Category: Company
Sri Lanka International Insurance Summit 2026 advances regional dialogue on resilience, inclusion and insurance innovation
The Sri Lanka International Insurance Summit 2026 concluded in Colombo following three days of high-level discussions focused on strengthening the role of insurance in building economic confidence, protecting communities and supporting sustainable growth amid an increasingly complex global risk environment. Organised by the Insurance Association of Sri Lanka, the second edition of SLIIS was held […]
Adaptive resilience: Malwatte Valley harnesses tech and innovation to redefine plantation productivity
Since inception the plantation industry has served as a central pillar of the Sri Lankan economy. Tea in particular has been the lynchpin of the industry. Especially for globally renowned Regional Plantation Companies (RPCs) like Malwatte Valley Plantations PLC, whose teas are possessed of a globally unique terroir that emerges from the soil, elevation and […]
Aitken Spence begins with strong momentum in Q1 FY 2026/27, as PBT rises 74% to Rs. 1.74 Bn
Aitken Spence PLC, with a portfolio spanning diverse industries and geographies, began the financial year 2026/27 with strong earnings momentum, recording a 74% increase in Group Profit Before Tax (PBT) to Rs. 1.7 billion for the quarter ended June 30, 2026. Profit After Tax (PAT) increased by 158% to Rs. 1.0 billion, while Group EBITDA […]
Hemas Enters East Africa, Strengthening Its International Footprint
Ashish Chandra CEO Hemas Group and Sabrina Esufally, Managing Director Hemas Consumer Brands Acquisition of Kenya’s Twiga Stationers strengthens Consumer Brands portfolio and creates platform for regional growth Hemas Holdings PLC, one of Sri Lanka’s leading diversified conglomerates, announces its entry into East Africa through the acquisition of a majority stake in Twiga Stationers & […]
From cane field to finished product: The value chain powering Gal Oya
In the fields around Ampara, sugarcane begins as a rural crop. By the time it has moved through theGal Oya Plantations complex, however, it has become far more than sugar. The cane juice is processed for the domestic market. The fibre helps generate steam and electricity. Molasses is converted into Extra Neutral Alcohol. Fermentation creates […]
First Capital Fixed Income Fund Delivers Highest 5-Year CAGR Among Open-Ended Income Funds in Sri Lanka
First Capital Asset Management Limited (FCAM), the wealth management arm of First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group), has enhanced its unit trust offering through the First Capital Fixed Income Fund (FCFIF), further widening access to investment opportunities and making professionally managed unit trusts more accessible to investors with diverse financial and […]
Xiaomi Sri Lanka and Raffealla Fernando showcases “The Art of Telephoto” with the Xiaomi 17T
Xiaomi Sri Lanka hosted “The Art of Telephoto,” a Leica-powered photography exhibition at One Galle Face Mall, Level 02, bringing together creativity, fashion, visual storytelling and smartphone photography in an engaging experience for guests and photography enthusiasts. Held in collaboration with renowned Sri Lankan creative personality Raffealla Fernando, the exhibition presented a curated collection of […]
Ceylon Chamber Expresses Concern Over New US Labour-Related Tariffs and Calls for Urgent Engagement
The Ceylon Chamber of Commerce is concerned by the announcement of new labour-related tariffs by the United States on several countries, including a proposed 12.5% tariff on exports from Sri Lanka. This development comes at a time when Sri Lanka was continuing discussions with the US following the suspension of the previously announced reciprocal tariffs […]
MIFL records PBT of LKR 818Mn in FY 2025-26, up 193-pct YoY
Mahindra Ideal Finance Ltd. (MIFL) reported its strongest ever financial performance in the year ended 31 March 2026, recording significant growth across profitability, lending volumes, and operational efficiency. The company posted a Profit Before Tax (PBT) of LKR 818 million, reflecting a 193% Year-on-Year (YoY) increase, while Profit After Tax (PAT) rose to LKR 478 […]
Emerald Clothing Steps into Acquiring Selected HelaFactories, Safeguarding Jobs and Sri Lanka’s Export Base
Emerald Clothing (Pvt) Ltd has stepped in to secure the continuity of key operations previously run by Hela Clothing (Private) Limited, in a move aimed at stabilizing exports and safeguarding employment. The intervention comes as Hela faces liquidity constraints. Emerald Clothing said it has implemented an operational transition to ensure that manufacturing output and selected […]
Chevron Lanka exceeds LKR 4Bn in earnings for first time
Chevron Lubricants Lanka PLC (“Chevron Lanka”) (LLUB), a listed entity in the Colombo Securities Exchange (“CSE”), notched up record earnings in 2025, the highest ever in its 32-year history of operations in Sri Lanka. Earnings surpassed the LKR 4 billion milestone for the first time, on a topline of LKR 24.39 billion based on the […]
AI-Related Risks Rising for Software, Media, and Services Corporates: Fitch Ratings
Elevated AI-driven credit risks are concentrated in three technology, media and telecommunications (TMT) sectors, with software, media and services facing rising disruption risk while overinvestment risk remains largely confined to hyperscalers and select cloud providers, according to a new Fitch Ratings report. Asset-light businesses where value is driven by intangibles such as software, IP, brands […]