Author: LBO Admin
Applications Invited for the 27th Presidential Export Awards
The Sri Lanka Export Development Board (EDB) is now calling for applications for the 27th Presidential Export Awards, which will be held under the patronage of His Excellency President Anura Kumara Dissanayake in December 2025 at the Bandaranaike Memorial International Conference Hall (BMICH). This year too, exporters are provided with the opportunity to submit their […]
GovPay Crosses 50 Organisations & Announces Plans for Future of Government Digital Payments
At a media conference held today, the Information Communication Technology Agency (ICTA), in collaboration with LankaPay and under the guidance of the Ministry of Digital Economy, showcased the growing success of GovPay, Sri Lanka’s official Government Digital Payment Platform. The briefing also highlighted the pilot rollout of the online traffic fine payment system and marked […]
Softlogic Life completes 100% acquisition of Allianz Life Insurance Lanka Ltd
Softlogic Life Insurance PLC has successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Limited (Life Business), following the receipt of regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction marks a significant milestone, following the initial announcement on 26th March 2025. Softlogic Life recorded Gross […]
Special discussion on the new tariff policy imposed by the United States
A special discussion on the new tariff policy imposed by the United States was held this morning (10) at the Presidential Secretariat between President Anura Kumara Disanayake and a delegation representing Sri Lanka. Participating in the discussion were Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, Secretary to the Ministry […]
Reduction in tariff from 44-pct to 30-pct is a constructive & important first step: Ceylon Chamber
The Ceylon Chamber of Commerce views the reduction in the tariff rate from 44% to 30% a constructive and important first step by the Government toward bringing Sri Lanka’s tariff structure for exports to the U.S. closer to that of regional competitors. “We encourage continued engagement with the U.S. administration to secure a further reduction […]
Emirates to Introduce Refurbished B777 on Colombo Route from 18 July
Emirates, the world’s largest international airline, will deploy its retrofitted four-class Boeing 777 on flights EK650/651 operating between Dubai and Colombo from 18 July. Services on the enhanced aircraft, with newly-configured and refreshed cabins, will be the airline’s second daily flight in Sri Lanka to feature Premium Economy seats. Currently, over 40 destinations in Emirates’ […]
Advocata Institute Urges Government to Uphold Electricity Sector Reforms
The Advocata Institute today called on the Sri Lankan government to reaffirm its commitment to the critical reforms initiated by the 2024 Electricity Act. The think tank emphasized the necessity of legally separating the Ceylon Electricity Board’s (CEB) functions and fostering a competitive and transparent electricity industry. “The 2024 Electricity Act was a landmark step […]
TISL expresses deep concern over the inertia in appointing the Chairperson of the RTI Commission
As of July 9, 2025, Sri Lanka’s Right to Information (RTI) remains without a duly appointed Chairperson. The seat has been vacant since the resignation of retired Supreme Court Justice Upaly Abeyrathne in March 2025. The undue delay in the appointment, despite calls by concerned stakeholders, including civil society and media, to expedite the appointment […]
Sri Lanka among top 3 summer getaways according to Emirates search data
Sri Lanka is among the top three summer destinations for travel in July and August, according to the latest booking data of Emirates, the world’s biggest international airline. Emirates reports that Sri Lanka has seen a 32% increase in flight searches as a clear favourite for its rich cultural tapestry, pristine beaches, ‘tea country’ and […]
ComBank launches Sri Lanka’s first AI-powered SME Credit Underwriting Solution
The Commercial Bank of Ceylon has announced the launch of Sri Lanka’s first Artificial Intelligence-powered SME Credit Underwriting Solution, taking a transformative step in reshaping how small and medium enterprises (SMEs) access credit and financial solutions. This custom-built AI platform, another breakthrough initiative by the country’s largest private sector bank, was fully developed as a […]
Don’t Drive Away What’s Helping Consumers, Advocata Pushes for Checkout Tax Reform
Thousands of parcels ordered by Sri Lankans from popular e-commerce platforms like TEMU, AliExpress, and eBay are now stuck at customs, caught in a legal grey zone that’s choking the flow of goods. Advocata Institute warns ensuring consumer choice through a competitive market is key to delivering reasonable prices and better quality for Sri Lankans. […]
‘s eRL 2.0 Vehicle Revenue Licence System Down: ICTA
The Information and Communication Technology Agency of Sri Lanka (ICTA) has announced the temporary unavailability of its crucial Vehicle Revenue Licence system (eRL 2.0). A critical technical infrastructure issue has rendered vehicle revenue license issuance services inaccessible since July 3rd, 2025, with an anticipated restoration date of July 9th, 2025. This outage is expected to […]