Business and Economy

Overseas Realty (Ceylon) PLC released the 4th Quarter Unaudited Financial Statements for the Year ending  December 31, 2025 delivering strong financial performance recording Group Revenue of Rs. 11,944 million, reflecting a 49% increase over the previous year and Group Profit Before Tax of Rs 9,266 million. This growth was primarilyContinue Reading

RDB Bank, a government owned premier development bank has announced the appointment of its new Directors. The newly appointed Board brings together a team of experienced professionals with diverse expertise in finance, development, governance, and management to guide the Bank towards achieving its strategic vision of empowering entrepreneurs and financialContinue Reading

(Malwana Group Mahanama Vithanage and Mahanama Special M.T.M. HANAFI) Tasma Group Company donated an ECG Machine and Medical Equipment to the Biyagama Government Hospital at a cost of Rs. ten lakhs on February 21 . Tasma Group Company Chairman Nimal Subasinghe Kariyapperuma is seen handing over the equipment to BiyagamaContinue Reading

Courtyard by Marriott Colombo appoints Suranga Peelikumbura as its new  General Manager. Over two decades Suranga has carried the Marriott spirit across continents, from the shimmering luxury of The Ritz-Carlton in Doha to the refined hospitality of Ireland and most recently to the helm of Resplendent Ceylon as Vice PresidentContinue Reading

Japanese Investors pressured to settle after years of legal and corporate turbulence A long-running dispute between Asia Capital PLC and its Japanese investors has come to a close following a mutually agreed settlement, marking the end of nearly five years of legal battles, restructuring efforts, and complex negotiations that reshapedContinue Reading

Building on over 20 years of experience in delivering quality English language education, ESOL College International has officially been appointed as a registered Pearson Edexcel iPLS centre. This new chapter reflects the institution’s continued commitment to maintaining high academic standards while expanding internationally recognized qualification pathways. The appointment strengthens ESOL’sContinue Reading

The Sri Lanka Institute of Directors (SLID), in partnership with ACCA Sri Lanka, formally marked a milestone in the country’s corporate governance landscape with the inaugural SLID–ACCA National Corporate Director Awards Ceremony, held on the 28th of January 2026, at the Oak Room, Cinnamon Grand Colombo.    The event established, forContinue Reading

Evolution Auto (Pvt) Ltd recently announced a strategic partnership with Sterling Aftercare, offering customers and prospective buyers across Sri Lanka access to premium full-service support for all Evolution Auto vehicle brands.   The collaboration guarantees that every Evolution Auto customer can receive reliable, high-quality aftercare, thanks to service centers that areContinue Reading

Fracspace officially unveiled Altaira, its landmark ultra-luxury hillside development, at a grand launch event held at Cinnamon Life, Colombo, on February 14, 2026. The exclusive gathering brought together prominent personalities from the worlds of business, hospitality, real estate, and investment, marking a significant milestone as Fracspace formally enters the SriContinue Reading