Category: Business and Economy

Enhances Scope for Foreign Investment in Sri Lanka Home Lands, Sri Lanka’s number one and most trusted innovative developer, has secured an over three-acre premium mixed-use land parcel at Port City Colombo in a landmark transaction valued at USD 40.1 million (approximately LKR 12.5 billion), marking one of the most significant single investments made by…

Sri Lanka’s apparel exports gained a huge market opportunity from the UK market, it has been reported that Sri Lanka’s apparel exports declined by 2.66% year-on-year in January 2026, falling to US$ 425.44 million from US$ 437.07 million in January 2025, reflecting continued pressure across key export markets. Exports to the US fell by 2.73%…

Bank of Ceylon (BOC) concluded the financial year ended 31st December 2025 with a landmark performance, achieving a Profit After Tax (PAT) of Rs. 76.0 billion, 18% increase over the previous year, while Profit Before Tax (PBT) reached Rs. 120.8 billion. Beyond financial growth, this year marked a pivotal shift towards sustainable and inclusive banking,…

Amana Takaful Life PLC provides the best investment options for life insurance policyholders and has delivered an exceptional performance across its unit-linked fund portfolio in 2025, generating strong returns for policyholders through disciplined, strategic, and well-structured fund management. According to the fund performance review as at December 31, 2025, Amana Takaful Life’s flagship Gold Investment…

Prime Lands Residencies PLC has secured the Otters Club Car Park property in Colombo 7 through a recently concluded agreement with the Urban Development Authority (UDA), marking one of the most significant residential land acquisitions in the district in recent years. The property will be developed into ‘The Elizabeth’, a landmark residential tower envisioned to…

Sri Lanka’s tea exports recorded a strong start to 2026, with volumes and values posting year-on-year gains in January, according to the latest industry data. Ceylon Tea exports for January 2026 totalled 20.71 million kilograms (M/Kgs), reflecting an increase of 1.34 M/Kgs compared to 19.37 M/Kgs recorded in January 2025. All major categories registered growth…

CIPM launches QS-Accredited CQHRM\ The Chartered Institute of Personnel Management (CIPM) Sri Lanka, marked a defining milestone in its distinguished history with the official launch of the revised Chartered Qualification in Human Resource Management (CQHRM), now internationally accredited by Qualifications Scotland (QS) at Scottish Credit and Qualifications Framework (SCQF) Level 11. The national-level ceremony was…

The units of the “CAL Three Year Closed End Fund” were officially listed on the Colombo Stock Exchange (CSE) recently. Accordingly, a total of 841,263,375 units of the ‘CAL Three Year Closed End Fund’ were listed by Capital Alliance Investments Ltd (CALI), a member of the Capital Alliance Ltd Group (CAL Group). The listing was…

Sri Lanka’s country-code domain administrator, the LK Domain Registry, has entered into a strategic partnership with Norway-based cybersecurity firm to strengthen monitoring and protection of the .LK namespace amid rising online threats. The move comes as internet usage in Sri Lanka continues to expand, accompanied by a growing number of fake banking websites, fraudulent online…

Asia Plantation & Export (Pvt) Ltd formally signed a memorandum of understanding with the Sri Lanka Sharia Council, a move that will become a turning point in the island’s export sector. As a company that always breaks new ground in the business world, it has made history as the first plantation company in Sri Lanka…