The Sri Lanka Excise Department has recorded a significant 32.2% increase in revenue within just nine months following the implementation of a new digital security sticker system for locally manufactured liquor. Total revenue during this period reached Rs. 124.6 billion, a surge attributed to the digital system’s ability to recover taxes that previously went unpaid. […]
Vietnam’s leading low-cost carrier, VietJet, launched its inaugural direct flight service between Colombo and Ho Chi Minh Cityon Saturday (18), strengthening air connectivity between Sri Lanka and Vietnam while opening new opportunities for tourism, trade and investment. The new service, which commenced on July 18, is expected to facilitate greater travel between the two countries […]
Sampath Bank PLC was recognised at the Sumathi Awards 2026, with the digital commercial created for its flagship CSR initiative, Wewata Jeewayak, earning Runner-Up honours in the Digital Commercial Awards category. The commercial highlighted the resilience of Sri Lanka’s farming communities while drawing attention to the importance of preserving the nation’s agricultural heritage and sustaining […]
The Federation of Indian Chambers of Commerce and Industry (FICCI) Business Roundtable Discussion was held in New Delhi July 16 under the patronage of Minister of Industries and Entrepreneurship Development, Sunil Handunnetti, and with the participation of the Sri Lankan High Commissioner to India. The delegation had the opportunity to engage in a fruitful exchange […]
Human skill and creativity cannot be replaced by artificial intelligence. The biggest demand in the world now is for skills that are combined with competency-based education. Now there is ChatGPT and other sources for the youngsters to gain knowledge on varied subjects, provided they know the language, Deputy Minister of Industry and Entrepreneurship Development, Chathuranga […]
The Export Development Board (EDB) reaffirmed its commitment to expanding Sri Lanka’s gem and jewellery exports, with Chairman Mangala Wijesinghe expressing confidence that FACETS Sri Lanka 2027 will help the industry achieve its target of US$1 billion in export earnings by 2030. Addressing the launch of the 34th edition of FACETS Sri Lanka, Wijesinghe described […]
Organizations should act now to stay ahead of new regulations As sustainability requirements reshape global trade, businesses should begin preparing for key developments such as EmpCo, PPWR, EUDR, and ESG reporting expectations. SRI LANKAN EXPORTERS targeting the European Union are being urged to prepare immediately for sweeping new sustainability regulations that will fundamentally change how […]
Mr Sanath Manatunge, the Managing Director/Chief Executive Officer of Commercial Bank of Ceylon has been appointed Chairman of the Employers’ Federation of Ceylon (EFC), one of the country’s most influential apex business bodies representing the interests of employers across a wide spectrum of industries. The Bank said Mr Manatunge’s appointment is a significant recognition of […]
In a major push to redefine economic ties between Sri Lanka and India, the Lanka India Business Association (LIBA) has announced the highly anticipated corporate forum, ‘India Calling’. Scheduled for August 6th at the Taj Samudra, Colombo, from 9:00 AM to 6:00 PM, the full-day event is designed to bridge commercial gaps, unpack regulatory friction, […]
Hatch, Sri Lanka’s largest Startup Ecosystem player teams up with First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a key player in Sri Lanka’s capital markets landscape, to launch the 2026 edition of First Capital Startup Nation following the success of its inaugural programme. Returning with an expanded regional focus, the initiative […]