Category: Industry
Mahindra Ideal Finance records 204-pct growth in PBT to Rs. 477Mn for H1 FY26
Mahindra Ideal Finance Limited (MIFL) has delivered strong growth in income and profits during the six months ended 30th September 2025 (H1 FY26), fueled by a rapid expansion in its multi-brand vehicle financing portfolio. Total Income for the period rose by 47% Year-on-Year (YoY) up to Rs. 1.85 billion, while Profit Before Tax (PBT) increased […]
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 […]
ADB approves USD100 Mn to strengthen macroeconomic resilience, transparency in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million financing package to build on Sri Lanka’s progress toward macroeconomic stability and to help achieve sustainable growth following the economic crisis. This will be done by strengthening public expenditure management, improving revenue mobilization, and fostering private sector participation. “Sri Lanka has made commendable progress in […]
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 […]
U.S. Embassy Delegation Visits Hambantota International Port
A high-level delegation from the Embassy of the United States in Sri Lanka made a courtesy call to Hambantota International Port (HIP) recently. The delegation, led by Ms Jayne Howell, Deputy Chief of Mission at the U.S. Embassy, also included Dustin R. Bickel, Regional Indo-Pacific Strategy Coordinator, Lieutenant Colonel Matthew House, Senior Defence Official, and […]
WCIC’s 40th anniversary celebrations continue with empowering future female entrepreneurs workshop
As part of its year-long 40th Anniversary celebrations, the Women’s Chamber of Industry and Commerce (WCIC) hosted another flagship initiative, Empowering Future Female Entrepreneurs, at Trace Expert City. The event brought together 60 ambitious female undergraduates from 16 universities across Sri Lanka for a full day of learning, mentorship, and inspiration. The program is one […]
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 […]
Social Media’s role in STEM and safe digital engagement
By Umais Naveed When I first encountered social media many years ago, it was largely known as a space for creativity and connection; a place where people came together through short videos, memes, and global trends. What has truly inspired me since then is how that same creative energy has evolved into something far more […]
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 […]
Commercial Bank of Ceylon Leadership Meets Bangladesh Bank Governor to Deepen Regional Ties
The corporate leadership of Commercial Bank of Ceylon, led by Mr Sharhan Muhseen, Chairman and Mr Sanath Manatunge, Managing Director/Chief Executive Officer, recently visited the Bank’s operations in Bangladesh and met with Dr Ahsan H. Mansur, Governor of Bangladesh Bank, in Dhaka. Discussions at the meeting centred on the nation’s financial stability and policy direction, […]
Singer unveils HONOR magic V5
Singer Sri Lanka PLC is redefining the premium smartphone experience with the launch of the HONOR Magic V5, the brand’s most advanced foldable flagship to date. Designed to merge artistry, intelligence, and performance, the model introduces a new era of mobility, enabling users to unlock productivity and creativity like never before. The HONOR Magic V5 […]
Jaffna named among the Best Cities to Visit in 2026
The global travel media giant Lonely Planet has announced its prestigious annual list of destinations under the “Best in Travel 2026” publication, naming Jaffna among the Best Cities to Visit in 2026. This recognition marks a significant milestone for Sri Lanka, reaffirming the country’s growing appeal as a diverse, authentic and sustainable travel destination. The […]