Author: LBO
EDB and NMRA Unite to Drive Sri Lanka’s Pharmaceutical Export Growth
A special discussion was recently held in Colombo to address barriers hindering Sri Lanka’s pharmaceutical export sector and to realize its full potential. The meeting brought together the Export Development Board (EDB), the National Medicines Regulatory Authority (NMRA), and the country’s leading pharmaceutical manufacturers for a focused exchange on the way forward. EDB Chairman and […]
EDB Moves to Expand Islandwide Testing and Certification Facilities to Boost Export Competitiveness
The Sri Lanka Export Development Board (EDB) has taken steps to implement a comprehensive plan to expand testing and certification facilities across the island, addressing one of the most significant bottlenecks faced by the country’s export sector. A high-level stakeholder discussion was recently held in Colombo with the participation of government institutions, testing laboratories, certification […]
CSE collaborates with European Union-funded Green Recovery Facility in Driving Sri Lanka’s GSS+ Bond Market
Sri Lanka’s sustainable finance market continues to gain momentum as the Colombo Stock Exchange (CSE) collaborated with the European Union-funded Green Recovery Facility, implemented by Expertise France, to advance the country’s growing pipeline of Green, Social, Sustainable and Sustainability-Linked (GSS+) bonds through a series of targeted market-building programmes earlier last month. CSE collaborated with the […]
Joint Statement by the Heads of International Energy Agency, IMF, World Bank Group & WTO
Washington – May 29, 2026: The Heads of the International Energy Agency, International Monetary Fund, World Bank Group and World Trade Organization met on May 28 as part of the high-level coordination group established in April to maximize their institutions’ response to the energy, trade, and economic impacts of the war in the Middle East. Following […]
Evolution Auto launched the Xpeng G6 in Sri Lanka marking a new era in premium electric mobility
Evolution Auto Private Limited the authorised distributor for Xpeng in Sri Lanka, officially launched the New Generation Xpeng G6 at its multi brand showroom in Colombo 05 on 22 May 2026, marking a significant milestone in the country’s rapidly evolving electric vehicle landscape. The launch event brought together media representatives, industry stakeholders, and invited guests […]
Why Sri Lanka’s SME apparel sector needs a national sustainable industries policy framework
By Nishantha Bakmeege President Sri Lanka chamber garment exporters (SLCGE) A clear national sustainable industries framework is becoming essential if Sri Lanka’s SME apparel manufacturers are to cut carbon, adopt renewable energy and remain competitive in global export supply chains. Sri Lanka’s apparel industry is entering a new phase where export competitiveness will increasingly be […]
Sri Lanka’s Vehicle, Gold Loan Curbs Support Lenders’ Risk Profiles: Fitch Ratings
Sri Lanka’s tighter macroprudential restrictions on vehicle and gold-backed lending will benefit lenders’ risk profiles, particularly those of finance companies, Fitch Ratings says. The Central Bank of Sri Lanka’s lower loan-to-value (LTV) caps target two products that have expanded rapidly in recent years and represent a substantial share of mainly finance companies’ balance sheets. The […]
Commercial Bank now brings PayPal-linked withdrawals for customers
Enables channeling of global digital earnings directly into bank accounts via ComBank Digital The Commercial Bank of Ceylon, reaffirming its leadership in introducing the latest global financial technologies to Sri Lanka, has announced the availability of PayPal-linked withdrawal functionality for eligible customers to seamlessly channel their global digital earnings directly into their Commercial Bank accounts […]
Sri Lanka’s Banking sector assures it is stable, equipped to address fraud incidents
Sri Lanka’s banking sector has provided a collective and categorical assurance that it remains stable, resilient, and secure despite a few recent isolated incidents of financial fraud, emphasising that these developments do not pose a threat to the safety of customer deposits or the overall integrity of the financial system. While acknowledging that such incidents […]
Sri Lanka Unveils South Asia’s First Solar Bakery Oven in Landmark Clean Energy Milestone
Sri Lanka became the first country in South Asia to unveil a solar hybrid bakery oven, designed with both solar and biogas energy sources to ensure uninterrupted operation despite unpredictable weather conditions. The event, held on 22 May at Cinnamon Lakeside Colombo, was hosted by Incitare Sri Lanka and the Global Rethinking Finance Collaborative (GRFC), […]
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 […]