Category: Business and Economy

By Daham Gunaratna – Founder & Managing Director, Lanka Property Web Sri Lanka’s real estate market is witnessing growing interest in urban living and investment properties. As founder of Lanka Property Web, which marks its 20th anniversary next year, I have spent nearly two decades observing the evolution of the property market. Our platforms, LankaPropertyWeb.com…

Sri Lankan Bankers Association in the UAE, Vice President Kapila Karunaratne, met with People’s Bank Chairman Chandana Guniyangoda and Chief Executive Officer/General Manager Clive Fonseka on October 23, to explore opportunities to expand the Bank’s services among the Sri Lankan community in the United Arab Emirates (UAE). Discussions focused on strengthening engagement with Sri Lankan…

Bank of Ceylon (BOC) is set to create another milestone in the country’s capital market with the launch of Sri Lanka’s largest-ever listed debenture issue, with a maximum issue size of LKR 30 billion. The Bank proposes to initially raise LKR 10 billion, with an option to increase the issue to LKR 20 billion in…

Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka–Maldives Business Council (SLMLBC) of The Ceylon Chamber of Commerce, facilitated the participation of Sri Lankan companies at Hotel Asia 2026 in the Maldives. The initiative created opportunities for Sri Lankan businesses to connect with buyers and potential partners, as well as engage with…

Sri Lanka welcomed 119,805 tourists during the first 22 days of October, registering a 5.03% year-on-year (YoY) increase, but cumulative arrivals remained 1.42% below the corresponding period last year as the industry entered its crucial winter season. The latest figures lifted year-to-date (YTD) arrivals to over 1.81 million, compared with over 1.83 million during the…

Sri Lanka’s central bank has called for expressions of interest from qualified parties to serve on a panel of administrators that could be appointed during the resolution of troubled licensed banks and finance companies. The Central Bank of Sri Lanka (CBSL) said the panel would be established for the purpose of resolving licensed banks and…

The Sri Lanka–USA Business Council (SLUSABC) of The Ceylon Chamber of Commerce marked its 10th Annual General Meeting on October 14, at Hilton Colombo Residences, reflecting on a decade of business engagement between Sri Lanka and the United States and setting out its priorities for the year ahead. MAC Holdings (Pvt) Ltd, Group Director and…

The International Monetary Fund (IMF) projects Sri Lanka will raise $ 3 billion through International Sovereign Bond issues by 2028, but the Government will decide whether to tap global markets, Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando told Parliament yesterday. The IMF’s combined fifth and sixth review staff report under the Extended Fund…

DFCC Bank has launched the DFCC Student File, bringing together tuition fee payments, education financing, foreign exchange services and selected travel benefits to help students and their families manage the financial arrangements associated with overseas education. Receiving a university admission is an important milestone, but it also begins a demanding period of financial planning. Families…

Sri Lanka is positioning itself to become a dominant global force in the gem and jewelry sector, with plans to establish an international-standard gem hub complete with advanced research, laboratory, and exhibition facilities in Colombo by 2030. The announcement was made by the Minister of Industries and Enterprise Development, Sunil Handunnetti, during the 2026 Annual…