Category: Business and Economy

The Sri Lanka–Malaysia Business Council (SLMBC) of The Ceylon Chamber of Commerce hosted a business networking session recently at Marine Bay, Colombo, in collaboration with a visiting delegation from the Malaysian Indian Chamber of Commerce and Industry (MICCI), Penang. The 16-member delegation, representing 16 diverse companies, was led by Dato’ S. Parthiban, President of MICCI…

DFCC Bank received a Gold Award for Financial Inclusivity and a Merit Award for Customer Convenience at the LankaPay Technovation Awards 2026. The two categories that define how digital progress in banking is being measured, not by how advanced the technology is, but by how effectively it improves access, simplifies interactions and removes friction from…

The Power and Energy arm of DIMO has launched EVO by DIMO, a dedicated solutions platform designed to support the rapid development of Sri Lanka’s electric vehicle (EV) charging infrastructure. Covering charging capacities from 11kW to 360kW, the launch marks a significant milestone in the country’s evolving electric mobility ecosystem. Through this platform, DIMO introduces…

A high-level delegation from the Malaysian Indian Chambers of Commerce and Industry, Penang (MICCI), visited the Sri Lanka Board of Investment (BOI) recently to explore potential foreign direct investment (FDI) opportunities across multiple sectors. The 15-member team, led by MICCI President Dato’ S. Parthiban, represented a diverse cross-section of industries including ICT, banking, agriculture, manufacturing,…

The Credit Information Bureau of Sri Lanka (CRIB), under the guidance of the Central Bank of Sri Lanka (CBSL), has announced a series of relief measures aimed at supporting individuals and businesses affected by recent floods and cyclonic winds triggered by Cyclone Ditwah. CRIB Director/General Manager Pushpike Jayasundera stated that the initiative is designed to…

Secretary to the Ministry of Finance Dr. Harshana Suriyapperuma said the Government hopes to reduce the pressure on the current tax payers and focus on reducing tax rates. He made this statement while issuing a special congratulatory message on the 94th anniversary of the Department of Inland Revenue. The Secretary pointed out that the ‘Department…

HNB Assurance recently celebrated the completion of the Certified Sales Manager Programme, conducted in collaboration with the Sri Lanka Institute of Marketing (SLIM), marking a significant milestone in the professional development of its sales leadership team. Initiated for the sales management of the Partnership Channel of HNB Assurance, this programme stands as the first initiative…

The National Packaging Centre (NPC) of the Sri Lanka Export Development Board (EDB) recently conducted an awareness workshop on “Packaging strategies for   Spices” for exporters and potential exporters, with the aim of enhancing their knowledge on packaging solutions that meet both local and international market standards. Over 65 exporters and potential exporters participated in the…

Sri Lanka’s tourism industry should pivot towards attracting high-spending visitors through a structured national programme, a leading hotel industry official said, highlighting the potential to significantly increase foreign exchange earnings. Arshed Refai, General Manager of ‘Sun Siyam’ Pasikudah, a hotel run under the Maldivian based luxury hotel chain, stressed the need for a targeted strategy…

The Central Bank of Sri Lanka (CBSL) states that the increase in transportation costs can be considered as a major reason for the increase in inflation this year (2026). According to data compiled by the Department of Census and Statistics, the CBSL announces that the headline inflation measured by the Colombo Consumer Price Index (CCPI…