Category: Business and Economy

Tony Ganlath heads Sri Lanka-Malaysia Business Council

Ganlath Timber and Transport Services Chairman Tony Ganlath, has been elected President of the Sri Lanka-Malaysia Business Council (SLMBC) of the Ceylon Chamber of Commerce for the 2026–2027 term. The High Commissioner of Malaysia Badli Hisham Adam who attended the occasion as the Chief Guest. The Council’s 32nd Annual General Meeting held recently at the…

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HDFC Bank celebrates 42 years of financial excellence

HDFC  Bank Sri Lanka is celebrating its 42nd anniversary on August 21, 2026. To mark over four decades of empowering Sri Lankans, the bank is hosting traditional religious observances alongside a series of key customer –centric milestones. These initiatives include the deployment of the first phase of real-time digital service delivery platform for faster customer service, the…

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CBSL tightens rules on structural changes in finance companies

The Central  Bank of Sri Lanka (CBSL) has introduced new rules governing structural changes in licensed finance companies (FCs), tightening oversight of investments, business expansion, capital adjustments and other major corporate changes. The new Finance Business Act Directions No. 04 of 2026 on Structural Changes consolidate the regulatory framework applicable to FCs and revoke three previous directions.…

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Australia’s MDF, Thema collection join hands to promote sustainable and wellness tourism

Australia’s Market Development Facility (MDF), in collaboration with Thema Collection, is set to bring together Sri Lankan tourism stakeholders to promote sustainable and wellness tourism as key drivers of the country’s future tourism growth. The industry dialogue, titled “Positioning Sri Lanka as a Sustainable & Wellness Destination,” will be held on August 21 from 2…

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Sri Lanka records 113,000 tourist arrivals in August

Sri Lanka has recorded a number of 113,307 tourist arrivals during the first 16 days of August, bringing the country’s total tourist arrivals to 1,456,725, between 1 January to 16 August 2026, according to the latest figures released by the Sri Lanka Tourism Development Authority (SLTDA). India topped as the leading source of tourists during the…

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