Joint Chambers express concern on impact of currency shortage; request to engage with IMF
Statement issued by the following Institutions: We wish to draw the attention of the Government to the difficulties faced by our member companies and …
All News
TPS Ceramic Industries breaks ground for Rs. 4Bn plant in Badureliya
TPS Ceramic Industries (Pvt.) Ltd. the recent-most entity to join Sri Lanka’s largest ultra-modern sanitary-ware and ceramic trading company and …
Sri Lanka’s exports expected to surpass USD 12bn by end 2021; records USD 1.2bn in November
Sri Lanka’s merchandise exports increased by 55.11% to US$ 1,215.6 Million in November 2021 compared to November 2020 as per the data released by …
Ecological floating islands to purify Beira Lake
President Gotabaya Rajapaksa today (21) released a thousand ecological floating islands to Beira Lake initiating the purifying process of the lake. …
CICT celebrates 10th anniversary, projects record 3.1 million teus in 2021
Colombo International Container Terminals (CICT) is ending 2021 on a high note, celebrating its milestone 10th anniversary in Sri Lanka on 22nd …
Sri Lanka headline inflation increased to 11.1-pct in November
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index, increased to 11.1 percent in November 2021 …
Sri Lanka agrees to settle CPC’s outstanding bill to Iran by exporting Ceylon Tea
Sri Lanka's Plantation Ministry and the Ministry of Industries, Mines and Trade of Iran agree to formulate a scheme for the settlement of a sum of …
John Keells Foundation’s “Break the Silence” public campaign targets domestic violence
John Keells Foundation conducted a two-week public campaign against gender-based violence under its Project WAVE (Working Against Violence through …
Planters’ Association condemns politically-connected land encroachments at Madampe Estate
The Planters’ Association of Ceylon (PA) strongly condemned a recent incident of forceful and illegal encroachments of estates managed by the …
Hela Apparel Holdings set for landmark IPO
The Colombo Stock Exchange has formally approved the Initial Public Offering (IPO) of Hela Apparel Holdings Limited (the holding company of the Hela …
Intensive Care Unit at Udugama Hospital opens to public soon
Watawala Plantation Limited announces the opening of its newly built fully equipped Intensive Care Unit at the Udugama Base Hospital in the Galle …
Aitken Spence Travels welcomes its first familiarization group from France
Aitken Spence Travels, in collaboration with SriLankan Airlines and TUI France, recently hosted a group of top travel agents on a familiarization …
ADB partners with JKH to boost food value chains and farm livelihoods in SL
The Asian Development Bank (ADB) entered into an agreement to invest up to $80 million (in Sri Lanka rupee equivalent) in John Keells …
Co-operative Insurance opens Initial Public Offering
Leading Sri Lankan insurer Co-operative Insurance, recently announced the date of their Initial Public Offering (IPO), which is set to take place on …
Sri Lanka’s IT solution provider NCINGA empowers Telecom Fiji
NCINGA (Pvt) Ltd, one of Sri Lanka’s leading IT solution providers, continues to advance the emerging markets in the telecommunications industry, …
Listed Companies welcome opportunity to hear about new SEC Act directly from Regulator
The Securities and Exchange Commission of Sri Lanka (SEC) and the Colombo Stock Exchange (CSE) organized a symposium on 6th December 2021 to …
Sri Lanka disputes rating downgrade by Fitch Ratings
Downgrading Sri Lanka’s international sovereign rating resembles the recent unwarranted downgrade by Moody’s Investors Service a few days prior …
Black, White & Grey Markets: Dynamics of Foreign Exchange & Remittances in Sri Lanka
By Bilesha Weeraratne: Written Ahead of International Migrants’ Day on December 18, 2021. Despite the pandemic and related difficulties in …
SLTC divests from Sri Lanka Telecom in management buy-out
A management buy-out backed by Tempest two (Pvt) Ltd is gearing to acquire SLT Campus (Pvt) Ltd (popularly known as Sri Lanka Technological Campus) …
LOLC General Insurance Limited IPO oversubscribed on opening day
The Initial Public Offering (IPO) of LOLC General Insurance Limited, through an Offer for Sale of 120,000,000 Ordinary Voting Shares at a price of …
JICA supports Jaffna University towards improvement of dry zone agriculture
Japan International Cooperation Agency (JICA), the Ministry of Education, and the University of Jaffna agreed to implement JICA’s new technical …
PUCSL to empower 10,000 plumber technicians with NVQ qualification
The Public Utilities Commission of Sri Lanka (PUCSL), the regulator of the electricity industry and the designated regulator for water services …
Legal framework to be created for E-Commerce in Sri Lanka
Sri Lanka will introduce a new law that would ensure fairness and protection of rights for both businesses and consumers who use online E-Commerce …
Coconut seedlings, Tea & cinnamon plants free of charge for cultivation: Plantation Minister
Plantation Minister Ramesh Pathirana says that the government has decided to provide 2.3 million coconut seedlings to the public at the Divisional …