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Monday November 9th, 2026
Business

Sri Lanka’s Bank of Ceylon profits up 25.3-pct in Dec-2022

Provisioning for bad loans and advances grew 20.6 percent to 5.3 billion rupees

March 2, 2023 3 min read

Sri Lanka plans electric bus PPPs

Pilot projects are planned in Colombo and Gampaha districts initially.

February 28, 2023 1 min read

Sri Lanka's Hela Apparel Africa expansion backed by Norfund

NDB Investment Bank Limited was the financial advisor.

February 27, 2023 2 min read

Questions raised over Sri Lanka turtle hatcheries as egg prices rise

Increased competition has driven up the price of eggs.

February 27, 2023 3 min read
Sri Lanka arrests three over Arugam Bay warning

"All 3 are Sri Lankan nationals," Minister Vijitha Herath said. "Investigations are continuing."

Sri Lanka-USA Business Council re-elects Charithra Hettiarachchi as president

Hoping to expand partnerships with USAID, the EDB, and BOI, the chamber said.

ADB loans US$128mn for water in Sri Lankan capital

ECONOMYNEXT – The Asian Development Bank (ADB) is giving Sri Lanka another loan of $128 million to fund safe wate...

August 11, 2016 2 min read

Land diversification at Sri Lanka's privatized plantations stuck at state 'Golden Shareholder'

ECONOMYNEXT - A so-called 'Golden Shareholder' in for the state is blocking sub-leasing of privatized plantations, makin...

August 9, 2016 3 min read

Piramal Glass Sri Lanka unit in Rs3bn expansion

Piramal Glass Ceylon said June 2016 quarter net profit fell 25% to Rs110 million from a year ago as it built inventory a...

August 9, 2016 1 min read

Sri Lanka Tokyo Cement in deal with Japan’s Ube Industries

ECONOMYNEXT – Sri Lankan cement manufacturer Tokyo Cement Group said it has struck a deal with Japan’s Ube...

August 8, 2016 1 min read

Sewage threatens Sri Lanka's golden beaches

Tourists have flocked back to Sri Lanka's palm-fringed beaches since a bloody civil war ended in 2009, but environmental...

Amal JAYASINGHE
August 8, 2016 4 min read

Gold slump slows demand for activated carbon at Sri Lanka's Haycarb

Sri Lanka's Haycarb Plc, which also has factories in Thailand and Indonesia, said the group operated below-capacity amid...

August 6, 2016 1 min read

Sri Lanka tourist arrivals up 19.1-pct in July 2016

Sri Lanka's tourist arrivals grew 19.1 percent from a year earlier in July 2016 to 209,351 recovering from a slow 2.2 pe...

August 5, 2016 2 min read

Three-wheeler, Maruti offers fail to lure workers to Sri Lanka's construction industry

Offers of three-wheelers and Maruti cars for long service failed to draw workers to Sri Lanka's construction industry, w...

August 5, 2016 2 min read

Sri Lanka tea estate seeks 'Golden Shareholder' nod for dairy move

Sri Lanka's Watawala Plantations Plc said it is awaiting approval from the government to sub-lease land for a diary vent...

August 5, 2016 1 min read

Sri Lanka to seek geographical indication (GI) for Ceylon Pineapples

Sri Lanka is seeking geographical indication (GI) for pineapples to certify the country of origin, head of the state exp...

August 3, 2016 1 min read
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US Dollar 331.7485 330.8514
UK Pound 443.7468 438.3450
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today yesterday
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Airbnb grows 172-pct in Sri Lanka to 8,000 properties

Airbnb, an online vacation rental booking engine said it had seen a 172 percent growth in listing in Sri Lanka to 8,000 ...

August 2, 2016 2 min read

Thayalan Bartlett appointed MullenLowe Sri Lanka chief

Thayalan Bartlett has been named the new chief executive for MullenLow Sri Lanka, (formerly Lowe LDB (Pvt.) Ltd), an adv...

August 1, 2016 1 min read

Sri Lanka to abolish floor rates for hotels from next March

Sri Lanka will abolish floor rates for city hotels from March 2017, following requests from the industry, which has pric...

July 29, 2016 2 min read

Sri Lanka emergency ambulance paramedic service with 1990 toll free number

Sri Lanka has formally launched an emergency service with paramedics on call by dialling 1990, with technical assistance...

July 29, 2016 2 min read

US market helps Sri Lankan fabric maker weather EU downturn

Sri Lankan fabric manufacturer Textured Jersey Lanka (TJL) has said its well diversified business with big clients in th...

July 28, 2016 2 min read

Sri Lanka June tea output down 14.3 pct on heavy rain

COLOMBO, July 27 (Reuters) - Sri Lanka's tea output in June fell 14.3 percent from a year earlier because of heavy rain ...

July 27, 2016 1 min read

John Keells to start Rs3.7bn hotel in Sri Lanka's Nuwara Eliya

Sri Lanka's John Keells group is expecting to start construction of a 3.7 billion rupee hotel in Nuwara Eliya in the isl...

July 27, 2016 1 min read

Sri Lanka state bank credit to pay plantations interim wages

State-run Bank of Ceylon and People's Bank will advance cash to pay an interim salary hike to workers in privatized plan...

July 26, 2016 1 min read

Bank of Tokyo-Mitsubishi to bankroll Siam City Cement Sri Lanka aquisition

Siam City Cement Pcl (SCCC) , Thailand's second-largest cement maker, said on Monday it has signed a deal to buy a Sri L...

July 25, 2016 2 min read

Siam City Cement buys Sri Lanka's LafargeHolcim unit

Thailand's Siam City Cement Public Company Ltd has bought Holcim Lanka, Sri Lanka's sole integrated cement manufacturer ...

July 25, 2016 1 min read