Category: Featured
Sri Lanka’s Plantation sector sounds alarm over 30% U.S. tariff
The Planters’ Association of Ceylon (PA) has expressed grave concern over the United States’ decision to impose a 30% tariff on Sri Lankan tea and rubber exports, set to take effect from August 1st. The Association warns that this move could devastate two of Sri Lanka’s most historic and employment-intensive sectors, tea and rubber undermining […]
Sri Lanka’s Textile and Apparel sector strengthens ESG transparency with new GRI-backed initiative
A new sustainability initiative is set to enhance the resilience, competitiveness, and global standing of Sri Lanka’s apparel sector. The Improving Transparency for Sustainable Business (ITSB) programme, jointly launched by the Global Reporting Initiative (GRI) South Asia, the Sustainable Development Council (SDC) of Sri Lanka, Sri Lanka Export Development Board (EDB) and the Joint Apparel […]
Trinasolar partners Solaris Energy to deliver 25MWp of utility-scale solar across Sri Lanka
Trinasolar, a global leader in smart PV and energy storage solutions, signed a Memorandum of Understanding (MOU) with Solaris Energy (Pvt) Ltd., a leading solar distributor in Sri Lanka, to collaborate on the supply and deployment of 25 megawatt-peak (MWp) of solar modules across the country. The agreement was formalized at SNEC 2025 in Shanghai, […]
Softlogic Life completes 100% acquisition of Allianz Life Insurance Lanka Ltd
Softlogic Life Insurance PLC has successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Limited (Life Business), following the receipt of regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction marks a significant milestone, following the initial announcement on 26th March 2025. Softlogic Life recorded Gross […]
Exporters warn against backdoor charges, urge Government to uphold transparent trade practices
The Joint Chambers of Commerce today urged the Government of Sri Lanka to engage in meaningful consultation with all recognized industry chambers before making decisions that directly impact trade, exports, and the wider economy. The call comes in response to renewed lobbying efforts by certain shipping agents and intermediaries seeking to reintroduce anti-competitive terminal handling […]
EFutures honoured with dual wins at SLASSCOM National Ingenuity Awards
EFutures, a leading Sri Lankan software product engineering company, has been recognised with two prestigious honours at the SLASSCOM National Ingenuity Awards 2025, winning Best Innovative Product – Transportation and Logistics at both the Western Provincial and National levels. Presented by SLASSCOM, the national chamber for Sri Lanka’s IT and BPM industry, the annual awards […]
Shah Rukh Khan to grace grand opening of City of Dreams Sri Lanka
Get ready, South Asia! The undisputed King of Bollywood, Shah Rukh Khan, is set to make a spectacular visit to Sri Lanka, gracing the highly anticipated grand opening of City of Dreams Sri Lanka on August 2, 2025, as special guest. Popularly regarded as “King Khan”, the presence of the multi-award-winning superstar at the by- […]
Why Sri Lanka needs a smarter approach to tobacco tax policy
Sri Lanka’s tobacco taxation strategy is facing renewed scrutiny as authorities navigate the dual priorities of public health and revenue generation. Central to recent tobacco tax policy discussions is the Tobacco Excise Tax Simulation Model (TETSiM)—a policy planning tool promoted by the World Health Organization (WHO) and adopted in several countries to project how adjustments […]
“The Gathering of Giants” returns for 2025 at Cinnamon Habarana
Cinnamon Hotels & Resorts, in collaboration with Cinnamon Nature Trails and in valued partnership with Seylan Bank, is honoured to announce the return of The Gathering of Giants—a pioneer conservation initiative set to take place from 25 to 27 July 2025 at Cinnamon Habarana Complex. Rooted in a deep respect for Sri Lanka’s natural heritage, […]
Colombo’s evolving retail landscape: A vision for Rajagiriya
In the last few decades, Colombo’s skyline has been steadily reshaped by the rise of shopping malls, architectural symbols of economic aspiration, and urban transformation. From the modest beginnings of Liberty Plaza in the 1980s to the ambitious scale of One Galle Face , Colombo City Center and Cinnamon Life, malls have become embedded in […]
CIC Holdings delivers resilient FY25 results with 9-pct topline growth
Agriculture-rich diversified conglomerate CIC Holdings PLC (CSE: CIC) recorded steady revenue growth during the year ended 31 March 2025 (FY25), navigating macroeconomic headwinds and intense competition. The Group posted consolidated revenue of Rs. 83.3 billion, reflecting a 9.0% year-on-year (YoY) growth, driven by broad-based momentum across its core businesses. Group gross profit rose to Rs. […]
Samsung Sri Lanka unveils One UI 8 beta program: Pioneering AI for new Galaxy foldables
Samsung Electronics has officially announced the launch of its One UI 8 Beta Program, marking the dawn of a new generation in mobile software intelligence. Sri Lankan users can look forward to a revolutionary AI experience with the upcoming One UI 8, designed to redefine how Galaxy devices interact with their users. This first-generation upgrade […]