Category: Business and Economy

The Government’s proposed 500 Tea Villages project will play a key role in strengthening Sri Lanka’s tourism industry while increasing tea export earnings, Deputy Minister of Tourism Prof. Ruwan Ranasinghe said at the inauguration of Hotel Show Colombo 2026 at the BMICH. Addressing the opening ceremony of the country’s premier hospitality exhibition yesterday, Prof. Ranasinghe…

The National Chamber of Commerce of Sri Lanka (NCCSL) will host the National Business Excellence Awards (NBEA) 2026 today (28) at the Shangri-La Colombo, commencing at 5 p.m. Celebrating its 21st consecutive year, the NBEA recognises and rewards outstanding business achievements. Over the years, the awards have honored companies that demonstrate excellence in business and…

The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) has welcomed the decision by the Office of the United States Trade Representative (USTR) to subject Sri Lanka to a 10% tariff under the recently concluded Section 301 investigations, describing it as a major boost for the country’s rubber products export sector. SLAMERP…

Recognising the importance of maintaining quality healthcare facilities for children, the Sampath Bank Employees’ Union, together with the Bank’s Sustainability Unit, marked the Union’s 35th anniversary by supporting a series of essential upgrades at the Lady Ridgeway Hospital for Children, Colombo. As Sri Lanka’s national referral centre and largest free paediatric hospital, Lady Ridgeway Hospital…

CSE Clear (Private) Limited, Sri Lanka’s first Central Counterparty (CCP), yesterday marked its first anniversary, completing a landmark year in strengthening the country’s capital market infrastructure through enhanced clearing, settlement efficiency and risk management. A wholly owned subsidiary of the Colombo Stock Exchange (CSE), CSE Clear was established to mitigate counterparty risk by acting as…

A total of 138,730 tourists have arrived in the country thus far in the month of July, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. According to data released by the SLTDA, a total of 31,734 tourists have arrived from India which accounts to 23.0%. Furthermore, 14,949 persons from the United Kingdom, 8,484…

HNB PLC, one of Sri Lanka’s leading private sector bank has announced a strategic partnership with Abans Auto Pvt Ltd on June 1. The collaboration is designed to strengthen access to Hyundai vehicles across the island through an enhanced and customer centric leasing proposition. This partnership is positioned to support individuals and businesses in accessing…

HNB PLC, Sri Lanka’s leading private sector bank, has come on board as Presenting Partner of SLAM25 and the Grand SLAM25 Championship Finale through HNB Priority Circle, its private banking proposition. The partnership supports Padel Chief, a digital platform for competitive premium racket sports that organizes this tournament and builds toward the Finale on 12…

The Colombo Stock Exchange (CSE), together with the Securities and Exchange Commission of Sri Lanka (SEC) and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), concluded a series of issuer forums in Moneragala and Batticaloa recently, as part of an ongoing island-wide initiative to foster awareness of capital market opportunities in alternate…

Cumulative export earnings from several key sectors recorded strong growth during the first half of 2026, with coconut-based products, rubber-based products, processed food & beverages, electrical & electronic components, and seafood recording year-on-year increases of 14.59%, 5.24%, 24.45%, 123.48%, and 17.61%, respectively, compared to the corresponding period in 2025. The broad-based growth across these sectors…