Student-Led Initiative Empowers Youth with Practical Web3 Skills and Builds Sustainable Campus Networks Binance, the world’s leading cryptocurrency exchange by trading volume, has launched ChainCeylon 2026, a flagship education program aimed at deepening blockchain literacy and promoting responsible crypto adoption across Sri Lankan universities. The inaugural workshops, conducted at the University of Sri Jayewardenepura, University […]
Category: Markets & Economy
More than 1,000 BAIC X55 SUVs hit Sri Lankan roads
David Pieris Automobiles (Private) Limited (DPA), the four-wheeler sales arm of the David Pieris Group and the sole distributor for BAIC vehicles in Sri Lanka, recently celebrated a significant milestone with the release of its 1,000th BAIC X55. This achievement reinforces the company’s commitment to delivering high-quality vehicles while steadily increasing local value addition. The […]
Mahindra ldeal Finance’s Rs 1 Bn Debut Debenture lssue Oversubscribed on day 1
Mahindra Ideal Finance Limited (MIFL) has announced the successful conclusion of its debut Rs 1 Billion debenture issue, which was oversubscribed on the first day of opening, marking a significant capital market milestone for one of Sri Lanka’s fastest-growing licensed Non-Banking Financial Institutions. The Issue comprised up to Ten Million (10,000,000) Tier 2, Listed, Rated, […]
NDB Wealth Hosts Exclusive Investor Forum and Networking Session in Kandy
Kandy, Sri Lanka – NDB Wealth recently hosted an exclusive investor forum and networking session in Kandy, bringing together an esteemed gathering of top business leaders, high net worth individuals, and corporate professionals for an engaging and insightful discussion on the evolving financial landscape and emerging investment opportunities. The forum provided attendees with expert insights […]
JAT Holdings Completes Second-Phase Expansion of Binder Plant, Increasing Capacity by 76%
JAT Holdings PLC has completed the second phase of the expansion of its binder manufacturing plant in Sri Lanka. The facility is now fully operational and will increase production capacity by 76%, supporting the Group’s growth ambitions across its emulsions and coatings portfolio in both domestic and regional markets. Binders are a main raw material […]
Softlogic Life surpasses Rs. 40 Bn GWP in FY25; doubles key financial metrics over four years
FY25 Performance Highlights Softlogic Life delivered a strong financial performance for the year ended December 31, 2025, recording a Gross Written Premium (GWP) of Rs. 40.1 billion delivering a robust year-on-year growth of 27% whilst taking significant strides to expand and further develop its business portfolio with the addition of the Allianz Life Insurance Lanka […]
First Capital Holdings PLC records Rs. 3.23Bn Total Comprehensive Income for 9M FY2025/26
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a pioneering force in Sri Lanka’s investment bank landscape recorded a Total Comprehensive Income of Rs. 3.23Bn for the nine months ended 31 December 2025, compared to Rs. 4.53Bn in the corresponding period of the previous year. For the third quarter of 2025/26, the […]
Sunshine Holdings records LKR 48.9 bn revenue in 9MFY26 amid resilient Group performance
February 11, 2026: Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) recorded a consolidated revenue of LKR 48.9 billion for the nine months ended 31 December 2025 (9MFY26), reflecting an 8.1% year-on-year increase. The period unfolded in a more demanding operating environment shaped by sector-specific challenges and external disruptions, with the Group maintaining focus on disciplined execution […]
Tokyo Cement’s FY25/26 Q3 Financial Results Position Group for Industry Upswing
Quarterly Financial Review Tokyo Cement Group (Tokyo Cement) reported a turnover of Rs. 14,523 million compared to Rs. 11,639 million over the same period of the previous year, and a profit after tax of Rs. 332 million compared to Rs. 1,006 million over the same period of the previous year, for the 3rd Quarter ending […]
JAT Holdings Delivers 7% YoY Revenue Growth in Q3 FY 2025/26, Demonstrating Resilience Amid Late Ditwah Shocks
JAT Holdings PLC, a leader in the wood coatings and manufacturing sector, recorded a steady performance in Q3 FY 2025/26, driven by resilient local market growth and a landmark international acquisition that sets the stage for future expansion. Revenue for the quarter grew 7% YoY to Rs. 8.1 billion, primarily led by strong performance in […]