November 4, 2024
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5min
Nittambuwa, Thursday 31st October 2024: TransDigm Group is a US-based, 6.6 Billion USD company that employs over 16,000 people. A pioneer in the global aviation engineering services supplier industry, TransDigm is the parent company of AmSafe Bridport that operates in Sri Lanka. Since 2001, AmSafe Bridport has been in operations at the Wathupitiwala EPZ in […]

October 8, 2024
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3min
Colombo, 04th Oct, 2024 – Sunshine Healthcare Lanka Limited (SHL), the healthcare arm of diversified conglomerate Sunshine Holdings PLC (CSE: SUN), announced the successful conclusion of the approximately LKR 3,270 million equity investment from the International Finance Corporation (IFC), a member of the World Bank Group. This landmark investment strengthens SHL’s vision to expand healthcare […]

October 7, 2024
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3min
Emojot, a global leader in artificial intelligence (AI)-powered customer experience management, has announced a strategic leadership restructuring alongside securing a strategic investment from the United States (US). Both of these initiatives are aimed at accelerating the company’s growth and innovation. Accordingly, Dr. Shahani Markus, a seasoned entrepreneur and technology executive, will assume the role of […]

August 27, 2024
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4min
27 August 2024, COLOMBO – In a bid to combat the escalating challenges posed by climate change, Sri Lanka has commenced the formulation of its first Climate-Smart Agriculture (CSA) Investment Plan. This landmark initiative, funded by the Green Climate Fund (GCF) and implemented by the Food and Agriculture Organization of the United Nations (FAO) in […]

August 8, 2024
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7min
Cinnamon Serenity Villa in Haldummulla (https://cinnamonserenity.com)  has launched its latest project, an Rs. 100 million-worth investment, aimed at enhancing the luxury boutique experience for its local and foreign guests. The project involves the addition of five new villas under the luxury boutique category, designed with a strong focus on sustainable practices. They are also pursuing […]

August 5, 2024
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3min
Bangladesh and China convened a significant summit titled ‘The Rise of Bengal Tiger: Summit on Trade, Business and Investment Opportunities between Bangladesh and China’ on 09 July 2024, at Beijing’s China World Summit Wing to bolster their economic relations. Co-organized by BIDA and BSEC, the event received robust backing from key stakeholders, including the Bangladesh […]

June 19, 2024
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4min
Colombo, Sri Lanka, 19th June 2024: The DigiEcon 2024 Investment Summit, Sri Lanka’s premier technology and investment event organized by the Ministry of Technology and powered by Mastercard, is gearing up to host a remarkable lineup of speakers this year. The highly anticipated summit, scheduled for June 25, 2024, promises to unlock invaluable insights and […]

May 27, 2024
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4min
Local communication specialist group, Wire Communication Consultancy Holdings (Wire Group) has received a significant investment from a leading private investment fund, led by K P R B De Silva. The investment, which is undisclosed, underscores the confidence in Wire Group’s capabilities and positions the consultancy firm to expand its operations within the rapidly evolving communications […]

May 16, 2024
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5min
  Colombo, Sri Lanka, 16th May, 2024 – Port City Colombo, a visionary multi-service special economic zone poised to transform Sri Lanka into the next global investment destination, provides the opportunities to a diversity of companies to upscale their businesses within the property development and key thrust sectors, whilst being supported by strong investor mechanisms. […]

March 25, 2024
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4min
March 18, 2024: Sri Lanka’s leading diversified agribusiness company, Watawala Plantations PLC, announced a Rs. 1.86 million investment towards the installation of a dedicated electricity transformer, ensuring reliable power for Nakiyadeniya’s residents and its palm oil mill. The installation of the new transformer will help to reliably cater to growing demand for electricity for both […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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