Sri Lanka’s Export Development Board has entered into a collaboration with Janathakshan GTE Ltd, the partner organization for the UNDP’s GEF-07 Project, aimed at promoting […]
Category: Business
News and analysis on Sri Lanka’s corporate sector, industries, entrepreneurship, trade, and business policy developments.
Vidullanka Acquires 49% Stake in Solex in Strategic Investment Move
FINANCIAL CHRONICLE – Vidullanka, a Sri Lankan energy company, has announced that it has finalized a share sale and purchase agreement along with a shareholders’ […]
Sri Lanka’s Central Bank Investigates All Financial Institutions for NDB-Style Fraud, Says Governor
FINANCIAL CHRONICLE – The Central Bank of Sri Lanka has conducted a thorough examination of all banking institutions to identify any fraudulent activities akin to […]
Sri Lanka Central Bank Investigates All Financial Institutions for NDB-Style Fraud, Says Governor
FINANCIAL CHRONICLE – The Governor of Sri Lanka’s Central Bank, Nandalal Weerasinghe, announced that a thorough examination of all banking institutions was conducted to identify […]
Sri Lanka Expo 2026 Delayed Amidst Geopolitical Instabilities
FINANCIAL CHRONICLE – The Sri Lanka Expo 2026, which was initially planned for this year, has been rescheduled to take place from January 14 to […]
Short Circuit Group Expands with Strategic Acquisition of Payables
FINANCIAL CHRONICLE – Short Circuit Group has acquired Payables, a digital payment platform in Sri Lanka, enhancing its transaction volume by $200 million. This acquisition […]
Sri Lanka poised to revise State Mortgage and Investment Bank legislation to enhance profitability.
FINANCIAL CHRONICLE — The cabinet of Sri Lanka has given the green light to a proposal aimed at revising the State Mortgage and Investment Bank […]
Sri Lanka Introduces Groundbreaking Legislation to Hold Plastic Manufacturers Accountable
FINANCIAL CHRONICLE — The Sri Lankan government is set to amend the Environmental Act to implement Extended Producer Responsibility (EPR), a regulatory framework that will […]
Concerns Raised Over State Prioritization in Sri Lanka’s Bankruptcy Legislation
FINANCIAL CHRONICLE – A proposed bankruptcy legislation, which prioritizes tax collection by the Inland Revenue Department over other creditors, has come under scrutiny during a […]
Hilton Colombo: Why an 11-Year Lock-In May Cost the State Dearly
When a strategic state-owned asset is reportedly being prepared for sale, divestment or restructuring, one principle ordinarily governs serious commercial thinking: keep the asset as […]
Sri Lanka’s regulatory body approves an 18% increase in electricity tariffs following fuel price surge and decline in coal quality.
FINANCIAL CHRONICLE – The Public Utilities Commission of Sri Lanka (PUCSL), which oversees the nation’s electricity sector, has sanctioned an 18% increase in electricity tariffs […]
Call Mounts for Forensic Audit of All Banks Under Central Bank Supervision Following NDB Fraud
Growing public concern over the reported Rs. 13.2 billion fraud linked to NDB Bank has intensified calls for the Central Bank of Sri Lanka to initiate independent forensic audits […]
UN research ship finishes comprehensive marine exploration in Sri Lankan waters.
FINANCIAL CHRONICLE – The research vessel Dr. Fridtjof Nansen has recently set sail from Colombo after completing a comprehensive marine scientific survey in the waters […]
NDB Bank Fraud: CBSL Banking Supervision Under Fire at CoPF
Ravi Karunanayake Questions How Rs. 13.2 Billion Grew Inside NDB Systems Without Stronger Regulatory Intervention Sri Lanka’s banking supervision architecture itself came under unusually sharp […]
Sri Lanka’s Renewable Energy Small Businesses on the Brink of Collapse Due to Rs10 Billion in Unpaid Debts
FINANCIAL CHRONICLE – The Federation of Renewable Energy Developers (FRED) has issued a stark warning regarding the future of Sri Lanka’s renewable energy sector, indicating […]
Sri Lanka Seeks Expressions of Interest to Initiate Green Hydrogen and Ammonia Initiatives
Sri Lanka’s Ministry of Energy, along with the Board of Investment (BoI), has initiated a Request for Information (RFI) aimed at fostering the development of […]
April Sees a 24.8% Drop in Tourist Arrivals to Sri Lanka Amid Ongoing Conflict
FINANCIAL CHRONICLE – In April 2026, Sri Lanka experienced a significant decline in tourist arrivals, with a decrease of 24.8 percent, according to official statistics. […]
Insight into Sri Lanka’s Rising Fuel Costs and the Impending Cost of Living Challenge
FINANCIAL CHRONICLE – In a span of just five weeks, Sri Lankans have endured an alarming four rounds of fuel price increases, with the most […]