Category: Business and Economy

Ganlath Timber and Transport Services Chairman Tony Ganlath, has been elected President of the Sri Lanka-Malaysia Business Council (SLMBC) of the Ceylon Chamber of Commerce for the 2026–2027 term. The High Commissioner of Malaysia Badli Hisham Adam who attended the occasion as the Chief Guest. The Council’s 32nd Annual General Meeting held recently at the…

The tourism areas of Pottuvil and Lahugala in the Ampara District are set to undergo development with financial assistance from the World  Bank (WB), at an estimated cost of Rs. 350 million. The second-stage meeting to conduct Project Feasibility Studies for the special development programmes to be implemented in the areas was held at the Pottuvil Library…

HDFC  Bank Sri Lanka is celebrating its 42nd anniversary on August 21, 2026. To mark over four decades of empowering Sri Lankans, the bank is hosting traditional religious observances alongside a series of key customer –centric milestones. These initiatives include the deployment of the first phase of real-time digital service delivery platform for faster customer service, the…

The Central  Bank of Sri Lanka (CBSL) has introduced new rules governing structural changes in licensed finance companies (FCs), tightening oversight of investments, business expansion, capital adjustments and other major corporate changes. The new Finance Business Act Directions No. 04 of 2026 on Structural Changes consolidate the regulatory framework applicable to FCs and revoke three previous directions.…

Australia’s Market Development Facility (MDF), in collaboration with Thema Collection, is set to bring together Sri Lankan tourism stakeholders to promote sustainable and wellness tourism as key drivers of the country’s future tourism growth. The industry dialogue, titled “Positioning Sri Lanka as a Sustainable & Wellness Destination,” will be held on August 21 from 2…

Sri Lanka has recorded a number of 113,307 tourist arrivals during the first 16 days of August, bringing the country’s total tourist arrivals to 1,456,725, between 1 January to 16 August 2026, according to the latest figures released by the Sri Lanka Tourism Development Authority (SLTDA). India topped as the leading source of tourists during the…

Sri Lanka has launched an interim global digital media and public relations campaign to strengthen its presence in key international tourism markets, beginning with Australia as the first priority destination. Deputy Minister of Tourism Prof. Ruwan Ranasinghe said the initiative marks a major shift from traditional business-to-business promotion towards a broader, consumer-focused global campaign aimed…

Sri Lanka is launching a new digital and PR tourism campaign aimed at increasing arrivals, boosting revenue, extending visitor stays and spreading benefits across the country. Sri Lanka Tourism Promotion Bureau (SLTPB) Chairman Buddhika Hewawasam said the initiative under the theme “Sri Lanka in a New Light” focuses on four goals: higher arrivals, increased earnings,…

The  Government of Sri Lanka and the Asian Development Bank (ADB) have officially signed a special loan agreement of US$ 200 million to be provided by the ADB to rebuild the damage caused by Cyclone Ditva that recently hit the country and to improve the livelihoods of the affected people. The loan agreement was signed on the…

Toyota Lanka (Pvt) Ltd, the nation’s most trusted mobility and logistics solutions provider, continues to strengthen its presence across Sri Lanka by expanding its branch network and bringing Toyota’s trusted products and services closer to communities. With a strong focus on Quality, Durability, Reliability and Safety, Toyota Lanka remains committed to delivering dependable mobility solutions…