Business News
Business LNP - Govt. approves concessions for tourism sector
The government today approved allowing relief to employees in the tourism sector, particularly those affected by the crisis due to COVID-19 pandemic. During…
Business LNP - Ceylon Chamber of Commerce to conduct the National SME Forum 2021
In an effort to support all players in the SME Eco-system, the Ceylon Chamber of Commerce has organized a National SME Forum in collaboration with public,…
Business LNP - Jaffna to get startup incubators
Northern province city, Jaffna will soon see the establishment of startup incubators to support budding entrepreneurs with the Prime Minister’s office having…
Business LNP - Online liquor sales; Finance Ministry approves proposal
The Ministry of Finance has granted approval to a proposal submitted by the Excise Department to allow consumers to purchase liquor online through supermarket…
Business LNP - Salt export project to net USD 200 mn annual revenue
Lanka Salt Ltd, Hambantota which suffered Rs. 200 million loss in 2019 under the previous regime has made a dramatic turnaround and has posted a Rs. 47 million…
Business LNP - Luxury SUVs for MPs While Imports for Doctors & General Public Held Indefinitely from March 2020
The Ceylon Motor Traders Association (CMTA) has expressed its concerns on the decision the Government has taken to import 400 vehicles – including 227 luxury…
Business LNP - Prez. calls on investors to explore SL’s medical tourism industry
As Sri Lanka is currently pitching itself to the world as an attractive investment destination, President Gotabaya Rajapaksa today called on investors to…
Business LNP - Govt to release confiscated essential items for retail consumption
Ports and Shipping Minister Rohitha Abeygunawardane, along with the Trade Minister, has secured Cabinet approval to release confiscated essential items held by…
Business LNP - ‘No immediate impact on import, exports, shipping line activities’
Port activities in Sri Lanka have not slowed down due to fire that ignited on board MV X-Press Pearl container vessel, said Sri Lanka Shippers’ Council…
Business LNP - EU, WB support modernization of SL’s agri sector
The Ministry of Finance and the World Bank recently signed a new grant from the European Union to support the Agriculture Sector Modernization Project (ASMP).…
Business LNP - Aitken Spence Non-Tourism Sectors Record Highest Ever PBT of Rs. 5 Billion in 2020-2021
During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest…
Business LNP - Cabinet halts import of limited number of vehicles
The Cabinet, headed by Prime Minister Mahinda Rajapaksa, decided to suspend the importation of a limited number of vehicles today (24) in view of the current…
Business LNP - April exports up by 183% to US$ 798.9 mn
Sri Lanka’s export performance continued its upward momentum in the first three months of 2021. Due to the Covid-19 pandemic induced lockdown last year,…
Business LNP - Hemas welcomes MoH request seeking Pvt. sector assistance on vaccine procurement
Sole local representative for AstraZeneca and Pfizer in Sri Lanka, Hemas Pharmaceutical (Pvt) Ltd said it welcomes the request by the Ministry of Health (MoH)…
Business LNP - Hayleys delivers record PBT of Rs. 19.23 billion; Foreign currency earnings exceed USD 600 million
The Hayleys Group delivered the highest revenue and profit in its 143-year history during FY 2020/21. The revenue increased to Rs 241.28 billion whilst Net…
Business LNP - Govt. shoots down business community request to purchase AstraZeneca vaccines for second jabs
The government has shot down a latest request by the private sector to pay for the importation of Astra Zeneca vaccines for the corporate world as several are…
Business LNP - Penalties imposed on two financial institutions
The Financial Intelligence Unit (FIU) of the Central Bank announced it has imposed penalties on two financial institutions amounting to Rs.4.0 million during…
Business LNP - “Tyre shortage looming in local market”
There is an acute shortage of nearly one million brand new tyres in the local market as a result of the import restrictions by the government since2020.…
Business LNP - Singer wins Retail Brand of the Year
Singer (Sri Lanka) PLC, was recently bestowed with the coveted “Retail Brand of the Year Sri Lanka 2021” award at the 11th Global Banking and Finance Review…
Business LNP - Sri Lanka Vannamei prawns capture Jordanian market
The Sri Lanka Embassy in Jordan in its efforts to drive high value aquaculture commodities from Sri Lanka into Jordan under its economic diplomacy initiative,…
Business LNP - Construction Industry Stakeholders of Sri Lanka and Nepal discuss areas to strengthen collaboration
Sri Lanka Embassy in Nepal partnered with the Export Development Board of Sri Lanka (EDB) to connect construction industry stakeholders of the two countries in…
Business LNP - Business sentiment rose ahead of the festive season but may wane in its aftermath
As the country looks to accelerate its recovery, striking a balance between supporting the economy through the pandemic and ensuring fiscal sustainability will…
Business LNP - Govt. mulls pension scheme for private sector
The attention of the government has been drawn to introduce a pension scheme and a Social Security Fund for the private sector employees, Labour Minister Nimal…
Business LNP - Local company sealed off after tests confirm presence of Aflatoxin in coconut oil
The Consumer Affairs Authority (CAA) has taken measures to seal off a local coconut oil manufacturing company after it was confirmed its products contain the…