Business News
Business LNP - SL continues to struggle with brand image, says tourism industry veteran
Says country being identified as both ‘Sri Lanka’ and ‘Ceylon’ makes marketing difficult Stresses need for global promotion campaign for tourism to kick off…
Business LNP - Vehicle import ban to continue for 6-7 months
The vehicle import ban, which has been in effect since March last year, is expected to continue for another six to seven months, Secretary to the Ministry of…
Business LNP - Board of Investment summoned before COPE tomorrow
The Board of Investment (BOI) has been summoned before Committee on Public Enterprises (COPE) on November 11, the committee’s chairman, Prof. Charitha Herath…
Business LNP - Pioneer e-commerce entity Kapruka aims for next growth phase via Rs. 500 m IPO
Aimed at riding its next growth wave, Sri Lanka’s pioneer e-commerce enterprise Kapruka is to list on the Colombo Stock Exchange via a Rs. 500 million Initial…
Business LNP - Committee on Public Finance approves amendment to increase borrowing limit
The amendment to the Appropriation Act No. 07 of 2020 to increase the borrowing limit was recently approved by the Committee on Public Finance chaired by…
Business LNP - INSEE Cement Enhances Logistics Operations to Meet Local Demand
NSEE Cement – currently operating at 3.6 million ton maximum production and import capacity – has added two more shipping vessels to its import logistics…
Business LNP - Interruptions to water supply if CEB doesn’t restore power breakdowns during strike: Water Supply Trade Union
The water supply could be disrupted if the Ceylon Electricity Board (CEB) is unable to restore power breakdowns during the protest, the convener of the Water…
Business LNP - HNB partners Keells supermarkets to disrupt digital payments with Dynamic QR
Sri Lanka’s most innovative private sector bank HNB PLC partnered with leading supermarket chain Keells to enable LANKA QR payments by facilitating Dynamic QR…
Business LNP - Ships carrying LP gas reaches Colombo Port: Litro Gas Company
While claiming the current shortage of 'Litro' gas is due to a distribution issue, a senior official of the Litro Gas Company said that ships carrying Liquid…
Business LNP - Rejection of organic fertilizer; a trade issue between supplier and Agri Ministry: Pathirana
The rejection to accept a consignment of organic fertilizer contaminated with hazardous substances shipped to Sri Lanka by the Quingdao Seawin Biotech Group…
Business LNP - Beware of Financial Scams
The Central Bank of Sri Lanka (CBSL) has been receiving information regarding certain Scams where organized parties seem to be claiming that they have large…
Business LNP - SL understands importance of maintaining balance between environment and human needs: Prez
President Gotabaya Rajapaksa has said that Sri Lanka, with its rich philosophical heritage shaped by the teachings of the Buddha, fully understands the…
Business LNP - Two nabbed with one million fake Euro currency
A woman and a man have been arrested by the STF with counterfeit currency bills worth one million Euros during a raid at Dematagoda. The STF said the raid was…
Business LNP - No fuel shortage, long queues due to rumours: CPC’s trade union
There is no shortage of fuel in the country and the reason behind having long queues is due to rumours spreading on social media regarding a possible fuel…
Business LNP - CB to propose resumption of car imports paid via foreign currency
The Central Bank is expected soon forward a proposal to the government for consideration, urging to explore the possibility of resuming car imports paid via…
Business LNP - Central Bank reconstitutes the Financial System Stability Consultative Committee
The Central Bank of Sri Lanka today said that its Financial System Stability Consultative Committee (FSSCC) has been reconstituted with eminent personnel in…
Business LNP - Increased demand for kerosene stoves in Pettah: Traders’
There is an acute scarcity of kerosene cookers in the Pettah market due to the sudden and colossal price increase of cooking gas, the Pettah United National…
Business LNP - Priority to import environment friendly electric vehicles to reduce air pollution: Amaraweera
The government is to give priority to import electric vehicles in the future as a measure to reduce air pollution in our country, Environment Minister Mahinda…
Business LNP - SL’s economy projected to grow by 3.3% amidst uncertainties -WB
Sri Lanka’s economy is projected to grow by 3.3 percent in 2021, but the medium-term outlook is clouded by pre-existing macroeconomic weaknesses and the…
Business LNP - Central Bank to make surrendering of export earnings mandatory
The Central Bank, under the instructions of newly appointed Governor Ajith Nivard Cabraal, will take such steps among others to replenish dwindling foreign…
Business LNP - 100% cash margin rule on non-essential imports removed
The 100 percent cash margin rule on non-essential imports will be removed with immediate effect, the Central Bank Governor Ajith Nivard Cabraal said.…
Business LNP - Prez pitches investment opportunities in SL to Kuwait
In an effort to increase Foreign Direct Investments (FDIs) into the country, the government has pitched Sri Lanka as a feasible destination for investments to…
Business LNP - Banks watchful of foreign currency transactions via cards
Local banks on their own have started implementing a set of measures on limiting foreign currency transactions via debit and credit cards due to the volatility…
Business LNP - Sri Lanka Retailers Association announces, Sri Lanka Retail Forum 2021
The Sri Lanka Retailers Association (Guarantee) Ltd (SLRA), recently entered in an MOU with the Ceylon Chamber of Commerce to organize the island’s premier…