CEAT Kelani launches 3 new radial tyre variants
Sri Lanka’s leading pneumatic tyre manufacturer CEAT-Kelani has introduced three new variants of high-performance radial tyres into the market, …
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SL debt repayment period to be extended from 2028 to 2042, with a lowered interest rate of around 2-pct
Sri Lanka is in the final stages of negotiations with its creditors, spearheaded by Japan, to suspend debt repayments until 2028. The repayment …
Interview: Three questions to Frank Dandy about moving production to Sri Lanka
BLOG SWEDEN SRI LANKA BUSINESS (https://blogg.sslbc.se) Since 2017, Daniel Hörnqvist has been the CEO of the Swedish fashion brand Frank Dandy. When …
ComBank breaks new ground in Sri Lanka enabling Alipay QR payments for merchants
The Commercial Bank of Ceylon has opened up a world of new opportunities for Sri Lankan businesses, by becoming the first bank in Sri Lanka to enable …
Fitch Rates Hatton National Bank’s Basel III Subordinated Debt ‘BBB+(EXP)(lka)’
Fitch Ratings has assigned Hatton National Bank PLC's (HNB, A(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated …
SOE Losses Costing LKR 141,809 per Sri Lankan Household
The soft pedaling by the government to carry out crucial reforms of State Owned Enterprises is forcing taxpayer’s wallets to take the brunt of the …
ADB partnership strategy 2024-28 for SL to foster sustainable recovery, build resilience, and revive growth
The Asian Development Bank (ADB) has launched a new country partnership strategy (CPS) for Sri Lanka covering the period 2024–2028. The …
Indian Political Parties Clash Over Katchatheevu Creating A Political Hot Potato for Elections
Indian prime minister Narendra Modi has accused the Congress party of "callously giving away" the island of Katchatheevu to Sri Lanka. The tiny …
Visa sees 35%+ surge in debit card spends; trend expected to continue in upcoming Avurudu season
Visa (NYSE: V), the global leader in digital payments, today announced that Visa debit card spends saw a significant increase of over 35% in the past …
CBSL strengthens Business Revival Units in Banks to Support Revival of Businesses
The Central Bank of Sri Lanka issued broad guidelines to licensed banks on 28 March 2024, to further strengthen the functions of already established …
Actions be taken to accrue maximum benefit to masses even by selling the public assets: Eran
Eran Wickramaratne MP for SJB commenting on the privatization of state enterprises said that people still presenting obsolete opinion that SoEs …
World Bank upgrades Sri Lanka’s growth forecast to 2.2-pct in 2024
In Sri Lanka, growth is expected to turn positive, to 2.2 percent in 2024, a 0.5 percentage point upgrade from the previous forecast, with modest …
Despite strong growth, South Asia remains vulnerable to shocks: World Bank update
Growth in South Asia is expected to be strong at 6.0 percent in 2024, driven mainly by robust growth in India and recoveries in Pakistan and Sri …
CA Sri Lanka’s ‘The Hub’ magazine takes flight in the Middle East to help build economic bridges
Embarking on a journey of connectivity, the Kuwait Chapter of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) ventured into …
Increase Service Exports in Education Sector: EDB to work with SLANSHEI & Education Advisory Committee
The Sri Lanka Association of Non-State Higher Education Institutes (SLANSHEI) held its Annual General Meeting on 22nd March 2024 at Waters Edge, …
World’s largest climate fund accredits MTI as observer organization
The Green Climate Fund (GCF), the world’s largest climate fund, has accredited MTI Consulting as an Observer Organization. The Green Climate Fund …
ComBank partners with IFC to develop Supply Chain Financing strategy
The Commercial Bank of Ceylon has announced a collaboration with the International Finance Corporation (IFC) to build a Supply Chain Financing (SCF) …
Thai PM’s Office on fact finding mission at Hambantota International Port
A delegation from the Thai Prime Minister’s office visited the Hambantota International Port (HIP) to explore opportunities and understand how the …
Opinion: Sri Lanka’s Graphite and Turning Tides in International Electric Vehicle Value Chains
By Chaya Dissanayake and Rashmi Anupama The global demand for Electric Vehicles (EVs) is projected to reach a staggering 80 million units by 2050, …
Sri Lankan Microfinance Bank LOLC opens new branch in Islamabad
The LOLC Microfinance Bank inaugurated its latest branch in the Blue Area of Islamabad. The High Commissioner of Sri Lanka to Pakistan Admiral …
Dhaka Chamber discusses economic cooperation with Sri Lanka HC
High Commissioner of Sri Lanka to Bangladesh Dharmapala Weerakkody accompanied by Counsellor / Commerce of the High Commission Srimali Jayarathne …
US Embassy & SL Maritime Archaeology Unit Dive to Ancient Godawaya Shipwreck
The U.S. Embassy in Colombo, in partnership with the Central Cultural Fund's Maritime Archaeology Unit, has undertaken a significant step in …
EY GDS Sri Lanka celebrates two years of growth and success
EY Global Delivery Services (GDS) proudly celebrates its second successful year in Sri Lanka. EY GDS is a globally integrated and dynamic network of …
ADB approves USD100 Mn Loan to support SMEs in Sri Lanka
The Asian Development Bank (ADB) has approved a $100 million loan to provide small and medium-sized enterprises (SMEs) in Sri Lanka more access to …