Business LNP - Govt. approves resumption of vehicle imports from February after 5-year ban
The government has given the green light to resume vehicle imports, starting February next year, following a five-year suspension, President of the Vehicle…
Business News
Business 
Business LNP - No electricity tariff revision for this year: PUCSL
The Public Utilities Commission of Sri Lanka (PUCSL) announced that electricity tariffs will remain unchanged for this year, due to delays in the submission of…
Business LNP - Discrepancies in issuance of permits to expatriate workers to import electric vehicles
By Sujith Hewajulige There have been abuses in the issuance of permits for expatriate workers to import electric vehicles, according to an audit report. …
Business LNP - Jetstar Asia eyes Colombo as key market for regional growth and tourism
By Charumini de Silva Jetstar Asia yesterday launched its Colombo-Singapore direct route positioning itself as the only low-cost carrier connecting the…
Business LNP - Sri Lanka’s inflation drops to -0.7% in October
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -0.7% in October 2024 from -0.2% in September 2024,…
Business LNP - SL targets US $ 36bn in annual exports by 2029
By Nuzla Rizkiya The government has set its sights on an ambitious annual export revenue target of US $ 36 billion to be achieved by 2029, according to the…
Business LNP - Strategic branding key to SL’s success in India’s wedding market: Vandana Mohan
By Nishel Fernando Access to information and strategic branding are pivotal for Sri Lanka to emerge as a premier wedding destination for Indians, according to…
Business LNP - ADB approves USD 200 mln loan to strengthen Sri Lanka’s financial sector reforms
The Asian Development Bank (ADB) today approved a $200 million policy-based loan to further help the Government of Sri Lanka strengthen its financial…
Business LNP - The Onslaught of the Beedi Industry and its Impact on Sri Lanka’s Economy
Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobacco control, with policies…
Business LNP - Sri Lanka discuss execution of ‘parate’ law as suspension ends mid-December
Sri Lanka’s banks, regulators, and small and medium enterprises have met at the Presidential Secretariat to discuss the execution of ‘parate’ law and the…
Business LNP - October remittances at US$ 588mn provide strong bulwark for economy
Worker remittances for October continued to come in stronger against both a month ago as well as a year ago period helping both the foreign currency reserves…
Business LNP - Local footwear industry threatened by illegal imports
The Sri Lankan footwear industry is facing severe challenges due to a surge in low-cost, illegally imported shoes that avoid taxes, according to industry…
Business LNP - Opening costs of “City of Dreams” dents JKH profitability
John Keells Holdings (JKH) Group EBITDA stood at Rs.8.09 billion in the second quarter of the financial year 2024/25 which is a decrease of 4 per cent against…
Business LNP - China’s BYD overtakes Tesla revenue for first time
The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla’s for the first time. It posted more than 200bn yuan ($28.2bn,…
Business LNP - New contractor appointed for supply of LPG to Litro Gas Company
The Cabinet of Ministers has granted approval for awarding the contract to M/s OQ Trading Limited for the supply of Liquefied Petroleum Gas (LPG) to Litro Gas…
Business LNP - CSE emerges as second best performer in Asia
The Colombo Stock Exchange (CSE) has been placed as the second best performing equity index in Asia. The CSE has secured the second in Asia as of 25 October…
Business LNP - Station Masters to launch immediate trade union action
The Sri Lanka Railways Station Masters' Union (SLRSMU) has decided to initiate immediate trade union action in response to the recruitment of Station Masters…
Business LNP - NGOs spend billions unchecked
The local and international NGOs registered with the National NGO Secretariat - have committed to spend as much as Rs.30 billion this year, yet more than…
Business LNP - McDonald’s and International Restaurant Systems end franchise partnership in Sri Lanka
In a recent development, McDonald's Corporation and International Restaurant Systems (Private) Limited have officially terminated their franchise relationship…
Business LNP - Sri Lanka’s third review will come up soon: IMF
Claiming that Sri Lanka has come a long way in terms of undertaking reforms which have led to some hard won gains, the International Monetary Fund (IMF)said…
Business LNP - CSE’s ASPI crosses 12,500 points
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) has crossed the 12,500 points mark today (04), for the first time since 10 May 2024.…
Business LNP - Economic Recovery Drives Sri Lankan Finance and Leasing Companies Growth
Fitch Ratings: Sri Lanka’s economic recovery, moderating inflation, and lower interest rates are poised to spur finance and leasing companies’ (FLCs)…
Business LNP - Sri Lanka’s inflation drops to -0.2% in September
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -0.2% in September 2024 from 1.1% in August 2024,…
Business LNP - Egg traders urge govt to implement pricing formula
The All Ceylon Egg Traders’ Association has called on the government to introduce a pricing formula to stabilize the price of eggs in the market. The Secretary…