Pelwatte Dairy Industries has officially broken ground on its Greenfield Liquid Milk Manufacturing Facility in Kurunegala, at a ceremony held to mark the commencement of construction, marking a major expansion of its dairy operations. Set to open in July 2027, the facility represents Pelwatte’s transition from its longstanding leadership in full cream milk powder into…
JAT Holdings PLC has entered into an exclusive partnership with WASHLEX, a leading provider of Japanese smart toilet technology, to expand access to premium smart bathroom solutions across Sri Lanka’s hospitality, residential and commercial sectors. Through this collaboration, JAT Holdings will exclusively distribute WASHLEX smart toilets nationwide, combining the brand’s innovative Japanese technology with JAT’s…
The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) has welcomed the decision by the Office of the United States Trade Representative (USTR) to place Sri Lanka among the countries subject to a 10% tariff under the recently concluded Section 301 investigations, describing the outcome as a significant boost to the country’s…
Hayleys Plantations has joined hands with with UNDP BIOFIN to advance Payment for Ecosystem Services (PES) initiatives across its plantation landscapes through Talawakelle Tea Estates PLC, Horana Plantations PLC and Kelani Valley Plantations PLC Payment for Ecosystem Services (PES) is a nature-financing mechanism that rewards individuals, communities and organisations for protecting ecosystem services such as…
Sri Lanka is taking an innovative step toward strengthening its public health surveillance system by introducing wastewater and environmental surveillance (WES) approach that can detect pathogens circulating in communities even before cases are reported through traditional health systems. A recent WHO-supported mission helped lay the groundwork for establishing the country’s first sustainable, multi-pathogen WES programme, including surveillance…
India’s recent amendment to its Double Taxation Avoidance Agreement (DTAA) with Sri Lanka is more than a routine treaty update. According to Deloitte Sri Lanka, it reflects a global shift towards stronger measures to prevent tax avoidance and raises an important question, should Sri Lanka now modernise its own tax treaty framework to keep pace…
Facilitated by the Embassy of Sri Lanka in the Russian Federation, a high-level business delegation from the National Association of Builders (NOSTROY) of the Russian Federation undertook a visit to Sri Lanka from 22-25 July 2026. The high-level delegation met with the Acting Minister of Foreign Affairs, Foreign Employment and Tourism, Arun Hemachandra and the…
The Exporters Association of Sri Lanka (EASL) warmly welcomes the decision of the United States Trade Representative (USTR) to apply a 10% tariff on imports from Sri Lanka under the recently announced Section 301 measures. This is a significant and welcome development for Sri Lanka’s export sector, particularly in light of the substantially higher tariff…
The Ceylon Chamber of Commerce welcomes the positive development in the reduction of the labour-related tariff imposed on Sri Lankan exports to the United States, from 12.5% to 10%, following sustained engagement between Sri Lankan authorities and their counterparts in the United States. This outcome is an encouraging step forward for Sri Lanka’s export sector…
The Securities and Exchange Commission of Sri Lanka (SEC), Colombo Stock Exchange (CSE), and the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) signed a Memorandum of Understanding (MoU) to collaborate on the implementation of eXtensible Business Reporting Language (XBRL) based reporting for companies listed on the CSE. The agreement marks a significant…
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