FINANCIAL CHRONICLE – Sri Lanka expressed gratitude for Iran’s offer to supply oil in the event of Colombo requests, but stated that the country does […]
Category: Business
News and analysis on Sri Lanka’s corporate sector, industries, entrepreneurship, trade, and business policy developments.
Russian Official Visits Sri Lanka for High-Level Discussions on Government-to-Government Oil Agreement, Says Minister
FINANCIAL CHRONICLE – Russia’s Deputy Energy Minister Roman Marshavin will visit Sri Lanka to hold formal talks regarding a government-to-government oil deal. This announcement was […]
LankaPay Partners with Weixin Pay to Enhance Digital Payment Solutions for Chinese Tourists
FINANCIAL CHRONICLE – LankaPay, Sri Lanka’s national payment network, has integrated with Weixin Pay (WeChat Pay), allowing Chinese tourists to make payments at over 400,000 […]
Maga Secures Rs2.16 Billion Contract for Fort Railway Station Upgrade in Sri Lanka
FINANCIAL CHRONICLE – Sri Lanka’s Cabinet has approved a proposal to award a contract worth 2,162.64 million rupees (excluding tax) to MAGA Engineering (Pvt) Ltd […]
Sri Lanka Forms Committee to Strategically Advance Energy Economy Development
FINANCIAL CHRONICLE – Sri Lanka’s cabinet has approved the establishment of a new committee aimed at the development of the energy economy, in response to […]
Sri Lanka Implements 12.19% Increase in Bus Fares Following Fuel Price Surge
FINANCIAL CHRONICLE – Sri Lanka state-run and private bus fares will go up by an average of 12.19 percent following the latest hike in fuel […]
Iran Offers Fuel and Essential Supplies to Sri Lanka, Conditional on Requests: Envoy
FINANCIAL CHRONICLE – Tehran is prepared to supply fuel and other essential goods to Sri Lanka if requested, according to the Iranian Ambassador to Sri […]
Sri Lanka Assures No Power Cuts Planned, Encourages Energy Conservation Among Citizens
FINANCIAL CHRONICLE – The Sri Lankan government has announced that there are no plans for power cuts in the near future, despite the ongoing fuel […]
Sri Lanka Increases Fuel Prices, Approaching 2022 Crisis Levels: Petrol Hits Rs. 398 and Diesel Reaches Rs. 382
FINANCIAL CHRONICLE – Sri Lanka’s state-owned fuel retailer has raised fuel prices by 24% to 30%, approaching the levels seen during the 2022 economic crisis. […]
Sri Lanka Increases Fuel Quota for Vehicles to Meet Rising Demand
FINANCIAL CHRONICLE – Sri Lanka’s government has revised the fuel quota provided under a QR code system, effective from tonight. Cars will now receive 25 […]
Sri Lanka Sees Trinco Oil Tanks as Key to Resolving Fuel Shortage Crisis
FINANCIAL CHRONICLE – Sri Lanka hopes the renovation of the oil tank farm in the island nation’s Eastern port district of Trincomalee, with an India, […]
Sri Lanka Expedites Fuel Supply for Exporters Amid Shortage, Announces EDB Chief
FINANCIAL CHRONICLE – Sri Lanka will implement a priority program to ensure exporters receive fuel stocks without delay, the Export Development Board chairman said. This […]
War Risks and Rerouted Ships Impact Sri Lanka’s Tea Industry
FINANCIAL CHRONICLE – Sri Lanka’s tea industry is navigating a deepening crisis as prolonged conflict in West Asia has jeopardized the island nation’s top export […]
NPCI International Launches Digital Payment Solutions for Indian Travelers in Sri Lanka
FINANCIAL CHRONICLE – NPCI International Payments Limited (NIPL), the international arm of the National Payments Corporation of India (NPCI), said it plans to integrate its […]
Sri Lankan Banks Announce Reduced Wednesday Operating Hours
FINANCIAL CHRONICLE – Sri Lanka’s banks have announced they will operate shorter hours on Wednesdays following the government’s decision to declare the midweek a public […]
Sri Lanka Permits Select Sectors to Conduct Fuel Transactions in US Dollars
FINANCIAL CHRONICLE – Sri Lanka has allowed the private sector to import and sell fuel for the export and tourism sectors in U.S. dollars to […]
Sri Lanka Aims for Regional Gaming Hub Status with Strategic Chinese Tech Partnership
FINANCIAL CHRONICLE – Sri Lanka is exploring positioning its capital city as the gaming hub using innovative technology mainly from Chinese firms, the Deputy Tourism […]
Sri Lanka Motorists Report Issues with Fuel QR System as Queues Persist
FINANCIAL CHRONICLE – Sri Lankan motorists have complained about lapses in registering for the National Fuel Pass after the government rationed fuel through QR scan […]