billion for the year ended December 31, 2025.In an interview with our staffer from the Daily News Business, the Bank’s Deputy General Manager and Acting Head of Finance, Nilmini Premalal, shared insights into the Bank’s…

Solo Bowl has unveiled its first-ever dine-in outlet, marking a significant milestone in the brand’s growth journey. The new outlet is located at Kotte Road, Etul Kotte, Colombo, was opened to the public on February 18, introducing a fresh and immersive dining experience to the city. The opening was attended by Ajit Gunewardene, Chairman of…

Janashakthi Finance PLC, a member of JXG (Janashakthi Group) has been recognised with multiple accolades at the CA Sri Lanka 60th Anniversary TAGS Awards 2025 (Transparency, Accountability, Governance and Sustainability), reaffirming its strong commitment to corporate governance, transparency and high standards of corporate reporting. The 60th Anniversary ‘Diamond Chapter’ of the TAGS Awards ceremony was…

CBC Finance PLC recently marked International Women’s Day with an inspiring professional development session led by Amalie Abeysundara, a prominent voice in leadership. Moving beyond traditional corporate advice, the session focused on a journey of leadership and strategies for sustained professional growth. Abeysundara encouraged the CBC Finance team to embrace their individual potential and lead…

Sri Lanka has completed its third National Risk Assessment (NRA) for 2024/25 on money laundering, terrorist financing and proliferation financing, providing a comprehensive evaluation of the country’s exposure to financial crimes and emerging threats. A total of 86 government institutions, regulatory bodies and private sector organisations participated in the process, with nearly 200 experts contributing…

The government has decided to establish a ‘GovTech’ institution to replace the Information and Communication Technology Agency (ICTA) operating under the Ministry of Digital Economy to provide a more efficient digital technology service. The aim of this reform is to accelerate the digital transformation process in Sri Lanka and increase the technological efficiency of the…

SriLankan Airlines is set to increase its weekly service between Colombo and Melbourne to ten flights, effective from August 2, with the addition of three more scheduled flights in response to growing demand and evolving market dynamics. The expansion reinforces the airline’s commitment to strengthening its footprint in Australia, has been identified as one of…

Ministry of Industry and Entrepreneurship Development and the Industrial Development Board (IDB) launched the first phase of the Industry Revival Facilitation Programme (IRFP), to assist industries affected by the Ditwah cyclone that struck Sri Lanka in late November 2025 on March 10, under the patronage of Deputy Minister of Industry and Entrepreneurship Development, Chathuranga Abeysinghe.…

The convener of the Central Province Drinking Water Bottle Manufacturers Association, Sapumal Kumara, emphasizes the bottled water industry has a huge potential to boost as a foreign reserve generation industry. To reach this target it should find new foreign markets, where there is a scarcity of drinking water supply. However he empathised that some of…