Author: LBO
Chevron Lanka exceeds LKR 4Bn in earnings for first time
Chevron Lubricants Lanka PLC (“Chevron Lanka”) (LLUB), a listed entity in the Colombo Securities Exchange (“CSE”), notched up record earnings in 2025, the highest ever in its 32-year history of operations in Sri Lanka. Earnings surpassed the LKR 4 billion milestone for the first time, on a topline of LKR 24.39 billion based on the […]
IASL launches revamped website to better serve Sri Lanka’s insurance ecosystem
The Insurance Association of Sri Lanka (IASL) announced the launch of its newly revamped official website at www.iasl.lk, reinforcing the Association’s commitment to transparency, accessibility, and industry leadership in an increasingly digital landscape. The redesigned platform reflects IASL’s recognition that improving its digitalisation standards is centralto its mandate. As Sri Lanka’s insurance industry navigates accelerating […]
Sri Lanka Eyes Stronger Energy Ties as Moscow Meetings Deepen Cooperation
The Minister of Transport, Highways and Urban Development and Leader of the House of Parliament of Sri Lanka, Bimal Rathnayake, undertook an official visit to Moscow, where he engaged in a series of high-level meetings aimed at strengthening bilateral cooperation and exploring new avenues of partnership between Sri Lanka and the Russian Federation. During the […]
EDB and CPC Meets Sri Lankan Exporters on Fuel Distribution
The Sri Lanka Export Development Board (EDB) recently convened a high-level meeting between the Ceylon Petroleum Corporation (CPC) and a broad cross-section of Sri Lanka’s export industry to discuss the current fuel distribution mechanism and its impact on the export sector. Held at the CPC Head Office, the meeting was convened at the initiative of […]
Sri Lanka and World Bank Group Launch New Partnership to Create Jobs, Attract Private Investment
The World Bank Group and the Government of Sri Lanka today launched a new five-year Country Partnership Framework (CPF) to support Sri Lanka’s continued recovery, help achieve its 7% medium-term economic growth target, and support job creation. “We are committed to building on the continued macroeconomic stability, strengthened governance and revenue-based fiscal consolidation that we have already […]
The Grey Tsunami: Ceylinco Life sounds the alarm on Sri Lanka’s retirement readiness gap
Sri Lanka is getting older, fast. By 2042, one in four Sri Lankans will be above the age of 60. That is not a distant projection. It is sixteen years away. And by most measures, this country is unprepared for what it means, not at a policy level, and certainly not at the level of […]
Min of Justice launches management information system to enhance efficiency, transparency, and accountability
The Ministry of Justice and National Integration today officially launched its new Management Information System (MIS) and revamped website, marking a significant milestone in ongoing efforts to modernize Sri Lanka’s justice sector and strengthen institutional efficiency, transparency, and accountability. The MIS was developed as an initiative of the Support to Justice Sector Project (JURE), funded […]
Ceylon Chamber Highlights Importance of Balanced Tax Policy in Inland Revenue (Amendment) Bill 2026
The Ceylon Chamber of Commerce, through its Tax Steering Committee, has actively engaged with stakeholders on the proposed Inland Revenue (Amendment) Bill of 2026, recognising its potential implications for businesses and the broader economy. While acknowledging the importance of updating the tax framework, the Chamber’s efforts have focused on assessing the impact of the proposed […]
Supreme Court held its first-ever paperless hearing; leads digital transformation with e-Filing initiative
The Supreme Court of Sri Lanka has marked a significant milestone in its digital transformation with the implementation of its e-Filing Portal under the e-Courts Project. This initiative reflects the Court’s ongoing commitment to modernizing Judicial processes and enhancing the delivery of Justice through the use of technology. The e-Filing Portal was officially opened to […]
Hambantota Intl Port Invests USD 108 Mn in New Cranes; Expands Container Terminal Capacity To 2 Mn TEU
Hambantota International Port Group (HIPG) has signed an agreement to invest USD 108 million in new container handling equipment, marking a major expansion of its container terminal capacity and reinforcing Sri Lanka’s position as an emerging logistics hub in the Indian Ocean. The agreement, signed at a ceremony held at the Hilton Colombo on March […]
Sri Lanka’s Total Export Earnings Hit $1.4 Billion in February, Up 4.22% YoY
Sri Lanka’s total exports, including both merchandise and services, reached US$ 1,401.78 million in February 2026, reflecting a notable year-on-year growth of 4.22% compared to February 2025. According to provisional data from Sri Lanka Customs, along with estimated figures for Gems & Jewellery and Petroleum Products, merchandise exports for February 2026 increased by 1.32% to […]
Middle East Conflict: The Impact on Migration and Remittances in Sri Lanka
Bilesha Weeraratne, Research Fellow, Institute of Policy Studies of Sri Lanka With the ongoing conflict in the Middle East (ME), Sri Lanka finds itself at a particularly vulnerable juncture as it carefully navigates a fragile economic recovery. Labour migration offers jobs to counteract the lack of opportunities within the economy. Related micro-level remittances prevent households […]