Author: LBO Admin
Pelwatte Dairy Launches First-Ever Pension Scheme for Sri Lankan Dairy Farmers
In a historic move that redefines rural financial security, Pelwatte Dairy Industries has announced the launch of Sri Lanka’s first pension scheme for dairy farmers, reinforcing its commitment to both national self-sufficiency and the welfare of the farming community. Pelwatte Dairy, one of Sri Lanka’s foremost homegrown dairy brands, has long been a pillar in […]
PUCSL Announces 15-pct Overall Electricity Tariff Increase Effective Tonight
The Public Utilities Commission of Sri Lanka (PUCSL) announced today a 15% increase in electricity tariffs, effective from June 12, 2025. This decision follows a comprehensive review of utility bills and public feedback submitted by the Ceylon Electricity Board for the June to September 2025 period. Despite this immediate increase, the PUCSL emphasizes that the […]
Global Economy Set for Weakest Run Since 2008 Outside of Recessions: World Bank
Heightened trade tensions and policy uncertainty are expected to drive global growth down this year to its slowest pace since 2008 outside of outright global recessions, according to the World Bank’s latest Global Economic Prospects report. The turmoil has resulted in growth forecasts being cut in nearly 70% of all economies—across all regions and income groups. Global […]
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 […]
President to undertake an official visit to Berlin, Germany
President Anura Kumara Disanayaka will undertake an official visit to the Federal Republic of Germany from 11 to 13 June 2025 on the invitation of the President of Germany, Frank-Walter Steinmeier. During this visit President Disanayaka will hold bilateral discussions with the President of Germany, key ministers of the Federal Government and other dignitaries to […]
Ceylon Chamber to Host High-Level Business Delegation from Bangladesh for Trade & Investment Talks
The Ceylon Chamber of Commerce, in collaboration with the Sri Lanka – Bangladesh Business Council, will host a visiting business delegation from the Dhaka Chamber of Commerce & Industry (DCCI), Bangladesh, on 17 June 2025 at the Hilton Colombo Residence. The delegation comprises 24 representatives from 22 Bangladeshi companies, spanning a wide range of sectors […]
‘s impeachment
An intense public feud erupted between President Donald Trump and his one-time ally, billionaire Elon Musk, with an argument about Trump’s massive tax and domestic policy bill raging across social media and in the Oval Office.
Amana Takaful General PLC and Seylan Bank PLC Forge Game-Changing Bancassurance Alliance
In a significant move to reshape the landscape of insurance accessibility in Sri Lanka, Amana Takaful General PLC, one of the nation’s fastest-growing insurance providers, has entered into a strategic bancassurance agreement with Seylan Bank PLC, a trusted name among Sri Lankan banks. The partnership marks a milestone in customer-centric innovation, allowing Seylan Bank customers […]
Port City Colombo & University Of Moratuwa Host First-ever ‘smart City Ideathon’ To Advance Urban Innovation
Port City Colombo, in collaboration with the Department of Town and Country Planning of the University of Moratuwa, has launched the inaugural “Smart City Ideathon: Innovate, Plan, and Transform Urban Futures of Port City Colombo” workshop. Hosted at the Sales Gallery, the pioneering initiative aims to explore innovative and practical approaches to urban planning, design, […]
Navigating Global Trade Shifts: Sri Lanka Exports for Global Success
By Shiran Fernando Chief Economic Policy Advisor at The Ceylon Chamber of Commerce Sri Lanka has weathered a relentless succession of economic shocks in recent years. The turmoil began with the constitutional crisis in 2018, followed by the tragic Easter Sunday attacks in 2019. As the country began charting a path to recovery, the COVID-19 […]
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. […]
Transforming Sri Lanka: Paving the path from traditional to digital economy
The Old Boys’ Association (OBA) of Maris Stella College, Negombo, proudly announces the upcoming edition of its flagship annual College Day oration and panel discussion, Maris Panorama 2025, scheduled to take place on 6th June 2025, from 5:30 PM to 7:30 PM at Hotel Grandeeza, Negombo. Recognized as a nationally relevant platform for discourse on […]