Following Hambantota Port Group’s (HIPG) recent investment in upgrading crane facilities to expand container operations at the Hambantota International Port (HIP), Comfort Mattress Lanka (Pvt) Ltd. has become the first investor to seize the opportunity to set up operations in the port’s industrial park. With an investment of USD 25 million, the project targets key…
Reuters – Sri Lanka is unconcerned about the Adani Group’s dealings with other countries and only focused on its $1 billion worth of projects in the island nation, President Anura Kumara Dissanyake told Indian media during an official visit to Delhi this week. Dissanayake was on his first state trip to Sri Lanka’s powerful neighbour after winning…
Australian High Commissioner in Sri Lanka H.E. Paul Stephens and his team met Mr. Mangala Wijesinghe, Chairman/Chief Executive Officer of EDB to strengthen bilateral trade relations between Australia and Sri Lanka. Sri Lanka and Australia bilateral relationship has vastly expanded over the past 75 years, through deep people-to-people ties, trade and investment, tourism, culture and…
The Colombo Chamber of Commerce commends President Anura Kumara Dissanayake’s recent official visit to India, describing it as a significant step toward strengthening bilateral relations and introducing innovative approaches to advance Sri Lanka’s economic and social development. India, as Sri Lanka’s largest trading partner and a key player in the regional geopolitical landscape, was a…
Elpitiya Plantations PLC marked an extraordinary year, earning accolades at two of Sri Lanka’s most prestigious award ceremonies—the TAGS Awards 2024 by the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) and the Best Corporate Citizen Sustainability Awards by the Ceylon Chamber of Commerce. These honors reflect the company’s dedication to financial transparency,…
Toyota Lanka has successfully imported and is set to deliver its first batch of brand-new Toyota vehicles, marking a significant milestone for Sri Lanka’s tourism sector. The initiative, completed within just four months following government approval, underscores Toyota Lanka’s commitment to driving the growth of the tourism industry. These vehicles aim to provide world-class, dependable…
The Department of Census and Statistics (DCS) reports that Sri Lanka’s Gross Domestic Product (GDP) at constant prices (2015) increased to Rs. 3,151,941 million in the third quarter of 2024, compared to Rs. 2,987,544 million in the same period of 2023, marking a 5.5% year-on-year growth. The growth was driven by a 10.8% expansion in…
Hambantota International Port (HIP) has once again received international recognition for its outstanding handling of RORO (Roll-On/Roll-Off) transshipment operations. The accolade was presented during MOL’s (Mitsui O.S.K. Lines) Annual Stevedore Meeting for India and Indian Ocean Region, held in Chennai. MOL commended HIP for achieving zero cargo damage and maintaining safe Pure Car Carrier (PCC)…
NDB Bank has reached an extraordinary milestone by becoming the first commercial bank in Sri Lanka to secure all three globally recognised ISO certifications: ISO 27001:2022 for Information Security, ISO 22301:2019 for Business Continuity Management, and most recently, ISO 20000:2018 for IT Service Management. The attainment of ISO 20000:2018 underscores the Bank’s commitment to operational…
The Association of Chartered Certified Accountants (ACCA) Sri Lanka recently presented its comprehensive set of proposals for the 2025 National Budget to Dr. Harshana Sooriyapperuma, Deputy Minister of Finance, at the ACCA office. Titled “From Recovery to Sustainability – Crafting Sri Lanka’s Economic Blueprint for 2025,” the proposals focus on creating sustainable economic growth, enhancing…
Video Story
