Category: Business and Economy

A special meeting was held on January 28 between the Special Assistant to the Prime Minister for Industry and Manufacturing of Pakistan, Haroon Akhtar Khan, who is in the country on an official visit, and the Minister of Industry and Entrepreneurship Development,  Sunil Handunnetti, at the Ministry of Industry and Entrepreneurship Development. The discussion was…

The latest edition provides statistical information related to Sri Lanka’s external trade and its contribution to major economic indicators such as trade balance. GDP and individual sectoral involvement for the year 2024 and five preceding years. This volume is the 38th Volume of this publication, and its previous editions have been constantly used as a…

LB Finance PLC has secured USD 45 million in strategic funding from two leading Switzerland-based impact investors, responsAbility Investments AG and BlueOrchard Finance Ltd. This landmark transaction represents a significant milestone in LB Finance’s growth trajectory and reinforces international confidence in the Company’s long-term vision and resilience. The long-term senior debt facilities comprise a USD…

HNB PLC partnered TiECON Sri Lanka 2026 as its Platinum Sponsor, reinforcing its commitment to supporting Sri Lankan entrepreneurs as they scale beyond local market entry and compete internationally. Through this partnership, HNB backed a summit designed to drive practical, execution-led conversations between founders, investors, mentors, and industry leaders. Hosted at Cinnamon Life, Colombo, TiECON…

The MullenLowe Group (MLG) Sri Lanka announced the appointment of Harendra Uyanage as Chief Creative Officer (CCO), further strengthening the Group’s creative leadership as it continues to shape culture-led, business-driving brand thinking across categories. Harendra’s appointment recognises a career built on strategic creativity, filmmaking excellence, and an ability to redefine how legacy and emerging brands…

i Grid Holdings, a Sri Lankan company founded in 2016 and recognised with numerous awards in the solar industry over the past decade, has entered the electric mobility sector with the launch of the i BIKE SLI 100 a modern electric scooter designed specifically for Sri Lankan roads and lifestyles. Developed with a deep understanding…

Two leaders in travel come together to open Emirates Wolgan Valley, a Ritz-Carlton Lodge in mid-2026, signifying the global debut of ‘The Ritz-Carlton Lodge’ and a milestone project for New South Wales’ regional luxury tourism Emirates and Marriott International, Inc. (NASDAQ: MAR) have signed an agreement to open Emirates Wolgan Valley, a Ritz-Carlton Lodge – a 40-key…

Hayleys Agriculture Holdings Limited reaffirmed its commitment to transforming the Sri Lankan agriculture industry at the Jaffna International Trade Fair 2026, which was held from 23rd to 25th January at the Muttraweli Grounds in Jaffna. The company’s presence at the exhibition underscored its focus on bringing modern agricultural technology and value-added agricultural products closer to…

Chokolaate, Sri Lanka’s leading youth-centric media platform, announced the official call-out for designers to participate in the much-anticipated Mother-Daughter Fashion Designer (MDFD) contest. Now in its 16th year, MDFD continues its legacy as one of the island’s most influential creative platforms for emerging fashion talent. Organised annually by Chokolaate Magazine — founded in 2006 with the mission…

Altair Residences have, over the past six months, seen more than 100 individual title deeds being executed by apartment owners, providing owners with a clear, registered, legal title to their apartments in accordance with Sri Lankan property law. This has been a key initiative by the new owners and management of Altair to improve governance…