Author: LBO
Ceylon Tobacco Company PLC appoints Adrian Lee Peng Yong as finance director
Ceylon Tobacco Company PLC (CTC) today announced the appointment of Adrian Lee Peng Yong as its Finance Director, effective from 1st August 2026. Mr. Adrian Lee Peng Yong takes on the role, continuing the company’s legacy of world-class financial stewardship and strategic excellence. A seasoned veteran within the British American Tobacco (BAT) Group, Adrian brings […]
Hambantota Port Clarifies Vehicle Storage Policy as RORO Volumes Continue to Grow
Vehicles lying at HIP awaiting clearance Hambantota International Port Group (HIPG) has clarified its vehicle storage policy following recent media reports, noting that while the Port currently accommodates more than 50,000 vehicles (both transhipment and local imports), approximately 1278 are lying in the yard for over 03 months, and 581 vehicles have remained at the […]
US military preventive medicine expertise to strengthen Sri Lanka’s dengue prevention capabilities
As Sri Lanka responds to a significant nationwide dengue outbreak, the U.S. Embassy in Sri Lanka has launched a Public Health Pest Control and Vector-Borne Disease Response program in partnership with the Sri Lanka Ministry of Health and National Dengue Control Unit to strengthen the country’s ability to prevent, detect, and respond to dengue. Funded through the […]
Ceylon Chamber Welcomes Reduction in US Labour-Related 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 […]
SEC, CSE and CA Sri Lanka Sign MOU to Advance XBRL-Based Digital Reporting for Listed Companies
The signing ceremony at SEC from Left to right: Ms. Manuri Weerasinghe| Director Corporate Affairs, SEC, Mr. Tushara Jayaratne | Acting Director General, SEC, Ms. Nilupa Perera | Chief Regulatory Officer, CSE, Mr. Rajeeva Bandaranaike | Chief Executive Officer CSE, Senior Prof. D.B.P.H. Dissabandara,| Chairman, SEC, Mr. Tishan Subasinghe | The President of CA Sri […]
The Geoffrey Bawa Moonamal Award invites Sri Lanka to rethink how people and nature can thrive together
The Geoffrey Bawa Moonamal Award introduces a new way of thinking about design in Sri Lanka, one that considers the needs of people while giving equal importance to the land, water, wildlife and natural systems around them. Launched by the Geoffrey Bawa Trust, the Award aims to recognise innovative design that promotes human coexistence with […]
Asia-Pacific business leaders to convene in Sri Lanka for UN Global Compact’s regional event
Asia-Pacific stands at the forefront of one of the defining transitions of our time. Home to many of the world’s fastest-growing economies, the region is also confronting some of the world’s most pressing sustainability challenges from climate change and biodiversity loss to widening inequalities, geopolitical uncertainty and rapid technological transformation. As these challenges reshape the […]
Sri Lanka’s Exports Cross US$ 9 Bn Milestone in First Half of 2026, Reflecting Sustained Growth Momentum
Sri Lanka’s export sector continued to demonstrate resilience and sustained growth, with the country’s total exports surpassing the US$ 9 billion milestone during the first half of 2026. Combined merchandise and services exports reached an estimated US$ 9,012.24 Mn during the January–June 2026 period, representing an 8% year-on-year increase compared to the corresponding period in […]
Mercantile Investments strengthens foundation for growth with oversubscribed Rs. 1.1 Bn Rights Issue
Mercantile Investments & Finance PLC (MI Finance) has successfully concluded its Rights Issue, raising Rs. 1.1 billion in new capital. The Issue was oversubscribed, demonstrating a resounding confidence in the company’s strategy, performance, and long-term growth prospects. As applications outpaced the initial share offering, the strong shareholder participation provided a firm endorsement of MI Finance’s […]
CBSL keeps OPR unchanged; Gross Official Reserves at USD 6.45 bn at end June
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 8.75%. The Board arrived at this decision after carefully considering the evolving conditions and outlook on the domestic and global fronts. Renewed tensions in the Middle East have resulted in a surge in […]
Opinion: Will the “tax shock” kill Sri Lankan economy?
By Indika Hettiarachchi “Current IMF backed tax policy framework likely to slowdown economic growth and increase poverty.” Under the latest IMF extended fund facility program, Sri Lanka has achieved substantial increase in tax revenue – to a level never seen in the history. Data show that for the first quarter of 2026, tax collections increased […]
Raising the bar: Clinical governance, transparency and innovation in Sri Lanka’s private healthcare sector
Sri Lanka’s public healthcare system carries an enormous load. Hospitals are stretched, waiting lists are long, and the demand for specialist care continues to grow. It is within this reality that private healthcare has stepped into a role far greater than many give it credit for. The Association of Private Hospitals and Nursing Homes has […]