Following a robust financial recovery, SLT-MOBITEL, the National ICT Solutions Provider, has transformed into the nation’s strategic enabler, a thriving national asset driving Sri Lanka’s digital future. Supporting the government, SLT-MOBITEL aims to accelerate the country’s digitalization efforts and power economic growth for all sectors. The solid return to profitability in the first half of…
Hayleys Fibre, a member of the Hayleys Group, announced the commissioning of a Rs. 600 million coir processing facility in Kadigawa, Nikaweratiya, one of the largest recent investments in Sri Lanka’s coconut sector. The 48-acre site, located in the heart of Sri Lanka’s Coconut Triangle, integrates husk processing, fibre extraction, coco peat milling, drying, and…
LB Finance to Acquire Majority Stake in Associated Motor Finance for Rs. 3.7 Billion LB Finance PLC, a subsidiary of Vallibel One PLC, has announced plans to acquire a controlling stake of 65.6% in Associated Motor Finance Company PLC (AMF) for a consideration of Rs. 3.7 billion. The acquisition, approved by the Governing Board of…
Sri Lanka’s spice industry reached a new milestone this week with the successful completion of the first-ever promotional mission to China dedicated exclusively to Sri Lankan spices. The initiative was led by the Spices & Allied Products Producers and Traders Association (SAPPTA) and formalized through a Memorandum of Understanding (M.O.U.) with the Yu Lin Spice…
Eng. Kumara Jayakody, Minister of Energy, Government of Sri Lanka and Mr. Muaviyath Mohamed, Minister of State, Environment and Tourism, Maldives visited Jakson Group’s state-of-the-art solar module manufacturing facility in Greater Noida to witness its advanced capabilities and explore avenues for partnerships supporting clean-energy goals. The delegation toured the fully automated production lines and was briefed on Jakson’s latest photovoltaic…
The Sri Lanka–Japan Business Council (SLJBC) of The Ceylon Chamber of Commerce is pleased to announce that a high-level business delegation of 18 top Sri Lankan business leaders, representing some of Sri Lanka’s most dynamic industry sectors, will visit Japan, later this month. Led by Mr. Krishan Balendra, Chairperson of the Ceylon Chamber, the visit…
The Joint Apparel Association Forum (JAAF) today released export performance figures for August 2025, noting a marginal decline in monthly exports compared to the same period last year, alongside steady cumulative growth across the first eight months of the year. In August 2025, total apparel exports stood at US$ 479.14 million, reflecting a 1.33% decrease…
The Committee on Public Finance considered Regulations under the Imports and Exports (Control) Act, No.1 of 1969 Published in the Gazette Extraordinary No. 2449/60 of 15.08.2025. This approval was granted during a meeting of the Committee held recently (23) in Parliament, chaired by Hon. Dr. Harsha de Silva, Member of Parliament. Accordingly, the said Regulations…
Discussion Minister of Agriculture, Veterinary Resources, Veterinary and Irrrigation at Ceylon Sambar Conference Navam District. T. Happened with the participation of Lalkantha. This has now been focused on issues such as developing domestic milk producers and improving animal breeding system, increasing quality of domestic milk, conducting events that promote domestic milk, using technology to encourage…
President Anura Kumara Dissanayake has announced that Sri Lanka is on course to restore its economy to the level it was in 2019, prior to the financial crisis, by next year. The President made this statement while addressing members of the Sri Lankan community in the United States during his visit to New York for…
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