Category: Featured
Pan Asia Bank posts PAT of over Rs. 2.1Bn for 1H2025; Increase of 110-pct
Operating Profit before Taxes on Financial Services – Rs. 3.83 billion, up by 40% Profit before Tax – Rs. 2.91 billion, up by 46% Profit after Tax – Rs. 2.15 billion, up by 110% Total Assets grow by Rs. 18 billion, up by 7% Net Interest Income – Rs. 6.27 billion, up by 7% Net […]
John Keells CG Auto responds to BYD vehicle claims, Reaffirms compliance and transparency
In response to recent public discourse surrounding a consignment of BYD electric vehicles held at Sri Lanka Customs, John Keells CG Auto (Pvt) Ltd (JKCG Auto), the official distributor of BYD in Sri Lanka, has issued a statement clarifying its position and reiterating its full compliance with all local regulatory requirements. The situation involves select […]
SLAEA hosts high-level forum on EU CSDDD: Strengthening sustainable trade through compliance
The Sri Lanka Apparel Exporters Association (SLAEA) hosted a high- level industry forum on July 9 at the Jetwing Hotel in Colombo 07, bringing together a diverse group of stakeholders to explore the growing relevance of the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD). Designed to strengthen awareness and preparedness, the session focused on […]
JKH records strong performance in Q1 2025/26; EBITDA of Rs.12.97 billion
EBITDA includes interest income and the share of results of equity accounted investees which is based on the share of profit after tax but excludes all impacts from foreign currency exchange gains and losses (other than for equity accounted associates), to demonstrate the underlying cash operational performance of businesses. EBITDA (Rs.’000) Summarised below are the […]
Sri Lanka’s Plantation sector sounds alarm over 30% U.S. tariff
The Planters’ Association of Ceylon (PA) has expressed grave concern over the United States’ decision to impose a 30% tariff on Sri Lankan tea and rubber exports, set to take effect from August 1st. The Association warns that this move could devastate two of Sri Lanka’s most historic and employment-intensive sectors, tea and rubber undermining […]
Sri Lanka’s Textile and Apparel sector strengthens ESG transparency with new GRI-backed initiative
A new sustainability initiative is set to enhance the resilience, competitiveness, and global standing of Sri Lanka’s apparel sector. The Improving Transparency for Sustainable Business (ITSB) programme, jointly launched by the Global Reporting Initiative (GRI) South Asia, the Sustainable Development Council (SDC) of Sri Lanka, Sri Lanka Export Development Board (EDB) and the Joint Apparel […]
Trinasolar partners Solaris Energy to deliver 25MWp of utility-scale solar across Sri Lanka
Trinasolar, a global leader in smart PV and energy storage solutions, signed a Memorandum of Understanding (MOU) with Solaris Energy (Pvt) Ltd., a leading solar distributor in Sri Lanka, to collaborate on the supply and deployment of 25 megawatt-peak (MWp) of solar modules across the country. The agreement was formalized at SNEC 2025 in Shanghai, […]
Softlogic Life completes 100% acquisition of Allianz Life Insurance Lanka Ltd
Softlogic Life Insurance PLC has successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Limited (Life Business), following the receipt of regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction marks a significant milestone, following the initial announcement on 26th March 2025. Softlogic Life recorded Gross […]
Exporters warn against backdoor charges, urge Government to uphold transparent trade practices
The Joint Chambers of Commerce today urged the Government of Sri Lanka to engage in meaningful consultation with all recognized industry chambers before making decisions that directly impact trade, exports, and the wider economy. The call comes in response to renewed lobbying efforts by certain shipping agents and intermediaries seeking to reintroduce anti-competitive terminal handling […]
EFutures honoured with dual wins at SLASSCOM National Ingenuity Awards
EFutures, a leading Sri Lankan software product engineering company, has been recognised with two prestigious honours at the SLASSCOM National Ingenuity Awards 2025, winning Best Innovative Product – Transportation and Logistics at both the Western Provincial and National levels. Presented by SLASSCOM, the national chamber for Sri Lanka’s IT and BPM industry, the annual awards […]
Shah Rukh Khan to grace grand opening of City of Dreams Sri Lanka
Get ready, South Asia! The undisputed King of Bollywood, Shah Rukh Khan, is set to make a spectacular visit to Sri Lanka, gracing the highly anticipated grand opening of City of Dreams Sri Lanka on August 2, 2025, as special guest. Popularly regarded as “King Khan”, the presence of the multi-award-winning superstar at the by- […]
Why Sri Lanka needs a smarter approach to tobacco tax policy
Sri Lanka’s tobacco taxation strategy is facing renewed scrutiny as authorities navigate the dual priorities of public health and revenue generation. Central to recent tobacco tax policy discussions is the Tobacco Excise Tax Simulation Model (TETSiM)—a policy planning tool promoted by the World Health Organization (WHO) and adopted in several countries to project how adjustments […]