Category: Business and Economy

Home Lands’ most iconic residential development, Pentara Residencies in Thummulla has been awarded the Development Permit by the Urban Development Authority (UDA) granting the project full clearance to move forward with construction. Having obtained all statutory and environmental approvals including approval from National Building Research Organization (NBRO) and environmental approval from the Environmental Consultative Committee…

hSenid Business Solutions PLC (hSenidBiz) announced its financial results for the first quarter of FY2026, reporting stable topline performance and the continuation of profitability improvements seen in the prior quarter. Total revenue for the quarter reached LKR 471.7 million, with recurring subscription revenues growing 36 per cent year-on-year in LKR terms. A decline in professional…

In a world increasingly driven by technology, Sri Lanka is taking bold strides to equip its younger generation with the skills necessary to thrive in the 21st century. Central to this vision is the integration of STEM (Science, Technology, Engineering, and Mathematics), Robotics, and Artificial Intelligence (AI) into school education, closely aligned with the government’s…

M Power Capital Securities Limited (MSEC) is pleased to announce the appointment of its Chief Executive Officer Lakmal Jayarathne to the Board of Directors effective 01st August 2025. This appointment reflects the firm’s remarkable growth under his leadership and underscores the pivotal role he has played in guiding MSEC to new heights. Since assuming the role…

Former IQ-EQ leader will accelerate Acuity’s global growth, including Sri Lanka Acuity Knowledge Partners (Acuity), a leading provider of bespoke research, analytics, staffing and technology solutions to the financial services sector, has appointed Emma Crabtree as Chief Revenue Officer (CRO). Crabtree has more than 25 years of leadership experience in client engagement and commercial strategy,…

The ‘It’s About Time’ Travelling History Museum opened its doors to the public today at the Colombo Public Library. Since its inception in February 2019, the museum has visited 11 towns across 10 districts and 7 provinces, including Jaffna, Kandy, Kurunegala, Badulla, Batticaloa, Mannar, and Galle. Drawing on feedback from more than 52,000 visitors, it…

The Swadeshi Industrial Works PLC, the market leader for herbal based personal care products received the award for Excellence in Herbal-Based Personal Care Products at the Global Business Excellence Awards 2025 – Elite Series II. The Global Business Excellence Awards 2025 – Elite Series II was held on August 10th, 2025, at the BMICH in…

Raja Jewellers, the undisputed monarch of the gold world, successfully concluded its highly anticipated Diamond Day Celebration 2025, marking a dazzling highlight in its annual promotional calendar. The recent spectacular relaunch of the Paragon Diamond Collection, a reimagined line that enthralled guests with its timeless appeal and exquisite elegance, made this year’s Diamond Day especially…

The Lanka India Business Association (LIBA) recently hosted a celebration of India’s Independence Day, at Cocobar, Colombo. The event, which was held under the theme ‘Indo-Western Fusion’, brought together an eclectic gathering of distinguished guests. This included diplomats, members of the media, Sri Lankan and Indian business leaders and their families, who enjoy a lively…

Xavier 4.0 is a mission-ready platform combining the power of the RG 311 #UGV and the Beak B 150 #UAV, designed and developed from the ground up, into one seamless autonomous platform. With all-terrain mobility, autonomous navigation, 3D spatial mapping, rapid aerial deployment, and high-definition imaging working in harmony, it redefines how ground and air…