Category: Companies
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 […]
Macktiles Lanka makes history as first to achieve real porcelain perfection with 100pct SL minerals
In a singular moment that rewrites the narrative of global manufacturing excellence, Macktiles Lanka (Private) Limited has achieved what was once considered impossible: creating authentic real porcelain tiles using exclusively Sri Lankan minerals. The island’s extraordinary geological wealth has now proven its potential extends far beyond traditional applications, with Macktiles unlocking the manufacturing capabilities of […]
The Once and Future Industrial Northern Province
By Jekhan Aruliah The Chamber of Commerce and Industries of Yarlparnam, CCIY, was born in the short period of optimism in 1999. When the Sri Lankan Civil War, at that time already aflame for 16 years, seemed to be heading toward a settlement. Opposing sides were sitting at the same negotiating table. That optimism was […]
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, […]
Pan Asia Bank felicitated for exemplary professionalism by the Central Bank of Bangladesh
In a ceremony at Bangladesh Bank headquarters in Motijheel recently, officials from Sri Lanka’s Pan Asia Banking Corporation (PABC) received high praise for thwarting a major cyber fraud aimed at siphoning US $20 million from Bangladesh Bank’s account at the Federal Reserve Bank of New York. Bangladesh Bank Governor Dr Ahsan H. Mansur led the honour, […]
The future of electric driving has arrived
Electric cars are no longer just about saving fuel or reducing emissions. They’re quickly becoming the new standard for luxury, technology, and smart mobility. And two new models are making waves for all the right reasons. Quietly referred to as the IM5 and IM6, these next-generation sedans are changing how we think about driving. A […]
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 […]
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 […]
“The Gathering of Giants” returns for 2025 at Cinnamon Habarana
Cinnamon Hotels & Resorts, in collaboration with Cinnamon Nature Trails and in valued partnership with Seylan Bank, is honoured to announce the return of The Gathering of Giants—a pioneer conservation initiative set to take place from 25 to 27 July 2025 at Cinnamon Habarana Complex. Rooted in a deep respect for Sri Lanka’s natural heritage, […]