Tag: lbo.lk
Sunshine Holdings records strong growth in 1HFY27 with revenue up 24.4-pct
Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) reported strong top-line and bottom-line growth during the six months ended 30 September 2026 (1HFY27), recording a consolidated revenue of Rs. 40.2 billion, an increase of 24.4% year-on-year (YoY). The Group’s profit after tax (PAT) increased by 44.3% YoY to Rs. 3.7 billion, supported by the […]
Esna Holidays acquires Mackinnons Travels from John Keells Holdings
Esna Holidays, a leading and well established name in the travel industry, has acquired Mackinnons Travels from John Keells Holdings PLC. With a history spanning 55 years, Mackinnons Travels is among Sri Lanka’s longest-established and most respected travel management companies, with a distinguished heritage in the country’s tourism and travel industry. Mackinnons Travels is […]
Apparel exports grow in September, but the year-to-date picture remains cautious: JAAF
Sri Lanka’s apparel exports returned to growth in September 2026, an encouraging sign for the sector. Although the nine-month total is still behind last year, the Joint Apparel Association Forum (JAAF) sees the latest result as a positive step. Apparel exports for the month came to US$ 416.99 million, up 3.47% from US$ 403.01 million […]
Vietjet offers USD90 flights from Colombo as Asia network expands
Vietjet is launching a limited-time promotion featuring Eco tickets from USD90 (including taxes and fees) on its Colombo–Ho Chi Minh City route, and from USD175 (including taxes and fees) on its Colombo–Maldives service, as the airline continues to expand its international network. Passengers can enjoy the promotional Eco fares from now to 21:30 on 1 […]
Sri Lanka’s terror law could cost it a trade lifeline
A security Bill meant to please Brussels may end up angering it Sri Lanka has spent four decades trying to rid itself of the Prevention of Terrorism Act (PTA), a law used so freely that even its authors, in the 1979 parliament, called it temporary. The Protection of the State from Terrorism Bill (PSTA), gazetted […]
Why a tobacco-free generation won’t see the light of day through a generational ban
Sri Lanka wants a smokeless future, and so it should. But a Tobacco-free generation will leave the country with something far harder to control: an unregulated illegal market. What is a Tobacco-Free Generation (TFG)? TFG is a concept that has made headlines recently. The idea is that persons born after a certain year, in the […]
Sri Lanka open to new IMF programme if it supports growth: President
President Anura Kumara Dissanayake says Sri Lanka is ready to enter a new programme with the International Monetary Fund (IMF), provided it supports economic growth and not just stability, as the current four-year arrangement enters its final six months. Speaking at the Sri Lanka Economic and Investment Summit 2026 in Colombo on Monday, he said […]
150 years of rubber: A milestone worth celebrating
This year, Sri Lanka marks 150 years since rubber was first planted on its soil, a milestone that traces back to 1876, when a shipment of young Hevea brasiliensis seedlings arrived at the Henarathgoda Botanical Gardens in Gampaha. Grown from seeds smuggled out of the Amazon by British botanist Henry Wickham and germinated at Kew […]
Labour shortages are pushing Plantation Companies towards machines, dataand a different kind of worker
Sri Lanka’s plantation sector is entering a new phase of transformation, as technology and innovation reshape how estates operate, manage resources and sustain productivity. Across the country’s tea estates and other plantations, machines are increasingly complementing skilled workers in tasks once done almost entirely by hand, while software and data bring new precision to decisions […]
Sri Lanka becomes second market for BYD’s RACCO
BYD, the number one brand in Sri Lanka’s emerging New Energy Vehicle (NEV) segment and the world’s leading NEV manufacturer, together with its authorised distributor in Sri Lanka, John Keells CG Auto,today announced the successful debut of the BYD RACCO, its newest addition to the local market. SriLanka becomes the first country outside Japan to […]
99x launches AI-Hub to increase visibility on AI-assisted workflows
99x, a global product engineering company headquartered in Norway, has launched AI Hub, an observability platform designed to provide greater visibility into AI-assisted workflows and performance metrics. The event also celebrated 99x’s xians.ai platform being recognised as Sri Lanka’s Best Agentic AI Solution at the National AI Awards. The 99x leadership also shared updates on […]
Seven in ten Sri Lankan exporters already sell online, but paperwork and slow delivery hold them back: Survey
Sri Lankan exporters are taking to online selling faster than the country’s trade systems are keeping up. A new survey shows seven in ten already use e-commerce, but many are still tangled in paperwork, slow deliveries and high costs. The findings are in “E-commerce and international trade in Sri Lanka: Findings from a survey of […]