Investments exit in Sri Lanka causes development dilemmas By Kishore Reddy Sri Lanka’s economic development over the years have faced significant setbacks the withdrawal of several major infrastructure and investment projects. The recent pullout of Adani Green’s USD 1 billion renewable energy project being the latest in a concerning pattern. The cancellation of the Japan…
Total income tops Rs 65.54 billion, with investment income of Rs 28.4 billion Total assets cross Rs 250 billion milestone Pays Rs 25 billion in net claims and benefits to policyholders Life Fund grows by 14.8% to Rs 180.9 billion CAR improves to 448%, 3.7 times the minimum requirement of 120% Ceylinco Life has emphatically…
Reuters – Sri Lanka should avoid tax exemptions and focus on passing a national budget that is in line with parameters set by the International Monetary Fund to continue with a $2.9 billion program from the international lender, an IMF official said on Tuesday. Sri Lanka mounted a “remarkable” recovery from a deep financial crisis…
AIA Insurance, Sri Lanka’s leading life insurer, proudly marks the first anniversary of its exclusive bancassurance partnership with Commercial Bank, the country’s largest and most prestigious private bank. Driven by a joint mission of “Protecting Sri Lankans Like Never Before,” this collaboration has rapidly delivered on its promise, achieving transformative outcomes for Sri Lankans. In…
The Sri Lanka Export Development Board (EDB) recently hosted a successful networking and knowledge-sharing session at its headquarters in Colombo 02. The event brought together 100 new exporters and entrepreneurs, including SME direct and indirect exporters, along with industry leaders from five key sectors—Gem & Jewellery, Tea, Processed Food, Horticulture, and Fresh Fruits. The session…
International Monetary Fund’s (IMF) Senior Mission Chief for Sri Lanka Peter Breuer commended Sri Lanka’s economic recovery in the recent years, and stated that as economic opportunities return to Sri Lanka, income will be increased and poverty will be reduced making it more attractive for the people to remain in Sri Lanka, not leave or…
The Colombo Stock Exchange (CSE) faced a significant decline today (03), with the key indices recording sharp drops. The All Share Price Index (ASPI) declined by 311.37 points to close at 16,167.30, while the S&P SL20 Index fell by 103.96 points, ending the session at 4,827.21. Meanwhile, a turnover of Rs. 1.5 billion was recorded…
Handing over the First GI application for Ceylon Cinnamon Sri Lanka has reached a significant milestone in its efforts to protect and promote Geographical Indications (GI), culminating in the establishment of the national GI registry. This event was officially held recently in Colombo, marking a major step forward in securing the authenticity and competitiveness of…
Janashakthi Group (JXG), Sri Lanka’s emerging financial conglomerate, announced its financial performance for the period ending December 31, 2024, with group revenue reaching LKR 18.34 billion and Earnings Before Interest and Tax (EBIT) of LKR 6.18 billion. Ramesh Schaffter, Managing Director/Group CEO at JXG said, “For over 30 years, Janashakthi Limited has been a steady…
A workshop on “EXPORTING FROM SRI LANKA TO JAPAN; GUIDE & GOOD PRACTICES” was successfully conducted on 24th February 2025, at Hotel NH Collection, Colombo, through collaboration between the International Trade Centre (ITC) Geneva, Sri Lanka Export Development Board (EDB), and Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL). The programme funded…
Video Story
