Business News (242)
Sri Lanka Insurance Life (SLICLL), has declared the largest life insurance bonus in the industry, amounting to a staggering Rs. 11.2 billion for the year 2023, to its policyholders.
Richard Pieris Group Chairman Sena Yaddehige to be arrested upon arrival
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Chairman of Richard Pieris Group, Sena Yaddehige, will be arrested upon his return to the country in connection with the alleged sexual abuse of a female business analyst from the company.
Two importers bring down 66% of e-vehicles using migrant workers permits
editor
Whilst highlighting that 66 percent of E-vehicles imported by Sri Lankan expatriates have been done through two vehicle importing companies, chairman of the Committee on Public Finance (COPF) Harsha de Silva said today that his committee has requested the Finance Ministry to probe these irregularities.
PUCSL to reach final decision on proposed electricity tariff revision
editor
The Public Utilities Commission of Sri Lanka (PUCSL) says that the final decision regarding the electricity tariff revision will be announced on July 15, after reviewing the public opinions.
Sri Lanka attracts over 43,000 tourists in first seven days of July
editor
Sri Lanka welcomed over 43,000 international visitors in the first week of July, a significant pickup in the tourist inflow rate from last month.
Uber Green hits Sri Lanka as company drives towards zero emission goals
editor
Uber announced the launch of its global flagship sustainability product, Uber Green, in Colombo. This will enable riders to book environment friendly rides with just a few taps on their Uber app. With an aim to accelerate its transition to zero emission mobility by 2040 in Sri Lanka,
Ceylon Petroleum Corporation revenue drops in competition with Sinopec
editor
In the face of competition with a new Chinese player, the Ceylon Petroleum Corporation (CPC) has been compelled to reduce fuel imports to US$ 648.71 million in the first four months of 2024 compared to $ 828.4 million in the same period of 2023, finance ministry’s latest fiscal position report revealed
Sri Lanka to wrap up bond talks soon balancing India and China ties
editor
Sri Lanka will wrap up talks with international bondholders on its restructuring process in a few weeks, Foreign Minister Ali Sabry said on Tuesday, a major step for the island nation to emerge from its worst financial crisis in decades.
Sri Lanka’s State Minister of Finance Ranjith Siyambalapitiya stated that the government intends to collect taxes from 14 previously untaxed sectors that have been overlooked until now and to ensure tax compliance from them.
The Hambantota International Port (HIP) launched a program for the establishment of a green zone that will see the reforestation and afforestation of land.
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Excise revenue collection hits Rs. 105 billion so far this year
editor
The Excise Department has successfully collected Rs. 105 billion in revenue so far this year, marking a significant increase of Rs. 17 billion compared to the same period last year.
The Minister of Power and Energy, Kanchana Wijesekera, stated that Lanka IOC will be launching a 100 Octane premium petrol to the market from today (02).
Foreign Minister Yoko Kamikawa on Tuesday praised Sri Lanka's recent efforts to address its economic crisis and debt restructuring, following the South Asian country's agreement with creditor nations, according to the Japanese government.
Women mean Business: A Coalition for Action” was launched recently to address multiple issues faced by micro, small and medium women entrepreneurs and usher greater inclusive growth in Sri Lanka.