Category: Business and Economy

People’s Bank presented its 2025 Annual Report to the Governor of the Central Bank of Sri Lanka, Dr P. Nandalal Weerasinghe. The report was formally handed over by People’s Bank Chairman, Prof. Narada Fernando, Chief Executive Officer/General Manager, Clive Fonseka, and Deputy General Manager and Acting Head of Finance, Ms Nilmini Premalal. The 2025 Annual…

Making Sri Lanka an event management hub is on top of the government’s agenda, Minister of Industry and Entrepreneurship Development, Sunil Handunnetti told the launch event of Sri Lanka’s first event calendar held in Colombo on Thursday (23). Minister of Industry and Entrepreneurship Development Sunil Handunnetti He said, “Sri Lanka has naturally received many good opportunities…

In a significant boost for its tourism sector, the Sri Lankan government has successfully negotiated a comprehensive funding package worth USD 300 million with the Asian Development Bank (ADB). This initiative aims to revitalize the country’s tourism industry, which has faced numerous challenges in recent years. Of the total funding, USD 100 million has already…

The Sri Lanka Foreign Employment Bureau states that the amount of remittances sent by migrant workers to the country during the first quarter of this year has increased by 26.5% compared to the first quarter of last year. From January to March 2026, the country received remittances of US $ 2.29billion. The amount of remittances…

Sri Lanka’s storytelling excellence took centre stage at the Inspire Global Media Awards 2026, held recently in London, United Kingdom with a packed room of media glitterati. The Sri Lankan travel documentary produced by Mark Julian Edwards won the Television Broadcast of the Year at the ceremony, contested by BBC and Amazon TV. The documentary…

Cap Snap Lanka Pvt. Ltd., a member of the CSL Group, has received six internationally recognised certifications, including the Food Safety System Certification (FSSC 22000), at a ceremony held recently in Colombo. The achievement is particularly noteworthy as all six certifications were secured within just six months, reflecting the company’s strong commitment to quality, safety,…

As the global automotive industry advances toward electrification, the need for specialized technical expertise and trusted aftersales support has become progressively critical. Against this evolving backdrop, DIMO, the authorized general distributor for Mercedes-Benz, continues to strengthen its commitment to delivering world-class ownership experiences in Sri Lanka through the recently held Mercedes-Benz Flying Doctor Service Clinic…

E. B. Creasy & Co., PLC – BIC & DENTA Factory, a leading manufacturer of personal care products in Sri Lanka, was recently honoured with the Platinum Award at the Responsible Care Excellence Awards 2025. Marking a significant milestone, E. B. Creasy & Co., PLC – BIC & DENTA Factory emerged as the only Platinum…

Sri Lanka’s total export earnings increased to USD 4,308.11 million in the first quarter of 2026, recording a growth of 1.59% compared to the same period in 2025, the Export Development Board said. Although export earnings in March were recorded at USD 1,467.31 million, it has decreased by 5.2 % compared to March last year.…