Sri Lanka’s National Development Bank PLC has reported a significant internal fraud perpetrated by its employees, resulting in an estimated financial loss of around 13.2 […]
Category: Business
News and analysis on Sri Lanka’s corporate sector, industries, entrepreneurship, trade, and business policy developments.
NDB Bank Fraud: Under the Lens – Questions No Longer Waiting
Allegations of fraud, internal controls in doubt, and mounting calls for regulatory scrutiny? Is the Central Bank on the ball? 4-Eyes rules clearly failed! Be […]
How Sri Lanka Tea Is Surviving the War
Demand is intact, but disruption is redefining the trade Be that as it may, Sri Lanka’s tea industry is not collapsing under the weight of […]
NDB of Sri Lanka Unveils Significant Fraud Incident, Cautions Potential Losses Could Surpass Rs380 Million
Sri Lanka’s National Development Bank (NDB) has announced the discovery of fraudulent activities involving certain employees collaborating with outside parties. The bank has taken steps […]
March Sees 19.7% Decline in Sri Lanka’s Tourist Arrivals Due to Middle East Conflict
FINANCIAL CHRONICLE – In March 2026, Sri Lanka experienced a significant decline in tourist arrivals, with numbers dropping by 19.7% compared to the same month […]
Sri Lanka Announces Rs243 Billion Investment in Maha Oya Pumped Storage Hydropower Initiative
FINANCIAL CHRONICLE — The Sri Lankan government has approved a plan for the Ceylon Electricity Board (CEB) to initiate the Maha Oya pumped storage hydropower […]
Sri Lanka Approves Innovative Battery Storage Initiative
FINANCIAL CHRONICLE — The Cabinet of Sri Lanka has given the green light to a plan for the acquisition of 300 MW of Battery Energy […]
NewsDive Expands Beyond Borders, Offering AI-Curated News for a Global Audience
In a media landscape crowded with noise and fragmentation, NewsDive is emerging as a platform with ambitions far beyond Sri Lanka. While initially positioned as a smart […]
Sri Lanka Set to Revise Immigration Legislation to Grant Complimentary Visas for Citizens of 39 Nations
Sri Lanka is set to present a proposed amendment to its Immigration and Emigration Act, with plans to offer complimentary tourist visas to travelers from […]
Sri Lanka Implements Ban on Scrap Metal Exports to Protect Domestic Industries
FINANCIAL CHRONICLE – The Cabinet of Sri Lanka has sanctioned a proposal aimed at implementing legal measures to ban the export of scrap metal, which […]
Sri Lanka Ports Authority Assures Steady Fuel Supply Amid Increased Transshipment Activity
FINANCIAL CHRONICLE — An official from the Sri Lanka Ports Authority (SLPA) has confirmed that the organization has adequate fuel supplies in light of the […]
Deputy Minister Reveals Sri Lankan Banks Denying SMEs Access to Rs95 Billion Credit Facility
FINANCIAL CHRONICLE – The Ministry of Industries in Sri Lanka has urged business owners to connect with regional development officers and circumvent “uncooperative” bank branches […]
Sri Lanka Eases QR Restrictions to Support Agricultural Sector
Sri Lanka’s Department of Agrarian Development has implemented a new fuel distribution system for farmers that circumvents the conventional QR code procedures, a move aimed […]
Tourist Arrivals in Sri Lanka Plummet by 18.1% in March Due to Middle East Turbulence
FINANCIAL CHRONICLE – According to official statistics, Sri Lanka experienced an 18.1 percent decrease in tourist arrivals during the first 25 days of March 2026, […]
Sri Lanka’s Fisheries Ministry Initiates Fuel Monitoring System for 35,000 Fishing Vessels
FINANCIAL CHRONICLE – The Ministry of Fisheries in Sri Lanka has announced plans to enhance fuel distribution for the fishing sector by implementing online tracking […]
Sri Lanka’s national fuel distributor indicates potential for price reduction contingent on securing crude oil shipments.
FINANCIAL CHRONICLE – The President of the state-run Ceylon Petroleum Corporation (CPC) has indicated that Sri Lanka could potentially lower fuel prices if it successfully […]
LankaPay Technnovation Awards Celebrates Outstanding Achievements in Digital Payments
FINANCIAL CHRONICLE – Commercial Bank won the Gold Award for “Excellence in Digital Payments” under the banks category at Sri Lanka’s LankaPay Technnovation Awards held […]
Deloitte Encourages Sri Lankan Businesses to Enhance Tax and Regulatory Expertise for Global Expansion
FINANCIAL CHRONICLE – Sri Lankan companies need to look beyond domestic markets for growth and must possess a deep understanding of the tax and regulatory […]