Category: Business and Economy

The Ceylon Motor Traders’ Association (CMTA), established in 1919 is the most senior automotive association in Sri Lanka affiliated with the Ceylon Chamber of Commerce, is calling for greater consistency, transparency and fairness in the policies governing the country’s automotive sector, stressing that a sustainable vehicle import framework must ensure a level playing field across…

Port City Colombo participated as Platinum Sponsor at the second edition of Sri Lanka Beyond Your Dreams, a landmark diplomatic and investment engagement hosted by the Consulate General of Sri Lanka in Dubai and the Northern Emirates at the Hilton Dubai Al Habtoor City on 2nd September 2026. The evening brought together over 400 senior…

Global furniture fittings leader marks 10 years of growth and partnership in Sri Lanka and unveils Blaupunkt built-in kitchen appliances. Hettich, the globally renowned German manufacturer of furniture fittings and architectural hardware known for its state-of-the-art manufacturing plants and magical interior solutions across the world celebrated a significant milestone in Sri Lanka, marking 10 years…

Sri Lanka’s Ceylon Tea exports have remained resilient despite about 85% of shipping routes being disrupted; with freight rates rising, and shipments forced to travel around the Cape of Good Hope, Tea Exporters Association (TEA) Chairperson for 2026/2027 Huzefa Akbarally said recently, according to a press release. Addressing the TEA’s 27 Annual General Meeting (AGM)…

The prevention of money laundering should not be regarded as the responsibility of banks alone, as lawyers, notaries, independent legal professionals and other designated non-financial businesses and professions DNFBPs also have a critical role to play, Central Bank Governor Dr. P. Nandalal Weerasinghe said. Addressing a conference organised by the Bar Association of Sri Lanka…

The Sri Lanka Export Development Board (EDB) and the University of Kelaniya have launched a new industry-academia collaboration aimed at strengthening Sri Lanka’s electronic and electrical exports through research, innovation and product diversification. The initiative, titled “Innovation Bridge 2026,” brought together exporters, manufacturers, academics and industry experts at a seminar and mini innovation exhibition held…

The Sri Lanka – Japan  Business Council (SLJBC) of The Ceylon Chamber of Commerce recently held its 47th AGM, with the Ambassador of Japan and the Patron of the Council, Akio ISOMATA, attending as the Chief Guest. Addressing the gathering, Ambassador ISOMATA outlined three priorities for deepening bilateral economic relations: an effective and forward-looking trade and investment…

Union Bank opened its 2nd ATM/CDM in Trincomalee recently. The new cash point offering 24×7 cash deposits and withdrawals and is conveniently located at Uppuveli providing easy access to local community as well as foreign tourists for international cards. The first transaction was carried out by Sivapalan Krishan and Directors of Uppuveli Beach hotel by…

Sri Lanka’s national carrier, SriLankan Airlines announced the appointment of Vipul Misra as its new Chief Executive Officer (CEO), effective from yesterday (9). Misra succeeds Yasantha Dissanayake, who temporarily held the position in the interim period after Richard Nuttal stepped down from the position in April of 2025. Misra previously served as the Head of…

The Ministry of Science and Technology is ready to provide technical and research support for the development of the national cashew sector. As a preliminary step towards this, a stakeholder discussion was held under the patronage of the Minister of Science and Technology, Prof. Chrishantha Abeysena to exchange views on the current and future technical,…