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Pilot project to modernise public transport with 100 high-tech bus fleet
Daily FT
|June 04, 2025
THE Cabinet of Ministers on Monday gave its green light to modernise the public transportation system with the introduction of 100 new fleet of high-tech, low-entry, comfortable buses.
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The initiative proposed in the 2025 Budget, involves the establishment of a dedicated subsidiary company under the Sri Lanka Transport Board (SLTB). It will be incorporated under the Companies Act No. 7 of 2007 and will be responsible for the implementation and management of the proje
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Daily FT
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 the company's position as the Lowest Cost Bidder for one of Sri Lanka's most strategically significant renewable energy developments.
1 min
January 22, 2026
Daily FT
Dr. Anura Ekanayake appointed Chemanex Chairman, Waruna Madawanarachchi appointed to Board
CHEMANEX PLC has appointed Dr. Anura Ekanayake as Chairman of its Board and appointed Waruna Madawanarachchi as a Non-Independent, Non-Executive Director.
1 mins
January 22, 2026
Daily FT
Siddhalepa Ayurveda opens new outlet at BIA
SIDDHALEPA Ayurveda, a key pillar of the Hettigoda Group of Companies, has opened its newest outlet at the Departure Terminal of the Bandaranaike International Airport (BIA), Katunayake.
1 min
January 22, 2026
Daily FT
Classic Travel becomes No.1 Overall Partner for Qatar Airways
EXPOLANKA Leisure Cluster delivered a standout performance at the Qatar Airways Awards 2026, held in Colombo, with Classic Travel emerging as the No.1 Overall partner across all key categories.
1 min
January 22, 2026
Daily FT
Sri Lanka-Germany Business Council holds 26th AGM
THE 26th Annual General Meeting (AGM) of the Sri Lanka-Germany Business Council (SLGBC) took place at Hilton Colombo Residences, Colombo 2.
1 min
January 22, 2026
Daily FT
Carson Group updates on Indonesian Govt.'s move to nationalise palm oil plantations
CARSON Cumberbatch PLC and Bukit Darah PLC have issued their latest response to the Indonesian Government’s plans to nationalise its palm oil plantation.
1 min
January 22, 2026
Daily FT
Hela Apparel proposes $ 12 m stake transfer in Hela Brands
HELA Apparel Holdings PLC has called an Extraordinary General Meeting (EGM) to seek shareholder approval for the transfer of a majority stake in its overseas subsidiary, Hela Brands Ltd., in a deal valued at $ 12 million.
1 min
January 21, 2026
Daily FT
Maldives: 52 years of transformation into Asia's wealthiest nation per capita
IN 1971, Italian tour operator Giorgio Corbin arrived in Sri Lanka in search of the small dots he had seen on a world map.
6 mins
January 21, 2026
Daily FT
Tishan Subasinghe takes the reins as 28th President of CA Sri Lanka
THE Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) yesterday ushered in a new era of leadership with the formal induction of Tishan Subasinghe as its 28th President.
3 mins
January 21, 2026
Daily FT
Govt. must push reforms with 2026 FDI projected under $ 1 b: SCB
■ Delays in critical reforms lends to moderate FDI showing ■ Tourism mix, trade facilitation and export diversification flagged as priority areas ■ Single trade window, trade treaties and digitisation cited as urgent enablers ■ Finalising PPP law viewed as key to attracting large-scale FDI and infrastructure capital
3 mins
January 21, 2026
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