Business News (242)
India completes 60 grant projects in Sri Lanka implementing 16 more
editor
India has completed 60 grant projects in Sri Lanka and implementing 16 more currently, the development coming more through investments and grants and relatively less through debt instruments, India’s envoy to Sri Lanka said on Tuesday.
COYLE’s trade delegation to South Korea forges new business alliance
editor
The Chamber of Young Lankan Entrepreneurs (COYLE) recently led a high-profile trade delegation to the Republic of Korea, marking a significant milestone for the Sri Lankan business industry.
The BOI approved US $ 4.5 Million Amber Adventure and Ambuluwawa Bio Diversity Center’s first cable car operation in Sri Lanka has been given interim relief by the Court of Appeal to continue with the project .
Yohani’s debut album submitted for Grammy Award consideration
editor
Sri Lankan star Yohani’s debut album ‘Kella’ has been submitted for consideration at the 67th Annual Grammy Awards to be held in February 2025.
Chinese Embassy assures full support to curb online fraud of Chinese men
editor
China is closely following the recent reports that Sri Lankan police arrested a number of foreign suspects of online fraud, including Chinese nationals.
UNDP pledges support for governance and economic reforms in Sri Lanka
editor
The UNDP reaffirmed its commitment to supporting the government’s reforms, anti-corruption efforts, and increasing women’s participation in both the economy and Parliament, said the PMD.
EDB and Qatar Sri Lanka Business Council to enhance trade opportunities
editor
Representatives of the Qatar Sri Lanka Business Council (QSBC) and the Export Development Board (EDB) of Sri Lanka engaged in discussions on fostering trade relations and exploring investment opportunities between the two countries. The meeting was held virtually on 09 October 2024.
Sri Lanka banks maintain US $ 3.7 billion in financial institutions abroad
editor
Sri Lanka banks have maintained $ 3.7 billion with financial institutions abroad by the end of Q2 of 2024, which enabled them to meet foreign currency requirements despite shortages in the domestic market, Central Bank revealed.
Sri Lanka is preparing to resume discussions on the US $ 2.9 billion bailout programme with the International Monetary Fund (IMF) during the IMF and World Bank Group Annual Meetings in Washington later this month.
SC Securities Becomes the First Stockbroking Company to achieve ISO 9001:2015
editor
In a groundbreaking achievement for the Sri Lankan stockbroking industry, SC Securities (Pvt) Ltd, a fully owned subsidiary of Sampath Bank PLC, has become the first stockbroking company in Sri Lanka to obtain the prestigious ISO 9001:2015 certification (as confirmed by SLSI) for its Quality Management System (QMS).
More...
Bank of Ceylon introduces Cardless Withdrawal as acustomer-centric solution
editor
Bank of Ceylon continues to lead the financial industry with its commitment to innovation and customer-centric solutions.
Sri Lanka’s New Government Pledges Review of Adani Wind Project
editor
Sri Lanka’s new government said it will review a wind power deal with the Adani Group, throwing a fresh hurdle for the Indian conglomerate as it seeks to expand abroad.
The Cabinet of Ministers has approved appointing Senior Special Grade Officer of the Inland Revenue Department (IRD), U.D.N. Jayaweera as the Acting Commissioner General of Excise with immediate effect.
Irbid Chamber of Commerce Chairman, Mohammad Shoha, and Sri Lankan Ambassador Priyangika Wijegunasekera on Monday discussed prospects of enhancing trade and investment cooperation between Jordan and Sri Lanka.