Category: Companies
Sri Lanka launches National Climate Finance Strategy to drive resilience and net zero transition
As the global climate crisis intensifies, countries like Sri Lanka are grappling with the dual challenge of managing climate risks while financing a just transition. With climate-related damages exceeding LKR 50 billion annually,[1] financing climate action is central to Sri Lanka’s development agenda. Led by the Ministry of Finance, in collaboration with the United Nations Development […]
RIUNIT apartment market analysis: Colombo 5 shines
When conducting the latest analysis of real estate data (Q3 2025), one of the most positive observations that can be made is with respect to the recovery of the apartment market prices in Colombo measured in USD. Whilst average apartment prices, measured in LKR continued to witness an upward incline, even during COVID and the […]
EDB “Trade Facilitation Task Force” Convenes to Enhance Export Efficiency
As a strategic step towards developing a mechanism to address challenges in the export value chain, the Export Development Board (EDB) has established a Trade Facilitation Task Force, which held its second networking session today (October 14) at the Export Development Board. The event was attended by Mr. Mangala Wijesinghe, Chairman and Chief Executive Officer […]
LMD 100 recognises Hayleys as Sri Lanka’s leading listed corporate for 2024/25
Tops ‘Sri Lanka’s version of the Fortune 500’ for the 10th time Contribution of 5.4% to national export income in 2024-25 ‘AAA (lka)’ National Long-Term (with a stable outlook) by Fitch Ratings for 2025 Hayleys PLC has been ranked as Sri Lanka’s leading listed corporate in the 32nd edition of the LMD 100, […]
Opinion: A safer digital space for Sri Lankan young minds to learn, explore and create
By Ferdous Mottakin, Head of Public Policy & Government Relations for SouthAsia at TikTok When I think about the potential of digital platforms, I don’t see them as just platforms for trends or entertainment. I see them as potential bridges for connecting young minds with each other to share ideas, knowledge, and opportunities. In Sri […]
”’ National Rating
Fitch Ratings has assigned Sri Lanka-based Hayleys Fentons Limited (HFL) a National Long-Term Rating of A+(lka). The Outlook is Stable. The rating reflects HFL’s leading market share in domestic rooftop solar panel sales and installation, which drove cash flow in the financial year ending March 2025 (FY25), alongside slowing growth amid regulatory risks. Diversification into […]
JAAF stresses need for proven VAT refund system to safeguard export stability post-SVAT
The Joint Apparel Association Forum (JAAF) today reaffirmed its commitment to working with government authorities as Sri Lanka prepares to remove the Simplified Value Added Tax (SVAT) scheme on 1st October. While emphasising that the removal of SVAT is now inevitable, JAAF noted that the industry has been in continuous dialogue with policymakers on the […]
HNB felicitates employees who completed 25 years of service
Sri Lanka’s leading private sector bank, HNB PLC organized a ceremony recently to felicitate their employees who completed 25 years of service at the Bank. HNB organized a gala event to recognize 160 employees who had joined in 1999/2000. This highly anticipated event was attended by HNB Managing Director and CEO Damith Pallewatte, SVP/Chief Human […]
TikTok launches dedicated STEM Feed in Sri Lanka with Govt support
TikTok, with the support of the Government of Sri Lanka, today announced the launch of a dedicated STEM Feed in the country, creating a new in-app destination for credible science, technology, engineering and mathematics content. This initiative signals a new era where TikTok, together with the Government and its vibrant Sri Lankan community, will come […]
Advocata Commends Decision to Close 33 Non-Operational SOEs & Calls for Divestiture as Next Step
The Advocata Institute welcomes the decision by the Cabinet of Ministers, on the proposal of President Anura Kumara Dissanayake in his capacity as Minister of Finance, Economic Stabilization and National Policy, to formally close 33 non-operational State-Owned Enterprises (SOEs) under Phase 2 of the government’s state-sector reform program. The move, to be implemented through a […]
MAS bags major honours at Mercantile Badminton Tournament
In a show of ultimate brilliance, Team MAS led by their captain Randika Fernando let the shuttle do the talking as they displayed amazing sporting spirit and stamped their authority at the recently concluded Mercantile Badminton Tournament clinching a Grand Slam Championship title and a Bowl Championship 2 nd Runners-up spot during the multi-day tourney […]
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 […]