FINANCIAL CHRONICLE–The Sri Lankan government anticipates that fuel queues will dissipate starting Tuesday (03), following measures to prevent fuel hoarding and ensure an adequate supply, […]
Category: Business
News and analysis on Sri Lanka’s corporate sector, industries, entrepreneurship, trade, and business policy developments.
US-Israel Strike on Iran Jeopardizes Sri Lanka’s Fragile Recovery
As the sun rose over Colombo on February 28, 2026, news of a coordinated military strike by the United States and Israel against Iranian strategic […]
People’s Bank of Sri Lanka Achieves Record Profits and Asset Growth in FY 2025
Sri Lanka’s state-owned lender, People’s Bank, has announced a record-breaking consolidated profit of 43.5 billion rupees for the financial year 2025, driven by substantial gross […]
Sri Lanka Harnesses Economic Potential by Embracing Digital Nomads
FINANCIAL CHRONICLE – Sri Lanka is poised to enhance its gross domestic product by welcoming ‘digital nomads’ to reside on the island and engage in […]
Sri Lanka’s Smaller Banks Under Spotlight as Central Bank Drives Consolidation: Fitch
Fitch Ratings has expressed a positive outlook on the Central Bank of Sri Lanka’s (CBSL) reintroduction of a consolidation framework for the banking sector, viewing […]
Malaysian Airlines to Launch Self Check-In Counters at Sri Lanka’s BIA
Malaysian Airlines is set to become the third carrier to implement self check-in facilities at Sri Lanka’s Bandaranaike International Airport (BIA), aiming to streamline the […]
Vidullanka Launches 6MW Solar Project in Madampe, Sri Lanka
FINANCIAL CHRONICLE – Sri Lankan renewable energy company, Vidullanka, has announced the commissioning of its 6MW solar plant located in Madampe, Bangadeniya, Chilaw. This project […]
Sri Lanka E-Commerce Platform Achieves Cost Efficiency Through AI Integration
The head of a Sri Lankan e-commerce platform has announced that the company has achieved significant reductions in operational costs through the implementation of artificial […]
Sri Lanka’s EDB Launches ‘Beyond Borders’ Training to Propel SMEs Globally
FINANCIAL CHRONICLE – The Export Development Board (EDB) recently conducted a training program aimed at equipping potential exporters and small to medium-scale entrepreneurs with the […]
LAUGFS Gas Initiates Steps to Stabilize LPG Supply
FINANCIAL CHRONICLE – LAUGFS Gas PLC has announced that measures are being implemented to restore the availability and normal distribution of LPG within the upcoming […]
Sri Lanka Targets High-Value Tourists with MICE, Wedding, and Sports Offerings
FINANCIAL CHRONICLE – Sri Lanka is actively seeking to enhance its foreign exchange revenue through the hospitality industry by attracting high-end tourists for meetings, exhibitions, […]
Sri Lanka Aims for $4 Billion Tourism Revenue Target This Year After 2025 Shortfall
FINANCIAL CHRONICLE – Sri Lanka is setting its sights on achieving a foreign exchange revenue of US$4 billion from tourism this year, according to Deputy […]
Fitch Confirms Citibank Colombo’s Prestigious ‘AAA(lka)’ Rating
Fitch Ratings has affirmed the National Long-Term Rating of Citibank N.A. – Colombo Branch (CitiSL) at ‘AAA(lka)’, reflecting its strong alignment with Citigroup’s strategic objectives […]
Fitch Confirms ‘AAA(lka)’ Rating for Standard Chartered Bank, Sri Lanka
Fitch Ratings has reaffirmed the National Long-Term Rating of Standard Chartered Bank, Sri Lanka (SCBSL) at ‘AAA(lka)’, with a Stable Outlook. This decision reflects anticipated […]
Sri Lanka Launches New Company to Enhance Management of Economic Centers: Minister
Sri Lanka is taking steps to integrate its network of 18 dedicated economic centers into a state-owned limited liability company to tackle issues of mismanagement, […]
Sri Lankan SMEs Venture into European Markets at BIOFACH 2026 in Nuremberg
A group of Sri Lankan small and medium-sized enterprises (SMEs), including women-led businesses from the spice, coconut, dehydrated fruits, and coffee sectors, recently participated in […]
Sri Lanka’s NSB Faces Rs7.9 Billion in Non-Performing Loans Amid COPE’s Concerns Over ‘Illegal’ Maldivian Loan
According to a report by the Committee on Public Enterprises (COPE), Sri Lanka’s state-owned National Savings Bank (NSB) is grappling with non-performing loans (NPLs) amounting […]
Pakistan Bolsters Sri Lanka’s Dairy Industry with Sahiwal Bulls Shipment
FINANCIAL CHRONICLE – Sri Lanka has recently imported seven high-quality Sahiwal bulls from Pakistan to bolster its livestock and dairy development initiatives, according to officials. […]