Category: Business and Economy

Overseas Realty (Ceylon) PLC released the 4th Quarter Unaudited Financial Statements for the Year ending  December 31, 2025 delivering strong financial performance recording Group Revenue of Rs. 11,944 million, reflecting a 49% increase over the previous year and Group Profit Before Tax of Rs 9,266 million. This growth was primarily driven by higher apartment sales…

RDB Bank, a government owned premier development bank has announced the appointment of its new Directors. The newly appointed Board brings together a team of experienced professionals with diverse expertise in finance, development, governance, and management to guide the Bank towards achieving its strategic vision of empowering entrepreneurs and financial inclusion. Asoka Bandara has been…

(Malwana Group Mahanama Vithanage and Mahanama Special M.T.M. HANAFI) Tasma Group Company donated an ECG Machine and Medical Equipment to the Biyagama Government Hospital at a cost of Rs. ten lakhs on February 21 . Tasma Group Company Chairman Nimal Subasinghe Kariyapperuma is seen handing over the equipment to Biyagama Hospital Chief Medical Officer Dr.…

Courtyard by Marriott Colombo appoints Suranga Peelikumbura as its new  General Manager. Over two decades Suranga has carried the Marriott spirit across continents, from the shimmering luxury of The Ritz-Carlton in Doha to the refined hospitality of Ireland and most recently to the helm of Resplendent Ceylon as Vice President of Operations. His journey reflects…

Japanese Investors pressured to settle after years of legal and corporate turbulence A long-running dispute between Asia Capital PLC and its Japanese investors has come to a close following a mutually agreed settlement, marking the end of nearly five years of legal battles, restructuring efforts, and complex negotiations that reshaped the company’s trajectory. The settlement…

Sri Lanka’s tourism sector has experienced strong growth in February 2026, driven significantly by the ICC Men’s T20 World Cup. According to the Sri Lanka Tourism Development Authority (SLTDA), 159,339 tourists arrived in the country during the first 15 days of February. This mid-month total contributed to an overall figure of 436,666 arrivals for the…

As the National ICT Solutions Provider, SLT-MOBITEL plays a pivotal role in supporting businesses across Sri Lanka by delivering digital and AI-based solutions that enhance operational efficiency, competitiveness and business growth. Through a range of focused initiatives, SLT-MOBITEL actively enables organisations to accelerate their digital transformation journeys. ‘SmartChat Mega 2026’ is one such flagship initiative,…

Automobile Association of Ceylon (AAC) has donated Rs. 25 million towards the Disaster Relief Support Fund aim to assist the Ditwah Cyclone victims. The donation was handed over to Dr. S.N. Kumayake, Secretary to the President by Dhammika Attygalle, President AAC, at the Presidential Secretariat on February 19 in the presence of Executive Committee members.…

Russel’s Wellness  showcased its Ayurveda-inspired wellness teas and medicinal formulations at Gulfood 2026, one of the world’s most prestigious food and beverage exhibitions. The event brought together global buyers, distributors, and industry leaders, creating meaningful conversations around heritage, quality, and innovation. A special highlight of the exhibition was the visit by Wasantha Samarasinghe,  Minister of…

The future development and positioning of Mattala Rajapaksa International Airport is being pursued through a joint marketing and operational strategy aimed at attracting more airlines and strengthening its role as a tourism gateway, according to Buddhika Hewawasam, Chairman of the Sri Lanka Tourism. Speaking at a media briefing yesterday (19), Hewawasam said the absence of scheduled airlines remains the…