Author: LBO
FCCISL Appoints Rohitha Silva as President; Set to Roll Out ‘Vision Sri Lanka 2027’
Continuing its long-standing service to the nation at its 49th Annual General Meeting., the Federation of Chambers of Commerce and Industry of Sri Lanka (FCCISL) has appointed veteran entrepreneur and idac Chairman, Dr. Rohitha Silva, as its President for the 2026 to 2028 term. With an illustrious 53 year history, the FCCISL has continually evolved […]
CBSL introduces maximum Loan to Value ratio for gold backed lending & tightens LTV ratios for motor vehicles
The Governing Board of the CBSL decided to introduce a maximum LTV ratio for credit facilities secured by gold and tighten the maximum LTV ratios applicable to credit facilities granted in respect of motor vehicles with effect from 25 May 2026. These steps are taken by the CBSL in line with its macroprudential authority, in […]
Foreign Minister Vijitha Herath to Visit Australia and New Zealand
Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath, will undertake an official visit to New Zealand and Australia from 26 May to 3 June 2026, at the invitation of the two Governments. During the visit, Minister Herath will hold bilateral discussions with his counterparts, Minister Winston Peters of New Zealand and Minister Penny […]
The EV Powerhouse XPENG G6 is Ready to Challenge the Tesla Model Y
The world is witnessing the rise of a new generation of technology companies that are no longer limiting themselves to one industry, one product, or one idea. Among them, XPENG has rapidly emerged as one of the most fascinating names redefining the future through artificial intelligence, robotics, intelligent mobility, and futuristic engineering in the global […]
Commercial Bank among the first banks to partner with Port City Colombo to open a branch
Demonstrating its commitment to supporting the nation’s next phase of economic transformation, Commercial Bank of Ceylon has become one of the first banks in Sri Lanka to enter into an agreement to establish a fully-fledged branch at Port City Colombo, marking a significant step in the Bank’s strategic expansion into the country’s emerging international financial […]
Prime Melwa Formally Commences Asia’s Global Marina-Front Architectural Masterpiece
Prime Melwa Port City (Pvt) Ltd has formally commenced its highly anticipated world-class marina living experience at Port City Colombo, marking a significant milestone in the development of one of the region’s most prestigious waterfront residential destinations. Positioned as Asia’s Global Marina Front Masterpiece, the landmark project is poised to redefine luxury waterfront living in […]
EDB Launches Awareness Programme for Exporters in the Light Engineering Sector
With the aim of strengthening the export competitiveness of Sri Lanka’s light engineering industry, the Industrial Products Division of the Export Development Board (EDB) inaugurated a special Awareness Programme for Exporters and Potential Exporters in the Light Engineering Sector at the EDB headquarters in Colombo. The inauguration programme was held at the EDB on 19 […]
SL Launches Digital Seed Production, Certification & Traceability System to Strengthen Quality Seed Availability
The Ministry of Agriculture, Livestock, Land and Irrigation and the Department of Agriculture, with the technical support of the Food and Agriculture Organization of the United Nations (FAO), launched the CROPIX Seed Production, Certification & Traceability System, a major step towards modernizing Sri Lanka’s seed sector through digital innovation. The new system strengthens seed production […]
The Ceylon Chamber of Commerce to Host Sri Lanka Climate Summit 2026
From Risk to Opportunity: Mainstreaming Climate Action into Sri Lanka’s Growth Story. As climate rules tighten globally and investor expectations shift from commitment to compliance, climate action is now directly tied to trade, competitiveness, and access to finance. Against this backdrop, The Ceylon Chamber of Commerce will host the second edition of the Sri Lanka […]
SL with support from Norway, UNICEF & UN Volunteers, launches digital systems to support communities affected by Cyclone Ditwah
The National Disaster Relief Services Centre (NDRSC) under the Ministry of Defence today launched its new digital Compensation Management System and the Community Inquiry Mechanism, funded by the Government of Norway and supported by UNICEF Sri Lanka and UN Volunteers. This is a major step forward in ensuring faster, more transparent and accessible support for […]
Central Bank of Sri Lanka launches Complaint Management System for Financial Consumers
The Central Bank of Sri Lanka (CBSL) announces the launch of an online Complaint Management System (CMS) marking a significant step to facilitate the submission of complaints and grievances by financial consumers relating to Financial Service Providers (FSPs) regulated by CBSL. The CMS has been introduced with the aim of enhancing accountability, efficiency, and transparency […]
ComBank Group’s assets cross Rs. 3.5 Tn. in milestone-rich first quarter of 2026
The Commercial Bank of Ceylon PLC and its subsidiaries have become the first private sector banking group in Sri Lanka to exceed Rs. 3.5 trillion in assets, one of several achievements in a milestone-studded first quarter of 2026. Building on its lending-centred record-breaking performance of 2025, the Commercial Bank Group posted total assets of Rs. […]