Category: Business and Economy

Sri Lanka is targeting $ 8 billion in tourism earnings by 2030, with the Government aiming to raise the sector’s contribution to around 5% of GDP, by transforming the country into a higher-value tourism destination, Deputy Minister of Tourism Prof Ruwan Ranasinghe said on Friday (4). Speaking on Ada Derana’s “The Public Square” programme, Ranasinghe said: “Sri…

The Board of Investment of Sri Lanka (BOI) has hosted the fifth working-level meeting of the Sri Lanka–Japan Business Environment Committee, providing a platform for Japanese investors to raise operational challenges and seek solutions from relevant government agencies. The quarterly meeting brought together representatives from the Embassy of Japan, Japan External Trade Organization (JETRO), Japan…

The Sri Lanka Export Development Board (SLEDB) recently unveiled a specially branded Airbus A321 Neo aircraft of Sri Lankan Airlines, liveried with the ‘Sri Lanka Expo 2027’ brand identity, to promote ‘Sri Lanka Expo 2027’ – the country’s premier international exhibition. The Expo will comprehensively showcase Sri Lanka’s diverse export sectors, including agriculture, Industrial, manufacturing,…

People’s Bank has once again been recognised as one of Sri Lanka’s outstanding women-friendly workplaces at the Satynmag Women Friendly Workplace Awards 2026, held recently at The Grand Maitland. This marks the sixth consecutive year that People’s Bank has received this prestigious recognition, reaffirming its steadfast commitment to fostering gender equality, diversity and inclusion within…

Sri Lanka Institute of Directors (SLID), the Young Directors Forum (YDF), and the Women Directors’ Forum (WDF), in collaboration with John Keells Stockbrokers (JKSB), successfully hosted an exclusive knowledge-sharing event titled “Investing in Times of Uncertainty” recently at the Sheraton Colombo. Held under JKSB’s #SHEinvests initiative, the event brought together SLID members and invited participants…

Sri Lanka could develop gemstones into a strategic foreign exchange asset by establishing a national gem reserve similar to its dollar and gold reserves, while using the initiative to expand imports, value addition and exports, according to Sri Lanka Miners and Dealers Association Director Dr. Sanjeewa Fonseka. Dr. Fonseka, who is also Chairman of Ceylon…

A team from the International Monetary Fund will be in Sri Lanka from September 10 to 23 for the 7th review of its program, Mission Chief Evan Papageorgiou said in a statement. The 2026 Article IV Consultations will also be held at the same time. “The IMF team will communicate its findings at the end…

Reaffirming its commitment to leading the nation toward a sustainable digital economy, the Commercial Bank of Ceylon has taken its digital payments drive to Jaffna, undertaking its most extensive single-region merchant canvassing exercise to date in support of the Central Bank of Sri Lanka’s (CBSL) national digital payments promotional programme. The initiative, conducted as part…

Delivering on its commitment to secure the future of all Sri Lankans, Cargills Bank introduced its new ‘Junior Kotipathi’ Investment Savings Account. The product was officially unveiled during a special launch event on August 22 at the Funcity area in Excel World, where the bank’s customers were invited to experience the new offering. A future-facing,…

Hayleys Agriculture Holdings Limited launched its new Hayleys Grain & Food Processing Machinery business at ProFood, ProPack & AgBiz 2026, held from 21st  to 23rd  August 2026 at the BMICH, Colombo, marking a significant expansion of its portfolio into specialised machinery and technology solutions for Sri Lanka’s grain and food processing industries. Hayleys Agriculture used…