The month of January 2025 has set a new record for the highest number of tourists arrivals in Sri Lanka in a single month. Accordingly, a total of 252,761 tourist have arrived in the island in January 2025. In comparison, 238,924 tourists had visited the island in January 2018, while 208,253 had arrived in January…
The All Share Price Index (ASPI) and the S&P SL20 of the Colombo Stock Exchange (CSE) have both dropped significantly at the close of trading today (05). Accordingly, the ASPI has recorded a decline of 500.39 points (-2.95%) to close at 16,456.10 points. This is the largest drop of the index within a single day…
The company plans to revive cotton cultivation, support traditional textile artisans and experiment with eco-friendly fabric production and treatment, while also establishing a coastal recycling hub targeting ocean plastic waste. MYGroup, a leading UK waste management and recycling company, is embarking on a pioneering sustainable textile production and manufacturing proof-of-concept in Sri Lanka, set to empower…
Sri Lanka made a strong impression at FITUR 2025, one of the world’s leading travel trade fairs held in Madrid, with a delegation of 28 companies representing the country’s vibrant tourism sector. The event, which attracted a record-breaking 255,000 attendees, provided an excellent platform for Sri Lanka to engage with key stakeholders, strengthen partnerships, and…
Next Leap of Sustainable Best Practices The newfound government is accelerating its efforts to attract Foreign Direct Investment (FDI) to the country by providing much-needed infrastructure to existing and new investors. The Horana Economic Processing Zone (HEPZ) is a center of attraction due to its location. One key feature of the BOI zones is the…
The Commercial Bank of Ceylon has announced that ComBank Digital, the Bank’s digital banking platform, is now linked with the Central Depository System (CDS) of the Colombo Stock Exchange (CSE), enabling the Bank’s account holders to make IPO settlements directly from their accounts. Made possible by the integration of the CDS with the LankaPay Government…
Surge in card transactions by tourists was driven largely by in-store use of debit cards Domestic debit spends grew by 45% while cross-border debit spends grew by almost 30% Domestic cardholders in Sri Lanka spent 35%+ more than in 2023 Holiday Season, buoyed by increasing penetration of contactless payments Visa (NYSE: V), the global leader…
The Sri Lanka Retailers’ Association (SLRA) applauds the recent announcement by President Anura Kumara Dissanayake approving the VAT refund program for tourism. This significant policy reform is a crucial step towards positioning Sri Lanka as a leading retail tourism hub in the region, enhancing its appeal to high-spending international travellers while boosting economic growth. Retail…
The Sri Lanka Export Development Board (EDB), in collaboration with the Sri Lankan Embassy in the Kingdom of Saudi Arabia (KSA), successfully organized an outward trade delegation to Saudi Arabia from 13th to 16th January 2025. This initiative aimed to promote Sri Lankan Food & Beverage (F&B) products in the KSA market and strengthen bilateral…
Hindustan Petroleum Lubricants markets more than 450 grades of Lubricants/Greases and caters to many global auto OEMs To offer full range of premium and world class Automotive, Industrial and Marine Lubricants and specialty products Sri Lanka’s lubricants market has been significantly strengthened with the formal entry of HP Lubricants, part of Hindustan Petroleum Corporation Limited…
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