Reuters – Sri Lanka’s central bank sees no need for more interest rate increases this year after its big, unexpected hike in May, with inflation expected to peak around current levels before easing back towards the 5% target next year, Governor P. Nandalal Weerasinghe told Reuters on Tuesday. Sri Lanka’s central bank surprised the markets…
A meeting between President Anura Kumara Dissanayake and a senior delegation from China Communications Construction Company Limited (CCCC), led by Zhang Bingnan, was held Tuesday afternoon (11) at the Presidential Secretariat. The meeting focused primarily on projects currently being implemented and proposed future projects centred on Colombo Port City. Senior representatives of CCCC noted that…
The Committee on Ways and Means emphasized the importance of utilizing digital technology, broadening the tax base, and strengthening institutional capacity to enhance the efficiency of Sri Lanka’s tax system, while reviewing the country’s fiscal performance, progress in tax revenue collection, and ongoing tax administration reforms. These matters were discussed at a recent meeting of…
Fitch Ratings has upgraded AMW Capital Leasing And Finance PLC’s (AMWCL) National Long-Term Rating to ‘BBB+(lka)’ from ‘BBB(lka)’. The Outlook is Stable. Key Rating Drivers Parent’s Improved Ability to Support: The upgrade of AMWCL’s national rating and the Stable Outlook reflect our view that the credit profile of its parent, Associated Motorways (Private) Limited (AMW), has…
Ministers review bilateral initiatives such as the proposed India-Sri Lanka HVDC interconnection and the Sampur Solar Power Project, among others The Hindu Businessline: India and Sri Lanka on Friday reviewed bilateral cooperation in the power sector at a meeting in New Delhi. The Indian delegation was led by Union Minister of Power and Housing &…
The Sri Lanka Export Development Board (EDB), with the support of the Sri Lanka High Commission in New Delhi and the Sri Lanka Consulate in Mumbai, is organizing a Sri Lankan Business Delegation to India from 8th to 13th August 2026, with a focus on strengthening bilateral trade and investment relations and expanding opportunities for…
EthicalX: Climate & Innovation Hub, a global initiative of Clima Trust and SLYCAN Trust, has opened applications for its 2026 cohort and affiliate network, inviting entrepreneurs developing ethical, sustainable, and climate-friendly solutions to become part of a growing community of innovators and changemakers. As interest in sustainable entrepreneurship continues to grow in Sri Lanka, many…
Consumer expansion and diversified portfolio support top-line growth amid margin pressure Key Highlights Consolidated revenue increases 16.6% YoY to LKR 18.5 billion Healthcare revenue grows 5.9% YoY to LKR 9.1 billion Consumer revenue increases 38.0% YoY to LKR 6.6 billion Agribusiness revenue grows 12.7% YoY to LKR 2.8 billion Profit after tax increases 6.0% YoY…
As Sri Lanka advances its economic recovery and long-term development agenda, improving access to finance for women entrepreneurs remains critical to building a more inclusive economy. The publication of the first annual report on the Women Entrepreneurs Finance Code marks an important milestone in strengthening financial access and broader support for women-owned and women-led enterprises….
The Board of Investment of Sri Lanka (BOI) confirms that the employment of workers formerly attached to Hela Clothing (Pvt) Ltd and Foundation Garments (Pvt) Ltd remains secure, following their full absorption into Emerald Clothing (Pvt) Ltd under a group restructuring exercise completed well ahead of recent developments concerning Hela Apparel Holdings PLC. Recent media…
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