Sri Lanka’s exports have surged past $1.3 billion in January 2025, marking a strong and promising start to the year! This remarkable growth reflects the resilience, innovation, and competitiveness of Sri Lankan industries, paving the way for sustained economic success. The merchandise export performance in January 2025 amounted to US$ 1,004.82 million, recorded an 3.51…
Bank’s Financial Performance Financial Highlights Profit before Income Tax (PBT) of LKR 16.04 Bn with a 59% growth Profit after Tax (PAT) of LKR 10.05 Bn with a 61% growth Total Assets of LKR 780 Bn, with a 9% growth All Currency LCR at 491.37 % and Rupee LCR at 415.75% Impaired Loans (Stage 3)…
Home Lands Skyline, the undisputed leader in real estate development in Sri Lanka, is gearing up to transform the coastal town of Negombo by acquiring 7 acres of premier lagoon front land for a US$ 40 million landmark development project that is set to make history as the First Tourists Resort Apartment in Sri Lanka….
Port City Colombo, Sri Lanka’s first multi-service Special Economic Zone, recently hosted Lord Swire, Deputy Chairman of the Commonwealth Enterprise and Investment Council (CWEIC) to an exclusive session on the project’s attractive investment opportunities and economic potential within the South Asian regional sphere. He was accompanied by CWEIC officials including Niro Cooke, Country Chair –…
The Joint Apparel Association Forum (JAAF), in collaboration with Monash Business School and the Postgraduate Institute of Management (PIM) successfully hosted the International Conference on the Apparel Industry 2025 recently in Colombo. This was the second time the event was held, following its inaugural edition in 2018, as part of JAAF’s commitment to fostering dialogue…
The Cabinet of Ministers has approved the extension of the Project Management Unit overseeing the Colombo Port City Development Project until June 5, 2027. The unit serves as the primary liaison between the Sri Lankan government and CHEC Port City Colombo (Pvt) Ltd, facilitating project supervision, issue resolution, and coordination of utility services. This extension…
Apple announced its largest-ever spend commitment, with plans to spend and invest more than $500 billion in the U.S. over the next four years. This new pledge builds on Apple’s long history of investing in American innovation and advanced high-skilled manufacturing, and will support a wide range of initiatives that focus on artificial intelligence, silicon…
The Center for Poverty Analysis (CEPA) is set to host a high-level symposium on February 27th at the Hilton, Colombo, to present key findings from its comprehensive 5000-household poverty study conducted in 2023. The study, partially funded by the Asian Development Bank (ADB), assesses the impact of Sri Lanka’s economic crises on poverty incidence and…
CBL Group, Sri Lanka’s leading food conglomerate, has entered the Kenyan market by establishing a distribution hub as part of its strategic move to strengthen exports and establish a foothold in East Africa. This expansion aligns with the company’s long-term growth strategy to extend its global reach and cater to new consumer segments. “We are…
Sri Lankan tech startups and scale-ups gathered at the EDB on 20th February 2025 for an insightful and empowering awareness session organized by the Export Services Division (EDB). The session was designed to provide local tech businesses with essential market entry strategies for Europe, with a particular focus on leveraging Berlin’s thriving startup ecosystem. The…
Video Story
