Business News
Business LNP - Spa owners want laws to legalize and regulate their business expedited
Spa owners have called for expediting the legalization and regulating of their business so that it would become an official industry in Sri Lanka. Sri Lanka…
Business LNP - Sri Lanka’s overseas missions directed to identify new export markets, attract sustainable foreign investments
Minister of Foreign Affairs, Vijitha Herath, along with the Minister of Industry, Sunil Handunneththi, and Minister of Trade, Wasantha Samarasinghe, launched…
Business LNP - BYD roars back as SL’s vehicle market sees tepid growth
Chinese automaker BYD saw a dramatic 80 percent surge in vehicle registrations in August 2025, signalling a strong recovery after a temporary setback,…
Business LNP - CEB workers launch ‘sick leave’ trade union action today
Employees of the Ceylon Electricity Board (CEB) have decided to report sick today (17) as part of a trade union action. Chairman of the CEB Technical…
Business LNP - Substandard drug imports case: Indictments served on Keheliya and others
Former Minister Keheliya Rambukwella and several other defendants, accused of misusing government funds through the purchase of substandard human…
Business LNP - SL’s financial system confidence improves short term: CBSL survey
Confidence in Sri Lanka’s financial system has improved in the short term but concerns over medium-term risks persist, with the market participants flagging…
Business LNP - Online sex trade intensifies in Sri Lanka
Dozens of websites and mobile applications now openly display hundreds of advertisements daily - These services often involve women aged 18 to 27 and some…
Business LNP - CEB records over Rs. 5 bln profit in 2025 second quarter
The Ceylon Electricity Board (CEB) has reported a profit of Rs. 5.31 billion for the financial quarter ending on June 30, 2025. This marks a significant…
Business LNP - Sri Lanka Customs records highest-ever monthly revenue of Rs. 235 bln
Director General of Customs, Sunil Nonis, announced that Sri Lanka Customs recorded its highest-ever monthly revenue in history last month, with collections…
Business LNP - Sri Lanka’s central bank expects economy to grow by 4.5% in 2025
Sri Lanka’s economy will grow by 4.5% this year, the central bank said in a monetary policy report on Friday, despite some risks to the island nation’s…
Business LNP - 400 containers of imported salt stuck at Colombo Harbour due to bureaucratic delays: Unions
Approximately 400 containers containing around 28,000 metric tons of imported salt, intended for local packaging, remain stuck at the Colombo Harbour, unable…
Business LNP - Govt keen to increase export earnings to US$ 36 billion by 2030
Another round of discussions has been held to review and address challenges in achieving the government’s target of increasing export earnings to US$ 36…
Business LNP - India estimates about 55% of goods exported to US will face Trump tariff
About 55 per cent of India’s merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump’s administration, the…
Business LNP - Supermarket fined Rs. 600,000 for selling expired food items
The Aluthkade Magistrate’s Court has imposed a total fine of Rs. 600,000 on three branches of a leading supermarket chain after they pleaded guilty to selling…
Business LNP - US tariff reduction on Sri Lankan exports welcomed: Harsha
Expressing his happiness over the decision by the USA to reduce tariffs on Sri Lankan exports, Opposition MP Harsha de Silva said credit goes to all who worked…
Business LNP - Trump closes key trade loophole, impacting Shein, Temu orders
President Trump signed an executive order on Wednesday, July 30, ending the de minimis trade loophole that allows for low-value goods to be shipped to the U.S.…
Business LNP - John Keells responds to claims over BYD vehicle imports
In response to recent media reports and rising public concern over a consignment of BYD electric vehicles imported into Sri Lanka, John Keells CG Auto (Pvt)…
Business LNP - Sri Lanka’s exports to US surpass USD 250 million in June as Trump tariffs loom
Sri Lankan exports to the United States have increased in the month of June as the new 30% tariff rate announced by US President Donald Trump is set to take…
Business LNP - Japan agrees to continue granting scholarships to Sri Lankan public sector workers
The government of Japan has signed an agreement to continue its scholarship programme for executive-level government officials in Sri Lanka. Since 2010, the…
Business LNP - X-Press Pearl Disaster: SC orders shipping company to pay US$1 bln in compensation
The Supreme Court of Sri Lanka today (24) ordered a shipping company to pay US$1 billion in compensation for the environmental and economic damage caused due…
Business LNP - No decision taken to curtail vehicle imports – CBSL Governor
Neither the Central Bank of Sri Lanka (CBSL) nor the government has taken any decision to impose restrictions on vehicle imports at present, the Governor of…
Business LNP - State revenue up by nearly 20% in first five months of 2025
The state revenue has surged to Rs. 1,942.36 billion during the first five months of 2025, marking a 19.95% increase in comparison to the figures from the same…
Business LNP - EU warns of ‘grant scam’ targeting young Sri Lankan entrepreneurs
The European Union in Sri Lanka and the Maldives has issued an alert warning of a scam by an individual impersonating an official from the European Union (EU),…
Business LNP - Sri Lankan delegation to visit U.S. for trade talks
A Sri Lankan government delegation is set to depart for the United States on Friday (18) to hold negotiations aimed at reducing tariffs on Sri Lankan exports,…