Category: Business and Economy

 Sri Lanka’s rupee was quoted at 332.70/80 to the US dollar spot on Wednesday, weaker from 332.65/70 the previous day, while bond yields were quoted lower, dealers said. An auction of 90,000 million rupees Treasury bills was ongoing. A bond maturing on 01.03.2030 was quoted at 11.35/45 percent. A bond maturing on 01.08.2030 was quoted…

The Ceylon Chamber of Commerce and its Sri Lanka-China Business Council (SLCHBC) hosted a business delegation from China’s Yunnan Province, bringing together companies from a wide range of sectors to explore trade, investment and commercial partnerships with Sri Lankan businesses. The delegation, led by the Yunnan Provincial Federation of Industry and Commerce, included representatives from…

The Sri Lanka Export Development Board (EDB), in collaboration with the International Finance Corporation (IFC) and the European Union (EU), successfully conducted the final pitching event of batch III of ExpoScaleUp, designed to help Sri Lankan SMEs become more competitive and expand into global markets. Supported through the EU’s regional Accelerating Climate Smart and Inclusive…

The continued upward trend in real estate prices, together with the banking sector’s increasing exposure to real estate activities, warrants continued monitoring, the Central Bank of Sri Lanka (CBSL) said, warning that a sharp correction in property prices could spill over to the financial system. In its recent Financial Stability Review 2026, the CBSL said…

Sri Lanka welcomed 168,625 international tourists in October, with India continuing to dominate the tourism market, according to the latest figures released by the Sri Lanka Tourism Development Authority (SLTDA). India accounted for 62,211 arrivals, representing 37% of all tourists who visited Sri Lanka during the month. The United Kingdom was the second-largest source market,…

Sri Lanka’s expenditure on vehicle imports declined by 34% year-on-year in September 2026 compared to the corresponding period last year, according to the latest External Sector Performance Report released by the Central Bank of Sri Lanka (CBSL). During September, the total outlay for private and commercial vehicle imports stood at USD 188 million, maintaining a…

The European Union has agreed to provide a €10 million grant to Sri Lanka to strengthen sustainable trade relations and improve the country’s access to the European market. The four-year project aims to enhance institutional capacity in trade-related activities, support Sri Lanka in meeting international standards required by the EU market and promote trade initiatives…

Sri Lanka’s gem and jewellery industry is being called to take its place on a global platform as the JEWELS 2026 International Gem & Jewellery Exhibition & Competition takes place from 4–6 December 4-6, at Colombo Lotus Tower. Organised by the Gemmologists Association of Sri Lanka (GASL) under the theme ‘From Sri Lanka to the…

The Sri Lanka–Italy Business Council (SLITBC) of The Ceylon Chamber of Commerce held its 27th Annual General Meeting recently, electing a new leadership team for the year ahead and reflecting on the Council’s longstanding role in strengthening business ties between Sri Lanka and Italy. Dushy Jayaweera of the Acorn Group was elected President, while Shamil…

Sri Lanka is stepping up efforts to expand export earnings and attract  investment from the United Kingdom, using Sri Lanka Expo 2027 as a key platform to strengthen trade partnerships and secure new business opportunities. The Export Development Board (EDB), in collaboration with the Sri Lanka High Commission in the UK, conducted a two-day business…