Tag: lbo.lk
Is an increase in the tobacco tax incidence a practical policy option in Sri Lanka?
By Sri Lal Somaweera The recent COPF discussions sparked debate on a push to raise Sri Lanka’s tax on cigarettes to be 75% of the price of the cigarette. This has resurfaced policy discussions, echoing a longstanding recommendation from the World Health Organization’s (WHO). Their aim is clear: discourage smoking, improve public health, and boost […]
Sri Lanka promotes AI– investment opportunities and disrupt Asia-2025 in London
A panel discussion to promote investment opportunities in Artificial Intelligence (AI) in Sri Lanka, jointly organised by the Sri Lanka–UK Chamber of Commerce – London (SLUKCC) and the High Commission of Sri Lanka, was held on 31 July 2025 at the High Commission premises. The panel featured a distinguished group of professional and academic including Dean […]
WealthOS achieves prestigious WealthTech100 recognition for 3rd consecutive year
WealthOS, a pioneering cloud-native operating system (SaaS) for digital wealth management products, today announced its inclusion in the prestigious global WealthTech100 list for the third year running. The WealthTech100 is an annual list curated by FinTech Global, identifying the 100 most innovative wealth tech companies in the world. With over 1,200 tech companies in the […]
CCC applauds Government for securing 20-pct tariff rate on US exports
The Ceylon Chamber of Coconut Industries extends its sincere appreciation to President Anura Kumara Dissanayake and the negotiating team for securing a reduced 20% reciprocal tariff from the United States. As our largest export market for coconut products, this achievement marks a critical win for the industry, helping Sri Lankan exporters compete more fairly with […]
A new era begins: City of Dreams Colombo reshapes Sri Lanka’s travel and leisure scene
Sri Lanka’s largest investment and South Asia’s first integrated resort opened its doors, heralding a bold new chapter in the nations’ economic journey. Positioned at the crossroads of modern luxury and local artistry, City of Dreams Sri Lanka (COD SL), is a living showcase of Sri Lankan ambition, creativity and global vision. The transformative destination […]
Sunshine Holdings reports 11.6% YoY top-line growth in 1QFY26
• Consolidated revenue of LKR 15.9 billion • Healthcare revenue up 14.0% YoY to LKR 8.6 billion • Consumer revenue up 3.7% YoY to LKR 4.8 billion • Agribusiness revenue increased by 20.7% YoY to LKR 2.5 billion August 03, 2023: Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) delivered a resilient start to […]
Pan Asia Bank posts PAT of over Rs. 2.1Bn for 1H2025; Increase of 110-pct
Operating Profit before Taxes on Financial Services – Rs. 3.83 billion, up by 40% Profit before Tax – Rs. 2.91 billion, up by 46% Profit after Tax – Rs. 2.15 billion, up by 110% Total Assets grow by Rs. 18 billion, up by 7% Net Interest Income – Rs. 6.27 billion, up by 7% Net […]
John Keells CG Auto responds to BYD vehicle claims, Reaffirms compliance and transparency
In response to recent public discourse surrounding a consignment of BYD electric vehicles held at Sri Lanka Customs, John Keells CG Auto (Pvt) Ltd (JKCG Auto), the official distributor of BYD in Sri Lanka, has issued a statement clarifying its position and reiterating its full compliance with all local regulatory requirements. The situation involves select […]
JKH records strong performance in Q1 2025/26; EBITDA of Rs.12.97 billion
EBITDA includes interest income and the share of results of equity accounted investees which is based on the share of profit after tax but excludes all impacts from foreign currency exchange gains and losses (other than for equity accounted associates), to demonstrate the underlying cash operational performance of businesses. EBITDA (Rs.’000) Summarised below are the […]
Sri Lanka’s Plantation sector sounds alarm over 30% U.S. tariff
The Planters’ Association of Ceylon (PA) has expressed grave concern over the United States’ decision to impose a 30% tariff on Sri Lankan tea and rubber exports, set to take effect from August 1st. The Association warns that this move could devastate two of Sri Lanka’s most historic and employment-intensive sectors, tea and rubber undermining […]
Sri Lanka’s Textile and Apparel sector strengthens ESG transparency with new GRI-backed initiative
A new sustainability initiative is set to enhance the resilience, competitiveness, and global standing of Sri Lanka’s apparel sector. The Improving Transparency for Sustainable Business (ITSB) programme, jointly launched by the Global Reporting Initiative (GRI) South Asia, the Sustainable Development Council (SDC) of Sri Lanka, Sri Lanka Export Development Board (EDB) and the Joint Apparel […]
Trinasolar partners Solaris Energy to deliver 25MWp of utility-scale solar across Sri Lanka
Trinasolar, a global leader in smart PV and energy storage solutions, signed a Memorandum of Understanding (MOU) with Solaris Energy (Pvt) Ltd., a leading solar distributor in Sri Lanka, to collaborate on the supply and deployment of 25 megawatt-peak (MWp) of solar modules across the country. The agreement was formalized at SNEC 2025 in Shanghai, […]