The National Chamber of Commerce of Sri Lanka (NCCSL) President, Deepal Nelson, extended congratulations to the newly appointed Government, emphasizing the trust and confidence placed in its leadership to guide the nation toward prosperity. “This milestone signifies the Government’s ability to steer Sri Lanka toward growth and stability. The NCCSL pledges its unwavering support for
The Chamber of Young Lankan Entrepreneurs (COYLE) held its flagship 2024 Leadership Forum at the Shangri-La Colombo, gathering thought leaders, entrepreneurs, and visionaries to chart a path for the future of business in Sri Lanka. This dynamic event was designed to inspire and equip the next generation of trailblazers in entrepreneurship and business innovation. The
The Executive Centre (TEC), Asia’s largest premium workspace provider, continues its strategic expansion in Sri Lanka with a new $750,000 investment. TEC has opened a new floor in the East Tower of Colombo’s iconic World Trade Centre, marking its fourth centre in the country. TEC initially entered the Sri Lankan market in 2017, establishing two
Hela Apparel Holdings PLC has successfully raised Rs. 1,596,826,135 through its recent rights issue, marking a significant step in the company’s financial strategy. The issue offered 319,365,227 Ordinary Voting Shares to existing shareholders on a proportional basis and was oversubscribed, showing strong backing from shareholders, including the company’s top three stakeholders. The funds raised will
Hela Apparel Holdings Plc, a leading apparel manufacturer in Sri Lanka, has successfully raised Rs 1.5 billion through a rights issue, according to a stock exchange filing. The company issued 319,514,110 ordinary voting shares, raising Rs 1,597,570,550 in total. The company previously announced in June that the funds from the rights issue would be allocated
Sri Lanka’s LTL Holdings is set to raise up to Rs. 20 billion through an initial public offering (IPO), subject to regulatory approvals, in what could become the largest IPO in the history of the Colombo Stock Exchange (CSE). The company, an affiliate of the Ceylon Electricity Board, initially focused on manufacturing transformers but later
WindForce PLC has reported an exceptional financial performance for the first quarter of the 2024/25 fiscal year, showcasing significant growth across key metrics. The company’s EBITDA surged by an impressive 87%, reaching Rs. 1.95 billion, up from Rs. 1 billion during the same period last year, reflecting the company’s strategic advancements and robust market position.
Jetwing Symphony PLC has announced the addition of Devaka Cooray and Hiran Cabraal to its Board as Non-Executive Independent Directors. Devaka Cooray, a seasoned finance professional, is a Fellow Member of the Institute of Chartered Accountants of Sri Lanka and the Chartered Institute of Management Accountants of the UK. He currently serves as Chairman of