Business
National Chamber to Announce Business Excellence Awards 2024
As Sri Lanka’s corporate sphere eagerly approaches the most prestigious event of the year, the anticipation for the announcement of the National Business Excellence Awards 2024 reaches its peak. This eminent Corporate Awards Ceremony is poised to honor the most outstanding contributions to Sri Lankan Business Recognition, encapsulating the highest standards of Business Leadership and…
SLKBC Hosts Business Networking Evening in Sri Lanka
In an impressive display of international trade relations, the Sri Lanka – Korea Business Council (SLKBC), under the auspices of The Ceylon Chamber of Commerce, recently spearheaded a compelling SLKBC event aimed at fortifying Sri Lanka-Korea business collaboration. This exclusive Business Networking Evening brought together a confluence of Members of the Council, esteemed diplomats, savvy…
First all-female surf club is making waves in Sri Lanka
The Arugam Bay Girls Surfing Club in Sri Lanka is making waves, literally! The all-female surf club is shattering the stereotype that certain sports are meant only for men, and has become the country’s first officially-registered female surf club. The club’s president, Shamali Sanjaya is a 30-year-old mother from Arugam Bay. She organises beach cleanups and…
SriLankan Airlines Achieves Highest Ever Monthly Revenue in December
SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, achieved the highest ever monthly revenue in Company history in December 2017. The air-transport operation of the Company recorded a stand-alone revenue of US Dollar 100.1 million – the first instance in the 38-year history of the airline where monthly…
Sweden – Sri Lanka Business Council AGM Event Report
The nexus of bi-national business growth between Sweden and Sri Lanka saw an invigorating boost this year at the SSLBC AGM 2023, symbolizing a cornerstone event set in the coastal embrace of the Mount Lavinia Hotel. This congregation was not only a testament to the robust Sweden-Sri Lanka relations but also a reflective observation of…
Why SEO Is More Important Than Ever for E-Commerce Business in Sri Lanka
In today’s digital age, e-commerce businesses in Sri Lanka face stiff competition to attract and engage with potential customers online. With businesses relying heavily on their websites as the primary point of contact with their customers, implementing an effective search engine optimization (SEO) strategy has become more important than ever before. SEO plays a critical…
Business Center at Port City: Colombo’s Hub for Commerce
Amidst the bustling capital of Sri Lanka, Port City Colombo emerges as a beacon of commercial development, set to redefine the urban landscape and signal a new era for business growth. At its heart lies the Business Center at Port City, a meticulously designed trade and finance nucleus poised to transform this vibrant island nation…
Dialog Enterprise: ICT Solutions for Sri Lanka’s Enterprises
Corporate ICT solutions have become the lifeblood of continued innovation and growth for Sri Lankan enterprises. Recognizing this essential factor, Dialog Axiata has emerged as a formidable ally to small and medium enterprises (SMEs) through its dedicated wing, Dialog Enterprise. A recent initiative called the ‘Future Proof Your Business Through Digital Transformation Exhibition’ was a…
Singapore and Sri Lanka sign free trade agreement
COLOMBO: Singapore and Sri Lanka signed a free trade agreement on Tuesday (Jan 23) which will deepen economic ties and facilitates greater trade flows between the two countries. The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) was signed by Singapore’s Minister for Trade and Industry (Industry) S Iswaran and Sri Lanka’s Minister for Development Strategies and…
country is required to resolve USD 12.5 Billion
COLOMBO (News 1st) Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal stated that the country is required to resolve USD 12.5 Billion in debt through International Sovereign Bonds over the next seven years. Talking to the American-based CNBC Governor Scott said the outstanding foreign debt in 2022 will be around USD 6.9 Billion. “Out of…
LB Finance Recognised Globally & Locally in 2023
As a beacon of financial excellence in Sri Lanka’s financial landscape, LB Finance PLC has entered 2023 with a series of commendable achievements that reinforce its standing in the industry. The company’s dedication to best practices in financial reporting and corporate governance has been internationally acclaimed, securing multiple accolades that showcase its prowess. LB Finance’s…
‘ikman Pay’ assures customers of greater convenience and security across full range of online payment options
ikman.lk, Sri Lanka’s largest online marketplace recently introduced ‘ikman Pay’ providing customers’ greater convenience and enhanced security across all its online payment options. Any ikman.lk service or product that requires payment can now be easily processed through ikman Pay https://pay.ikman.lk/ Combining all online payment options ikman Pay includes ikman.lk’s wide range of payment solutions such as…
Last year 183 ships arrive at Sri Lanka’s Hambantota port
Sri Lanka’s Ministry of Shipping and Ports says last year 183 ships arrived at the Magampura Mahinda Rajapaksha Port in Hambantota Port. Out of these ships, 175 ships were cargo ships. In 2017, 126,514 tonnes have been unloaded at the Magam Ruhunupura Mahinda Rajapaksa Port and 46,835 tonnes have been shipped from the Port. The…
Central Bank of Sri Lanka recently released Rules that make it obligatory for hotels
The Monetary Board of the Central Bank of Sri Lanka recently released Rules that make it obligatory for hotels and service suppliers to allow payment by residents of countries other than Sri Lanka, only in foreign currency. This Rules appear in Gazette Extraordinary No. 2263/41 of 21 January 2022. As per the publication of the…
CMA Sri Lanka Honors Excellence in Business Management
As gatekeepers of professional standards, CMA Sri Lanka recently gathered the esteemed minds in the field of finance and management at the Cinnamon Grand for a momentous occasion. The inauguration of the National Management Accounting Conference 2023 underscored the emergent need for ‘Sustainability and Value Creation in an Economic Turmoil’. Alongside the conference, the Professional…
Sri Lankan Airlines flight from London diverted to Frankfurt due to medical emergency
SriLankan Airlines flight UL504 en-route from London to Colombo with 268 passengers was diverted to Frankfurt airport last night due to a medical emergency, the airline said. The fight has landed safely at Frankfurt International Airport in Germany. The airline in a travel alert said the most important factor was the health and safety of…
Moon-Chan Kim in seek of commercial opportunities in Sri Lanka
Mr. Moon Chan Kim the Co-founder and technical adviser of E&D Co., Ltd, a company which provides environment and energy technology solutions. Its products include EnDsel-PF, a device that reduces the particulate matter, carbon monoxide, and hydrocarbon emissions from diesel vehicles; and EnDsel-PPF, a solution for emission control from light and medium duty diesel vehicles. He…
Biz Council Urges Local Firms to Boost France Trade
Strengthening Sri Lanka-France economic relations is paramount for both nations, especially as they continue to explore international trade opportunities. During a pivotal gathering of The Ceylon Chamber of Commerce, the Sri Lanka-France Business Council showcased its commitment to encouraging local business expansion into the French market. The move is expected to bolster export growth and…
SLT-MOBITEL Mobile was again ranked as the most ‘fastest Mobile Network
In a reaffirmation of its superiority in providing unbeatable connectivity and a superior user experience SLT-MOBITEL Mobile was again ranked as the most ‘fastest Mobile Network by Ookla the world’s leader in mobile and fixed broadband network testing software including data analysis and data. This recognition is a testimony to SLT-MOBITEL’s commitment to provide record…