Category: Business and Economy

Teejay Group closes the FY 2024/25 with a remarkable Q4 performance

Teejay Group, Sri Lanka’s first multinational textile manufacturer delivered a remarkable financial performance by posting a Profit After Tax of LKR 2.8 billion marking a substantial 152% year-on-year growth during the year ended 31st March 2025. The strong bottom-line performance was driven by the rapid execution of strategic initiatives, effective cost optimisation and Teejay’s ability…

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Mercantile Investments opens 74th & 75th branches in Kilinochchi and Puthukkudiyiripu

In its continuous efforts to expand its reach and advocate financial inclusivity across Sri Lanka, Mercantile Investments recently opened two new branches in the Northern Province. These launches mark the 74th and 75th branches open by the company, further cementing its commitment to accessible, community-based financial services. The 74th branch was open at No. 151, A9 Road, Kilinochchi…

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Nissan Launches the New Nissan Magnite in Sri Lanka priced at LKR. 7.8 Million onwards, Featuring Class Leading Safety, Tech and Bolder Design

Associated Motorways (Pvt) Ltd. (AMW), the authorized distributor of Nissan vehicles for Sri Lanka is excited to announce the launch of the New Nissan Magnite in Sri Lanka with bold aesthetics, enhanced safety, and advanced tech. The Nissan Magnite’s bold presence is accentuated by a tougher, more robust exterior that exudes confidence and enhances its…

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Hayleys Fentons Receives National Recognition for Fire Safety Engineering Excellence at Annual Construction Competition 2025

Hayleys Fentons Limited, the No.1 MEP contractor in Sri Lanka has been honoured with the Excellence Award in Mechanical Engineering at the Annual Construction Competition – Western Province 2025, presented by the National Construction Association of Sri Lanka. This recognition underscores our expertise in the comprehensive Supply, Installation, Testing, and Commissioning of advanced Fire Detection…

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LIBA to launch first ever online business advisory service

Lanka India Business Association (LIBA) announced that it will launch the first-ever online business advisory service that will connect business advisors in India directly to businesses in Sri Lanka (members of LIBA). One of the most pressing challenges in today’s business landscape is gaining access to the right network. Many business leaders and entrepreneurs struggle…

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Nex-Gen Engineering Revolutionises As-Built Surveying with Drone-Based 3D LiDAR Laser Scanning

Advancing As-Built Surveying with Unmatched Precision, Efficiency, and Safety Nex-Gen Engineering Studio, is leading a significant transformation in the field of As-built surveying through the integration of advanced drone-based 3D LiDAR (Light Detection and Ranging) laser scanning technology. This groundbreaking advancement significantly enhances precision, and optimises overall efficiency, marking a new era in As-built assessments…

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