Business News

Making Waves of Change OSC Raises LKR 1.1 Million for Colombo Friend in Need Society

At the three-day SAISA Swimming 2025 Meet, The Overseas School of Colombo (OSC) turned sport into service, raising LKR 1.1 million for the Colombo Friend-in-Need Society (CFINS).

WindForce Secures Letter of Award for 50 MW Mullikulam Wind Power Project Lot 1

WindForce PLC has been awarded the official Letter of Award by the Ceylon Electricity Board (CEB) for Lot 1 of the 50 MW Mullikulam Wind Power Project, confirming WindForce’s position as the Lowest Cost Bidder for one of Sri Lanka’s most strategically significant renewable energy developments.

AIA extends AIA Divimagata Piyapath to support childrens education in communities affected by Cyclone Ditwah

AIA Insurance Lanka recently executed the next phase of its community relief programme, ‘AIA Divimagata Piyapath, Senehase Gamana’, mobilising a nationwide effort to provide essential school supplies and stationery for the new academic year to children in communities impacted by Cyclone Ditwah and the widespread landslides and floods that followed.

Sarvesh Suri Named IFCs new Regional Vice President for Asia and the Pacific

Sarvesh Suri is named IFC’s Regional Vice President for Asia and the Pacific, bringing 25 years of global investment and development expertise as well as a proven track record of fostering public-private collaborations.

Softlogic Life sets up growth roadmap with long term capital from Norfund and OP Finnfund Global Impact Fund I

Sri Lanka’s top notch insurer Softlogic Life Insurance PLC has secured a USD 15Mn landmark 5-year Tier 2 loan facility from Norfund and OP Finnfund Global Impact Fund I, that will be the initial part and set the next phase of growth for the immensely successful life insurer that has established itself as the industry benchmark, whilst innovating and advancing technology, building AI capability with a view towards driving exponential valuation for key stakeholders.

ComBank and Colonial Motors in year long partnership to promote Mazda vehicles

Committed to elevating customer lifestyles and making the best in mobility accessible to everyone, Commercial Bank of Ceylon has entered into a strategic partnership with Colonial Motors (Ceylon) Limited, the authorised agent for Mazda in Sri Lanka, to facilitate the purchase of Mazda vehicles through the Bank’s leasing solutions. 

Shangri La Hambantota Recognised Among The Worlds Finest Golf Resorts

Set along Sri Lanka’s unspoilt southern coastline, Shangri-La Hambantota has been ranked 70th in the Golf World Top 100 – World Resorts, placing it among the most respected golf and resort destinations worldwide.

Atlas paata lowak dinana hetak Celebrates Emerging Artists Nationwide

Atlas, Sri Lanka’s leading learning brand, reaffirmed its purpose of making learning fun and enjoyable through the Atlas All-Island Art Competition 2025, which concluded with a gifting ceremony held recently at Arcade Independence Square under the theme ‘Atlas paata lowak dinana hetak’.

George Steuart Explores Trade and Expansion Opportunities in Africa

George Steuart & Company participated in a series of high-level engagements organised by the Commonwealth Enterprise and Investment Council (CWEIC) in Africa during the latter part of 2025. 

EDOTCO Sri Lanka Commissions Its First Neutral Host Telecommunications Tower in Kegalle Following New Licensing Framework

EDOTCO Sri Lanka has commissioned its first independently owned neutral-host telecommunications tower following the issuance of its Infrastructure Provider License in September, marking an important step forward in Sri Lanka’s telecommunications ecosystem.