First Capital takes the lead in sustainability across the capital market industry
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a key player in Sri Lanka’s capital markets landscape, secured several global and local sustainability affiliations during FY 2025/26 while deepening its commitment towards responsible finance, climate accountability, financial inclusion and long-term stakeholder value creation. The year saw the company secure multiple globally recognised […]
Sri Lanka’s Largest Battery Energy Storage Programme to Strengthen Grid Stability and Accelerate Renewable Energy Integration
• Designed to store 40MWh of energy during daytime hours • Discharge up to 10MW to the national grid during evening peak demand periods • The deployment will introduce grid-forming battery storage technology across 13 substation sites • Directly supports Sri Lanka’s target of achieving 70% renewable energy generation by 2030 Sri Lanka is set […]
Capital Trust Properties renews strategic partnership with John Keells Properties
Partnership strengthens Capital Trust Properties’ role as a trusted transaction and advisory partner for Sri Lanka’s leading real estate developments Capital Trust Properties (CTP) has renewed its partnership with John Keells Properties to market its residential developments, including Cinnamon Life, TRI-ZEN, Viman and Vauxhall DSTRCT. The renewed partnership marks another milestone in Capital Trust Properties’ […]
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 […]
