Category: Companies
Ceylon Chamber affirms support for National recovery efforts following cyclone Ditwah
The Ceylon Chamber of Commerce is deeply saddened by the devastation caused by Cyclone Ditwah, and our thoughts are with all individuals, families, and communities affected by this tragedy. We mourn the loss of lives and acknowledge the immense hardship endured by thousands who have been displaced and whose livelihoods have been severely disrupted. In […]
Evolution Auto brings multi-brand electric vehicle showroom to Kurunegala
Evolution Auto, a pioneer in Sri Lanka’s electric mobility sector, has officially opened its multi-brand electric vehicle (EV) showroom in Kurunegala, in collaboration with New Jayasekara Auto Motors (Pvt) Ltd. The new showroom offers customers a chance to explore, test drive, and purchase a wide range of electric vehicles, making eco-friendly transportation more accessible than […]
SEC Issues Urgent Scam Alert: Blue Ocean Securities Unlicensed and Unauthorized to Trade
The Securities and Exchange Commission of Sri Lanka (SEC) has issued an urgent warning to the public, stating that Blue Ocean Securities Ltd is not licensed by the SEC and has no authority to trade in securities in Sri Lanka on behalf of investors. The SEC further revealed that the company’s Chief Analyst and assistant […]
‘s &’s National Ratings on Rating Watch Positive on Proposed Acquisition
Fitch Ratings has placed Housing Development Finance Corporation Bank of Sri Lanka’s (HDFC) National Rating of ‘BB+(lka)’ and State Mortgage & Investment Bank’s (SMIB) National Rating of ‘BB(lka)’ on Rating Watch Positive (RWP). HDFC’s rating was previously on a Negative Outlook. Key Rating Drivers Acquisition on the Cards: The rating action follows the announcement by the […]
‘s 47-pct y-o-y increase in Group PAT, reaching Rs.34.7Bn
Sustaining its upward momentum, HNB delivered strong results in the first nine months of Group PAT reached Rs 34.7 Bn, marking a 47% YoY increase, while the Bank’s PAT grew by 42% YoY to Rs 31.5 Bn. Commenting on the performance, Mr. Nihal Jayawardena, Chairman of HNB PLC stated, “The period under review has been […]
Strategic report to CTC – South Asia’s first “quit like Sweden” anti-tobacco roundtable
On 11 November 2025, Colombo hosted a major roundtable on tobacco harm reduction, organized by Quit Like Sweden, a UK-based international non-profit platform. The event brought together experts from around the world to examine Sweden’s successful tobacco harm reduction model and discuss how elements of this approach could be adapted in South Asia, including Sri […]
Renewed diaspora optimism as RIUNIT showcases real estate investment opportunities in London
The Research Intelligence Unit (RIUNIT) together with the High Commission of Sri Lanka in London held the Sri Lanka Real Estate Investment Forum: London 2025 on Thursday, 30 October 2025 at the Sri Lanka High Commission in London. Despite having organised many dozens of investor events at high diaspora density locations around the globe during […]
Hayleys sustains growth momentum, reports PBT of Rs.13.33Bn in first half of 2025/26
Achieves Revenue and PBT growth of 13% and 7% during the 2nd quarter of the year supported by both domestic and export-oriented businesses Ranked as Sri Lanka’s leading listed corporate in the 32nd edition of the LMD 100 Accelerates growth through strategic expansion in new verticals The Hayleys Group sustained its strong growth trajectory during […]
Government responds to key industry appeals on VAT and SME needs: SLABA
The Sri Lanka Apparel Brands Association (SLABA), representing all leading Sri Lankan apparel and fashion brands, enthusiastically welcomes theBudget, which addresses the majority of the industry’s key requests to strengthen the domestic apparel ecosystem. Government Hears Industry Voice SLABA commends the Government for responding decisively to industry concerns, particularly the implementation of VAT on imported […]
Policybazaar expands global footprint with tech-led reinsurance entry into SL, Qatar, Oman, and UAE
Policybazaar.com, one of India’s largest insurance platforms, has announced the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE. With this move, Policybazaar becomes one of the first India-based intermediaries to introduce a technology-driven reinsurance model across Asia and the Middle East, regions that are rapidly growing yet continue to face […]
Hayleys Plantations partners Solidaridad to strengthen global leadership in Regen Agri
Hayleys Plantations, home of the world’s first Regenagri®-certified tea estate, has entered into a landmark partnership with Solidaridad Network Asia and its Sri Lankan partner Nucleus Foundation to advance regenerative agriculture and carbon insetting programmes across its estates. The Memorandum of Understanding (MoU), signed alongside other plantation sector companies, represents the next phase in the […]
MAS Holdings launches ‘Plan for Change 2030’,towards more sustainable apparel industry
South Asia’s largest apparel-tech conglomerate, MAS Holdings, launched its Plan for Change 2030 at a special event held at Cinnamon Life, Colombo on 09 October 2025. The launch marks an important new chapter in the company’s sustainability journey, outlining an ambitious roadmap to reshape the future of apparel through measurable commitments across Product, Lives, and […]