According to the Central Bank of Sri Lanka, the country’s foreign exchange revenue from tourism in December 2025 experienced a 14.8% decline compared to the […]
Category: Business
News and analysis on Sri Lanka’s corporate sector, industries, entrepreneurship, trade, and business policy developments.
Turkish Airlines Elevates Colombo Route with State-of-the-Art A350-900 Aircraft
FINANCIAL CHRONICLE – Turkish Airlines, Turkey’s national airline, has upgraded its Istanbul to Colombo route by introducing the long-range, wide-body twin-engine A350-900 aircraft, replacing the […]
Sri Lanka Expo 2026 Aims to Attract 1,500 International Buyers and Investors with Participation from 750 Exporters
Sri Lanka Expo 2026 is set to feature 750 exporters and host an investor forum, targeting the participation of 1,500 foreign attendees, including buyers, investors, […]
Parakrama Dissanayake Named Adviser on Maritime Logistics to Sri Lanka’s President
Parakrama Dissanayake, a seasoned professional in the maritime industry, has been appointed as an advisor to Sri Lanka’s President Anura Dissanayake on matters related to […]
India to rebuild Sri Lanka’s cyclone hit bridges spending $30mn
India has pledged 30 million US dollars to reconstruct damaged bridges in Sri Lanka, with the inauguration of the first two bridges scheduled for next […]
Sri Lanka planning to bring power generation cost below Rs25 rupees: Minister
Sri Lanka’s Ministry of Power is working on reducing electricity generation costs to 25 rupees per unit by mid-2025 through competitive bidding, according to Energy […]
Top 3 Listed Sri Lankan Companies by EBITDA
1) Hayleys PLC — ~Rs 60.0 billion (FY 2024/25) Hayleys reported consolidated EBITDA of approximately Rs 60 billion for the year ended 31 March 2025. This was […]
Sri Lanka to conduct ‘leakage survey’ to determine accurate tourism revenue
The Sri Lanka Tourism Development Authority (SLTDA) is set to initiate a leakage survey later this month to accurately assess tourism revenue, as announced by […]
Sri Lanka awards licence plate tender to South Asian Technologies
FINANCIAL CHRONICLE – The Cabinet of Ministers in Sri Lanka has given the green light for a proposal to award the procurement of printing and […]
Sri Lanka awards Murban crude deal to Singapore-based Vitol Asia
FINANCIAL CHRONICLE – The Sri Lankan Cabinet of Ministers has selected Vitol Asia Pte. Ltd., based in Singapore, to manage a contract for four shipments […]
Sri Lanka hikes diesel, premium fuel from January 2026
Sri Lanka’s state-operated Ceylon Petroleum Corporation has announced an increase in fuel prices, effective from midnight on January 5. The price adjustment affects all fuel […]
Sri Lanka tourist arrivals rise 4.2-pct in Dec 2025, after Ditwah
According to data released by the tourism development authority, Sri Lanka experienced a modest increase in tourist arrivals, rising by 4.2% compared to the previous […]
Deloitte supports D P Logistics in the acquisition of Logicare (Pvt) Ltd
Deloitte Sri Lanka has provided strategic advisory services to D P Logistics (Private) Limited, the logistics division of the David Pieris Group of Companies, in […]
Sri Lanka regulator extends administrator’s term for troubled Nation Lanka Finance
Sri Lanka’s central bank has announced a six-month extension for the tenure of the administrator appointed to Nation Lanka Finance PLC (NLFP). This decision aims […]
Sri Lanka to implement free visa scheme in first quarter of 2025
FINANCIAL CHRONICLE – Sri Lanka is set to implement its previously announced visa-free scheme starting from the first quarter of this year, according to Foreign […]
Sri Lanka will enforce law against tuk-tuk driver violence, Minister says
Sri Lankan authorities have been urged to enforce laws against violent tactics employed by tuk-tuk driver associations targeting PickMe and Uber drivers who offer lower […]
Sri Lanka confirms increase in casino levies and entry fees as of 1 January 2026
Sri Lanka’s Inland Revenue Department has issued an official notice confirming increases in casino-related levies and entry fees, following Cabinet approval granted in September. The revised measures […]
Sri Lanka targets 3.0 million tourists in 2026 with better marketing
FINANCIAL CHRONICLE – Sri Lanka aims to attract 3.0 million tourists by 2026, supported by enhanced marketing efforts, according to Buddika Hewawasam, Chairman of the […]