Tag: lbo.lk
Lion Brewery reaffirms commitment to flood resilience and community support in Biyagama
Lion Brewery (Ceylon) PLC (Lion) reaffirmed its commitment to strengthening community partnerships through its flood response efforts and ongoing work to build long-term flood resilience and community support in Biyagama, home to the Company’s core operations. During the recent floods along the Kelani River, Lion supported the Biyagama community throughout the emergency response and recovery […]
City of Dreams Sri Lanka marks first christmas in Colombo
City of Dreams Sri Lanka is marking an important milestone this December as it celebrates its first Christmas in Colombo, closing out the year with a thoughtful and community-centred festive program. In a season where many Sri Lankans are seeking moments of connection, hope, and togetherness, City of Dreams Sri Lanka has curated experiences across […]
Management committee of ‘Rebuilding Sri Lanka’ fund appointed with reps from public and pvt sectors
Cabinet approval has been granted to establish the ‘Rebuilding Sri Lanka’ Fund, aimed at rebuilding the country following the severe devastation caused by Cyclone ‘Ditwah’, one of the worst natural disasters in Sri Lanka’s recent history. The Fund is to be established as a statutory fund under the Presidential Secretariat and its Management Committee will […]
Telecom operators and partners accelerate restoration of connectivity after cyclone Ditwah
Sri Lanka’s national telecommunication operators, in close coordination with government authorities, are intensifying round-the-clock recovery efforts to reconnect communities battered by severe flooding and landslidestriggered by Cyclone Ditwah since 27 November. The disaster has claimed 334 lives, left nearly 400 people missing or unaccounted for, and affected more than 1.3 million individuals nationwide, with rising […]
Evolution Auto brings multi-brand electric vehicle showroom to Kurunegala
Evolution Auto, a pioneer in Sri Lanka’s electric mobility sector, has officially opened its multi-brand electric vehicle (EV) showroom in Kurunegala, in collaboration with New Jayasekara Auto Motors (Pvt) Ltd. The new showroom offers customers a chance to explore, test drive, and purchase a wide range of electric vehicles, making eco-friendly transportation more accessible than […]
Hayleys sustains growth momentum, reports PBT of Rs.13.33Bn in first half of 2025/26
Achieves Revenue and PBT growth of 13% and 7% during the 2nd quarter of the year supported by both domestic and export-oriented businesses Ranked as Sri Lanka’s leading listed corporate in the 32nd edition of the LMD 100 Accelerates growth through strategic expansion in new verticals The Hayleys Group sustained its strong growth trajectory during […]
NVQ Level 4 accreditation for Barista, Setting new benchmark in coffee education
Barista Coffee Lanka (Pvt) Ltd proudly announced that it has been awarded National Vocational Qualification (NVQ) Level 04 accreditation under the Tertiary and Vocational Education Commission (TVEC). The NVQ Level 04Barista Training Program, the first of its kind in Sri Lanka, was conceptualized, co-created, and fully funded by Barista. This achievement underscores the company’s long-term […]
KiddieCove Academy: Two sisters, one vision, transforming early childhood education
KiddieCove Preschool and Daycare is rapidly establishing itself as a leading provider of early childhood education across Sri Lanka, with flourishing branches in Thalawathugoda, Malabe, and Mount Lavinia. Founded by sisters Naduni and Esha Samarakoon, KiddieCove offers a safe, nurturing, and innovative learning environment where children embark on their educational journey through exploration and creativity. […]
Mahindra Ideal Finance records 204-pct growth in PBT to Rs. 477Mn for H1 FY26
Mahindra Ideal Finance Limited (MIFL) has delivered strong growth in income and profits during the six months ended 30th September 2025 (H1 FY26), fueled by a rapid expansion in its multi-brand vehicle financing portfolio. Total Income for the period rose by 47% Year-on-Year (YoY) up to Rs. 1.85 billion, while Profit Before Tax (PBT) increased […]
Government responds to key industry appeals on VAT and SME needs: SLABA
The Sri Lanka Apparel Brands Association (SLABA), representing all leading Sri Lankan apparel and fashion brands, enthusiastically welcomes theBudget, which addresses the majority of the industry’s key requests to strengthen the domestic apparel ecosystem. Government Hears Industry Voice SLABA commends the Government for responding decisively to industry concerns, particularly the implementation of VAT on imported […]
ADB approves USD100 Mn to strengthen macroeconomic resilience, transparency in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million financing package to build on Sri Lanka’s progress toward macroeconomic stability and to help achieve sustainable growth following the economic crisis. This will be done by strengthening public expenditure management, improving revenue mobilization, and fostering private sector participation. “Sri Lanka has made commendable progress in […]
Policybazaar expands global footprint with tech-led reinsurance entry into SL, Qatar, Oman, and UAE
Policybazaar.com, one of India’s largest insurance platforms, has announced the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE. With this move, Policybazaar becomes one of the first India-based intermediaries to introduce a technology-driven reinsurance model across Asia and the Middle East, regions that are rapidly growing yet continue to face […]