Boston Consulting Group (BCG) today (07) released a report, “The Changing Path to Purchase in Sri Lanka,” in collaboration with The Ceylon Chamber of Commerce. It examines how Sri Lanka discovers, selects and transacts in a recovering economy. Six years on from BCG’s first study of the Sri Lankan consumer in 2020, the report set…
Official reserve assets held by the Central Bank of Sri Lanka experienced a minor contraction in September 2026, falling to USD 6,851 million. This figure reflects a 1.1% decrease compared to the USD 6,929 million recorded at the end of August 2026. The primary element of the official reserves, Foreign Currency Reserves, dropped by 1.6%…
Seylan Bank PLC, has surpassed LKR 1 trillion in total assets, marking a significant milestone in the Bank’s growth journey and strengthening its position among Sri Lanka’s leading private sector banks. The Bank reached the milestone in September 2026, becoming the fourth private sector bank in Sri Lanka to achieve this landmark. Surpassing LKR 1…
The Appropriation Bill for the year 2027 was presented to Parliament today (Oct. 07) for its First Reading by Dr. Anil Jayantha, Minister of Labour and Deputy Minister of Finance and Planning. The Appropriation Bill for the 2027 financial year provides for the allocation of financial resources required to meet government expenditure amounting to rupees…
The National Chamber of Exporters of Sri Lanka (NCE), in partnership with the Canadian Chamber of Commerce in Sri Lanka (CanCham), convened the Sri Lanka–Canada Trade, Investment & Market Access Forum on 21 September at the Cinnamon Grand Colombo, bringing together exporters, policymakers, diplomatic representatives, and business leaders to examine opportunities and challenges in expanding…
New three-tier proposition combines bespoke banking, strategic wealth management, expert advisory, refined lifestyle privileges and enriching rewards The Commercial Bank of Ceylon has reaffirmed its commitment to providing a bespoke banking experience with the launch of ‘Prestige’ for Sri Lanka’s High Net worth (HNW) clientele. Bringing together the full weight and capabilities of Sri Lanka’s…
The BOI Chairman, Mr. Duminda Hulangamuwa, and Director General (DG) Dr. Sulakshana Jayawardena visited the Northern Province to examine the potential to drive investment into the Northern Province. The visit brought together government leaders, regional administrators and investors with a shared purpose: to fast-track two new Export Processing Zones at Paranthan and Kankasanthurai (KKS), make…
The Colombo Stock Exchange (CSE) and Commercial Bank of Ceylon PLC (Commercial Bank) signed a Memorandum of Understanding (MoU) last week to foster enterprise development, facilitate capital formation, and enhance collaboration across several strategic areas. The agreement arises from a mutual recognition of the opportunities to expand access by providing a platform to support SMEs…
The Sri Lanka Export Development Board (EDB) presented appointment letters to the members of its Advisory Committees for 2026–2029 and launched the Export Performance Indicators 2025 at a ceremony held yesterday at The Grand Maitland, Maitland Place, Colombo 07. Minister of Industry and Entrepreneurship Development Sunil Handunnetti graced the occasion as the chief guest. Addressing…
Reuters – Oil prices rose on Wednesday as the market weighed supply constraints from a storm heading for US oil-producing regions and attacks by Yemen’s Iran-backed Houthis on Saudi Arabia against increased supplies of Middle East crude. Brent futures rose 93 cents, or 0.92%, to $101.51 a barrel by 0022 GMT. US West Texas Intermediate…
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