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 (20 million dollars) to fund the […]
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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 prices when measured in US dollars. […]
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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 the bins across Port City Colombo’s […]
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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 of Colombo. Speaking on this expansion, […]
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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 marked another milestone in Sri Lanka’s […]
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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 and beauty in March, said the […]
Continue ReadingBy 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 200 diseases, and roughly 110 people […]
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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 the Sri Lanka Institute of Architects […]
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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’s profit rose sharply to Rs. […]
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The Aitken Spence Institute of Hotel Management held its latest graduation ceremony at Heritance Ahungalla, marking another milestone in its mission to develop skilled professionals for Sri Lanka’s hospitality industry. Established in 2007 as part of the company’s Corporate Social Responsibility (CSR) initiative, the institute operates with support from the TUI Care Foundation and World […]
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