Author: LBO Admin
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 […]
Montana National Guard Signs MOU with SL Armed Forces Under State Partnership Program
Today, at the Ministry of Defense, the United States and Sri Lanka signed a Memorandum of Understanding (MOU) formalizing the defense partnership between the Montana National Guard, the U.S. Coast Guard District 13, and the Sri Lanka Armed Forces under the Department of War’s State Partnership Program (SPP). U.S. Ambassador Julie Chung, Adjutant General of […]
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 […]
FAO & Ministry of Fisheries Launch SL’s First Digital Platform for Smart & Sustainable Shrimp Aquaculture
The Food and Agriculture Organization of the United Nations (FAO), in collaboration with the Ministry of Fisheries, Aquatic and Ocean Resources and the National Aquaculture Development Authority (NAQDA), launched the Shrimp Industry Information System (SIIS) – Sri Lanka’s first-ever integrated digital platform for the aquaculture sector. Developed under the FAO-led project “Smart and Sustainable Aquaculture […]
Agreement signed for Port City’s first Commercial Office Development, the iconic Colombo Gateway
In Colombo, a new era of modern office infrastructure is set to begin at Port City Colombo with the development of Colombo Gateway Tower One, led by a consortium of investors spearheaded by Canary Wharf Holdings Pte Ltd based in Singapore. Canary Wharf is the development arm of Investment Advisory firm Platinum Advisors Pte Ltd, […]
CSE Signs MOU with Seylan Bank PLC to Streamline Foreign Investment
The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Seylan Bank PLC to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident Sri Lankans and Foreign Individuals (FIs) who wish to open CDS accounts through the CSE Mobile App. […]
NVQ Level 4 accreditation for Barista, Setting new benchmark in coffee education
Barista Coffee Lanka (Pvt) Ltd proudly announced that it has been awarded National Vocational Qualification (NVQ) Level 04 accreditation under the Tertiary and Vocational Education Commission (TVEC). The NVQ Level 04Barista Training Program, the first of its kind in Sri Lanka, was conceptualized, co-created, and fully funded by Barista. This achievement underscores the company’s long-term […]
KiddieCove Academy: Two sisters, one vision, transforming early childhood education
KiddieCove Preschool and Daycare is rapidly establishing itself as a leading provider of early childhood education across Sri Lanka, with flourishing branches in Thalawathugoda, Malabe, and Mount Lavinia. Founded by sisters Naduni and Esha Samarakoon, KiddieCove offers a safe, nurturing, and innovative learning environment where children embark on their educational journey through exploration and creativity. […]
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 […]
Sri Lanka’s Budget Sticks to Fiscal Consolidation Path: Fitch Ratings
The Sri Lankan government’s latest budget indicates that the authorities remain committed to reducing government debt/GDP over the medium term after beating their targets in the 2025 budget. Fitch Ratings believes sustained strong revenue performance will remain key to meeting the government’s fiscal goals. The budget, unveiled on 7 November, targets a deficit of 5.1% […]