Galadari Hotels (Lanka) PLC said it hopes to reopen its Colombo city hotel in the second quarter of 2026. The hotel has been closed for refurbishment. Last year Galadari Hotels entered into agreements with its parent, Dubai-based Galadari Brothers LLC and Mashreq Bank PSC to get a 73.4 million Dirham loan (20Continue Reading
The latest analysis of property market data, released by the Research Intelligence Unit (RIUNIT) up to the third quarter of 2025, reveals that Area 05 (Colombo 5) provides the strongest performance across the city’s property market. A key finding of this analysis is the robust recovery in Colombo apartment pricesContinue Reading
Alumex PLC, Sri Lanka’s number one aluminium extrusion manufacturer, has joined forces with Port City Colombo to expand its flagship sustainability programme, ELEVATE, with its pledge to hand over Used Beverage Cans (UBC) collection bins to promote responsible waste management and safeguard the country’s coastal environment. Alumex will place theContinue Reading
International Lifestyle Brand (Private) Limited announced its expansion in its leading brands Subway Sri Lanka, the American fast-food chain and Segafredo Caffè, Italian Espresso brand, while opening novel venues to its food lovers and coffee lovers, indulging themselves in premium and international flavours at affordable prices in the heart ofContinue Reading
The Department of Finance, Faculty of Management Studies and Commerce, University of Sri Jayewardenepura, together with the Students’ Association of Finance, successfully concluded the Grand Finale of Value Masters 2025 at the university premises. Organized in collaboration with the CFA Society Sri Lanka and Acuity Knowledge Partners, the event markedContinue Reading
Reuters – Marks & Spencer is revamping its supply chain from “factory to floor”, the retailer’s new fashion boss told Reuters, as it looks to double annual online non-food sales to nearly 3 billion pounds ($4 billion). John Lyttle, who joined M&S, opens new tab as managing director fashion, home andContinue Reading
By R. Perera At a recent workshop conducted by the National Authority on Tobacco and Alcohol (NATA), dental academic Prof. A.A. Hemantha K. Amarasinghe highlighted the persistent public health challenge posed by smokeless tobacco and areca nut consumption. He stated that tobacco and alcohol are each linked to around 200Continue Reading
Dynamic AV Technologies (Pvt) Ltd., Sri Lanka’s premier audio-visual solutions provider and exclusive authorized partner of China’s Naaya Group, successfully concluded two landmark acoustic workshops, marking a significant milestone in advancing architectural acoustic standards across Sri Lanka’s construction industry. The strategic workshops, held at Cinnamon Life’s Lumina Auditorium and theContinue Reading
United Motors Lanka PLC (UML) reported a strong resurgence in performance for the six months ended 30 September 2025, with the Group posting a profit of Rs. 1.41 billion compared to a loss of Rs. 119 million in the same period last year — a 1,287 percent increase. The Company’sContinue Reading
Marking a significant milestone in Sri Lanka’s medical history, a Philips Azurion 3M12 angiography machine has been donated by the Herz Clinic Foundation, Zurich, Switzerland, to the Teaching Hospital, Karapitiya. The process was completed in record time, thanks to the excellent cooperation of the Ministry of Health, Director General Dr.Continue Reading