Business LNP - Rs. 3,000 allowance to be credited to pensioners’ accounts from today
The Department of Pensions is set to distribute the monthly interim allowance of Rs. 3,000 to all pensioners starting today (16), the President’s Media…
Business News
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Business LNP - John Keells Group unveils $ 1.2 b Cinnamon Life at City of Dreams Sri Lanka today
In a move that promises to reshape Sri Lanka’s tourism landscape, John Keells Group will officially launch Cinnamon Life at City of Dreams Sri Lanka – a…
Business LNP - Sri Lanka’s economy stabilises with growth expected to reach 4.4 % in 2024: WB
The Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World Bank (WB) said today. The…
Business LNP - Indian tycoon Ratan Tata dies
The Indian tycoon Ratan Tata, who is credited with transforming the Tata Group into a globally renowned conglomerate, has died at age 86, the company has said.…
Business LNP - Farmers to receive fertilizer subsidy from Monday
Cabinet Spokesman Minister Vijitha Herath says that the fertilizer subsidy of Rs. 25,000 for paddy farmers will commence from Ampara District next Monday (Oct.…
Business LNP - Sri Lanka Credit card debt tad higher in August in tandem with overall private credit
Consumer spending made via credit cards appear to be increasing as the total outstanding credit card debt in licensed commercial banks have expanded by a…
Business LNP - Sri Lanka Tourism earnings reach US$ 2.35bn
Sri Lanka is seeing continuous headway in its tourism trade through September as both the arrivals and earnings made progress in the months, although there was…
Business LNP - Sri Lanka Bus fares reduced
Bus fares have been reduced by 4.24%, effective from midnight today (Oct. 01), according to the National Transport Commission (NTC). Meanwhile, the minimum…
Business LNP - ASPI jumps 137 points, nears 12,000 mark
The All Share Price Index (ASPI) of the Colombo Stock Exchange has increased by 137.86 points to close at 11,992.91 today (Oct. 01). This is an increase of…
Business LNP - Sri Lanka to lift all vehicle import restrictions by February 2025
Sri Lanka’s Cabinet of Ministers has decided to lift all vehicle import restrictions by February 2025, according to Foreign Minister Ali Sabry. “With the…
Business LNP - Revised import duties set to boost local trade and industries
Sri Lanka’s local business community stands to gain from a major revision of the country’s import tax structure, with the government announcing new measures to…
Business LNP - Central Bank relaxes mandatory export conversion period
The Central Bank has relaxed the mandatory export conversion period in the latest exports proceeds conversion rule which came into effect from 4 November. As…
Business LNP - Fragmented tour guides sector risks SL’s ability to cater to tourism targets: Study
Sri Lanka’s tourism industry is grappling with lower number of licensed tour guides, which could threaten the country’s ability to cater to the expected five…
Business LNP - Japan says ready to play leading role with creditors to restructure Lankan debt
Sri Lanka’s second largest bilateral lender Japan yesterday expressed willingness to play a leading role with fellow creditors to restructure Sri Lanka’s…
Business LNP - Apparels, textiles boost August exports income
August merchandise exports income tops US$ 1.2bn Apparel & textile exports up 15% to US$ 565mn Jan-Aug. cumulative exports up 12% to US$ 8.85bn Cumulative…
Business LNP - Local canned fish manufacturers allege Sathosa trying to buy imported tinned fish despite self-sufficiency
Urge govt. to consider including canned fish in temporarily banned list of imported goods into country Despite the country reaching self-sufficiency in canned…
Business LNP - Circular permitting migrant workers to import electric vehicles issued
A circular allowing migrant workers to import an electric vehicle was issued yesterday (August 31) by the Labour and Foreign Employment Ministry. Minister…
Business LNP - Crisis-hit Sri Lanka strikes staff-level pact with IMF on loan
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal…
Business LNP - Harsha appointed Chairman of Public Finance Committee
The Public Finance Committee which met today, unanimously appointed SJB MP Harsha de Silva as its new Chairman. He has been appointed as per Standing Orders…
Business LNP - CBSL announces amnesty period to deposit or sell foreign currency in the hands of public
The Minister of Finance has issued an order granting an amnesty period of one month with effect from August 15, 2022 in order to attract foreign currency held…
Business LNP - Sri Lanka to ask Japan to open talks on debt restructuring with key lenders
(Reuters) - Sri Lanka will ask Japan to invite the Indian Ocean island’s main creditor nations, including China and India, to talks on bilateral debt…
Business LNP - CEB trade union warns daily power cuts could exceed 3 hours
The Ceylon Electricity Board (CEB) United Trade Union Alliance warns that the power cuts would likely have to be increased to more than 03 hours in the future.…
Business LNP - Recent 75% electricity tariff is a farce: CEB Trade Union Alliance
he recent 75% increase in the electricity tariff is incorrect; it is a 100% increase when considering higher unit rates, the Ceylon Electricity Board (CEB)…
Business LNP - Sinopec likely to enter Lankan fuel market
Sinopec, the biggest petrochemical company in China, is likely to enter Sri Lankan market for fuel importing, distribution and selling petroleum products,…