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Optimism among Swedish companies working with Sri Lanka
“Growth in the last five years, growth in 2024 and optimism for 2025.” These are some of the key findings from the Sweden-Sri Lanka Business Council’s (SSLBC) 2025 Membership Survey. The results are also a reflection of the increasing interest for Sri Lanka among Swedish companies. In two years, the number of members of SSLBC […]
Seafoods, Seacucumber, and Seizing Opportunity in Jaffna
By Jekhan Aruliah Mr Ganendran is from Navaly, near Manipay Jaffna. Born in 1975 to a Christian Catholic family, Ganendran had his schooling from Grade 3 to A’Levels at St Patrick’s College. St Patrick’s is one of the leading Jaffna schools, not far from Jaffna Fort. In the midst of the Sri Lankan Civil War, […]
UK Sanctions do not assist but serve to complicate national reconciliation process in SL: FM
The Ministry of Foreign Affairs, Foreign Employment & Tourism takes note of the Press Release dated 24th March 2025, issued by the UK, Foreign Commonwealth & Development Office (FCDO) entitled “UK Sanctions for Human Rights Violations and Abuses during the Sri Lankan Civil War”. As stated in the press release, the UK government has imposed sanctions on four […]
Emirates’ A350 debuts in Sri Lanka, offering airline’s unique Premium Economy experience
Emirates’ latest aircraft, the Airbus A350, has made its debut in Sri Lanka, introducing an exciting new dimension in air travel to and from the popular destination of Colombo. The roll out of Emirates’ A350 aircraft to Sri Lanka featuring the airline’s latest interiors, industry-first technologies and innovations, reinforces the airline’s commitment to a market […]
CBL Foods International wins Gold for best in-house R&D unit at National awards
CBL Foods International (Pvt) Ltd. (CBLF), a subsidiary of CBL Group, was awarded Gold for Best In-House Research and Development Unit at theNational Industry Brand Excellence Awards, organised by the Industrial Development Board (IDB), for its exemplary performance and commitment demonstrated in driving innovative solutions and technological advancements that significantly contribute to the expansion of […]
Central Bank of Sri Lanka keeps Overnight Policy Rate (OPR) unchanged
The Monetary Policy Board decided to keep the Overnight Policy Rate (OPR) at 8.00% at its meeting held yesterday. The Board arrived at this decision after carefully considering the developments both domestically and globally. The Board remains confident that the prevailing monetary policy stance will ensure that inflation will move towards the target of 5% […]
Sri Lanka Exports Reach USD 1.38 Billion in February, Up 4.62-pct Year-on-Year
Total exports, including both merchandise and services, reached at US$ 1,382.53 Mn in February 2025, marking a notable 4.62% year-on- year growth compared to February 2024. Additionally, exports recorded a 2.58% month-on-month increase compared to January 2025. According to provisional data from Sri Lanka Customs and estimated figures for Gems & Jewellery and Petroleum Products, […]
The Ceylon Chamber of Commerce Celebrates 186 Years of Service to Sri Lanka
The Ceylon Chamber of Commerce, Sri Lanka’s premier business chamber, proudly marks its 186th anniversary today (25th March) Reflecting on this milestone, the Chairman of the Ceylon Chamber, Mr. Duminda Hulangamuwa, stated, ‘for 186 years, the Ceylon Chamber has remained committed to putting “Sri Lanka First” in all its efforts. Whether through policy advocacy, trade […]
”’ Proposed Debentures
Fitch Ratings has published the National Long-Term Rating of ‘AAA(lka)’ for Sri Lankan conglomerate Hayleys PLC’s (AAA(lka)/Stable) proposed senior unsecured redeemable debentures of up to LKR7 billion. The proposed debentures are rated in line with Hayley’s National Long-Term Rating and existing unsecured notes because we believe there will be limited subordination risk to debenture holders […]
Sri Lanka’s Future – Budget 2025 & Strategic Proposals for Economic Stabilization
By Dr. Gayan Gunewardana BSc, MBA, PhD, CIMA/ ACMA/CGMA, FRM, AIB Sri Lanka’s Budget 2025 sets an ambitious yet pragmatic foundation for economic recovery and sustainable development, presenting a forward-looking framework that balances immediate stabilization with strategic long-term growth. With a planned expenditure of Rs. 7.19 trillion against a projected revenue of Rs. 4.99 trillion, […]
Central Bank Issues Warning Against Pro Care Pyramid Schemes, Citing Banking Act Violations
The Central Bank of Sri Lanka has determined Pro Care (Pvt) Ltd., Shade of Procare (Pvt) Ltd have engaged in a scheme prohibited under Section 83 (C) of the Banking Act, No. 30 of 1988, as amended. Further, the following Companies/Apps have also been determined as prohibited schemes under Section 83 (C) of the Banking […]
Property Market Shows Signs of Growth Despite High Taxes & Bureaucratic Hurdles
Industry experts at the Lanka Property Show 2025 expressed confidence in Sri Lanka’s real estate sector, highlighting its potential for growth despite past economic challenges. While factors such as rising interest rates, currency depreciation, and fluctuating taxes previously impacted the market, experts were optimistic that stabilizing interest rates, exchange rates, and tax policies will foster […]