Tag: lbo
Sunshine Holdings reports 11.6% YoY top-line growth in 1QFY26
• Consolidated revenue of LKR 15.9 billion • Healthcare revenue up 14.0% YoY to LKR 8.6 billion • Consumer revenue up 3.7% YoY to LKR 4.8 billion • Agribusiness revenue increased by 20.7% YoY to LKR 2.5 billion August 03, 2023: Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) delivered a resilient start to […]
Pan Asia Bank posts PAT of over Rs. 2.1Bn for 1H2025; Increase of 110-pct
Operating Profit before Taxes on Financial Services – Rs. 3.83 billion, up by 40% Profit before Tax – Rs. 2.91 billion, up by 46% Profit after Tax – Rs. 2.15 billion, up by 110% Total Assets grow by Rs. 18 billion, up by 7% Net Interest Income – Rs. 6.27 billion, up by 7% Net […]
SLAEA hosts high-level forum on EU CSDDD: Strengthening sustainable trade through compliance
The Sri Lanka Apparel Exporters Association (SLAEA) hosted a high- level industry forum on July 9 at the Jetwing Hotel in Colombo 07, bringing together a diverse group of stakeholders to explore the growing relevance of the European Union’s Corporate Sustainability Due Diligence Directive (CSDDD). Designed to strengthen awareness and preparedness, the session focused on […]
Sri Lanka’s Plantation sector sounds alarm over 30% U.S. tariff
The Planters’ Association of Ceylon (PA) has expressed grave concern over the United States’ decision to impose a 30% tariff on Sri Lankan tea and rubber exports, set to take effect from August 1st. The Association warns that this move could devastate two of Sri Lanka’s most historic and employment-intensive sectors, tea and rubber undermining […]
Trinasolar partners Solaris Energy to deliver 25MWp of utility-scale solar across Sri Lanka
Trinasolar, a global leader in smart PV and energy storage solutions, signed a Memorandum of Understanding (MOU) with Solaris Energy (Pvt) Ltd., a leading solar distributor in Sri Lanka, to collaborate on the supply and deployment of 25 megawatt-peak (MWp) of solar modules across the country. The agreement was formalized at SNEC 2025 in Shanghai, […]
Softlogic Life completes 100% acquisition of Allianz Life Insurance Lanka Ltd
Softlogic Life Insurance PLC has successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Limited (Life Business), following the receipt of regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction marks a significant milestone, following the initial announcement on 26th March 2025. Softlogic Life recorded Gross […]
EFutures honoured with dual wins at SLASSCOM National Ingenuity Awards
EFutures, a leading Sri Lankan software product engineering company, has been recognised with two prestigious honours at the SLASSCOM National Ingenuity Awards 2025, winning Best Innovative Product – Transportation and Logistics at both the Western Provincial and National levels. Presented by SLASSCOM, the national chamber for Sri Lanka’s IT and BPM industry, the annual awards […]
Why Sri Lanka needs a smarter approach to tobacco tax policy
Sri Lanka’s tobacco taxation strategy is facing renewed scrutiny as authorities navigate the dual priorities of public health and revenue generation. Central to recent tobacco tax policy discussions is the Tobacco Excise Tax Simulation Model (TETSiM)—a policy planning tool promoted by the World Health Organization (WHO) and adopted in several countries to project how adjustments […]
“The Gathering of Giants” returns for 2025 at Cinnamon Habarana
Cinnamon Hotels & Resorts, in collaboration with Cinnamon Nature Trails and in valued partnership with Seylan Bank, is honoured to announce the return of The Gathering of Giants—a pioneer conservation initiative set to take place from 25 to 27 July 2025 at Cinnamon Habarana Complex. Rooted in a deep respect for Sri Lanka’s natural heritage, […]
Samsung Sri Lanka unveils One UI 8 beta program: Pioneering AI for new Galaxy foldables
Samsung Electronics has officially announced the launch of its One UI 8 Beta Program, marking the dawn of a new generation in mobile software intelligence. Sri Lankan users can look forward to a revolutionary AI experience with the upcoming One UI 8, designed to redefine how Galaxy devices interact with their users. This first-generation upgrade […]
Transforming Sri Lanka: Paving the path from traditional to digital economy
The Old Boys’ Association (OBA) of Maris Stella College, Negombo, proudly announces the upcoming edition of its flagship annual College Day oration and panel discussion, Maris Panorama 2025, scheduled to take place on 6th June 2025, from 5:30 PM to 7:30 PM at Hotel Grandeeza, Negombo. Recognized as a nationally relevant platform for discourse on […]
Building dreams, driving change: BYD gains ground in Sri Lanka’s auto market
The world’s leading New Energy Vehicle (NEV) brand, BYD is making significant inroads in Sri Lanka’s automotive market just months after entering the country. Since the easing of import restrictions in early 2025, the brand has rapidly gained traction among Sri Lankan consumers, with growing demand for its electric and plug-in hybrid vehicle range. The […]