Category: General Services
BOI seals landmark USD 171 Mn investment with CEAT OHT Lanka
Agreement formalises one of the largest Indian investments in Sri Lanka’s manufacturing sector Investment will expand Off-Highway Tyre (OHT) and Tracks manufacturing capacity in Sri Lanka Facilities at Midigama and Kotugoda to focus on export-led production of tyres and tracks for compact construction equipment Job security assured for 1483 employees through Tripartite MoU Investment strengthens […]
Ambeon Strengthens Portfolio Through Strategic Hospitality Investments
Strengthens growth strategy through equity stakes in Iconic Sri Lankan hotel companies – The Kandy Hotels Company PLC and The Ceylon Hotels Corporation PLC Ambeon Group, one of Sri Lanka’s leading diversified conglomerates, today announced its strategic entry into the hospitality sector with strategic equity investments in two listed hotel companies, reinforcing its confidence in […]
Stallion Consultancy Takes Over ACAP Stockbrokers in Strategic Market Play
Stallion Consultancy (Private) Limited has swooped in to acquire ACAP Stockbrokers (Private) Limited from Asia Capital PLC, marking a strategic power play that promises to reshape Sri Lanka’s stock brokerage landscape through a complete rebrand and fresh market positioning. The acquisition brings heavyweight leadership credentials to the table, with Stefan Abeyesinhe stepping in as Chairman, […]
Ceylon Chamber Acknowledges U.S. Tariff Reduction, Stresses Importance of Durable Trade Terms
The Ceylon Chamber of Commerce commends the Government of Sri Lanka and the national negotiation team on the successful outcome of recent discussions with the United States, which led to a further reduction in the reciprocal tariff rate – from 30% to 20% – on Sri Lankan exports. “While this is clear progress reflecting the […]
Free Trade Zone Manufacturers Association Rules Out Additional MFN Levies, Says 20-Pct Tariff Stands Alone
Dhammika Fernando, Chairman of the Free Trade Zone Manufacturers Association (FTZMA), emphasized that the new 20% U.S. tariff on Sri Lankan imports is a standalone rate and will not be added on top of existing Most-Favored-Nation (MFN) duties. “A 12% to 16% average MFN rate applied on Sri Lankan apparel earlier,” Fernando explained. “Some people […]
Macktiles Lanka makes history as first to achieve real porcelain perfection with 100pct SL minerals
In a singular moment that rewrites the narrative of global manufacturing excellence, Macktiles Lanka (Private) Limited has achieved what was once considered impossible: creating authentic real porcelain tiles using exclusively Sri Lankan minerals. The island’s extraordinary geological wealth has now proven its potential extends far beyond traditional applications, with Macktiles unlocking the manufacturing capabilities of […]
MoU to establish a laboratory with international accreditation facilities with a USD15 mn investment
A Memorandum of Understanding (MoU) was signed this morning (15) at the Presidential Secretariat between STEMedical of the USA and the Sri Lanka Institute of Biotechnology (SLIBTEC) to establish a laboratory with internationally recognised accreditation. The MoU for this $15 million investment project, conducted under the guidance of the National Initiative for Research and Development […]
SLPMA unveils compelling ‘National Call to Produce Medicine in Sri Lanka’ as strategic priority
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA), in a historic step, has issued a powerful national call to action urging all stakeholders to come together in a bold, unified effort to shape a future where Sri Lanka emerges as a trusted, high-quality, and export-driven pharmaceutical manufacturing hub. In a decisive move to transform Sri Lanka’s […]
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 […]
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. […]
CBSL Extends Relief Measures for Affected SMEs, Offers Further Concessions
The Central Bank of Sri Lanka (CBSL) has announced an extension of relief measures and additional concessions for Small and Medium Enterprises (SMEs) that have been adversely affected in the recent past. This move aims to facilitate the sustainable revival of these businesses. Licensed commercial banks and licensed specialized banks have been advised by the […]
IGT 1 officially on-boards at Business Centre at Port City Colombo
IGT 1 Outsourcing Lanka (Private) Ltd, hereafter referred to as ‘IGT 1 Lanka’, the subsidiary of IGT Holding I Sweden AB, and sister company of IFS Sri Lanka, recently signed an agreement to officially on-board as office tenant at the Business Centre at Port City Colombo. The leasing agreement was signed by Sal Laher, IGT […]