Sri Lanka is set to enhance the enforcement of its fuel QR quota system as the country’s expenditure on fuel imports surged to an alarming […]
Category: Business
News and analysis on Sri Lanka’s corporate sector, industries, entrepreneurship, trade, and business policy developments.
Sri Lanka’s trade association plans to broaden export testing services beyond the capital city of Colombo.
FINANCIAL CHRONICLE – The Export Development Board (EDB) of Sri Lanka has announced its intention to enhance testing and certification facilities throughout the nation in […]
Sri Lanka adjusts fuel prices, approaching 2022 crisis highs due to increased import costs.
FINANCIAL CHRONICLE – In response to escalating global oil prices and increased import volumes, Sri Lanka has implemented its fifth fuel price increase since the […]
Sri Lanka’s April Fuel Expenditure Soars to $886 Million
FINANCIAL CHRONICLE – In April, Sri Lanka’s oil import expenses skyrocketed by 149.9 percent, reaching US$ 886 million, largely attributed to increased fuel prices stemming […]
EU and Sri Lanka Explore Opportunities for Maritime and Logistics Hub Development
FINANCIAL CHRONICLE – A significant forum, the EU–Sri Lanka Business Roundtable, convened in Colombo to explore strategies for enhancing Sri Lanka’s position as a competitive […]
Commercial Bank introduces PayPal withdrawal options for freelancers in Sri Lanka.
FINANCIAL CHRONICLE – Commercial Bank of Ceylon has introduced a new feature that allows Sri Lankan freelancers, digital entrepreneurs, and exporters to transfer their PayPal […]
The Growing Backlash Against Dialog Axiata PLC
Dialog Axiata PLC has now emerged as one of the most valuable listed company in Sri Lanka by market capitalisation with over Rs 382 billion cementing […]
AI Research Warns Sri Lanka Is Becoming South Asia’s Most Fragile Environment for Startup Companies
Colombo — Artificial intelligence-driven forecasting systems used by global investors and venture capital analysts are increasingly identifying Sri Lanka as one of the weakest environments in […]
SLBA Assures Public of Sri Lanka’s Banking Safety Despite Recent Fraud Cases
Despite recent incidents of financial fraud, the Sri Lanka Banks’ Association (SLBA) has asserted that the country’s banking sector is stable and secure. The association […]
Lanka Data Net (LDN) Releases First Version of Intelligent Layer for Public Data Access
Sri Lanka’s emerging public data ecosystem took a significant step forward this week with the release of the first version of the Lanka Data Intelligent Layer, […]
Sri Lanka Aims to Capture 2.8 Million Uninsured Vehicles with Innovative Digital Card Initiative
Sri Lanka is set to implement a digital insurance card, replacing the existing plastic version, in an effort to integrate 2.8 million uninsured vehicles into […]
Much Ado Over Nothing? The 50% Vehicle Surcharge Controversy May Have Produced More Political Heat Than Economic Fire
What initially appeared destined to become yet another major controversy involving alleged insider advantage, privileged access and “big business” influence over state decision-making may now […]
Commercial Bank of Sri Lanka set to launch new branch in port city
FINANCIAL CHRONICLE – Commercial Bank of Sri Lanka has taken a significant step by becoming one of the inaugural banks to set up a branch […]
Sri Lanka’s CPC Allocates $521 Million for Oil Purchases in May, Reports Official
According to Deputy Finance Minister Anil Jayantha, the Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-run fuel supplier, reported a significant increase in its oil import […]
Fitch Revises Sri Lanka’s NITF IFS Rating to ‘BBB-(lka)’ with a Negative Outlook
Fitch Ratings has revised the National Insurer Financial Strength (IFS) Rating for the National Insurance Trust Fund Board (NITF) of Sri Lanka, lowering it from […]
Sri Lanka Requires Disclosure of Beneficial Ownership, with Implementation Being Crucial: Deloitte
FINANCIAL CHRONICLE – The recent implementation of mandatory Beneficial Ownership (BO) disclosure in Sri Lanka marks a significant move towards enhancing corporate transparency and aligning […]
Sri Lanka commits to clearing Rs15 billion in renewable energy payments by the end of June.
FINANCIAL CHRONICLE – Sri Lanka’s Energy Minister, Aruna Karunathilaka, announced in parliament that the government plans to completely settle the nearly 15 billion rupees owed […]
Sri Lanka Sees Surge in Tourist Arrivals in May Following Decline Due to Middle East Conflict
According to recent official statistics, Sri Lanka experienced an uptick in tourist arrivals during May, following a decline in the previous two months due to […]