Category: Business and Economy

Japanese Investors pressured to settle after years of legal and corporate turbulence A long-running dispute between Asia Capital PLC and its Japanese investors has come to a close following a mutually agreed settlement, marking the end of nearly five years of legal battles, restructuring efforts, and complex negotiations that reshaped the company’s trajectory. The settlement…

Sri Lanka’s tourism sector has experienced strong growth in February 2026, driven significantly by the ICC Men’s T20 World Cup. According to the Sri Lanka Tourism Development Authority (SLTDA), 159,339 tourists arrived in the country during the first 15 days of February. This mid-month total contributed to an overall figure of 436,666 arrivals for the…

As the National ICT Solutions Provider, SLT-MOBITEL plays a pivotal role in supporting businesses across Sri Lanka by delivering digital and AI-based solutions that enhance operational efficiency, competitiveness and business growth. Through a range of focused initiatives, SLT-MOBITEL actively enables organisations to accelerate their digital transformation journeys. ‘SmartChat Mega 2026’ is one such flagship initiative,…

Automobile Association of Ceylon (AAC) has donated Rs. 25 million towards the Disaster Relief Support Fund aim to assist the Ditwah Cyclone victims. The donation was handed over to Dr. S.N. Kumayake, Secretary to the President by Dhammika Attygalle, President AAC, at the Presidential Secretariat on February 19 in the presence of Executive Committee members.…

Russel’s Wellness  showcased its Ayurveda-inspired wellness teas and medicinal formulations at Gulfood 2026, one of the world’s most prestigious food and beverage exhibitions. The event brought together global buyers, distributors, and industry leaders, creating meaningful conversations around heritage, quality, and innovation. A special highlight of the exhibition was the visit by Wasantha Samarasinghe,  Minister of…

The future development and positioning of Mattala Rajapaksa International Airport is being pursued through a joint marketing and operational strategy aimed at attracting more airlines and strengthening its role as a tourism gateway, according to Buddhika Hewawasam, Chairman of the Sri Lanka Tourism. Speaking at a media briefing yesterday (19), Hewawasam said the absence of scheduled airlines remains the…

Minasro College, recently honored with the prestigious Peoples Excellency Award for its outstanding contribution to pre-school and primary education, successfully held its Fourth Annual Sports Meet on February 8, 2026, at the Sugathadasa Stadium in Colombo. This national-level recognition, together with the successful organization of the sports meet, reaffirmed the school’s strong commitment to its…

Sri Lanka’s Cyril Rodrigo’s by Green Cabin partnered with Michelin-Selected Frangipaani, part of The Olive Tree Group, to present a two-night “4 Hands Dinner” titled Coast to Coast on 7th and 8th February at The Republik. The collaboration brought together Frangipaani’s Head Chef S. Mokrabin and Green Cabin’s Chef de Cuisine P. Thangaraj for a curated culinary…

Reuters – President Donald Trump said on Saturday he will raise a temporary tariff from 10% to 15% on U.S. imports from all countries, the maximum level allowed under the law, after the U.S. Supreme Court struck down his previous tariff program. The move came less than 24 hours after Trump announced a 10% across-the-board…

Reinforcing its position as one of the leading hygienic disposable manufacturers in Sri Lanka and reaffirming its commitment to quality, Global Consumer Products (Pvt) Ltd. (GCP) has received the ISO 9001:2015 certification from the Sri Lanka Standards Institution (SLSI). Global Consumer Products (Pvt) Ltd. holds the unique distinction of being the only manufacturer in Sri…