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Chinese construction company Zhong Wei upbeat about SL growth prospects, opens office in Colombo

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Ms. Luo Xiaolan , Cai Zhenxi, and Ms. Luo Yan, the Chinese investors of Zhong Wei International Corporation pose for a photograph with W. T. N. Indunil, Director at their Colombo office.

By Sanath Nanayakkare

Zhong Wei International Corporation, one of the leading design and construction companies in China, has opened its office in Colombo under the name Zhong Wei Engineering Consulting Company Ltd., and has begun to engage with key stakeholders in the country, to explore the prospects of providing its services as the country’s recovery process is on track to start mega projects in the near future.

Chairman of the company, Luo Xiaolan said that they are keen to involve in mega development projects in the Colombo Port City, Hambantota Port, Expressway Network and are also looking at investing in power generation projects.

“Sri Lanka and China have maintained close bilateral relations over several centuries. In recent times China has been a key player in providing infrastructure to the government while several Chinese companies have invested in Sri Lanka. Our parent company was set up in 2009 in China and it has been expanding its global presence with sizable investments in Hong Kong, Cambodia, Macau, Myanmar, Mozambique and Indonesia. In fact, we had plans to enter Sri Lanka a few years ago, but the economic crisis delayed it,” she said.

Elaborating further she said:

“With Sri Lanka recovering faster than expected, we have decided to enter Sri Lanka. To facilitate our work, we have formed a joint venture company with Sri Wing Lanka Pvt. Ltd and have opened our office here.”

“We are specialised in providing engineering consultancy services and a full range of cost management services with our experience in world class construction projects. Zhong Wei International Corporation’s delivered projects include a 4-kilometer under sea road network in Hong Kong and more than 60 high-rise apartment buildings/ office complexes in China and other countries.”

“Zhongwei also has participated in over 30 national, provincial, and municipal-level industry standard formulation and research projects, and has been recognised as the preferred consulting firm by the Guangdong Provincial Government’s audit repository while repeatedly receiving public commendation from industry regulators. Today, we are a company with more than USD 500 million in revenue annually.”

“We have completed a fact finding mission in Sri Lanka involving both public and private sectors in line with our services, and the potential opportunities stemming from it are very encouraging. We will further evaluate the proposals we have received, and will be coming back to Sri Lanka in two months for follow-up action.”

Ms. Xiaolan said that in a bid to broaden the horizons of Sri Lankan youths in Engineering Management Services, her company is planning to offer about 50 fully-funded scholarships to study in leading Chinese universities.

W. T. N. Indunil, Director at Zhong Wei Engineering Consulting Company Ltd in Colombo said that the awarding of scholarships to selected Sri Lankan students will be done through Sri Win Lanka Pvt Ltd where he is the chairman and which is also the coordinating arm for Zhong Wei in Sri Lanka.”

Backed by a global perspective and profound cross-border project consulting expertise, Zhong Wei has successfully provided top-notch consultancy services for several Guangdong-Macao cooperative construction projects.



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Business

Dialog delivers strong growth, stronger national contribution in FY 2025

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Dialog Axiata PLC announced, Friday 6th February 2026, its consolidated financial results (Reviewed) for the year ended 31st December 2025. Financial results included those of Dialog Axiata PLC (the “Company”) and of the Dialog Axiata Group (the “Group”).

Group Performance

The Group delivered a strong performance across Mobile, Fixed Line and Digital Pay Television businesses recording a positive Core Revenue growth of 16% Year to Date (“YTD”). Group Headline Revenue reached Rs179.6Bn, up 5% YTD, despite the continued strategic scaling down of low-margin international wholesale business. In Q4 2025, Revenue was recorded at Rs46.5Bn up 2% Quarter-on-Quarter (“QoQ”) and 2% Year-on-Year (“YoY”).

The Group Earnings Before Interest, Tax, Depreciation and Amortisation (“EBITDA”) reached Rs86.0Bn up 30% YTD supported by Core Revenue performance and Cost Rescaling Initiatives. On a QoQ basis Group EBITDA demonstrated a modest growth to record at Rs23.0Bn up 2% QoQ with an EBITDA margin of 49.5% in line with the Revenue performance. Group EBITDA margin reached 47.9% for FY 2025, up 9.2pp.

Group Net Profit After Tax (“NPAT”) reached Rs20.8Bn for FY 2025, up 67% YTD mainly resulting from robust EBITDA growth, despite higher tax and net finance costs. Normalized for forex impact, NPAT growth was recorded at +>100% YTD to reach Rs22.1Bn. On a QoQ basis NPAT grew 3% to reach Rs5.9Bn resulting from strong EBITDA performance.

