International Finance Corporation (IFC), a member of the World Bank Group, has announced a financial package totaling USD 166 million in loans and credit guarantees […]
Category: Business
News and analysis on Sri Lanka’s corporate sector, industries, entrepreneurship, trade, and business policy developments.
Sri Lanka Enhances Protectionism in Coconut Foreign Direct Investment
Sri Lanka has taken measures to prevent several multinational companies from establishing industries using coconut husks, aiming to protect local businesses that are less efficient, […]
Sri Lanka’s Unfulfilled Battery Tariff Promises Waste Renewable Energy, Say Solar Firms
Sri Lanka’s solar power companies were assured a battery tariff of 46.80 rupees per unit to be effective in 2025. However, as of December, the […]
Bay One Residences Unveiled in Colombo’s China-Funded Port City
FINANCIAL CHRONICLE – ICC, an engineering and construction group, has launched Bay One Residences Colombo, an apartment project located in Sri Lanka’s China-backed Port City […]
Sri Lanka Unveils Innovative Digital Platform to Revolutionize Data-Driven Agriculture
FINANCIAL CHRONICLE – Sri Lanka has introduced a comprehensive suite of tools and a national digital platform for cultivation data and data-driven decision-making, with support […]
Sri Lanka Achieves 4.74% Increase in Tea Exports for 2025
In 2025, Sri Lanka’s tea exports reached 257.44 million kilograms, marking a 4.74 percent increase compared to the previous year, according to industry data. Export […]
Sri Lanka Initiates National Policy and Authority to Safeguard Central Highlands
FINANCIAL CHRONICLE – The recovery efforts in Sri Lanka’s central highlands following Cyclone Ditwah have been hindered by a lack of coordination among the institutions […]
Nations Trust Bank of Sri Lanka Receives $70 Million Boost from IFC Financing
Sri Lanka’s Nations Trust Bank has announced securing a debt financing package of up to $70 million from the International Finance Corporation (IFC), the private […]
Port City at COPF: What Was Approved – And What Still Isn’t
The Committee on Public Finance (COPF) has now approved the Colombo Port City Economic Commission (Amendment) Bill, but the discussion revealed why approvals inside Port City have been uneven […]
Dhammika Perera dazzles again – with Hayleys PLC
By Faraz Shauketaly There are two kinds of capital markets participants in Sri Lanka.Those who trade headlines — and those who compound value. Dhammika Perera belongs firmly […]
Sri Lanka Solar Companies Demand Compensation for Reduced Power Purchases
FINANCIAL CHRONICLE – Solar power producers in Sri Lanka are requesting compensation for reduced power purchases, citing an inability to service debts due to the […]
Sunshine Holdings Acquires Joint Agri Products Ceylon for Rs 2.6 Billion
Sunshine Holdings PLC has announced the acquisition of a 75% stake in Joint Agri Products Ceylon (Private) Limited (JAPC), a prominent exporter of premium organic […]
Sri Lanka’s CBL Acquires Indonesian Coconut Factory in $25 Million Deal
FINANCIAL CHRONICLE – The Sri Lanka-based food manufacturer, CBL Group, has announced the acquisition of a coconut processing plant in Indonesia for $25 million. This […]
Softlogic Life Insurance Secures $15 Million Loans from Finnfund and Norfund
Softlogic Life Insurance PLC, a key player in Sri Lanka’s insurance sector, has announced the signing of a subordinated loan agreement valued at $15 million. […]
Fitch Affirms Sri Lanka Insurance Corp General’s Ratings at ‘CCC+’ and ‘A+(lka)’
Fitch Ratings has reaffirmed the ‘CCC+’ Insurer Financial Strength (IFS) rating and the ‘A+(lka)’ National IFS rating for Sri Lanka Insurance Corporation General Limited (SLIC […]
Chinese Investors Target Unutilized Sri Lankan Land for Export Agriculture
A delegation from the Chinese Chamber of Commerce recently met with Sri Lanka’s Minister of Agriculture to discuss opportunities for cultivating fruits and vegetables for […]
Sri Lanka Minister Calls on Expatriates to Attract New Tourism Investors
The Sri Lankan Minister of Foreign Affairs and Tourism, Vijitha Herath, has called upon the country’s expatriate community to invest in the tourism sector, emphasizing […]
UK Enhances Sri Lanka’s Apparel Industry with Liberalized DCTS Trade Benefits
The United Kingdom continues to be one of Sri Lanka’s most significant trading partners, currently ranking as the second-largest destination for Sri Lankan exports. In […]