The Sectoral Oversight Committee on Economic Development and International Relations has focused on the need to expedite the implementation of the Microfinance and Credit Regulatory Authority Act to ensure the proper regulation of the microfinance sector. The Committee, chaired by Member of Parliament Lakmali Hemachandra, Attorney-at-Law, met recently at Parliament, where discussions were held with…
Bank of China Colombo branch last Thursday became Sri Lanka’s first renminbi (RMB) clearing bank, formally launching operations that allow trade and investment with China to be settled directly in the Chinese currency, rather than through the US dollar. The branch was authorised as a clearing bank by the People’s Bank of China (PBOC), China’s…
The Sri Lanka Ports Authority (SLPA) has decided to pursue the development of a new logistics hub within the Port of Colombo through a Public–Private Partnership (PPP) following the decision of the shareholders not to proceed with the previously proposed joint venture involving China Merchants Port Holdings Company Limited, through its fully owned Subsidiary and…
The Securities and Exchange Commission of Sri Lanka (SEC) successfully hosted a series of high-level meetings of the International Organization of Securities Commissions (IOSCO), bringing together leading securities regulators and enforcement officials from around the world to discuss emerging regulatory challenges, strengthen international cooperation, and enhance collective efforts to combat cross-border securities market misconduct. The…
Sri Lanka’s total government expenditure for 2027 is set to expand by 12.6% year-on-year to Rs 4.993 trillion, up from Rs 4.434 trillion in 2026. The fiscal framework is characterized by a significant surge in capital investment alongside strict containment of the annual borrowing ceiling. An analysis of the Appropriation Bill 2027 published by tax…
Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lanka–Maldives Business Council (SLMLBC) of The Ceylon Chamber of Commerce, facilitated the participation of Sri Lankan companies at Hotel Asia 2026 in the Maldives. The initiative created opportunities for Sri Lankan businesses to connect with buyers and potential partners, as well as engage with…
Malaysia’s Axiata subsidiary Dialog has just completed their enterprise strategizing exercise in collaboration with MTI – with the focus on both Telco (Connectivity) and Tech-Co (ICT). As Sri Lanka’s leading enterprise connectivity provider, Dialog Enterprise continues to drive digital transformation by integrating advanced ICT solutions with robust connectivity infrastructure. This dual focus ensures enterprises can…
Reuters – China has proposed export controls on 12 technologies used to make solar equipment, citing national security concerns, as part of a broader revision that also covers AI and biotechnology. The ministry of commerce proposed adding the photovoltaic technologies to China’s export-control list, it said in a statement on Friday, adding that greater oversight…
The MoU was signed in Colombo during a visit by a delegation from the Cochin Chamber to Sri Lanka The Hindu Business Line – The Cochin Chamber of Commerce & Industry and the Ceylon Chamber of Commerce have signed an MoU with the objective of strengthening business linkages and promoting bilateral trade and investment between Keralam…
The global economy has weathered the latest in a series of shocks better than expected, but continued resilience should not be taken for granted. Wars and conflicts continue to impose a heavy humanitarian toll, with large economic costs and significant negative spillovers, impacting the poorest and most vulnerable the hardest. Disruptions to supply chains are…
Video Story
