Business News

Port City Colombo Secures US300 Million FDI Commitment for Phase II Development

CHEC Port City Colombo (Pvt) Ltd., the primary developer of Port City Colombo, has pledged approximately US$300 million in foreign direct investment to advance Phase II of the Port City Colombo project, marking a significant investment commitment at the start of the New Year and reinforcing confidence in Sri Lanka’s long-term growth prospects.

HSBC Ceylon Literary Arts Festival 3rd Edition

The HSBC Ceylon Literary & Arts Festival returns for its highly anticipated third edition from 13 to 15 February 2026, planned as the ‘Festival on Beira’ at Cinnamon Lakeside.

Emirates to launch flights to Helsinki Finland

Emirates, the world’s largest international airline, will launch a daily flight between Helsinki and Dubai from 1 October 2026, expanding its footprint in the Nordics.

SLT MOBITEL Partners MegaPay PayGo Powering Seamless eSIM onboarding Nationwide

In a strategic move to shape Sri Lanka’s digital future, SLT-MOBITEL has partnered with MegaPay (Pay&Go), further enhancing its nationwide value proposition to empower Sri Lankans to connect to the digital world through the eSIM onboarding service.

First Capital strengthens youth financial literacy by empowering 1000 students

First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering full-service investment institution continues to strengthen its commitment to building a financially empowered nation.

InsureMe Strengthens Market Capability with Reinsurance Broking Licence Expanding Access to Global Risk Solutions

Insureme one of Sri Lanka’s leading insurance intermediary and InsurTech-enabled risk solutions provider has further strengthened its market offering with the receipt of a Reinsurance Broking Licence from the Insurance Regulatory Commission of Sri Lanka (IRCSL).

CDS and NDB Bank Partner to Provide Streamlined Digital Dividends Pay Outs

The Central Depository Systems (Pvt) Limited (CDS), a wholly owned subsidiary of the Colombo Stock Exchange (CSE) and National Development Bank PLC (NDB) have partnered to increase the efficiency of dividend disbursement systems for companies listed on the CSE through the provision of a streamlined dividends pay-out system.

Barberyn Resorts Go Chemical Free for Mosquito Control

World’s First Ayurveda Resort chains’, Barberyn Reef Ayurveda Resort Hospital has replaced traditional chemical pesticides with gentle, insecticide-free Biogents mosquito traps to prioritize eco-conscious travelers and the environment.

BYD Records 4.6 Million NEV Sales in 2025 Retaining Global No. 1 Ranking

BYD has retained its position as the world’s largest seller of New Energy Vehicles (NEVs), recording total global sales of 4,602,436 units in 2025.

Singer and HP to Redefine the Future of the Laptops and Printing Solution in Sri Lanka

Singer Sri Lanka PLC has entered into a strategic partnership with HP, expanding its technology portfolio and reinforcing its commitment to delivering globally trusted computing solutions to Sri Lankan consumers.