Category: Business and Economy

Sri Lanka’s Central Bank is building foreign currency reserves without exerting any pressure on the rupee, Governor Nandalal Weerasinghe said. Sri Lanka’s Reserves have been growing at a slow pace and it has to build around US$8 billion by end of this year, as committed to the International Monetary Fund. The latest number shows reserves…

The Central Bank of Sri Lanka (CBSL) marked its 76th anniversary with a high-level oration on how artificial intelligence is reshaping central banking, held at the Central Bank Atrium on 23 October 2026. The oration was delivered by Shirin Hamid, Chief Information Officer and Director of the Information Technology Department at the International Monetary Fund…

The National Chamber of Exporters of Sri Lanka (NCE) reviewed sectoral issues, export-market requirements and overseas trade plans at its Council meeting on 20 October 2026. Held in partnership with Prime Group and Melwa at the Prime Marina Sales Suite in Port City, the meeting considered matters the Chamber is taking up with authorities. The…

The Ceylon Chamber of Commerce conducted a Business Promotion Mission to Jakarta, Indonesia, from 13 to 17 October 2026, to strengthen Sri Lanka–Indonesia business relations and explore opportunities for trade, investment and private sector collaboration. Led by  Sheamalee Wickramasingha, Chairman and Group Managing Director, CBL Group, the delegation comprised representatives from CBL Global Foods Limited,…

Business events have evolved far beyond simple knowledge-sharing gatherings to become powerful economic engines that shape destinations, catalyse infrastructure development, and transform local communities. During the Asia on the Global Stage: Attracting the Next Generation of Business Events panel discussion at ITB Asia, convention bureaus from Singapore, Sri Lanka, Perth, and Uganda discussed how the…

Sri Lanka’s export earnings rose 5.04% year-on-year to US$13.61 billion in the first nine months of 2026, supported by growth in merchandise and services exports, with electrical and electronic components, spices and processed food among the strongest-performing sectors. Total exports during January–September increased from US$12.96 billion in the corresponding period last year, according to the…

By Daham Gunaratna – Founder & Managing Director, Lanka Property Web Sri Lanka’s real estate market is witnessing growing interest in urban living and investment properties. As founder of Lanka Property Web, which marks its 20th anniversary next year, I have spent nearly two decades observing the evolution of the property market. Our platforms, LankaPropertyWeb.com…

Sri Lankan Bankers Association in the UAE, Vice President Kapila Karunaratne, met with People’s Bank Chairman Chandana Guniyangoda and Chief Executive Officer/General Manager Clive Fonseka on October 23, to explore opportunities to expand the Bank’s services among the Sri Lankan community in the United Arab Emirates (UAE). Discussions focused on strengthening engagement with Sri Lankan…

Bank of Ceylon (BOC) is set to create another milestone in the country’s capital market with the launch of Sri Lanka’s largest-ever listed debenture issue, with a maximum issue size of LKR 30 billion. The Bank proposes to initially raise LKR 10 billion, with an option to increase the issue to LKR 20 billion in…

Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka–Maldives Business Council (SLMLBC) of The Ceylon Chamber of Commerce, facilitated the participation of Sri Lankan companies at Hotel Asia 2026 in the Maldives. The initiative created opportunities for Sri Lankan businesses to connect with buyers and potential partners, as well as engage with…