Category: Industry
Port City Colombo & University Of Moratuwa Host First-ever ‘smart City Ideathon’ To Advance Urban Innovation
Port City Colombo, in collaboration with the Department of Town and Country Planning of the University of Moratuwa, has launched the inaugural “Smart City Ideathon: Innovate, Plan, and Transform Urban Futures of Port City Colombo” workshop. Hosted at the Sales Gallery, the pioneering initiative aims to explore innovative and practical approaches to urban planning, design, […]
CIC Holdings delivers resilient FY25 results with 9-pct topline growth
Agriculture-rich diversified conglomerate CIC Holdings PLC (CSE: CIC) recorded steady revenue growth during the year ended 31 March 2025 (FY25), navigating macroeconomic headwinds and intense competition. The Group posted consolidated revenue of Rs. 83.3 billion, reflecting a 9.0% year-on-year (YoY) growth, driven by broad-based momentum across its core businesses. Group gross profit rose to Rs. […]
Samsung Sri Lanka unveils One UI 8 beta program: Pioneering AI for new Galaxy foldables
Samsung Electronics has officially announced the launch of its One UI 8 Beta Program, marking the dawn of a new generation in mobile software intelligence. Sri Lankan users can look forward to a revolutionary AI experience with the upcoming One UI 8, designed to redefine how Galaxy devices interact with their users. This first-generation upgrade […]
Port City Colombo Commemorates Tenant Handover Of The Business Centre
Port City Colombo commemorated the formal handover of office space to key anchor tenants with a special ceremony, which was held on 30th May 2025. The event was graced by the presence of Mr. Chen Zhong, Deputy General Manager, China Communications Construction Group, Mr. Harsha Amarasekera, Chairman, the Colombo Port City Economic Commission, Mr. Bai […]
PickMe Delivers Rs. 1.17 bn PAT for FY2024/25 — Stellar First Full-Year Results Post-IPO
PickMe announced its financial results for the fiscal year ended 31 March 2025, reporting a Profit After Tax (PAT) of Rs. 1.17 billion, marking a 72% year-on-year increase. The Company also recorded its strongest quarterly performance to date, with accelerated growth across both revenue and profitability metrics. Group revenue grew by 49% to Rs. 5.8 […]
Building dreams, driving change: BYD gains ground in Sri Lanka’s auto market
The world’s leading New Energy Vehicle (NEV) brand, BYD is making significant inroads in Sri Lanka’s automotive market just months after entering the country. Since the easing of import restrictions in early 2025, the brand has rapidly gained traction among Sri Lankan consumers, with growing demand for its electric and plug-in hybrid vehicle range. The […]
Sri Lanka’s liquid gold: The evolving story of pure Ceylon tea
The world recently celebrated International Tea Day on 21 May 2025 under the theme “Bringing people together over a cup of tea.” The day aims to raise awareness of tea’s long history and its deep cultural and economic significance worldwide, promoting collective action for sustainable production and consumption while highlighting tea’s fundamental role in uplifting […]
Korean Ambassador Explores Investment Opportunities at Hambantota Intl. Port
The Ambassador for the Republic of Korea in Sri Lanka, Ms. Miyon Lee visited the Hambantota International Port (HIP), in late May, to explore potential business collaborations and assess the port’s operational capabilities for Korean investment and trade. During a guided tour of HIP’s state-of-the-art facilities, the Ambassador and her entourage comprising Deputy Head of […]
Strong April 2025 performance of Sri Lanka’s Apparel sector; JAAF
Sri Lanka’s apparel industry recorded an encouraging 15.14% year-on-year growth in April 2025, reflecting a notable rebound in demand from major global markets. According to data released by the Joint Apparel Association Forum (JAAF), exports to the EU (excluding the UK) surged by an impressive 27.04%, while shipments to the USA and UK grew by […]
Stakeholders validate apparel curriculum for persons with disabilities
A diverse group of stakeholders from Sri Lanka’s apparel industry, vocational training institutes, the Department of Social Services, Vocational Training Authority, Tertiary and Vocational Education Commission, EFC’s disability resource centre, organizations for persons with disabilities and international development agencies convened recently at the NH CollectionColombo for a national workshop focused on validating an inclusive apparel […]
ComBank and MD/CEO Sanath Manatunge clinch top honours as ‘Sri Lanka’s Best’ from The Asian Banker
The Commercial Bank of Ceylon and its Managing Director/CEO Mr Sanath Manatunge have been named the ‘Best Managed Bank’ and the ‘Best Bank CEO’ in Sri Lanka respectively by The Asian Banker (TAB) magazine, bestowing on them two prestigious accolades that are presented once in every three years. These awards, in respect of the 2022-2024 […]
Hambantota International Port Group Enhances Vehicle Clearance Efficiency
Hambantota International Port Group (HIPG) has responded decisively to recent complaints regarding delays in vehicle clearance. Since February 2025, more than 9,151 vehicles, both used and brand new, have entered the country through the HIP, placing increased demand on port operations. In light of this, the Hambantota International Port Group (HIPG) has implemented a series […]