D P Logistics (Private) Limited (DPL), a member of the David Pieris Group of Companies, has entered into a Share Sale and Purchase Agreement for the acquisition of Logicare (Pvt) Ltd from Ceylon Tea Brokers PLC for an enterprise value of Rs.1.3 billion. The transaction includes a payment of Rs.Continue Reading
The Teejay Group, one of South Asiaβs leading multinational textile manufacturers, announced its financial results for the first half of the 2025/26 financial year, recording a steady position. The results underscore the Groupβs disciplined working capital management and reduction in loan exposure, enabling it to remain resilient amid a challengingContinue Reading
Coffey & Consult, the Oklahoma-based leader in human-centered technology consulting and AI enablement, is proud to announce a new international partnership with Banuka (Banu) Athuraliya, founder of Andro Dollar Network (PVT) LTD and a globally respected technology strategist based in Sri Lanka. Known online as Andro Dollar, Banu blends hisContinue Reading
The David Pieris Group, one of Sri Lankaβs largest and most diversified conglomerates, has announced a strategic partnership with HelaGo, the revolutionary ride-hailing platform introduced by the Helakuru Superapp, to jointly advance a fair, transparent and locally empowered mobility ecosystem in Sri Lanka. The partnership agreement was officially signed betweenContinue Reading
Nations Trust Bank PLC reported strong financial results for the 9 months ending 30th September 2025, reporting a Profit After Tax (PAT) of LKR 14.9Bn, up 23% YoY. The Bankβs performance is underpinned by strong asset growth, steady Net Interest Margins (NIMs) and asset quality with a Net Stage 3Continue Reading
On the sidelines of the ICC Asia Pacific Regional Consultative Group (RCG) Meeting and the ICC Academy Supply Chain Finance Summit in Singapore, the International Chamber of Commerce (ICC) Sri Lanka signed a National Committee Partnership Agreement with the ICC Academy, the educational arm of the International Chamber of CommerceContinue Reading
Prima KottuMee has once again teamed up with Havelock Sports Club as an official sponsor for the 2025/26 rugby season. This marks many years of sporting partnership, reaffirming the brandβs commitment to elevate the sport by investing in national, professional and school levels of the game. The announcement came asContinue Reading
A Shrimp Industry Information System that provides real-time data and analytics has been launched in Sri Lanka by the UNβs Food and Agriculture Organization, the Ministry of Fisheries and the National Aquaculture Development Authority, and funded by South Koreaβs Ministry of Oceans and Fisheries. βThe SIIS is more than aContinue Reading
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 cityβs property market. A key finding of this analysis is the robust recovery in Colombo apartment pricesContinue Reading