In a significant step towards sustainable plastic waste management, Island Climate Initiative (ICI) officially launched GP Certified, Sri Lanka’s first certification mechanism for high-quality recycled plastics. The launch event, held in Colombo, brought together key stakeholders—including FMCG brands, recyclers, policymakers, and environmental advocates—to introduce the future of sustainable packaging in Sri Lanka. Sri Lanka generates…
Sri Lanka’s investment environment needs diversification to provide better opportunities for both the public and corporations, Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe stated while addressing the ‘Invest Sri Lanka’ forum held in Colombo today (27). Highlighting the limited investment options available to the general public within the country, he emphasized…
The Sri Lankan Export Development Board (EDB) is proud to host the newly launched SheTrades Sri Lanka Hub, marking a milestone in the country’s ongoing efforts to support women entrepreneurs. As the host institution, EDB, in collaboration with ITC SheTrades, uses the SheTrades Outlook tool to monitor the policy environment and assess its support for…
Janashakthi Life, one of the fastest growing Life insurers in Sri Lanka has recorded a massive LKR 5.7 Billion Profit Before Tax for the period under review. This is the second consecutive year the company has surpassed the LKR 5 billion mark in PBT. Reflecting on the company’s achievements, Ravi Liyanage, Director / CEO of…
By virtue of the powers vested under Section 19 (1) read together with section 19 (2) of the Financial Transactions Reporting Act, No. 6 of 2006 (FTRA), financial penalties are imposed on Institutions for non-compliance with the provisions of the FTRA. The penalty may be prescribed by taking into consideration the nature and gravity of…
Bloomberg – As Sri Lanka stabilizes after an unprecedented default in 2022, global investors will return if the country is perceived to be on the right track, according to Sweden’s Tundra Fonder AB. Since a restructuring of Sri Lanka’s dollar bonds in December, the country’s economic expansion has beaten forecasts and its credit ratings have been upgraded, though…
Bloomberg – Sri Lanka’s new government will be restricted in how much it can spend for at least the next two years, the prime minister said, as it looks to balance campaign pledges to unwind tax increases and other austerity measures against limits set by its $3 billion bailout program. Despite an unprecedented mandate that…
Reuters – Siemens Energy, opens new tab will sell 90% of its wind turbine business in India and Sri Lanka to an investor group led by the climate investment arm of buyout group TPG, opens new tab, in the latest move aimed at fixing its struggling renewables division. Siemens Gamesa, Siemens Energy’s loss-making wind turbine…
Softlogic Life, one of Sri Lanka’s leading life insurers, today announces it has agreed to acquire 100% of the shares of Allianz Life Insurance Lanka Limited , subject to the approval of the Insurance Regulatory Commission of Sri Lanka. The acquisition aligns with Softlogic Life’s mission to deliver world class life insurance products to consumers…
As agreed with the Sri Lanka Banks’ Association (Guarantee) Ltd. (SLBA), to provide relief measures to affected SMEs by licensed commercial banks and licensed specialised banks, Circular No. 04 of 2024 dated 19.12.2024, and its addendum, Circular No. 01 of 2025 dated 01.01.2025 were issued by the Central Bank of Sri Lanka to ensure the…
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