Category: Business and Economy

Huawei Launches Five Solutions to Accelerate Aviation Intelligence

During the Passenger Terminal Expo 2025 in Madrid, Huawei launched five aviation solutions, notably including the Smart Airport Intelligent Operation Center (IOC) to advance intelligent industry upgrades. Huawei executives, including Mr. Dong Fangshuo, Vice President of Huawei’s Smart Transportation BU, Mr. Yang Guojie, Director of Transportation Industry Solution Domain from Huawei’s Data Communication Product Line,…

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IWS Logistics Boosts Efficiency and Sustainability with KALMAR DCU80 from DIMO

DIMO, a leading diversified conglomerate in Sri Lanka and the authorized distributor for KALMAR equipment in the country, recently delivered the state-of-the-art KALMAR DCU80 Empty Container Handler (ECH) to IWS Logistics (Private) Limited, one of Sri Lanka’s premier private container depot operators. This delivery reflects DIMO’s expanding presence in the country’s container handling and logistics…

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Teejay Group closes the FY 2024/25 with a remarkable Q4 performance

Teejay Group, Sri Lanka’s first multinational textile manufacturer delivered a remarkable financial performance by posting a Profit After Tax of LKR 2.8 billion marking a substantial 152% year-on-year growth during the year ended 31st March 2025. The strong bottom-line performance was driven by the rapid execution of strategic initiatives, effective cost optimisation and Teejay’s ability…

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Mercantile Investments opens 74th & 75th branches in Kilinochchi and Puthukkudiyiripu

In its continuous efforts to expand its reach and advocate financial inclusivity across Sri Lanka, Mercantile Investments recently opened two new branches in the Northern Province. These launches mark the 74th and 75th branches open by the company, further cementing its commitment to accessible, community-based financial services. The 74th branch was open at No. 151, A9 Road, Kilinochchi…

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Nissan Launches the New Nissan Magnite in Sri Lanka priced at LKR. 7.8 Million onwards, Featuring Class Leading Safety, Tech and Bolder Design

Associated Motorways (Pvt) Ltd. (AMW), the authorized distributor of Nissan vehicles for Sri Lanka is excited to announce the launch of the New Nissan Magnite in Sri Lanka with bold aesthetics, enhanced safety, and advanced tech. The Nissan Magnite’s bold presence is accentuated by a tougher, more robust exterior that exudes confidence and enhances its…

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