Category: Business and Economy

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…

Hambantota, Sri Lanka – As Sri Lanka continues its resurgence as one of Asia’s most compelling travel destinations, Shangri-La Hambantota Golf Resort & Spa is emerging as a defining force in positioning the island as a premier destination for international weddings — where scale, setting, and storytelling converge. This vision came vividly to life this…

National Development Bank PLC (NDB) has been named Sri Lanka’s Best Trade Finance Bank at the Euromoney Awards for Excellence 2026, securing the #1 overall domestic ranking among local banks. This recognition determined through votes from corporate clients underscores the confidence placed in NDB by businesses across the country and reaffirms the Bank’s commitment to…

Sun Siyam Pasikudah, the boutique luxury resort that earned the Tripadvisor Travellers’ Choice Best of the Best award in 2025 and was named the Best Global Hotel Design winner at the Homes & Gardens Design Awards 2025, celebrated International Women’s Day on March 8, with a full programme of experiences designed to make every woman…