Category: Business and Economy

Sri Lanka has reaffirmed its commitment to protecting and promoting overseas investments, with Foreign Minister Vijitha Herath visiting the country’s first-ever investment projects in the Philippines and encouraging more Sri Lankan businesses to explore opportunities in the Southeast Asian nation. The Minister visited the PHIVIDEC Industrial Estate in Misamis Oriental on July 25 during his…

Sri Lankan owned resort investments continue to operate successfully in the aldives. In 2025, bilateral trade reached approximately US$137 million. Sri Lankan exports accounted for around US$130 million and imports from the Maldives totalled approximately US$5.7 million, Masood Imad High Commissioner of the Republic of Maldives to Sri Lanka told the Sri anka–Maldives Business Council…

* Profit before Income Tax – LKR 9.3 Bn up by 10.10%* Profit after Tax – LKR 6.1 Bn up by 10.78%* Total Assets reach LKR976 Bn The Bank recorded a Profit Before Income Tax (PBT) of LKR 9,298Mn duringH1 2026, compared to LKR8,444 Mn reflecting a year-on-year growth of 10.10%. For the 6months ended…

People’s Bank has been honoured with the Overall Gold Award at the prestigious National Business Excellence Awards (NBEA) 2026, presented by the National Chamber of Commerce of Sri Lanka (NCCSL), in recognition of its outstanding performance across all business sectors. The accolade marks one of the highest honours bestowed upon a Sri Lankan organisation for…

The National Integrity Week programme was inaugurated at the National Apprentice and Industrial Training Authority (NAITA) Ampara District Office in Sainthamaruthu under the theme “A Culture of Integrity – A Clean Sri Lanka.” The inaugural ceremony was held under the patronage of Mohan Abeysundara, Ampara District Manager of NAITA, with H.Abdul Sathar, Chairman of NAITA,…

Trade, Commerce, Food Security and Co-operative Development Minister Wasantha Samarasinghe last Tuesday urged Sri Lanka and the Maldives to strengthen their economic partnership by expanding cooperation beyond traditional trade, highlighting significant untapped potential for closer collaboration between the two Indian Ocean neighbours. Addressing the 18th Annual General Meeting of the Sri Lanka–Maldives Business Council in…

SriLankan Airlines has strengthened its regional connectivity through a new interline agreement with Island Aviation Services, operating as Maldivian (Q2). This agreement enables SriLankan Airlines passengers to seamlessly access 17 popular domestic destinations across the Maldives. The arrangement is designed to enhance travel convenience by allowing passengers to book journeys involving both carriers under a…

The Ministry of Finance, Planning and Economic Development has introduced two new digital initiatives aimed at improving efficiency, transparency and productivity within the public service as part of the Government’s ongoing digital transformation agenda. An awareness programme on a new online document management system was held on 28 July at the Ministry’s Auditorium to familiarize…

The Consulate General of Sri Lanka in Nicosia organised a Community Outreach programme for the Sri Lankan migrant community on Sunday (26), marking the first anniversary of the Mission’s establishment and providing an opportunity to raise awareness among the community on a range of Consular, Employment, and Welfare-related matters. The Consulate General was established in…

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…