COLOMBO, Sept 19, 2025 (ePRESS) – Union Bank of Colombo said on Friday its Board of Directors has approved plans to raise up to Rs. 3 billion through a listed debenture issue, subject to shareholder and regulatory approvals. The bank will issue up to 30 million Basel III-compliant, listed, rated, unsecured debentures at Rs. 100…
Category Archives: Economy
COLOMBO, Sept 18, 2025 (AFP) – Two design powerhouses – Sri Lanka’s celebrated handloom brand Barefoot and Dutch luxury interiors brand POLSPOTTEN – are teaming up for the first time in a landmark collaboration set to debut in 2025/2026. The upcoming collection will blend Barefoot’s mastery of handloom craft and colour with POLSPOTTEN’s bold, contemporary…
COLOMBO, September 18 (ePRESS) – SellX Group, a trusted name in Sri Lanka’s ICT industry for over two decades, has launched SellX Office Automation (SellX OA), a new division set up in Bambalapitiya to expand into the growing office automation market. Since its founding in 2003, SellX Computers has become one of Sri Lanka’s top…
COLOMBO, September 16 (ePRESS) – Rockland Group, Sri Lanka’s first commercial distillery and a pioneer in the country’s beverage industry, marked its 101st anniversary with the third edition of the Chairman’s Awards. The fourth-generation family-owned company, which now employs more than 500 people in Sri Lanka and overseas, used the milestone to honour individuals and teams…
Colombo, Sept 14 (ePRESS) – First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group), has been recognised at the Satynmag Women Friendly Workplace Awards 2025, winning the title of “Higher Representation of Women on the Board.” The honour marks a major milestone for the pioneering investment institution, underlining its strong commitment to gender-balanced leadership…
HONG KONG, September 14 (ePRESS) – Colombo International Container Terminals (CICT) has once again been recognised on the regional stage, winning the award for Best Container Terminal – Asia (under 4 million TEUs) at the 2025 Asian Freight, Logistics and Supply Chain (AFLAS) Awards. This is the ninth year in a row that CICT has…
HIKKADUWA, Sri Lanka, September 13 (ePRESS) – In a landmark moment for both local agriculture and Sri Lanka’s spice trade, Pussalla Agri Ventures officially opened its first dedicated Ceylon Cinnamon outlet in Narigama, Hikkaduwa, on September 4, 2025. The outlet offers fresh cinnamon brews and a full range of premium organic products, including quills, powders,…
COLOMBO, Sept 12, 2025 (ePRESS) – Alliance Finance Company PLC (AFC), Sri Lanka’s oldest operating non-banking financial institution, marked a historic milestone with the issuance of its Social Bond on the Colombo Stock Exchange (CSE). The market opening ceremony at the CSE Trading Floor on Monday celebrated AFC’s latest step in promoting sustainable and socially…
COLOMBO, Sept 11, 2025 (ePRESS) – Sri Lanka will take out a yuan-denominated loan equal to $500 million to restart a stalled highway project, a top economic adviser to the president said Tuesday. The funding will allow construction on the Central Expressway to resume later this month, according to Duminda Hulangamuwa, the president’s senior economic…
KATUNAYAKE, Sri Lanka, September 10 (ePRESS) – The SriLankan Airlines Toastmasters Club has marked 23 years of helping its members build persuasive leadership and communication skills at its Annual Officer Installation Ceremony held at the SriLankan Aviation College in Katunayake. The club, formed to strengthen personal and professional growth among employees, has grown into one…