Category: Business and Economy

hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2027, delivering strong revenue growth and sustained profitability as the Company continued to execute its SaaS-led growth strategy. Total revenue for the quarter reached LKR 602.8 million, reflecting year-on-year growth of 28 percent. The Company’s recurring revenue model continued to strengthen…

Rush Metropolis in Dehiwala, recently received approval from the Board of Investment (BOI) of Sri Lanka. The official recognition was received at the Board of Investment, with Rush Lanka’s Managing Director Sabeer Iqbal, Director Zaid Ariff, General Manager Irfan Rafeek and Finance Manager Zulfihar Ali representing the company. Comprising 125 contemporary apartments, the project combines…

The 91st Annual General Meeting (AGM) of the Import Section of The Ceylon Chamber of Commerce was held recently at Shangri-La Colombo, bringing together members of the import and trade community to review the Section’s achievements and outline its priorities for the year ahead. Sri Lanka Ports Authority (SLPA) Chairman Dr. Parakarama Dissanayake attended as…

The Sri Lanka Consumer Cooperative Societies Federation (COOPFED) has signed two landmark Memoranda of Understanding (MoUs) with Lanka Sugar Company and BCC Lanka Company to strengthen local industries while providing essential consumer goods to the public at affordable prices.  This marks a historic milestone in the cooperative movement, enabling consumers to access high-quality locally produced…

Directors should be less concerned about the cost of complying with governance requirements and more focused on ensuring boards discharge their responsibilities properly, Minor International Group CEO and Minor Hotels Thailand CEO Dillip Rajakarier said, arguing that strong governance protects corporate reputation and ultimately financial performance. Speaking during a panel discussion at the recent Sri…

Texworld NYC, Apparel Sourcing NYC, and Home Textiles Sourcing NYC—the East Coast’s premier textile and apparel sourcing events—concluded successfully at the Jacob K. Javits Convention Center in New York City, USA, from 29–31 July 2026. Recognised as the largest textile and apparel sourcing trade show on the East Coast, the exhibitions brought together more than…

Building on a 61-year legacy of advancing corporate reporting excellence in Sri Lanka, the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) announced the opening of applications for the TAGS Awards 2026, the country’s most prestigious and longest-running benchmark for excellence in corporate reporting. Applications opened on July 31, 2026 and will close…

SDB bank has strengthened its business banking footprint with the opening of its new Business Centre at 167, Union Place, Colombo 02, a strategic move aimed at expanding its presence within one of Colombo’s most prominent commercial districts. The relocation reflects the Bank’s continued focus on delivering specialised financial solutions, strengthening relationships with corporate clients,…

Sri Lanka has reaffirmed its commitment to protecting and promoting overseas investments, with Foreign Minister Vijitha Herath visiting the country’s first-ever investment projects in the Philippines and encouraging more Sri Lankan businesses to explore opportunities in the Southeast Asian nation. The Minister visited the PHIVIDEC Industrial Estate in Misamis Oriental on July 25 during his…

Sri Lankan owned resort investments continue to operate successfully in the aldives. In 2025, bilateral trade reached approximately US$137 million. Sri Lankan exports accounted for around US$130 million and imports from the Maldives totalled approximately US$5.7 million, Masood Imad High Commissioner of the Republic of Maldives to Sri Lanka told the Sri anka–Maldives Business Council…