On the back of strong operational performance, the Group recorded Operating Free Cash Flow (“OFCF”)

of Rs49.3Bn for FY 2025 up >100% YTD.

Dividend Payment to Shareholders

In line with the dividend policy and financial performance of the Group and taking into account the forward investment requirements to serve the nation’s demand for Broadband and Digital services, the Board of Directors of Dialog Axiata PLC at its meeting held on 6th February 2026, resolved to propose for consideration by the Shareholders of the Company, a dividend to ordinary shareholders amounting to Rs1.50 per share. The said dividend, if approved by shareholders, would translate to a Dividend Yield of 5.0% based on share closing price for FY 2025. The dividend so proposed will be considered for approval by the shareholders at the Annual General Meeting (AGM) of the Company, the date pertaining to which would be notified in due course.

Company and Subsidiary Performance

At an entity level, Dialog Axiata PLC (the “Company”) continued to be the primary contributor to Group Revenue (76%) and Group EBITDA (74%). Aided by sustained growth in the Data segment and cost-rescaling initiatives, Company revenue was recorded at Rs135.8Bn for FY 2025, up 18% YTD, EBITDA rose 32% YTD to reach Rs63.6Bn. On a QoQ basis, Q4 2025 Revenue was recorded at Rs34.8Bn, down 1% QoQ due to a reclassification of Hubbing Revenue, while EBITDA decline 1% QoQ to record Rs17.0Bn, largely attributable to network restoration costs and donations made in relation to the Cyclone Ditwah relief efforts. Furthermore, NPAT was recorded at Rs15.6Bn for FY 2025, up 41% YTD. Normalised for forex impacts, the company NPAT was up +>100% YTD to reach Rs17.0Bn. On a QoQ basis, Company NPAT was recorded at Rs4.5Bn, down 6% QoQ.

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Ceylinco Life’s Pranama Scholarships reach 25-year milestone

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Ceylinco Life has announced the launch of the 25th consecutive edition of its flagship Pranama Scholarships programme, marking a significant milestone in the company’s long-standing commitment to recognising and rewarding excellence among the children of its policyholders.

Under the 2026 programme, the life insurance market leader will present scholarships with a total cumulative value of Rs. 22.7 million, continuing a rewards initiative that has now been conducted without interruption for a quarter of a century. Since its inception, the Ceylinco Life Pranama Scholarships programme has benefitted 3,466 students across the country, representing a total investment of Rs. 240 million in nurturing academic achievement and outstanding performance in sports, arts and other extracurricular pursuits.

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Sri Lankans’ artistic genius glowingly manifests at Kala Pola ‘26

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The spirit of Sri Lanka as it was ably captured by an artist.

The artistic genius of Sri Lankans was amply manifest all over again at ‘Kala Pola ‘26’ which was held on February 8th at Ananda Coomaraswamy Mawatha Colombo 7; the usual, teeming and colourful venue for this annual grand exhibition and celebration of the work of local visual artists.

If there is one thing that has flourished memorably and resplendently in Sri Lanka over the centuries it is the artistic capability or genius of its people. It is something that all Sri Lankans could feel a sense of elation over because from the viewpoint of the arts, Sri Lanka is second to no other nation. With regard to the visual arts a veritable dazzling radiance of this inborn and persisting capability is seen at the annual open air ‘Kala Pola’.

A bird of Sri Lanka created from scraps of iron waste.

All capable visual artists, wherever they hail from in Sri Lanka, enjoy the opportunity of exhibiting their work at the ‘Kala Pola’ and this is a distinctive ‘positive’ of this annual event that draws numberless artists and viewers. There was an abundance of paintings, sketches and sculptures, for instance, and one work was as good as the other. Ample and equal space was afforded each artist. Its widely participatory and open nature enables one to describe the exhibition as exuding a profoundly democratic ethos.

Accordingly, this time around at ‘Kala Pola ‘26’ too Sri Lankans’ creative efforts were there to be viewed, studied and enjoyed in the customary carnival atmosphere where connoisseurs, local and foreign, met in a sprit of camaraderie and good cheer. Many thanks are owed once again to the George Keyt Foundation for the presentation of the event in association with the John Keells Group and the John Keells Foundation, not forgetting the Nations Trust Bank, which was the event’s Official Banking Partner. The exhibition was officially declared open by Chief Guest Marc-Andre Franche, UN Resident Coordinator in Sri Lanka.

By Lynn Ockersz

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