Category: Business and Economy

Janashakthi Life, the fastest growing insurer outperforms industry again in Q2 with 61% New Business Growth and 70% Profit surge

Janashakthi Life has once again proven its mettle, delivering a stellar performance in Q2 2025 and solidifying its position as one of Sri Lankaโ€™s fastest-growing life insurers. Building on the strong momentum established in the first quarter as the fastest growing insurance company, the company continues its upward trajectory with exceptional gains in profitability and…

By Mic Off

Diva partners with TOYOTA Lanka for โ€˜Diva Pawule Wasanawaโ€™, creating value to Sri Lankan families

Diva, one of Sri Lankaโ€™s leading laundry care brands, offered by Hemas Consumer Brands, recently entered into a historic partnership with global mobility giant TOYOTA Lanka, to launch the โ€˜Diva Pawule Wasanawaโ€™ campaign. In celebration of over two decades of trust and innovation by Diva, the campaign reflects a shared vision of enriching Sri Lankan…

By Mic Off

Luxury Redefined: AVATR, XPeng, IM Motors, and RIDDARA Arrive in Sri Lanka to Challenge European Giants

The Future of Luxury EVs Arrives in Sri Lanka to Rival European Giants Evolution Auto (Pvt) Ltd, Sri Lankaโ€™s leading electric vehicle company with the largest range of EVs, has officially launched a fleet of globally acclaimed premium smart electric vehicle (EV) brandsโ€”AVATR, IM Motors, XPeng, and RIDDARAโ€”marking a bold new chapter in the countryโ€™s…

By Mic Off

Nations Trust Bank PLC delivers 26% loan growth in 1H 2025 supporting economic revival

Nations Trust Bank PLC reported strong  results for the six months ending 30th June 2025, achieving a Profit After Tax (PAT) of LKR 9Bn, reflecting a healthy 10% year-on-year growth. Nations Trust Bank, Director & Chief Executive Officer, Hemantha D Gunetilleke, stated, โ€œThe Bankโ€™s performance in 1H 2025 highlights our commitment to economic growth and…

By Mic Off

First Capital Holdings PLC reports robust Q1 FY2025/26 performance with Rs. 2.15Bn Profit after Tax

First Capital Holdings PLC (the Group), a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, announced its financial results for the first quarter ended 30 June 2025, reporting a Profit after Tax (PAT) of Rs. 2.15Bn, a substantial increase from Rs. 582Mn recorded in the corresponding period of the previous year. This…

By Mic Off

Toyota Lanka Hosts Regional Product Exposium 2025

Toyota Lanka (Pvt) Ltd., the authorized distributor of brand-new Toyota vehicles and a leading name in the automotive industry, successfully hosted the Toyota Regional Product Exposium 2025 at its Head Office in Wattala. The event brought together over 20 participants from Toyota Motor Asia, Toyota Tsusho Asia Pacific โ€“ Singapore, Toyota Cambodia, Toyota Laos, Toyota…

By Mic Off

Lanka Rating Agency upgrades First Capital Holdings PLC to โ€˜A+โ€™

A testament to market strength, strategic leadership, and national financial progress First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution, and Lanka Rating Agency Ltd (LRA), an independent credit rating authority of Sri Lanka, are pleased to announce the upgrade of the companyโ€™s long-term credit rating to โ€˜A+โ€™…

By Mic Off

Inqbaytor Becomes First Certified Turkish Airlines NDC Aggregator in Sri Lanka

Inqbaytor Technologies, a leading travel technology company, recently announced its certification as the first Turkish Airlines Direct NDC API aggregator in Sri Lanka. This groundbreaking recognition marks a significant milestone not only for Inqbaytor Technologies but also for the broader travel ecosystem in Sri Lanka and the region. Travel companies can now access and incorporate…

By Mic Off

Diva revolutionizes laundry care with all-new Diva Power Pods- Delivering 3 jobs with 1 pod

Diva, one of Sri Lankaโ€™s most trusted laundry care brands under Hemas Consumer Brands (HCB), has unveiled Diva Power Podsโ€”a bold leap forward in modernizing laundry care in Sri Lanka. Introduced under Diva Power, the innovation-led sub-brand of Diva, these pods represent the next generation of convenience and performance in the laundry care category. To…

By Mic Off