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Affordable work spaces on offer near Cinnamon Life

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Cosmos Workspaces, Colombo’s newest office space innovator, has launched its unique brand of services and facilities to solopreneurs, local SMEs, and international businesses looking to set up operations in the heart of the city’s up-and-coming central business and lifestyle hub in Colombo- 2, a company news release said.

“Employees who have found themselves working from home as a result of the pandemic have come to recognize the many challenges that arise from a home office. Additionally, freelancers, entrepreneurs, and also small businesses and start-ups in Colombo and abroad, are constantly on the lookout for a convenient and well-equipped workplace in the city while also economizing on the operational aspects of running a full-fledged office,” it said.

“Cosmos Workspaces will feature both on-demand and members-only individual and team spaces and will allow both individuals and companies to find the perfect flexible, creative workspace from which to work, collaborate, and even build connections.”

The new space will operate 24/7, and offer desk, office, boardroom and meeting room rentals on an affordable and/or yearly basis, equipped with high-tech amenities such as high-speed internet, photocopying and printing services, own telephone line and intercom, as well as ample parking spaces for those driving to work, it said.

“What makes Cosmos Workspaces most appealing however, is that it also provides secretarial services -with a dedicated reception-, in-house IT solutions, investment banking services, and also company registration inclusive of individual P.O. Boxes,” the release added.

“From its highly sought address within close proximity to the Cinnamon Life mixed development project, Cosmos Workspaces also serves up a neighbourhood of endless conveniences. With a wide range of restaurants, banking facilities, a world class shopping centre, and residential apartments in its immediate vicinity, Cosmos’ superior office spaces boasts a dynamic and abundant locale. Accessible from arterial roads and within walking distance of main public transport terminals, professionals and companies choosing to set up at Cosmos Workspaces also benefit from commuter accessibility.”

“Cosmos Workspaces was founded with the aim to provide a solution for small and medium sized businesses looking to operate efficiently without having to lease out an entire office space, or those aspiring to get local business efforts up and running,” said Meredith Ivor, Director Operations of Cosmos Workspaces. “By providing our set of truly exclusive resources at reasonable rates, we hope to be able to provide companies with a platform to not just help the local business community thrive, but also on the long-term, to contribute productively to the country’s economy as a whole.”



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Business

‘Green Chilies’ returns after seven years to reignite Sri Lanka’s advertising industry spirit

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After a seven-year hiatus, one of Sri Lanka’s most loved advertising industry gatherings is making a much-anticipated return. Green Chilies 2026, the iconic festival that once defined the fun, camaraderie and creative spirit of Sri Lanka’s advertising fraternity, returns on 4th June 2026 at Rise Up, Colombo 03, bringing together professionals from across agencies, media, digital, production and marketing for an evening of celebration, entertainment, and industry camaraderie.

Originally launched in 2011, Green Chilies was conceived as a platform to celebrate Sri Lanka’s Young Lions winners as they embarked on their journey to represent the country at the prestigious Cannes Lions International Festival of Creativity, while also creating a unique opportunity for the industry to come together outside boardrooms and deadlines.

This year’s revival comes at an especially meaningful time, as an entire new generation of industry professionals have entered the business without ever experiencing the culture and energy that made Green Chilies such a defining event. Some key highlights will be the recognition of the winners of the young Lions competition and the much-loved return of The Agency Idol, the wildly entertaining competition where agencies battle it out on stage in a spirited showcase of talent, humour, and creativity, bringing back one of the event’s most iconic traditions.

Speaking about the return of the festival, Ranil de Silva, Founder of Green Chilies and of Metal Factor, said: “When we first launched Green Chilies, the idea was simple. It was to celebrate our Young Lions and create something that brought the industry together as one community. Over the years it became far more than an event, it became part of our industry culture. Seeing it return after seven years is very special, particularly because so many young professionals will now get to experience the spirit that made this industry such a fun and inspiring place to be.”

Green Chilies 2026 is organized by Metal Factor and supported by the 4A’s Sri Lanka.

Event Details:

Venue: Rise Up, Alwis Place, Colombo 03

Date: Thursday, 4th June 2026

Time: From 6.30 PM onwards

Contact : Shelley +94 77 342 3123

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JKH posts 75% EBITDA growth to Rs.80.01 billion as recent investments begin to contribute

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Krishan Balendra, Chairperson and CEO

John Keells Holdings PLC (JKH) reported a strong financial performance for FY2025/26, with Group EBITDA increasing 75% to Rs.80.01 billion, reflecting the contribution of investments made over the past several years and the continued performance of the Group’s established businesses.

Group recurring EBITDA increased 71% to Rs.78.05 billion, compared to Rs.45.69 billion in the previous year, driven primarily by Retail, Transportation and Leisure. Recurring profit before tax rose 143% to Rs.35.72 billion, while recurring profit attributable to equity holders of the parent increased 155% to Rs.13.24 billion.

The year also marked the culmination of the largest investment phase in the Group’s history, with the operationalisation of key investments signalling a shift in the capital cycle from development to contribution. Overall funding requirements reduced materially in line with expectations, while net debt to EBITDA stood at approximately 2 times and net debt to equity at approximately 31%.

City of Dreams Sri Lanka recorded positive EBITDA for the full year, following the completion and launch of the remaining components of the integrated resort. Cinnamon Life’s conference and event spaces attracted interest from local and international organisers, while casino operations showed an encouraging pick-up from the fourth quarter onwards.

Colombo West International Terminal, the project company of WCT-1, recorded strong throughput growth during the year, supported by an improving volume mix. The business delivered a positive profit after tax ahead of expectations, despite recognising depreciation relating to phase 1, and has reached full utilisation of phase 1 capacity based on its latest monthly run-rate.

John Keells CG Auto recorded an exceptional year, supported in part by pent-up demand and the brand positioning and vehicle range of BYD.

The Supermarket business recorded approximately 14% growth in same store sales, driven primarily by a 14.3% increase in footfall. The Beverages and Confectionery businesses recorded strong volume growth, with Beverages benefiting from higher margins, while Confectionery margins were impacted by higher raw material costs and expenses linked to new product introductions.

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RCSS receives Chatham House Senior Research Fellow for discussion on South Asian Regionalism

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Dr. Chietigj Bajpaee, Senior Research Fellow for South Asia, Asia-Pacific Programme at Chatham House, visited the Regional Centre for Strategic Studies on 26 May 2026 and met with the ED/RCSS, Ambassador (Retd.) Ravinatha Aryasinha, and researchers at the Centre. The discussion focused on Regionalism in South Asia and evolving geopolitical developments in the region.

Ambassador Aryasinha detailed the recent and ongoing initiatives undertaken by the RCSS and its wide Alumni Network spread throughout the region in strengthening South Asian solidarity. Dr. Bajpaee impressed on the need to consider alternative forms of regional cooperation in South Asia given the absence of India–Pakistan normalization, resulting in the stagnation of SAARC and the growing pull towards external regional frameworks such as the Regional Comprehensive Economic Partnership (RCEP). The two parties explored possibilities beyond state-led regionalism, including stronger networks among civil society, think tanks, diaspora groups, and business communities, as well as thematic “mini-lateral” cooperation on issues such as climate adaptation and maritime governance.

Ms. Chamika Wijesuriya, Ms. Thedini Herath, and Shayan Peris, Research/Programme Officers at RCSS, were associated with the discussion.

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