Category: Industry
Sampath Bank Records Half Year Results with Profit After Tax of Rs 16.6 Bn, Reflecting 13% Year-on-Year Growth
Financial Performance Sampath Bank delivered a strong financial performance for the six months ended 30th June 2026, reporting Total Operating Income of Rs 63.3 Bn, an increase of 17% compared to the corresponding period last year. The Bank’s performance was driven by sustained growth across its core revenue streams, with Net Interest Income increasing by […]
JXG signs agreement to acquire 100% stake in Continental Insurance Lanka Limited
Janashakthi PLC (JXG) has entered into a Share Purchase Agreement with Melstacorp PLC (MELS), the sole shareholder of Continental Insurance Lanka Limited (CILL), to acquire a 100% stake in CILL, subject to the approval of the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction will see JXG acquire an initial 81% controlling stake, followed […]
Cabinet Approves Tender to Build Three Fuel Storage Tanks at Muthurajawela Terminal
The Cabinet of Ministers has approved a proposal by the Minister of Energy to award the contract for constructing three new fuel storage tanks at the Muthurajawela Terminal to a joint venture comprising M/s Indo-East Engineering & Construction (Lanka) (Private) Limited and Ceylex Engineering (Private) Limited. Selected as the lowest bidder through an international competitive […]
Cabinet Approves Rs. 1 Bn Funding Package for Lanka Metro Transit
The Cabinet of Ministers has approved a total funding allocation of Rs. 1,067.5 million for Lanka Metro Transit (Private) Limited, comprising Rs. 800 million in equity capital for infrastructure development and an additional Rs. 267.5 million for operational requirements in 2027. Submitted by the Minister of Transport, Highways, and Urban Development, the proposal supports the […]
When is the best time to hire a dedicated software development team?
Dedicated development teams have recently gained much popularity, as they enable businesses to enjoy all the benefits that a software outsourcing company typically offers – while working with a team that feels more like an extension of their in-house teams, as opposed to an offshore team. However, the question of when to hire a dedicated […]
PickMe Launches Colombo Connect as First Flagship Destination Under New PickMe Explore Platform
Lotus Tower becomes the first destination connected to a city-wide digital ecosystem linking Colombo’s attractions, culture, entertainment and commerce. PickMe yesterday launched Colombo Connect, the first city-wide destination to be introduced under its newly unveiled PickMe Explore platform, a national digital ecosystem designed to connect attractions, experiences, events and communities through a single technology platform. […]
‘Sri Lanka AI Week 2026’ launched with the theme ‘AI Amplified’ by the Ministry of Digital Economy and SLT-MOBITEL
The premier AI event showcases Sri Lanka’s AI potential with four captivating events including AI Leaders Night, AI Conference, AI Expo, and National AI Awards Building on the success of Sri Lanka’s first-ever National AI Expo & Conference held last year, the Ministry of Digital Economy of Sri Lanka and SLT-MOBITEL, the National ICT Solutions […]
Applications Open for CSSL National ICT Awards 2025
The Computer Society of Sri Lanka (CSSL) has officially called for applications for the prestigious CSSL National ICT Awards 2025, one of the country’s flagship platforms celebrating excellence in Information and Communication Technology. The society invites ICT professionals, educators, researchers, entrepreneurs, and students across the nation to submit their contributions and gain national recognition for […]
EDB, IFC & European Union Launch Third ExpoScaleUp Cohort to Boost Sri Lanka’s SME Export Competitiveness
The Sri Lanka Export Development Board (EDB), in partnership with the International Finance Corporation (IFC) and with the support of the European Union (EU) under the “Accelerating Climate Smart and Inclusive Infrastructure in South Asia (ACSIIS)” programme, has launched the third cohort of ExpoScaleUp, a flagship program tp designed to help Sri Lankan SMEs compete […]
Sri Lanka Electricity Tariffs to Remain Unchanged for Q3 2026
The Public Utilities Commission of Sri Lanka (PUCSL) announced today that electricity tariffs will remain unchanged for the third quarter of 2026, maintaining the existing rates established in the second quarter. The decision follows a comprehensive review of cost estimates submitted by the National System Operating Company (NSO). According to the regulator, the projected increase […]
Facebook still rules Sri Lanka’s social media, but TikTok is closing in
Facebook remains the most used social media platform among Sri Lankan internet users, holding an 81% share according to the newly released Digital Outlook Sri Lanka 2026 report. YouTube follows at 72%, while TikTok has climbed to 48%, up 6 percentage points from last year. Instagram rounds out the top four at 42%. The bigger […]
New Odyssey movie inspires a worldwide journey — for scammers too: Kaspersky
An example of a website and the fake player prompting users to register to continue watching the movie Kaspersky experts have identified scam websites in multiple languages, suggesting that attackers are deliberately targeting audiences across different countries by capitalizing on the film’s extraordinary popularity. Christopher Nolan’s new Odyssey movie has been one of the most […]