Category: Industry
High Commissioner attends Opening of LOLC Pakistan’s New Head Office
The High Commissioner of Sri Lanka to Pakistan, Rear Admiral Fred Seneviratne (Retd), attended the inauguration ceremony of the new Head Office of LOLC Microfinance Bank Pakistan, on 06 July 2026 located in Gulberg, Islamabad. The ceremony was attended by the Chairman of LOLC Microfinance Bank Limited, Krishan Thilakaratne, together with members of the senior […]
CCC’s Commercial Document Registration Division Expands Export Support with New Pharmaceutical Documentation Service
The Commercial Documents Registration Division (CDRD) of The Ceylon Chamber of Commerce has expanded its export support services with the introduction of the Free Sale Letter for Pharmaceuticals, providing Sri Lankan pharmaceutical manufacturers and exporters with an additional document certification service to support their export processes and compliance requirements in international markets. The new service […]
Hambantota International Port Sets New Monthly Records for RoRo and Container Throughput
June volumes reach 90,219 vehicles and 80,325 TEUs as operational preparedness and customer engagement drive record performance Hambantota International Port (HIP) recorded its highest-ever monthly throughput in both RoRo and containers in June 2026, handling 90,219 vehicles and 80,325 TEUs. The dual milestone marks a new high for the port’s two fastest-growing business segments. It […]
Emirates to double its A350 operations in Colombo from August
Emirates will introduce a second daily A350 service between Dubai and Colombo from 8 August, further elevating the travel experience for customers with more options to experience the airline’s latest-generation aircraft and its highly sought-after Premium Economy cabin. The A350 aircraft will replace the current Boeing 777 aircraft operating the flight. The deployment of the […]
BELGOLUX-Sri Lanka Economic Forum Explores Economic Partnerships with Belgium and Luxembourg, at Port City Colombo
The Sri Lanka Embassy in Belgium, in collaboration with the BELGOLUX–Sri Lanka Business Council (BLSBC) with the support of Port City Colombo, the Ceylon Chamber of Commerce and the Sri Lanka-BENELUX Business Council, successfully organized the BELGOLUX-Sri Lanka Economic Forum on 19 June 2026 at the Port City Colombo Sales Gallery, marking a significant milestone […]
Sampath Bank Launches Google Pay, Expanding Sri Lanka’s Access to Global Contactless Payments
Sampath Bank PLC has introduced Google Pay for all Mastercard and Visa Credit and Debit Cardholders, marking a significant advancement on how customers in Sri Lanka access digital payment solutions. This initiative brings fast, secure, and globally accepted tap-to-pay functionality to Android devices, catering to the increasing demand for mobile-first solutions. Mobile wallets are reshaping […]
AWS to Charge 18% VAT on Non-Registered Sri Lankan Customers
Amazon Web Services, Inc. (AWSI) has announced that it will soon begin charging an 18% Value Added Tax (VAT) on all Electronically Supplied Services (ESS) provided to customers in Sri Lanka who are not registered for VAT or have failed to provide their tax details. The move aligns with Sri Lanka’s tax regulations regarding digital […]
CBSL to Cancel Nation Lanka Finance Licence; Liquidation Process Begins
The Central Bank of Sri Lanka (CBSL) has officially cancelled the finance business licence of Nation Lanka Finance PLC (NLFP) effective today, July 3, 2026, moving forward with a formal winding up of the company. Full Statement The Central Bank of Sri Lanka (CBSL) initiated resolution actions on Nation Lanka Finance PLC (NLFP) effective from […]
Ceylon Chamber discussion puts energy security at the centre of Sri Lanka’s growth agenda
The Ceylon Chamber of Commerce brought together policymakers, industry players, academics and other stakeholders last week for a discussion on Sri Lanka’s energy transition, framing the shift to cleaner power as much a matter of economic strategy as environmental necessity. The event, titled “Energy Transition in Sri Lanka: Strategic Insights from Global Markets,” comes as […]
EDB and Import Promotion Desk (IPD), Germany Sign MoU to Strengthen Export Cooperation for Sri Lankan Exporters
The Sri Lanka Export Development Board (EDB) and the Import Promotion Desk (IPD), Germany, signed a Memorandum of Understanding (MoU), reaffirming their long-standing partnership to strengthen export development and enhance market access for Sri Lankan Export Oriented SMEs. The MoU was signed in the presence of Dr. Julia Bellinghausen, Head of IPD, together with Mr. […]
Sri Lankan drone startup Scouts closes investment round at LKR 1.6Bn valuation, gearing up to take on regional intelligent robotics market
Scouts, Sri Lanka’s pioneering intelligent drone and robotics company, has closed a funding round at a valuation of LKR 1.6 billion. In a market that has historically exported its engineering talent rather than retaining it, the round represents something more than a financing milestone. The company offers an economically viable solution for security, from small […]
Sampath Bank Launches Sri Lanka’s First Real-Time USD Payment Solution for Sri Lanka Ports Authority Users
Sampath Bank PLC and the Sri Lanka Ports Authority (SLPA) have jointly launched Sri Lanka’s first real-time USD payment solution for the maritime industry, eliminating traditional manual payment processes and streamlining foreign currency transactions across the country’s shipping and logistics ecosystem. The initiative marks another industry-first innovation from Sampath Bank and a significant step forward […]