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India’s top Lube brand Hindustan Petroleum Lubricants arrives in SL with Sea World Lanka
Hindustan Petroleum Lubricants markets more than 450 grades of Lubricants/Greases and caters to many global auto OEMs To offer full range of premium and world class Automotive, Industrial and Marine Lubricants and specialty products Sri Lanka’s lubricants market has been significantly strengthened with the formal entry of HP Lubricants, part of Hindustan Petroleum Corporation Limited […]
ComBank Digital integrates with CSE’s Central Depository System for IPO settlements
The Commercial Bank of Ceylon has announced that ComBank Digital, the Bank’s digital banking platform, is now linked with the Central Depository System (CDS) of the Colombo Stock Exchange (CSE), enabling the Bank’s account holders to make IPO settlements directly from their accounts. Made possible by the integration of the CDS with the LankaPay Government […]
Visa: End-of-Year Tourist Transactions Up by 40% in Sri Lanka This Holiday Season
Surge in card transactions by tourists was driven largely by in-store use of debit cards Domestic debit spends grew by 45% while cross-border debit spends grew by almost 30% Domestic cardholders in Sri Lanka spent 35%+ more than in 2023 Holiday Season, buoyed by increasing penetration of contactless payments Visa (NYSE: V), the global leader […]
Sri Lanka’s DFCC’s Acuity Stake Disposal Yields Limited Capital Boost
Sri Lankan DFCC Bank PLC’s (DFCC, A(lka)/Stable) divestment of its 50% stake in Acuity Partners (Pvt) Limited (APL) is unlikely to result in a material improvement in its regulatory capital ratios or have any impact on its national rating, says Fitch Ratings. We expect the transaction, valued at LKR6.5 billion, to improve DFCC’s capital buffers […]
Vehicle Cost Calculator: 2025 Brand New vehicle prices for new orders after import ban
Explore the Vehicle Cost Calculator provided by Capital Alliance by clicking the link below.
CA Sri Lanka’s Public Sector Wing, APFASL, Highlights Key Reforms in Procurement Guidelines 2024
The Association of Public Finance Accountants of Sri Lanka (APFASL), the public sector wing of the Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka), successfully concluded a seminar and launched a training programme on the newly introduced Procurement Guidelines 2024. The event, held on 30th January 2025, brought together over 400 public sector […]
British High Commissioner welcomes appointment of new UK Trade Envoy for Sri Lanka
Lord John Hannett of Everton OBE has been appointed as the new United Kingdom’s Trade Envoy for Sri Lanka. Lord Hannett will support the UK’s trade and investment promotion objectives by engaging with senior Sri Lankan and UK stakeholders to promote market access and create opportunities for UK businesses to deliver mutual economic growth for […]
Joint Chambers and Associations proposed solutions for Port congestion crisis
In light of the ongoing challenges faced at the Colombo port, the below listed Joint Chambers, along with key trade, maritime and logistics associations, wish to propose solutions to mitigate the impact of port congestion on the nation’s economy. Further, exporters are facing potential delays with imported inputs, missed shipping opportunities, and increased processing costs, […]
Rothschild Estate: Preserving Sri Lanka’s legacy through innovation and excellence
In the world of tea, James Taylor often takes center stage as the pioneer credited with establishing Sri Lanka’s tea industry during British colonial rule at Loolecondera estate. However, a lesser-known fact is that one of the very first experiments in adapting tea to Sri Lankan soil actually commenced at Rothschild Estate by Maurice and […]
Is the country prepared to harvest the potential dollar income through its rubber industry?
By Emeritus Professor Asoka Nugawela (Department of Plantation Management, Wayamba University of Sri Lanka & Former Director, Rubber Research Institute of Sri Lanka) Sri Lanka earned 930 million US$ from the export of both raw rubber and rubber products in 2023. Out of that the major share, around 900 million US$, came from the export […]