Business LNP - Softlogic Finance’s Growth Trajectory Backed by Shareholder Confidence
Zero NPLs on Rs. 14 Billion worth loans in a globally challenging year Softlogic Finance PLC, a subsidiary of Softlogic Capital the financial arm of the…
Business News
Business 
Business LNP - Railway trade union launches token strike
Locomotive Engine Operators’ Union has launched a token strike from 8.00 am today (June 30). Its secretary, Indika Dodangoda said the trade union action was…
Business LNP - Govt. approves concessions for tourism sector
The government today approved allowing relief to employees in the tourism sector, particularly those affected by the crisis due to COVID-19 pandemic. During…
Business LNP - Ceylon Chamber of Commerce to conduct the National SME Forum 2021
In an effort to support all players in the SME Eco-system, the Ceylon Chamber of Commerce has organized a National SME Forum in collaboration with public,…
Business LNP - EU provides emergency relief to victims of cargo ship fire in Sri Lanka
In response to serous oil and hazardous chemical spills triggered by the fire that broke out on a ship carrying hazardous substances in May, the European Union…
Business LNP - Jaffna to get startup incubators
Northern province city, Jaffna will soon see the establishment of startup incubators to support budding entrepreneurs with the Prime Minister’s office having…
Business LNP - Sri Lankan Products record high sale at SPAR Oman
SPAR International, in a statement, says that three-quarters of the Sri Lankan goods that were exported recently to SPAR Oman under the initiative by the Sri…
Business LNP - Online liquor sales; Finance Ministry approves proposal
The Ministry of Finance has granted approval to a proposal submitted by the Excise Department to allow consumers to purchase liquor online through supermarket…
Business LNP - Salt export project to net USD 200 mn annual revenue
Lanka Salt Ltd, Hambantota which suffered Rs. 200 million loss in 2019 under the previous regime has made a dramatic turnaround and has posted a Rs. 47 million…
Business LNP - Luxury SUVs for MPs While Imports for Doctors & General Public Held Indefinitely from March 2020
The Ceylon Motor Traders Association (CMTA) has expressed its concerns on the decision the Government has taken to import 400 vehicles – including 227 luxury…
Business LNP - Prez. calls on investors to explore SL’s medical tourism industry
As Sri Lanka is currently pitching itself to the world as an attractive investment destination, President Gotabaya Rajapaksa today called on investors to…
Business LNP - Govt to release confiscated essential items for retail consumption
Ports and Shipping Minister Rohitha Abeygunawardane, along with the Trade Minister, has secured Cabinet approval to release confiscated essential items held by…
Business LNP - Prime Lands Residencies Limited to begin trading at CSE
Prime Lands Residencies Limited is scheduled to be listed on the Diri Savi Board of the Colombo Stock Exchange(CSE) with effect from 08th June 2021. The…
Business LNP - Gross Income grows by 5.9% to Rs.33.0 bn
The National Savings Bank Gross Income grew by 5.9% to Rs.33.0 billion during the first quarter of the year from Rs.31.2 billion recorded in the corresponding…
Business LNP - ‘No immediate impact on import, exports, shipping line activities’
Port activities in Sri Lanka have not slowed down due to fire that ignited on board MV X-Press Pearl container vessel, said Sri Lanka Shippers’ Council…
Business LNP - EU, WB support modernization of SL’s agri sector
The Ministry of Finance and the World Bank recently signed a new grant from the European Union to support the Agriculture Sector Modernization Project (ASMP).…
Business LNP - Aitken Spence Non-Tourism Sectors Record Highest Ever PBT of Rs. 5 Billion in 2020-2021
During a turbulent financial year that was affected by the unprecedented COVID-19 pandemic, Aitken Spence Group’s non-tourism sectors delivered the highest…
Business LNP - Cabinet halts import of limited number of vehicles
The Cabinet, headed by Prime Minister Mahinda Rajapaksa, decided to suspend the importation of a limited number of vehicles today (24) in view of the current…
Business LNP - April exports up by 183% to US$ 798.9 mn
Sri Lanka’s export performance continued its upward momentum in the first three months of 2021. Due to the Covid-19 pandemic induced lockdown last year,…
Business LNP - Hemas welcomes MoH request seeking Pvt. sector assistance on vaccine procurement
Sole local representative for AstraZeneca and Pfizer in Sri Lanka, Hemas Pharmaceutical (Pvt) Ltd said it welcomes the request by the Ministry of Health (MoH)…
Business LNP - Hayleys delivers record PBT of Rs. 19.23 billion; Foreign currency earnings exceed USD 600 million
The Hayleys Group delivered the highest revenue and profit in its 143-year history during FY 2020/21. The revenue increased to Rs 241.28 billion whilst Net…
Business LNP - Govt. shoots down business community request to purchase AstraZeneca vaccines for second jabs
The government has shot down a latest request by the private sector to pay for the importation of Astra Zeneca vaccines for the corporate world as several are…
Business LNP - Penalties imposed on two financial institutions
The Financial Intelligence Unit (FIU) of the Central Bank announced it has imposed penalties on two financial institutions amounting to Rs.4.0 million during…
Business LNP - “Tyre shortage looming in local market”
There is an acute shortage of nearly one million brand new tyres in the local market as a result of the import restrictions by the government since2020.…