99x Launches Xianix in Oslo, Marking a New Era of AI-Native Software Delivery Processes and Tools
99x has officially launched xianix.ai, its open-source AI platform designed to help organisations harness the full potential of Artificial Intelligence in the software delivery lifecycle. The launch took place in Oslo, Norway, during 99x’s Breakfast Seminar, “The 10X Productivity Promise: Can AI Deliver?”, bringing together technology leaders to explore how AI is reshaping productivity of […]
Sampath Bank Leads Sri Lanka’s Financial Future with Landmark Agreement for Port City Colombo Branch
Sampath Bank PLC has officially received approval from the Governing Board of the Central Bank of Sri Lanka to establish a dedicated branch within Port City Colombo, marking a significant move that reinforces Sri Lanka’s ambition to emerge as a globally connected financial and investment hub. This milestone represents a major step forward not only […]
Huawei and Partners Receive GSMA Global Mobile LATAM Award for Tech4Nature Mexico Project to Protect Jaguars
Huawei received the Global Mobile (GLOMO) LATAM award on May 13 for Social Impact in Latin America for its Tech4Nature – Dzilam de Bravo Nature Reserve project in Yucatan, Mexico. The GLOMO, which was awarded by GSMA at M360 LATAM 2026, recognizes the project’s contribution to environmental conservation for using technology to protect jaguars in […]
Sunshine Holdings delivers 11.2% top line growth in FY26 while navigating Healthcare margin pressures
May 29, 2026: Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) recorded consolidated revenue of LKR 65.9 billion for the year ended 31 March 2026 (FY26), reflecting an 11.2% year-on-year (YoY) increase. Growth was supported by continued expansion in Healthcare, improving momentum in Consumer, and a stronger contribution from Agribusiness. While profitability was impacted […]
CIC Holdings delivers over 24% net profit growth in FY26 amid sectoral resilience
Diversified conglomerate CIC Holdings PLC (CSE: CIC) recorded steady revenue growth during the year ended 31 March 2026 (FY26), navigating weather-related disruptions and sectoral cost pressures. The Group posted consolidated revenue of Rs. 91.75 billion, reflecting 10.16% year-on-year growth, driven by resilient performance across its diversified portfolio. Group gross profit rose to Rs. 24.09 billion, […]
Sampath Bank and John Keells CG Auto (Pvt) Ltd Offer Preferential Rates and Insurance Financing for NEV Buyers
Sampath Bank PLC recently entered into a Memorandum of Understanding (MoU) with John Keells CG Auto (Private) Limited to introduce preferential financial solutions for customers seeking to purchase new energy vehicle (NEV), supporting the growing shift towards sustainable mobility in Sri Lanka. The agreement, formalised at the BYD Head Office, brings together Sampath Bank and […]
HUAWEI Presents the Tau (τ) Scaling Law, Enabling Breakthroughs in Transistor Density and System Performance
Today, at the 2026 IEEE International Symposium on Circuits and Systems (ISCAS), He Tingbo from HUAWEI delivered a keynote speech titled “New Semiconductor Path in Practice”. In her speech, she presented the Tau (τ) Scaling Law, a new principle for guiding the future development of the semiconductor industry. This law proposes replacing geometric scaling with […]
MullenLowe’s Sampath Karunaratne Awarded Next Generation Leader Scholarship to Cannes Lions
MullenLowe Group Sri Lanka continues its creative dominance as Sampath Karunaratne, Creative Director, has been named the recipient of the 2026 Next Generation Leader Scholarship to attend the Cannes Lions International Festival of Creativity in France. This marks the second consecutive year that a MullenLowe Sri Lanka creative leader has been selected for the scholarship, […]
JAAF reaffirms confidence in long-term strength of Sri Lanka’s apparel industry
Sri Lanka’s apparel exports recorded a softer performance in April 2026, with total exports declining by 4.72% to US$ 328.15 million, compared to US$ 344.40 million in April 2025. The decline was mainly seen across key traditional markets, with exports to the UK down 16.91%, the EU down 8.78%, and the USA down 3.46%. However, […]
The EV Powerhouse XPENG G6 is Ready to Challenge the Tesla Model Y
The world is witnessing the rise of a new generation of technology companies that are no longer limiting themselves to one industry, one product, or one idea. Among them, XPENG has rapidly emerged as one of the most fascinating names redefining the future through artificial intelligence, robotics, intelligent mobility, and futuristic engineering in the global […]
