Category: Business and Economy

* The second phase of the acrylic binder plant expansion was completed, increasing capacity by 76%* Local sales increased by 12%, supported by the EV charger business and decorative paints segment* Gross profit increased by 21% year-on-year JAT Holdings PLC recorded its highest-ever annual revenue in FY25/26, with performance reflecting the continued strength of its…

Sri Lanka today is emerging from several crises which have challenged its modern history. The economic crisis, Ditwah and international challenges in the Strait of Hormuz. On all these issues, France has been alongside the Government of Sri Lanka, and stay, remain committed to the Government of Sri Lanka, Rémi Lambert,  Ambassador of France to…

The 31st National Bartenders Competition (NBC) 2026 has concluded all six regional rounds, reaffirming its position as Sri Lanka’s premier platform for bartending excellence, professional development and hospitality industry advancement. Organised by the Sri Lanka Hospitality Graduates Association (SLHGA) in collaboration with the Sri Lanka Institute of Tourism & Hotel Management (SLITHM), and supported by…

Shangri La Colombo invites guests to discover culinary treasure as renowned Indian chef and culinary educator Bimba Nayak along with Chef Gauri Nayak presents an exclusive Pathare Prabhudining experience at Central from June 4-7. For many, the words Bombil, Kolambi and Khadkhadle may sound unfamiliar. Yet within the Pathare Prabhu community one of Mumbai’s oldest and most historically significant…

The garment industry is the main contributor to Sri Lanka’s export earnings, and out of the export earnings of US$ 17.25 billion in 2025, US$ 4.9 billion has been received from the garment sector, Secretary to the Ministry of Industries and Entrepreneurship Development, Thilaka Jayasundara told the Diploma and Higher National Diploma Certificate Awarding Ceremony…

nducted for the industries on Wednesday, 2 June 2026, bringing together key stakeholders in Sri Lanka’s Technical and Vocational Education and Training (TVET) sector. The event was held at Shangri-La, Colombo. The programme was organized under the KOICA-funded TVET Career Platform Project (2023–2026), which is implemented by UBION, a leading Korean EdTech company serving as…

Reinforcing its commitment to support the nation’s next phase of economic transformation, Commercial Bank of Ceylon PLC’s new branch in Port City Colombo will bring world-class banking services to Sri Lanka’s emerging international financial hub. Located at Building 04 in Area 02 of the Port City Business Centre – Commercial Hub, Commercial Bank’s Port City…

SDB Bank, one of Sri Lanka’s leading regulated banks, has collaborated with IBM (NYSE: IBM) and South Asian Technologies (SAT), an IBM business partner, to modernise its digital banking infrastructure and accelerate its transformation journey. Leveraging IBM’s enterprise infrastructure and automation solutions, SDB bank continues to demonstrate its ability to deliver secure and seamless banking…

Marking a significant milestone in its journey as it celebrates 25 years of trust and transformation, HNB Life has introduced Privileged Protect, a novel universal life insurance solution designed to meet the evolving financial and protection needs of modern Sri Lankans. Developed as an evolved protection offering, Privileged Protect combines short-term premium commitments with long-term…

Deputy Minister of Finance Dr. Anil Jayantha Fernando said that the Treasury has received the 6th and 7th tranches of the International Monetary Fund’s Extended Fund Facility. According to him the Treasury has received US$ 695 million as the 6th and 7th tranches after successfully completing the 5th and 6th reviews of the Extended Fund…