Category: Business

Sri Lanka’s only GLOCAL supermarket chain – SPAR Sri Lanka, continues its expansion across the island with the opening of its newest outlets in Kandy and Kurunegala. The Kandy outlet, located at 27B, George E. De Silva Mawatha, will officially open its doors on Monday, March 30th at 10.00 a.m., marking a long-awaited milestone for […]

HNB Finance PLC has entered into a strategic partnership with Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited to support the expansion of Sri Lanka’s  New Energy Vehicle (NEV) market through accessible, practical, and customer-focused financing solutions. The partnership was announced on 26 January 2026 in Colombo and is intended to promote wider […]

Prime Group proudly announces its landmark project, YOLO by Prime Group has received BOI-approved project status, recognizing the development’s strong potential to drive economic development and attract foreign investment, delivering strong urban appeal. Accordingly, a USD 52.5 million investment agreement has been inked between Prime Group and the Board of Investment of Sri Lanka (BOI), […]

DIMO and MTU continue to strengthen their long-standing partnership of over three decades in Sri Lanka and the Maldives, delivering advanced propulsion and power solutions across marine, railway, power generation, and critical infrastructure sectors. The collaboration, which has over 400 MTU systems in operation throughout the region, is essential to support transportation, industrial applications, and […]

Delair Travels, a leading entity in the travel industry, announced its official rebranding as Delmege Travels, marking an important milestone in its growth journey and reinforcing its integration within the Delmege Group’s unified brand identity. The name change reflects the company’s strategic direction to further strengthen brand consistency across the Group while enhancing recognition, trust, […]

JXG, the parent company of the Janashakthi Group, a growing Sri Lankan financial conglomerate comprising First Capital Holdings PLC, Janashakthi Insurance PLC, and Janashakthi Finance PLC, has announced the launch of its Initial Public Offering (IPO) of LKR 5 billion. JXG is offering 500 million ordinary shares at LKR 10.00 per share, representing a 21.74% […]

Janashakthi Life, a leading name in the insurance industry and a flagship brand of JXG (Janashakthi Group), entered a strategic partnership with People’s Bank through the signing of a Memorandum of Understanding (MoU), strengthening bancassurance services in Sri Lanka.  Through this collaboration, customers are now able to conveniently access a range of life insurance solutions […]

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, […]