Category: Industry
Ambeon Strengthens Portfolio Through Strategic Hospitality Investments
Strengthens growth strategy through equity stakes in Iconic Sri Lankan hotel companies – The Kandy Hotels Company PLC and The Ceylon Hotels Corporation PLC Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, today announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in […]
Committee to probe irregularities at AASL & SriLankan Airlines invites public input
The Presidential Special Investigation Committee, established to probe into past fraud, corruption and malpractices at Airport and Aviation Services (Sri Lanka) (Private) Limited and SriLankan Airlines, invites complaints, views, and proposals from the public. In accordance with Cabinet Decision No. 25/1145/801/018 dated July 1, 2025, based on the Cabinet Memorandum submitted by President Anura Kumara […]
New Zealand High Commissioner Explores Opportunities at Hambantota International Port
New Zealand High Commissioner to Sri Lanka, David Gregory Pine, visited the Hambantota International Port (HIP) on August 11, 2025, to gain firsthand knowledge on its development and growing international relevance. Accompanying him was Rasika Sumudhu Jayasinghe, Policy Adviser at the High Commission. The delegation was taken on a tour of HIP’s state-of-the-art facilities and […]
EDB-JICA Partnership Extended to Boost Sri Lanka’s ICT/BPM Growth in Japanese Market
Sri Lanka Export Development Board (EDB) and the Japan International Cooperation Agency (JICA) have established a strategic partnership to strengthen the Sri Lankan ICT/BPM sector within the Japanese market. Started in 2024, this initiative supports 30 Sri Lankan SME ICT/BPM companies and startups over a period of two years by providing market intelligence, business coaching, […]
| Why 95-pct of GenAI Projects Are Failing
Artificial Intelligence was supposed to be capitalism’s golden goose — rewriting emails, reinventing customer service, and reshaping entire economies. But a new MIT study says 95% of enterprise AI pilots fail to deliver meaningful revenue. Instead of breakthroughs, most companies end up with expensive dashboards and endless beta tests. T he hype cycle feels eerily […]
Ceylon Chamber Highlights Opportunities in UK’s Enhanced Trade Scheme
The Ceylon Chamber of Commerce welcomes the UK Government’s liberalisation of rules of origin under its Developing Countries Trading Scheme (DCTS), set to take effect in early 2026. This important step reflects the UK’s continued commitment to greater trade openness and flexibility, offering Sri Lankan exporters enhanced access to one of their key markets. The […]
Stallion Consultancy Takes Over ACAP Stockbrokers in Strategic Market Play
Stallion Consultancy (Private) Limited has swooped in to acquire ACAP Stockbrokers (Private) Limited from Asia Capital PLC, marking a strategic power play that promises to reshape Sri Lanka’s stock brokerage landscape through a complete rebrand and fresh market positioning. The acquisition brings heavyweight leadership credentials to the table, with Stefan Abeyesinhe stepping in as Chairman, […]
‘s Upgraded DCTS Rules of Origin Allow SL Manufacturers to Source Up to 100-pct of Inputs Globally
Sri Lankan garment manufacturers will soon have “unprecedented access” to UK markets due to liberalized trade rules set to take effect in early 2026. The changes to the UK’s Developing Countries Trading Scheme (DCTS) will allow more garments manufactured in Sri Lanka to be exported to the UK duty-free. Under the new rules, Sri Lankan […]
CPCEC Reaffirms Commitment to Compliance and Business; Visa Suspended of Two Authorised Persons
This statement is following recent developments reported in the media, regarding the detention and deportation of foreign nationals employed by entities operating as Authorised Persons (APs) licensed by the Colombo Port City Economic Commission (CPCEC). Following the alleged incident, the CPCEC has suspended the issuance of Visa recommendations for the two APs whose employees were […]
Hayleys Solar named one of LMD’s most loved brands 2025
Hayleys Solar, Sri Lanka’s No.1 solar solutions provider, has been recognised as one of LMD’s Most Loved Brands for 2025, making history as the only renewable energy brand to earn this prestigious honour. The accolade marks a pivotal moment for Sri Lanka’s clean energy sector, reflecting both public trust in Hayleys Solar and broader national […]
ComBank creates history in Q2 as first private sector bank with assets of Rs. 3 trillion
Group deposits surpass Rs. 2.5 Tn. mark Loan book grows by Rs. 206 Bn. in 6 months to Rs. 1.73 Tn., disbursements average Rs. 34.33 Bn. per month Group net interest income up 17.39% to Rs. 68.81 Bn. Improves NIM and CASA Total taxes increase by over 60% for 6 months to Rs 24.42 Bn. […]
Yara Technologies partners with Clover Infotec to revolutionize EdTech in Botswana
Empowering schools with predictive analytics and seamless communication solutions with Talkative Parents and Quanta Platforms Yara Technologies (Pvt) Ltd (“Yara”), a fast-scaling EdFinTech startup in Sri Lanka, has announced a strategic resale partnership with Clover Infotec to launch its flagship platforms – Talkative Parents and Quanta – in Botswana. This partnership represents a pivotal step […]