Category: Business and Economy

In a remarkable twist in the tourism landscape, Sri Lanka has officially claimed the title of the third fastest-growing travel destination for Australian holidaymakers in 2025, boasting an impressive 19 percent increase in arrivals year-on-year. According to the latest statistics from the Australian Bureau of Statistics (ABS), the picturesque island nation now ranks just behind…

Prime Lands Residencies PLC announced that ‘The Grand’ – Ward Place, its luxury apartment development in Colombo 07, was recently recognised at the Sri Lanka National Construction Awards, organised by the Construction Industry Development Authority (CIDA). The recognition was conferred in acknowledgement of the project’s outstanding construction excellence, with MAGA Engineering (Pvt) Ltd serving as…

NDB Bank reaffirmed its steadfast commitment to empowering Sri Lanka’s SME and MSME sectors by participating in the Revive Sri Lanka/Rising Stronger initiative, held on December 20, at Kandy City Centre. Organised by Kandy City Centre (KCC) under the guidance of its Chairman,  Thusitha Wijayasena, the programme brought together over 800 participants, including entrepreneurs, business…

AIA Insurance Lanka Limited has entered into a strategic partnership with CBC Finance Limited, marking a significant milestone in its mission to enhance financial security and convenience for Sri Lankans. The signing ceremony held recently brought together senior representatives from both organisations, underscoring the importance of this collaboration in shaping the future of integrated financial…

Hatch Fund Singapore has announced the completion of its first investment, backing Cultive8, a fast-growing agri-technology startup with Sri Lankan roots and a rapidly expanding regional footprint. Hatch is the centre of gravity for Sri Lanka’s startup and innovation ecosystem, combining co-working, incubation, mentorship, acceleration, partnerships and venture funding to startups. This milestone investment reflects…

Associated Motorways (Private) Limited (AMW), a member of the Al-Futtaim Group and the authorised distributor for Nissan and Suzuki in Sri Lanka, has secured a commanding 55% market share to emerge as the clear market leader in the country’s Class A SUV segment for 2025. This milestone performance was driven entirely by the outstanding success…

Hayleys PLC Chairman and Chief Executive Mohan Pandithage has been named ‘Businessman of the Year 2025’  by LMD Magazine, following a year in which the group continued to hold its position as Sri Lanka’s leading listed company for the second consecutive year and for the tenth time overall. The recognition caps a period of sustained…

HNB Assurance PLC (HNBA) has announced a special relief initiative titled ‘HNB Assurance Gift of Protection,’ offering a free life insurance cover of Rs. 1 million to its policyholders affected by the recent Dithwa Cyclone. The initiative reflects the company’s deep commitment to safeguarding customers by ensuring they stay protected in any event no matter…

Ranyan Industries (Pvt) Ltd., the creators of the prestigious Amami brand, has been honored with the Silver Award and Top Achiever Award in the Small Category at the CNCI Achievers Awards 2025, organized by the Ceylon National Chamber of Industries in collaboration with the Ministry of Industry and Entrepreneurship Development. The grand ceremony, held at…

• Compensation for Fully Damaged Houses and New Housing Construction to Commence on 9 January in Anuradhapura and Kurunegala – President President Anura Kumara Dissanayake stated that the programme to provide compensation for fully damaged houses and to construct new homes for families affected by the disaster will commence on January 09th in Anuradhapura and…