Mahindra Ideal Finance delivers strong FY25 results with 111% growth in disbursements and 41% surge in profits
• Profit after tax recorded at Rs. 146 million in FY25 • Q4 PAT surges 190% YoY to Rs. 69 million • Sharp improvement in asset quality with Gross Stage 3 ratio down from 5.25% in FY24 to 1.86% in FY25. One of Sri Lanka’s fastest growing finance companies, Mahindra Ideal Finance Limited (MIFL), posted […]
Press Release: Guided Meditation on TikTok for Well-Being
Breathe In, Scroll Out: TikTok Launches Guided Meditation Feature to Promote Mental Well-Being In a continued effort to support the mental well-being of its global community, TikTok has introduced a new in-app guided meditation feature to make mindfulness practices more accessible to users of all ages. The platform has also announced a $2.3M global mental […]
Sunshine Holdings concludes ‘Smart Life Challenge’, empowering employees to work healthy and retire healthy
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) recently concluded its impactful ‘Smart Life Challenge’, a distinctive HR-led initiative designed to foster long-term healthy lifestyles among employees. This successful initiative underscores Sunshine’s proactive approach to ensuring employees work and retire as healthy individuals, further strengthening its mission to nurture a positive and productive workplace. This initiative […]
Statement from the Joint Apparel Association Forum (JAAF)
Sri Lanka’s apparel exports recorded a strong performance in April 2025, with total exports rising by 15.14% compared to the same month last year. This growth was driven by robust demand from key markets, including the USA (up 6.83%), EU (excluding UK) (up 27.04%), and the UK (up 7.45%). Exports to other destinations also increased […]
Sampath Bank and United Motors Sign MOU to Offer Exclusive Leasing Benefits
Sampath Bank PLC entered into a strategic partnership with United Motors Lanka PLC (UML) and its subsidiary company Unimo Enterprises Ltd. to provide customers with exclusive leasing benefits and value-added services. The Memorandum of Understanding (MOU) was signed recently at the Sampath Bank Head Office, reinforcing the Bank’s commitment to delivering financial solutions that enhance […]
Stakeholders validate apparel curriculum for persons with disabilities
A diverse group of stakeholders from Sri Lanka’s apparel industry, vocational training institutes, the Department of Social Services, Vocational Training Authority, Tertiary and Vocational Education Commission, EFC’s disability resource centre, organizations for persons with disabilities and international development agencies convened recently at the NH Collection Colombo for a national workshop focused on validating an inclusive […]
MullenLowe Group Sri Lanka Appoints Sarah Nasry as Director & Chief Financial Officer
MullenLowe Group Sri Lanka (MLG) announced the appointment of Sarah Nasry as Director & Chief Financial Officer, effective immediately. In her new role, Sarah will lead both the Finance and Human Resources functions at MullenLowe Group Sri Lanka, playing a pivotal role in shaping the company’s financial strategy and people agenda. She holds a distinguished […]
Samsung Sri Lanka Ushers in Exceptional Galaxy S Series EMI Plans
Samsung Sri Lanka has launched an exciting range of EMI plans under its promotional campaign, giving customers the perfect opportunity to upgrade their smartphones and embrace the new year with innovation and style. At the heart of this campaign is Samsung’s premium flagship range — the Galaxy S Series, which is now available at significant […]
Samsung Unveils Vision AI for Neo QLED, OLED, QLED and The Frame TVs, Bringing Intelligent, Immersive & Adaptive Screens to Consumers
Samsung, Sri Lanka’s largest consumer electronics brand, announced the launch of its ultra-premium 2025 models of Neo QLED 8K, OLED, QLED TVs and The Frame lineup, bringing the revolutionary Samsung Vision AI technology to Sri Lankan consumers. At the heart of this launch is the new Samsung Vision AI that delivers an unparalleled home entertainment […]
Sunshine Holdings ushers in Sinhala and Hindu New Year with vibrant celebrations
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) marked the Sinhala and Hindu New Year with the ‘Sunshine Soorya Mangalyaya 2025’, bringing together over 750 employees to celebrate the Group’s annual traditional new year celebrations. Held at the Steel Corporation Ground in Athurugiriya, this year’s celebrations resonated deeply with Sunshine’s spirit of unity and collective joy. […]
