Business News
Business LNP - CB further tightens noose on imports to preserve currency
The Central Bank of Sri Lanka (CBSL) announced today its decision to impose a 100 percent cash margin deposit requirement against the importation of selected…
Business LNP - 35 acres land of Welikada prison complex to be allocated for investments
Around 35 acres of land out of 40 acres of the Welikada Prison premises in Borella will be set aside for investments after the prison complex is moved to…
Business LNP - SL lose Rs. 1,600 Bn revenue due to Covid this year: Basil
Sri Lankan government has lost a total revenue of Rs 1,600 billion this year due to COVID-19 pandemic, Finance Minister Basil Rajapaksa told Parliament today.…
Business LNP - UK’s ‘Global Business Outlook’ honours ComBank Sri Lanka and Bangladesh
Confers awards for ‘Best SME Bank’ in Sri Lanka and ‘Best Foreign Bank’ in Bangladesh in 2021 The Commercial Bank of Ceylon has been declared the ‘Best SME…
Business LNP - Over 30 cities suspend business operations
Business operations of at least 31 cities across the country have been suspended as of today while another 15 cities have suspended operations today due to the…
Business Sri Lankan retailer sells firewood online
A Sri Lankan online retailer is selling firewood online and reportedly had sold more than 1000 bundles of firewood, as the country was facing an acute scarcity…
Business LNP - Indian investors keen to invest in Sri Lanka renewable energy sector – High Commissioner Gopal Baglay
High Commissioner of India to Sri Lanka Gopal Baglay called on Foreign Minister Dinesh Gunawardena on 03 August, 2021. Minister Gunawardena thanked the…
Business LNP - Facebook Marketplace Comes to Sri Lanka
Facebook has announced that Facebook Marketplace is now available in Sri Lanka, making it easier for people to discover, buy and sell items from others in…
Business LNP - Pan Asia Bank records Impressive Performance amidst Challenges – Profit after Tax soars by 50% to post Rs. 1,356 Mn
Pan Asia Banking Corporation PLC reported an impressive performance for the six-month period which ended 30 June to report a Pre-Tax Profit of Rs. 1,822…
Business LNP - Agri, industrial sectors grow in 1H of 2021
Though key commercial crops had a robust first quarter, we expect 2Q sector performance to be more-or-less mixed as the country went into an island-wide…
Business LNP - EDB organizes stakeholder forum on organic agricultural exports
The Sri Lanka Export Development Board (EDB) in association with the Sri Lanka Accreditation Board (SLAB) under the guidance of the Ministry of Trade organized…
Business LNP - Pelwatte Dairy records 148% increase in Profits Before Tax surmounting COVID challenges
Pelwatte Dairy, one of the leading dairy brands in Sri Lanka that locally produces a range of dairy products and saves foreign exchange for the country, has…
Business LNP - The Chamber Academy holds webinar on ‘Business Planning in the Age of AI’
The Chamber Academy, the knowledge arm of the Ceylon Chamber of Commerce in partnership with Hutchison Telecommunications Lanka (Pvt) Ltd, London Stock…
Business LNP - Amendments will be brought to Finance Bill - AG
The Attorney General today informed the Supreme Court that several amendments will be brought to the proposed Finance Bill and the final version of the bill…
Business LNP - SriLankan experiences 70% revenue reduction during financial year 2020/21: Chairman
SriLankan Airlines experienced a revenue reduction of 70% during the financial year 2020/21 when compared to the year before, SriLankan Airlines Chairman Ashok…
Business LNP - United States provides USD150 Mn to DFCC Bank towards facilitating inclusive growth of Sri Lankan Small and Medium sized businesses
The United States is contributing to Sri Lanka’s economic resilience through the provision of a financial facility of USD 150Mn. The facility awarded by the…
Business LNP - Over 1K tourism sector employees receive Covid-19 jab in H’tota
Vaccination drive for the tourism industry kicked off over the weekend and over 1000 employees attached to the sector in the Hambantota District received their…
Business LNP - 2% additional interest rate for SDAs
Additional interest up to 2 percent per annum will be extended for two years for Special Deposit Accounts (SDAs), the Central Bank said today. “Considering the…
Business LNP - Update: Basil finally gets Finance
Basil Rajapaksa was sworn in as the Finance Minister before President Gotabaya Rajapaksa a short while ago. Prime Minister Mahinda Rajapaksa who held this…
Business LNP - Priority given to import electric vehicles to reduce air pollution
A cabinet Memorandum was presented last week in view give priority to import electric vehicles to reduce air pollution in the country, Environment Minister…
Business LNP - Coronavirus: Daily case count drops to 816 amidst health sector strikes
The Epidemiology Unit of the Health Ministry reports that another 235 persons have tested positive for COVID-19 in Sri Lanka, moving the daily total of new…
Business LNP - Sri Lanka Embassy in Japan Facilitates Three Virtual Investment and Export Webinars
Sri Lanka Mission in Japan facilitated 3 online promotional events to increase exports to Japan and investment to Sri Lanka including country specific session…
Business LNP - Softlogic Finance’s Growth Trajectory Backed by Shareholder Confidence
Zero NPLs on Rs. 14 Billion worth loans in a globally challenging year Softlogic Finance PLC, a subsidiary of Softlogic Capital the financial arm of the…
Business LNP - Railway trade union launches token strike
Locomotive Engine Operators’ Union has launched a token strike from 8.00 am today (June 30). Its secretary, Indika Dodangoda said the trade union action was…