Category: Business and Economy

Groundworth (Pvt) Ltd proudly announces the launch of “The Infinity by Groundworth”, a premium land development located in Piliyandala–Polgasowita, one of Colombo’s most rapidly expanding suburban corridors. The Infinity combines accessibility, convenience, and long-term capital appreciation within a well-planned and emerging residential landscape. It is strategically positioned for modern residential living and high-growth investment possibilities. …

Classic Travel has once again secured top honours at the Malaysia Airlines Trade Elevation Summit 2026, winning the prestigious Golden WAU Award and continuing its consecutive run of recognition at the global industry event. The awards ceremony, took place on 14th May at Shangri-La in Kota Kinabalu, recognises outstanding global trade partners that continue to…

Revenue: Rs.47.3Bn, up 9% YoY and NPAT: Rs.9.2Bn up +)100% YoYTaxes Paid to GoSL: Rs.16.0Bn (Rs.5.1Bn in Direct, Rs.10.9Bn Indirect)Investment in Digital Infrastructure: Rs.5.5Bn; Operating Free Cash Flow (OFCF): Rs.14.6Bn up +8% YoYFirst Interim Dividend: Rs.0.70 per share; Annualized Dividend Yield of 9.2% Dialog Axiata PLC announced its consolidated financial results for the quarter ended…

Sri Lanka’s economy reflected mixed trends across key sectors during the week ending May 15, with industrial activity showing improvement while tourism earnings and financial market indicators recorded declines, according to the latest Weekly Economic Indicators released by the Central Bank of Sri Lanka (CBSL). In the real sector, the Central Bank said tea production…

The SME NEXUS National SME Strategy Framework 2026 was officially launched in Colombo on May 13, 2026. Held at the Grand Maitland, the initiative, spearheaded by the Ministry of Industry and Entrepreneurship Development, focuses on empowering small and medium enterprises (SMEs) through digital transformation and policy consistency. The main purpose of the initiative was to…

As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop,The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka Climate Summit on 9 June 2026 at the Taj Samudra Hotel, convening policymakers,…

The SLT Group reported a strong start to the year, posting double‑digit revenue growth and significantly higher profitability in the first quarter of 2026 compared to Q1 2025, driven by notable gains in operating profit and net earnings and a sustained demand for broadband (internet) services. The Group’s results signal a decisive turnaround and significant…

The newly established Canadian Chamber of Commerce in Sri Lanka (CanCham SL) has formally commenced its operations with the approval and support of Global Affairs Canada. The Canadian High Commissioner to Srí Lanka serves as the Patron of CanCham SL, further reinforcing the Chamber’s commitment towards strengthening bilateral and regional economic cooperation. Speaking to media…

Synergy Bio (Pvt) Ltd. has been awarded ISO 9001 certification for its Quality Management System, reaffirming its commitment to internationally recognised standards in quality, efficiency and operational excellence. Established in 2010, the company specializes in the design, development, manufacturing and installation of medical and general laboratory equipment, catering to a wide range of industry requirements…

LOLC Life Assurance continues to reinforce its commitment to delivering accessible, customer-centric life insurance solutions through the strategic expansion of its branch network across key locations in Sri Lanka. The recent opening of new branches in Mathugama and Beruwala marks a significant milestone in enhancing customer accessibility, improving service convenience, and delivering inclusive insurance protection…