Sri Lankan Fintech Startup Secures £4 Million Seed Funding Led by Barclays
WealthOS, a cloud-based wealth management platform founded by Sri Lankan entrepreneurs, has secured £4 million in seed funding. The round was led by.
Industry Analysis
Examining specific industries such as technology, healthcare, finance, and manufacturing, including trends, challenges, and opportunities within each sector.
Business
Industry Analysis
Tech
Business
Industry Analysis
Rayynor Increases Stake in Hayleys PLC, Becomes Second Largest Individual Shareholder
Electronic media mogul Rayynor Silva further expanded his holdings in Sri Lanka’s diversified blue-chip company, Hayleys PLC, by purchasing an additional 5 million.
- June 12, 2024
Business
Industry Analysis
Solar Power Surge in Sri Lanka as CEB Clears Long-Standing Debts
Sri Lanka’s renewable energy sector is buzzing with renewed optimism after the Ceylon Electricity Board (CEB) finally settled outstanding dues of around Rs..
- June 12, 2024
Business
Economics
Industry Analysis
Unilever Sri Lanka Takes a Big Step Towards Sustainability with New Solar Power Project
Horana, Sri Lanka – Unilever Sri Lanka recently inaugurated a significant solar power project at its Horana factory, demonstrating their commitment to environmental.
- June 12, 2024
Business
Industry Analysis
CALOnline 2.0: Investing Made Easier for Sri Lankans
The Capital Alliance (CAL) group has revamped its CALOnline platform, making it simpler than ever for Sri Lankans, particularly everyday investors, to access.
- June 10, 2024
Business
Industry Analysis
Colombo Gets a New Gem: Mövenpick Rebrands as NH Collection
Sri Lanka’s hospitality scene is set for a refreshingly sophisticated upgrade as Minor Hotels, a global leader in the industry, announces the rebranding.
- June 7, 2024
Business
Industry Analysis
TRCSL Gives Green Light for Starlink to Provide Internet Services in Sri Lanka
The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has issued preliminary approval for Starlink, the satellite venture of Elon Musk’s SpaceX, to commence.
- June 6, 2024
Business
Industry Analysis
Sunshine Holdings Achieves Record Revenue Growth in FY2024
Sunshine Holdings PLC (CSE: SUN), a leading diversified Sri Lankan conglomerate, reported strong financial performance for the year ended March 31, 2024. The.
- June 3, 2024
Industry Analysis
Tourism
Colombo Gets a Revamp! Softlogic Hotel Rebrands as NH Collection Colombo
Colombo’s hospitality scene is set for a refresh as Softlogic Holdings announces the rebranding of its city hotel. Effective June 1st, the property.
- May 31, 2024
Industry Analysis
Tourism
Aitken Spence Soars in Q4, Reports Strong Profits and Increased Tourism
Sri Lankan conglomerate Aitken Spence PLC announced a stellar fourth quarter, significantly boosting their overall financial performance for the 2023/2024 financial year. Key.
- May 29, 2024