Category: Business and Economy

Reuters – Marks & Spencer is revamping its supply chain from “factory to floor”, the retailer’s new fashion boss told Reuters, as it looks to double annual online non-food sales to nearly 3 billion pounds ($4 billion). John Lyttle, who joined M&S, opens new tab as managing director fashion, home and beauty in March, said the…

Dynamic AV Technologies (Pvt) Ltd., Sri Lanka’s premier audio-visual solutions provider and exclusive authorized partner of China’s Naaya Group, successfully concluded two landmark acoustic workshops, marking a significant milestone in advancing architectural acoustic standards across Sri Lanka’s construction industry. The strategic workshops, held at Cinnamon Life’s Lumina Auditorium and the Sri Lanka Institute of Architects…

United Motors Lanka PLC (UML) reported a strong resurgence in performance for the six months ended 30 September 2025, with the Group posting a profit of Rs. 1.41 billion compared to a loss of Rs. 119 million in the same period last year — a 1,287 percent increase. The Company’s profit rose sharply to Rs.…

The Lanka Coffee Association (LCA) held its fourth Annual General Meeting (AGM) yesterday at Waters’ Edge Hotel, Battaramulla. At the AGM, Helanta Coffee and Royalwin Ceylon International Founder and Managing Director Tharanga Muramudali was elected as the new Chairperson of the LCA, succeeding Colombo Coffee Company CEO Kushan Samararatne, who served two consecutive terms and…

People’s Leasing & Finance PLC (PLC), a leading non-bank financial institution and a subsidiary of People’s Bank in Sri Lanka, expanded its branch network by opening its 111th branch on November 4, 2025, at No. 44, Kelin Veediya, Eheliyagoda. The opening ceremony was graced by the presence of a distinguished gathering, including People’s Leasing Chairman…

  The Aitken Spence Institute of Hotel Management held its latest graduation ceremony at Heritance Ahungalla, marking another milestone in its mission to develop skilled professionals for Sri Lanka’s hospitality industry. Established in 2007 as part of the company’s Corporate Social Responsibility (CSR) initiative, the institute operates with support from the TUI Care Foundation and World…

Marking a significant milestone in Sri Lanka’s medical history, a Philips Azurion 3M12 angiography machine has been donated by the Herz Clinic Foundation, Zurich, Switzerland, to the Teaching Hospital, Karapitiya. The process was completed in record time, thanks to the excellent cooperation of the Ministry of Health, Director General Dr. Asela Gunawardena, and his team,…

Ambeon Capital PLC, the investment holding company of the Ambeon Group, reported a Profit After Tax (PAT) of LKR 3,820 million for the second quarter of the financial year 2025/26, reflecting a strong continuation of the positive trajectory established in Q1. The year-to-date PAT stood at LKR 4,551 million, compared to LKR 123 million recorded…

Experience the Pinnacle of Elegance and Sophistication in Every Moment Citrus Leisure proudly unveils COSMIC, an extraordinary new concept designed to elevate luxury events and evening escapes to unprecedented heights. Crafted for those with discerning tastes and an eye for refinement, COSMIC transcends the ordinary to create immersive experiences where beauty, elegance, and sophistication converge.…

84 Tours is a destination management company in Sri Lanka, founded by a group of visionary friends born in 1984 with a shared mission to position the island as a premier global travel destination. With a strong focus on delivering curated travel experiences, the company operates primarily through a sophisticated digital platform that enables international…