Category: Business and Economy

The Motor vehicle imports generated a massive Rs. 896.4 billion in customs taxes, highlighting the sector’s importance to government finances, the Ceylon Chamber of Commerce Motor Vehicle Industry Report 2025/26 said. The report further states with over 15 local vehicle assembly plants and policies mandating at least 20% domestic content, the industry is steadily shifting…

The Commercial Bank of Ceylon has opened a new season of creativity with the launch of ‘Arunalu Siththam 2026,’ inviting children to translate imagination into art in one of Sri Lanka’s most inclusive and far-reaching competitions for young talent. With entries closing September 15 2026, this much-loved island-wide and international competition calls on children aged…

Director General Dr. Sulakshana Jayawardena emphasizes anchoring sustainability in verifiable practice, not observance alone The Board of Investment of Sri Lanka (BOI) marked Environment Day with an awareness and action programme held at the BOI auditorium, where Director General Dr. Sulakshana Jayawardena called on BOI staff to treat environmental protection as a daily discipline rather…

The Sri Lanka Export Development Board (EDB) is stepping up efforts to expand the country’s graphite industry by promoting value addition, strengthening industry partnerships and increasing access to international markets, as part of a broader strategy to boost mineral export earnings. As part of this initiative, a team of EDB officials recently visited Bogala Graphite…

Pan Asia Bank has announced the appointment of  B D A Perera as Chairman of the Bankand Ayodhya Iddawela Perera as Deputy Chairperson with effect from 3 rd August 2026, further strengthening the Bank’s leadership as it continues to advance its strategic priorities and long-term growth agenda. Perera succeeds to the role after serving on…

The Expolanka Leisure Cluster recorded an outstanding performance at the National Business Excellence Awards (NBEA) 2026, with three of its brands being recognised across multiple categories, reaffirming the group’s commitment to excellence, innovation, and customer-centric service delivery across Sri Lanka’s travel and tourism industry. Among the night’s top honours, Classic Travel was named Winner in the Travel, Visa and Immigration…

The Ceylon Chamber of Commerce hosted a business delegation from the Cochin Chamber of Commerce and Industry (CCCI), India, on August 4, creating direct engagement between Sri Lankan companies and businesses from Kerala to explore new commercial opportunities and strengthen private-sector links. Established in 1857, the Cochin Chamber is one of India’s oldest business chambers,…

The Commercial Bank of Ceylon has once again affirmed its standing among the world’s leading financial institutions, emerging as the No 1 ranked Sri Lankan bank in the 2026 edition of the prestigious Top 1000 World Banks ranking published by The Banker magazine, UK. Beaches & Islands The Bank’s No 1 position among local peers…

Setting a new global example for fostering an inclusive and equitable workplace reflecting its dedicated focus on championing an inclusive and equitable corporate culture, the Commercial  Bank of Ceylon has become the first  bank in the world to be accorded Champion Status by the United Nations Population Fund’s (UNFPA) Coalition for Reproductive Justice in  Business (CRJB). This global recognition marks a…

The Sri Lanka  Economic &  Investment Summit 2026 (SLEIS 2026), organised by The Ceylon Chamber of Commerce, will open with a high-level investment-focused panel discussion, bringing together leaders from the public and private sectors to examine Sri Lanka’s  investment landscape and the opportunities emerging as the country advances its economic reform agenda. South Asians & Diaspora The session, which will be…