Author: LBO Admin
CDS and Sampath Bank sign MOU to Streamline Foreign Investor Onboarding through Digital Integration
The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE), signed a Memorandum of Understanding (MoU) with Sampath Bank PLC to enhance the facilitation of Inward Investment Accounts (IIAs) for non-resident foreign individuals (FIs) in Sri Lanka. The CDS serves as the depository and custodian for securities traded […]
Range of Global Geopolitical Risk Scenarios is Widening: Fitch Ratings
Rapid shifts in foreign policy positions and a more bilateral and transactional US foreign policy may contribute to global geopolitical volatility in the next few years, amplifying uncertainty in geostrategic hotspots, says Fitch Ratings. Geopolitics has become an increasingly relevant risk for global credit, with rising geostrategic competition between the US and China, the Russian […]
Port City Colombo Commemorates Tenant Handover Of The Business Centre
Port City Colombo commemorated the formal handover of office space to key anchor tenants with a special ceremony, which was held on 30th May 2025. The event was graced by the presence of Mr. Chen Zhong, Deputy General Manager, China Communications Construction Group, Mr. Harsha Amarasekera, Chairman, the Colombo Port City Economic Commission, Mr. Bai […]
CAL Marks Key Milestone with Listing on the Colombo Stock Exchange
The shares of Capital Alliance Holdings Limited (CODE: CALH-N-0000) commenced trading on the Colombo Stock Exchange (CSE) on 30th May 2025. The shares are listed on the Main Board of the CSE under the ‘Diversified Financials’ sector. The occasion was marked with a special Bell Ringing Ceremony. The Company’s Offer for Subscription of 157,500,000 ordinary […]
PickMe Delivers Rs. 1.17 bn PAT for FY2024/25 — Stellar First Full-Year Results Post-IPO
PickMe announced its financial results for the fiscal year ended 31 March 2025, reporting a Profit After Tax (PAT) of Rs. 1.17 billion, marking a 72% year-on-year increase. The Company also recorded its strongest quarterly performance to date, with accelerated growth across both revenue and profitability metrics. Group revenue grew by 49% to Rs. 5.8 […]
Sri Lanka’s liquid gold: The evolving story of pure Ceylon tea
The world recently celebrated International Tea Day on 21 May 2025 under the theme “Bringing people together over a cup of tea.” The day aims to raise awareness of tea’s long history and its deep cultural and economic significance worldwide, promoting collective action for sustainable production and consumption while highlighting tea’s fundamental role in uplifting […]
Discussion Focused on a Long-Term Industrial Development Strategy to Overcome Export Barriers
A discussion on the challenges facing Sri Lanka’s export industry was held this morning (28) at the Presidential Secretariat, under the patronage of President Anura Kumara Disanayake. The meeting brought together heads of institutions under the Ministry of Industry and Entrepreneurship Development, as well as officials from the Ministry of Finance and Planning. The discussion […]
Korean Ambassador Explores Investment Opportunities at Hambantota Intl. Port
The Ambassador for the Republic of Korea in Sri Lanka, Ms. Miyon Lee visited the Hambantota International Port (HIP), in late May, to explore potential business collaborations and assess the port’s operational capabilities for Korean investment and trade. During a guided tour of HIP’s state-of-the-art facilities, the Ambassador and her entourage comprising Deputy Head of […]
Alibaba.com’s Export Strategist to Guide Sri Lankan SMEs on Expanding Global Footprint
The Ceylon Chamber of Commerce will host a special session on May 29th featuring a high-level executive from Alibaba.com, aimed at helping Sri Lankan Small and Medium Enterprises (SMEs) expand their global footprint and tap into new overseas markets. The session will be conducted by Ma Haobo, Business Development Manager at Alibaba.com, who has supported […]
UK Trade Envoy on inaugural visit to Sri Lanka
The UK Prime Minister’s Trade Envoy for Sri Lanka, Lord Hannett of Everton, is visiting Colombo from 25th-28th May. This is his first visit to Sri Lanka since he was appointed in January 2025. Lord Hannett will meet with the Minister of Trade, Commerce, Food Security and Cooperative Development Hon. Wasantha Samarasinghe, Deputy Minister for […]
Strong April 2025 performance of Sri Lanka’s Apparel sector; JAAF
Sri Lanka’s apparel industry recorded an encouraging 15.14% year-on-year growth in April 2025, reflecting a notable rebound in demand from major global markets. According to data released by the Joint Apparel Association Forum (JAAF), exports to the EU (excluding the UK) surged by an impressive 27.04%, while shipments to the USA and UK grew by […]
Sri Lanka’s Exports Surge to USD 5.5 Billion in First Four Months of 2025
Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first four months of 2025, with total exports reaching US$ 5,583.25 Mn, marking a robust 6.9% increase compared to the same period in 2024. This upward trend reflects renewed momentum across key industries and underscores the sector’s adaptability in an evolving global trade […]