Business LNP - Govt. to import electric vehicles to reduce carbon emission, air pollution
Due to the higher amount of carbon emissions from gasoline vehicles and due to the current air pollution in urban areas, the government has decided to give…
Business News
Business 
Business LNP - Export sector fetch US$ 1.16 b revenue in October
The local export sector crossed the US$ 1 billion mark for the fifth time this year with October fetching an export revenue of US $.1.16 billion. The October…
Business LNP - SL continues to struggle with brand image, says tourism industry veteran
Says country being identified as both ‘Sri Lanka’ and ‘Ceylon’ makes marketing difficult Stresses need for global promotion campaign for tourism to kick off…
Business LNP - No additional burden on people from accident fees from budget: Dilum
The proposal made in the recent Budget to charge a fee for road accidents has been fixed by the government instead of the Department of Motor Traffic (DMT)…
Business LNP - Vehicle import ban to continue for 6-7 months
The vehicle import ban, which has been in effect since March last year, is expected to continue for another six to seven months, Secretary to the Ministry of…
Business LNP - Board of Investment summoned before COPE tomorrow
The Board of Investment (BOI) has been summoned before Committee on Public Enterprises (COPE) on November 11, the committee’s chairman, Prof. Charitha Herath…
Business LNP - Prime Lands Residencies records milestone achievement in 1H
Continuing its rapid growth trajectory amidst challenging economic conditions, Prime Lands Residencies PLC (PLR), a subsidiary of the country’s foremost…
Business LNP - Pioneer e-commerce entity Kapruka aims for next growth phase via Rs. 500 m IPO
Aimed at riding its next growth wave, Sri Lanka’s pioneer e-commerce enterprise Kapruka is to list on the Colombo Stock Exchange via a Rs. 500 million Initial…
Business LNP - Committee on Public Finance approves amendment to increase borrowing limit
The amendment to the Appropriation Act No. 07 of 2020 to increase the borrowing limit was recently approved by the Committee on Public Finance chaired by…
Business LNP - Foreign reserves dip to US$ 2.3bn by October-end
Down from US$ 2.7bn in Sept. as CB settles almost US$ 500mn worth foreign liabilities Sufficient only for 1.8 months of imports CB pins hopes on inflows…
Business LNP - Central Bank Establishes Foreign Remittances Facilitation Department
Workers' remittances have been a key pillar of Sri Lanka's foreign currency earnings that has nearly 100 per cent of domestic value addition, providing a…
Business LNP - INSEE Cement Enhances Logistics Operations to Meet Local Demand
NSEE Cement – currently operating at 3.6 million ton maximum production and import capacity – has added two more shipping vessels to its import logistics…
Business LNP - Interruptions to water supply if CEB doesn’t restore power breakdowns during strike: Water Supply Trade Union
The water supply could be disrupted if the Ceylon Electricity Board (CEB) is unable to restore power breakdowns during the protest, the convener of the Water…
Business LNP - HNB partners Keells supermarkets to disrupt digital payments with Dynamic QR
Sri Lanka’s most innovative private sector bank HNB PLC partnered with leading supermarket chain Keells to enable LANKA QR payments by facilitating Dynamic QR…
Business LNP - Ships carrying LP gas reaches Colombo Port: Litro Gas Company
While claiming the current shortage of 'Litro' gas is due to a distribution issue, a senior official of the Litro Gas Company said that ships carrying Liquid…
Business LNP - Rejection of organic fertilizer; a trade issue between supplier and Agri Ministry: Pathirana
The rejection to accept a consignment of organic fertilizer contaminated with hazardous substances shipped to Sri Lanka by the Quingdao Seawin Biotech Group…
Business LNP - Moody’s downgrades Sri Lanka’s debt rating to Caa2
Ratings agency Moody’s Investors Service (“Moody’s”) has today downgraded the Government of Sri Lanka’s long-term foreign currency issuer and senior unsecured…
Business LNP - Beware of Financial Scams
The Central Bank of Sri Lanka (CBSL) has been receiving information regarding certain Scams where organized parties seem to be claiming that they have large…
Business LNP - SL understands importance of maintaining balance between environment and human needs: Prez
President Gotabaya Rajapaksa has said that Sri Lanka, with its rich philosophical heritage shaped by the teachings of the Buddha, fully understands the…
Business LNP - Two nabbed with one million fake Euro currency
A woman and a man have been arrested by the STF with counterfeit currency bills worth one million Euros during a raid at Dematagoda. The STF said the raid was…
Business LNP - CSE’s ASPI crosses 10,000 points for first time ever
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) has surpassed the 10,000-points mark for the first time in history. The ASPI closed at…
Business LNP - No fuel shortage, long queues due to rumours: CPC’s trade union
There is no shortage of fuel in the country and the reason behind having long queues is due to rumours spreading on social media regarding a possible fuel…
Business LNP - CB asks users to assume risks when dealing in cryptocurrencies
Setting the record straight on the rising use of virtual currencies, which are also known as cryptocurrencies, the Central Bank said that the users ought to…
Business LNP - CB to propose resumption of car imports paid via foreign currency
The Central Bank is expected soon forward a proposal to the government for consideration, urging to explore the possibility of resuming car imports paid via…