Category: Industry
ComBank to boost WSME, Agri SME financing with IFC’s USD 60 Mn Risk Sharing Facility
Reinforcing its position as Sri Lanka’s largest lender to small and medium enterprises (SMEs), the Commercial Bank of Ceylon has partnered with the International Finance Corporation (IFC), a member of the World Bank Group, to significantly expand the Bank’s capacity to lend SMEs nationwide. Under this partnership, IFC will provide risk cover for a US$60 […]
Sri Lanka Chamber of the Pharmaceutical Industry donates Rs. 50 million to ‘Rebuilding Sri Lanka’ Fund
The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) today announced a Rs. 50 million donation to the Government’s ‘Rebuilding Sri Lanka’ Fund, established to support national recovery efforts following the recent disaster. The financial contribution was formally presented by the SLCPI Executive Committee to the Minister of Health and Mass Media, Dr. Nalinda Jayatissa, […]
Southern Cross University brings Bachelor of Business to Sri Lankan students at NSBM Green University
Southern Cross University (SCU), one of Australia’s leading public universities, in partnership with NSBM Green University, is opening doors for Sri Lankan students to earn a globally recognised Australian Bachelor of Business – right here at home. The landmark launch, taking place from 19 to 21 February 2026 at NSBM Green University, brings together the […]
Sri Lanka’s apparel exports grow 5.4-pct in Dec 2025; full-year exports top USD5Bn
Sri Lanka’s exports of apparel and made-up textile articles (HS Chapters 61, 62 and 63) rose to US$447.21 million in December 2025, up 5.43% from US$424.18 million in December 2024, according to industry export statistics. Growth was recorded across the three main destination markets. Exports to the USA increased 6.49% year-on-year to US$178.29 million (from […]
Rising climate risks and poverty in focus at CEPA policy panel today, Open University
The Centre for Poverty Analysis (CEPA), in collaboration with the Centre for Environmental Studies and Sustainable Development of the Open University of Sri Lanka, will host a high-level policy panel titled “Facing the Future: Environmental Disastersand Poverty in Sri Lanka”on 26 January 2026, from 3.30 p.m. to 6.00 p.m., at the Auditorium of the Faculty […]
Land Prices in Outskirts Soar as City Growth Stabilises – LPI 2025
The Sri Lankan land market maintained solid growth in 2025, with Colombo suburbs and Western Province districts emerging as key drivers, according to the latest Land Price Index (LPI) 2025 (updated), published by LankaPropertyWeb (LPW). The 2025 index shows that Colombo 1–15 recorded a 4% year-on-year increase in average land prices per perch, reaching LKR […]
Port City Colombo Moves Into Active Development as Its First Residential Project Breaks Ground
Sri Lanka’s most ambitious urban development project reached a critical execution milestone, as construction officially commenced on the first residential development within Port City Colombo. The milestone marks the transition of the country’s flagship Special Economic Zone (SEZ) from regulatory readiness to active private-sector delivery. The project, Bay One Residences Colombo, is being developed by […]
CBL Group acquires Indonesian coconut processor in USD 25m expansion push
CBL Group, one of Sri Lanka’s largest diversified food manufacturing conglomerates, announced the strategic acquisition of PT Tri Jaya Tangguh Indonesia (TJT), a large coconut processing facility, with an investment of over USD 25 million. TJT has a workforce of over 800 employees. The investment was supported by the International Finance Corporation (IFC), a member […]
Sunshine Holdings to acquire 75-pct stake in Joint Agri Products Ceylon
Sunshine Holdings PLC (SUN), one of Sri Lanka’s diversified conglomerates, announced its intention to acquire a 75% stake in Joint Agri Products Ceylon (Private) Limited (JAPC), a leading export-oriented company, subject to the conditions in the Share Purchase Agreement (SPA) signed on 21 st January 2026. The signing of the SPA took place at Sunshine […]
HIP Initiates Sri Lanka’s First Fully Automated Paperless Port Gate Pass
Hambantota International Port (HIP) has launched its Automated Gate Pass Management System (AGPMS), becoming the first port in Sri Lanka to introduce a fully automated, QR-code-based, paperless gate pass solution. The initiative marks a major step forward in HIP’s digital transformation, strengthening efficiency, security, and access control across port operations. The system was officially inaugurated […]
Softlogic Life secures long-term growth capital from Norfund and OP Finnfund
Sri Lanka’s top notch insurer Softlogic Life Insurance PLC has secured a USD 15Mn landmark 5-year Tier 2 loan facility from Norfund and OP Finnfund Global Impact Fund I, that will be the initial part and set the next phase of growth for the immensely successful life insurer that has established itself as the industry […]
TikTok releases Q3 2025 community guidelines enforcement report
TikTok has released its Q3 2025 Community Guidelines Enforcement Report, showcasing its ongoing commitment to creating a safe digital space for its users. The report, which covers data from July to September 2025, details the proactive steps TikTok has taken to identify and remove content that violates its Community Guidelines, ensuring a positive experiencefor its […]