Tag: lbo
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 […]
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 […]
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 […]
Sri Lanka introduces duty-free mechanism for overseas disaster relief donations
Due to the current disaster situation in the country, various inquiries have been made by foreign countries, organizations, individuals, as well as Sri Lankans living abroad, regarding donating essential goods to the people affected. Accordingly, the Government of Sri Lanka has introduced a more convenient procedure to expedite the clearance and distribution of all material […]
Ceylon Chamber affirms support for National recovery efforts following cyclone Ditwah
The Ceylon Chamber of Commerce is deeply saddened by the devastation caused by Cyclone Ditwah, and our thoughts are with all individuals, families, and communities affected by this tragedy. We mourn the loss of lives and acknowledge the immense hardship endured by thousands who have been displaced and whose livelihoods have been severely disrupted. In […]
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 […]
TikTok launches time and well-being features for users
TikTok announced today the launch of its new Time and Well-being space for its users. This new update introduces a range of features designed to help TikTok users build mindful digital habits. This initiative underscores the platform’s commitment to fostering a positive and balanced online experience. While emphasizing safety and Community Guidelines, TikTok has been […]
“Oops” is not a foreign policy: Why I demanded a radical shift in our foreign policy
By Dr. Harsha de Silva, MP Today in Parliament, during the Committee Stage debate on the Foreign Ministry’s expenditure head, I felt compelled to challenge the traditional view of how Sri Lanka engages with the world. I listened to the Minister of Foreign Affairs, hoping for an articulation of a modern policy stance that justifies […]
‘s 47-pct y-o-y increase in Group PAT, reaching Rs.34.7Bn
Sustaining its upward momentum, HNB delivered strong results in the first nine months of Group PAT reached Rs 34.7 Bn, marking a 47% YoY increase, while the Bank’s PAT grew by 42% YoY to Rs 31.5 Bn. Commenting on the performance, Mr. Nihal Jayawardena, Chairman of HNB PLC stated, “The period under review has been […]
Strategic report to CTC – South Asia’s first “quit like Sweden” anti-tobacco roundtable
On 11 November 2025, Colombo hosted a major roundtable on tobacco harm reduction, organized by Quit Like Sweden, a UK-based international non-profit platform. The event brought together experts from around the world to examine Sweden’s successful tobacco harm reduction model and discuss how elements of this approach could be adapted in South Asia, including Sri […]
Renewed diaspora optimism as RIUNIT showcases real estate investment opportunities in London
The Research Intelligence Unit (RIUNIT) together with the High Commission of Sri Lanka in London held the Sri Lanka Real Estate Investment Forum: London 2025 on Thursday, 30 October 2025 at the Sri Lanka High Commission in London. Despite having organised many dozens of investor events at high diaspora density locations around the globe during […]