Business News
Business LNP - India’s economy to contract as Covid-19 cases soar
India’s economy may shrink in the current quarter as Covid-19 cases surge, but the country could recover in the next one, according to two economists. On…
Business LNP - Port City to have significant impact on economy -ICCSL
The International Chamber of Commerce, Sri Lanka ( ICCSL) in a statement issued on Monday said “The Port City project will have a significant impact on the…
Business LNP - Fashion designers say cost of production up due to import restrictions
Fashion designers are struggling to keep up with the fast-changing trends in the country, as challenges in sourcing raw materials has led to a slowdown in…
Business LNP - In view of boosting night economy Diana proposes to extend opening hours of bars
Opening hours of bars in hotels and liquor shops should be extended in order to create a night economy in Sri Lanka, MP Diana Gamage proposed in Parliament…
Business LNP - Sri Lanka’s Niftron Raises Rs. 21 Million Capital from LAN’s Angel Fund
The Angel Fund has announced a Rs. 10 million investment in Niftron, a blockchain-as-a-service (BaaS) platform that aims to make blockchain simpler and more…
Business LNP - Union Assurance awarded Life Insurance Company of the Year at Business Leader Awards
Affirming its leadership in the country’s fast-growing insurance industry, Sri Lanka’s premier life insurer Union Assurance recently celebrated a sweeping…
Business LNP - Sri Lanka Investment Forum to Feature Over 50 Projects and Corporate Investment Opportunities
Sri Lanka’s Investment Showcase to the World on 7-9th June Themed “Sri Lanka – Asia’s Next Growth Haven”, the Sri Lanka Investment Forum (SLIF) 2021 jointly…
Business LNP - Suspicion leads to adulterated liquor entering market
Suspicion surrounds over an incident where two persons who had died over alcohol poisoning in Galenbindunuwewa and another hospitalised in a critical condition…
Business LNP - Remaining importers notified to re-export carcinogenic coconut oil stocks
Sri Lanka Customs has informed the 02 remaining importers to re-export their coconut oil stocks containing carcinogens. Katana Refineries, one of the three…
Business LNP - B2B meeting to boost Sri Lankan exports of fruits and vegetables to Oman
Sri Lanka Embassy in Oman jointly with the Sri Lanka Export Development Board, organised a virtual B2B meeting between Carrefour Oman and eight prominent Sri…
Business LNP - SL to import dehydrated coconut chips to manufacture coconut oil
Sri Lanka will import 39,000 tonnes of dehydrated coconut chips to manufacture coconut oil to meet the local demand for edible oil without any shortage to be…
Business LNP - More compensation payments to The Finance depositors from today
Payment of Additional Compensation under the Sri Lanka Deposit Insurance and Liquidity Support Scheme The Central Bank of Sri Lanka wishes to inform the…
Business LNP - Singaporean company makes pork from Sri Lankan Jackfruit
Creating pork from jackfruit: How this whole-plant start-up is taking on Asia’s multibillion-dollar meat industry Appetite for alternative meat is growing…
Business LNP - Special permit to import palm oil for bakery needs
A special permit procedure will be introduced to import Palm oil required for the production of bakery and confectionery products, says Minister of Trade…
Business LNP - Import restrictions on ceramic imports to be relaxed soon
The government intends remove the current import restrictions on tile and sanitary ware soon and Sri Lanka will locally produce 80 percent of its tile…
Business LNP - Malaysia irked by Sri Lanka’s palm oil import ban
Malaysia, one of the two key sources from where Sri Lanka imports palm oil, appears to have been visibly irked by President Gotabaya Rajapaksa’s move to ban…
Business LNP - From mine to market – showcasing Sri Lanka’s jewellery legacy to the world
The Sri Lanka Gem and Jewellery Association (SLGJA) hosted their second Key Person’s Forum for the industry recently, with the objective of facilitating the…
Business LNP - Business sentiment picks up as economic activity shows signs of a slight recovery
Sri Lanka recently received its first shipment of 264,000 vaccines of the Oxford-AstraZeneca vaccine as part of the interim allocation of 1.44 million doses to…
Business LNP - Sri Lanka spent Rs. 1,239 billion to import vehicles from 2015-19
State Minister of Money & Capital Market and State Enterprise Reforms, Ajith Nivard Cabraal, says that Sri Lanka had spent Rs. 1,239 billion to import…
Business LNP - South Korea’s LG smartphones exit from market
SEOUL (Reuters) - South Korea’s LG Electronics Inc will wind down its loss-making mobile division after failing to find a buyer, a move that is set to make it…
Business LNP - Textrip of Elasto Group launches website with e-commerce features
ri Lanka’s premier manufacturer and exporter of natural latex based Progressive Resistance Bands and Exercise-Sports Products, Textrip (Pvt) Ltd. of Elasto…
Business LNP - Business Keells Food Products expands its solar strategy with Sino Lanka Power Gen
Sino Lanka Power Gen has partnered with Keells Food Products PLC (KFP), for the installation of a solar photovoltaic (PV) system at their factory in Ekala,…
Business LNP - Lakmee Exports Lanka forays into salt production
Lakmee Exports Lanka (Pvt) Ltd, is a key player in the consumer products sector themed as ‘Ape Kamai – Ape Rasai’ dedicated to providing healthy and tasty…
Business LNP - Elephant House clinches two Golds, special award at NCE Export Awards 2020
Sri Lanka’s legendary 155 year old and favourite household consumer foods brand Elephant House has clinched two Gold awards along with a Special Award at the…