Business LNP - Oral public consultations on electricity tariffs to begin today
The oral sessions for gathering public opinions on the proposed electricity tariff revision will commence today (27). The first session will take place today…
Business News
Business 
Business LNP - Sri Lanka’s inflation drops further in November 2024
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -1.7% in November 2024 from -0.7% in October 2024,…
Business LNP - ASPI crosses 15,000 points for first time ever
The All Share Price Index (ASPI) of the Colombo Stock Exchange recorded a new all-time high today (23), surpassing the 15,000 points mark for the first time in…
Business LNP - CBSL introduces new loan rescheduling measures for SMEs
The Central Bank of Sri Lanka (CBSL) has issued a circular to licensed banks recently, highlighting relief measures to be provided to Small and Medium…
Business LNP - Lotus Tower extends operating hours till January 2
The Colombo Lotus Tower Management Company (Private) Limited has announced extended operating hours for the festive season. The tower will be open to the…
Business LNP - Hybrid vehicle import tax based on engine capacity will reduce costs, satisfy all
If hybrid vehicle imports are taxed based on their engine capacity, it will satisfy both consumers and the government, while reducing the prices of existing…
Business LNP - Cabinet approval to import salt to resolve shortage
The Cabinet of Ministers has granted approval for the import of up to 30,000 metric tons of non-iodized salt by the State Trading Corporation to address the…
Business LNP - ADB extends $150 million line of credit to CEB
Asian Development Bank (ADB) and Ceylon Electricity Board (CEB) signed an agreement on Thursday for the ADB to provide a loan of $150 million to the CEB. ADB…
Business LNP - Withholding Tax to be increased to 10%
President Anura Kumara Dissanayake announced that the Withholding Tax will be increased from 5% to 10%. Speaking in Parliament today (18), he said that the…
Business LNP - Sri Lanka to allow vehicle imports from February 2025
President Anura Kumara Dissanayake has announced that the government has decided to allow the import of vehicles for personal use, with effect from February…
Business LNP - Expressway exits accept only local currency, inconveniencing tourists and locals: Official
Tourists and the local community face inconvenience when making payments at expressway toll gates, as they currently accept only Sri Lankan currency Although a…
Business LNP - Sri Lanka’s economy grows 5.5% in Q3 2024
The year-on-year GDP growth rate for the third quarter of 2024 has been reported as 5.5 percent of positive growth rate, the Department of Census and…
Business LNP - ASPI crosses 14,500 points to set new all-time high
The All-Share Price Index (ASPI) of the Colombo Stock Exchange has exceeded the 14,500-points mark for the first time in history. Accordingly, the index gained…
Business LNP - New online portal launched to verify legally imported vehicles
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has launched an investigation into the nearly 6,000 vehicles across Sri Lanka which…
Business LNP - CPC refutes fuel shortage
The Ceylon Petroleum Corporation (CPC) yesterday refuted certain reports about a possible fuel shortage due to a fuel shipment imported by a private company…
Business LNP - ASPI crosses 14,000 points for first time ever
The All Share Price Index (ASPI) of the Colombo Stock Exchange recorded a new all-time high today (12), surpassing the 14,000 mark for the first time in…
Business LNP - Cinnamon Hotels & Resorts to energise Sri Lanka’s hill capital with the launch of Kandy Myst by Cinnamon
Cinnamon Hotels & Resorts, in partnership with Indra Traders, is set to expand its footprint in Sri Lanka’s hill capital, at the start of 2025, with the…
Business LNP - PUCSL’s final decision on electricity tariff revision on Jan. 17
The final decision of the Public Utilities Commission of Sri Lanka (PUCSL) on the proposed electricity tariff revisions will be announced on 17 January 2025,…
Business LNP - Sri Lanka secures USD 50 million loan from OPEC Fund for economic recovery
The Government of Sri Lanka has submitted a request to the OPEC Fund for International Development to secure funds to finance Sri Lanka’s Comprehensive Reform…
Business LNP - Sufficient stocks of eggs to meet market demand
The Sri Lanka Association of Animal Production announced today that sufficient stocks of eggs have been released to the market to prevent any shortages.…
Business LNP - No bonuses for CEB employees this year
The Ceylon Electricity Board’s (CEB) Board of Directors has decided not to grant bonuses to its employees this year, despite the CEB Employees’ Union…
Business LNP - November tourism earnings jump to US$ 273 mn on solid winter season arrivals
Tourism earnings in November 2024 recorded US$ 272.9 million, rising sharply from US$ 205.3 million in the same month a year ago and US$ 185.6 million…
Business LNP - CEB to submit revised electricity tariff proposal to PUCSL today
The Ceylon Electricity Board (CEB) has announced that it will submit its proposal for the revision of electricity tariffs to the Public Utilities Commission of…
Business LNP - Sri Lanka eyes transforming tourism for thriving economy
Sri Lanka Tourism Development Authority (SLTDA) Chairman Buddhika Hewawasam on Thursday made a compelling case to transform the tourism industry to a…