Category: Business and Economy

(Text and Picture by: I.L.M. RIZAN, Addalaichenai Central Correspondent) A livelihood development programme aimed at promoting women’s self-employment was recently implemented in the Palamunai area, under the Addalaichenai Divisional Secretariat Division, through the 2026 Decentralised Budget allocation of Digamadulla District Member of Parliament M.S. Uthumalebbe. As part of the initiative to strengthen the rural economy,…

Global pharmaceutical company Zydus Lifesciences and Sunshine Healthcare have announced a strategic joint venture (JV) to establish a pharmaceutical manufacturing facility in Sri Lanka with an investment exceeding US$20 million. The new joint venture, named Zydus Sunshine Lifesciences Pvt Ltd., will develop the manufacturing plant at the Board of Investment (BOI) zone in Horana. The…

Sri Lanka’s first Plastic Alternatives and Craft Experience Centre, established by the ZeroPlastic Movement near Sigiriya, has completed its first tourism season, demonstrating how sustainable tourism can create new income opportunities for traditional artisans while promoting environmental conservation. Located at Rotawewa on the Sigiriya Road, the centre offers visitors a hands-on experience rather than a…

Reinforcing its commitment to advancing Sri Lanka’s digital economy, iPay participated in the LankaQR Awareness Programme conducted by the Central Bank of Sri Lanka on June 5-6, in Trincomalee, supporting efforts to accelerate digital payment adoption among businesses operating within the country’s growing eastern tourism belt. The programme focused on strengthening awareness and acceptance of…

New Anthoney’s Feeds won four Gold Awards and one Silver Award at the National Convention on Quality and Productivity (NCQP) 2026, claiming recognition across all five improvement projects it entered. The event was held and winners announced on June 17, at the Mount Lavinia Hotel, Colombo. Marking a significant step up from the company’s double-Gold…

 Total asset base expands to Rs. 180.2 Bn* PBT increases by 37.5% to Rs. 7.6 Bn* Portfolio recorded strong growth by 70% Vallibel Finance PLC continued its strong growth momentum during FY 2025/26, delivering exceptional financial performance and further strengthening its position among Sri Lanka’s top four financial institutions. Remarkably, this achievement has been realized…

People’s Bank, one of Sri Lanka’s leading banking and financial institutions, celebrated its 65th anniversary on July 1, marking six and a half decades of dedicated service to the nation. Since its establishment in 1961, the Bank has played a pioneering role in expanding access to formal banking services, promoting financial inclusion and supporting the…

Amana Bank PLC has acquired ownership of its Corporate Office premises located at Galle Road, Colombo 3 from Lee Hedges PLC. The property transfer took place recently in the presence of Amana Bank’s Chairman Asgi Akbarally, members of the Board of Directors and the Management Committee, as well as the Directors of Lee Hedges PLC.…

Fashion Bug recently donated theatre angiogram covers to the Cardiac Catheterisation Laboratory at Colombo South Teaching Hospital, Kalubowila. The programme was held on March 30, at the hospital premises as part of the brand’s ongoing CSR initiatives. The Cardiac Catheterisation Laboratory is a vital unit within the hospital that facilitates a wide range of diagnostic…

People’s Leasing & Finance PLC (PLC), a leading non-bank financial institution and a subsidiary of People’s Bank, has further expanded its branch network with the inauguration of its new branch in Bibile. The new branch is centrally located at Badulla Road, Bilile. The opening ceremony was graced by the presence of a distinguished gathering, including…