Category: Business and Economy

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…

As anticipation builds for the Battle of the Blues, Prima KottuMee and Prima Treats have once again stepped forward as the Speciality Food Partner to support one of Sri Lanka’s most celebrated school sporting traditions. The historic three-day encounter between Royal College Colombo, and S. Thomas’ College Mount Lavinia, is scheduled to take place from…

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.…