Category: Industry
ComBank becomes the first Sri Lankan bank to cross USD 1 Bn. in market cap
Rings ceremonial bell at Colombo Stock Exchange to celebrate milestone The Commercial Bank of Ceylon PLC’s milestone of becoming the first bank in Sri Lanka with a market capitalisation of more than US$ 1 billion was celebrated at the Colombo Stock Exchange (CSE), where the Bank was invited to ring the ceremonial bell. Commercial Bank […]
Global Dialogue Forum gathers World leaders in Colombo on AI, energy, food & cybersecurity
Global Dialogue Forum (GDF) partnering Club of Rome’s India affiliate, is hosting a unique international conclave at the Galle Face Hotel, Colombo, bringing together leading global experts, policy framers, decision makers to explore the frontiers Artificial Intelligence (Ai) can breach to overcome challenges in green energy, food security and cyber security. It differs from the […]
Sri Lanka’s property market gains spotlight with Minoli Wickramasinghe on global stage
Minoli Wickramasinghe, Managing Director of Capital Trust Properties, recently represented Sri Lanka at two major international real estate forums in Singapore, spotlighting the nation’s evolving investment landscape and resurgence as a regional property destination. At the APAC Forum 2025, hosted by Leading Real Estate Companies of the World® (LeadingRE) under the theme “Connecting Beyond Borders”, […]
Mahindra Ideal Finance rolls out revolving credit solution for multi brand vehicle importers and SMEs
Mahindra Ideal Finance Ltd. (MIFL), one of Sri Lanka’s fastest growing finance company, today announced the launch of the MIFL Revolving Business Loan – a customized loan facility designed to address the short-term working capital needs of multi brand vehicle importers and other SME business owners across the country. The MIFL Revolving Loan product has […]
Maersk Line Strengthens Ties with SLPA Terminals; Signs Three-Year Terminal Service Agreement
In a significant step toward strengthening Sri Lanka’s position as a regional maritime hub, Maersk Line has signed a three-year Terminal Service Agreement (TSA) with the Sri Lanka Ports Authority (SLPA). The agreement is expected to foster business growth, enhance operational efficiency, and pave the way for stronger collaboration between the global shipping leader and […]
Interview: Sri Lanka’s real estate sector continues to attract top-tier FDI
According to the real estate research division of the Research Intelligence Unit, the island’s real estate sector is currently experiencing a revival in foreign investor interest. Herein, we take great pleasure in conducting an exclusive interview with Tristan Wu, Country Head / Director of BailiInvestments.Lanka Pvt Ltd. Can you explain the inspiration behind what will […]
BOI seals landmark USD 171 Mn investment with CEAT OHT Lanka
Agreement formalises one of the largest Indian investments in Sri Lanka’s manufacturing sector Investment will expand Off-Highway Tyre (OHT) and Tracks manufacturing capacity in Sri Lanka Facilities at Midigama and Kotugoda to focus on export-led production of tyres and tracks for compact construction equipment Job security assured for 1483 employees through Tripartite MoU Investment strengthens […]
Ambeon Strengthens Portfolio Through Strategic Hospitality Investments
Strengthens growth strategy through equity stakes in Iconic Sri Lankan hotel companies – The Kandy Hotels Company PLC and The Ceylon Hotels Corporation PLC Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, today announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in […]
Committee to probe irregularities at AASL & SriLankan Airlines invites public input
The Presidential Special Investigation Committee, established to probe into past fraud, corruption and malpractices at Airport and Aviation Services (Sri Lanka) (Private) Limited and SriLankan Airlines, invites complaints, views, and proposals from the public. In accordance with Cabinet Decision No. 25/1145/801/018 dated July 1, 2025, based on the Cabinet Memorandum submitted by President Anura Kumara […]
New Zealand High Commissioner Explores Opportunities at Hambantota International Port
New Zealand High Commissioner to Sri Lanka, David Gregory Pine, visited the Hambantota International Port (HIP) on August 11, 2025, to gain firsthand knowledge on its development and growing international relevance. Accompanying him was Rasika Sumudhu Jayasinghe, Policy Adviser at the High Commission. The delegation was taken on a tour of HIP’s state-of-the-art facilities and […]
EDB-JICA Partnership Extended to Boost Sri Lanka’s ICT/BPM Growth in Japanese Market
Sri Lanka Export Development Board (EDB) and the Japan International Cooperation Agency (JICA) have established a strategic partnership to strengthen the Sri Lankan ICT/BPM sector within the Japanese market. Started in 2024, this initiative supports 30 Sri Lankan SME ICT/BPM companies and startups over a period of two years by providing market intelligence, business coaching, […]
| Why 95-pct of GenAI Projects Are Failing
Artificial Intelligence was supposed to be capitalism’s golden goose — rewriting emails, reinventing customer service, and reshaping entire economies. But a new MIT study says 95% of enterprise AI pilots fail to deliver meaningful revenue. Instead of breakthroughs, most companies end up with expensive dashboards and endless beta tests. T he hype cycle feels eerily […]