Business News (242)
Sri Lanka has earned over two billion US dollars from tourism in the first eight months of 2024, the latest data from the country’s Central Bank shows.
Apparel sector seeks urgent solution to short term business visas
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The Joint Apparel Association Forum (JAAF) called on the Sri Lankan Government to urgently resolve ongoing challenges related to the issuance of short term business visas, which have been halted since August 2.
Hambantota Port Sees Growth in Vessel Arrivals for Repairs and Layups
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Hambantota International Port (HIP) has experienced a substantial increase in the number of vessels arriving for repairs and layups this year, highlighting a significant boost in its operational growth.From January to August 2024, HIP hosted 23 vessels for these services, marking a remarkable 53% increase compared to the 15 vessels during the same period in 2023.
SLGJA proposes transforming Sri Lanka to ‘Sapphire Capital’ of the world
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The Sri Lanka Gem and Jewellery Association (SLGJA), the apex body of the gem and jewellery industry in Sri Lanka established in 2002, has put forward a series of strategic, urging authorities to take necessary actions to steer the sector towards a more prosperous future.
Hatton National Bank (HNB) is to pay Rs. 7 billion to DFCC Bank in its move to acquire 50% stake thereby control of Acuity Partners Ltd.
Leading budget carrier IndiGo on Sunday (01) commenced daily direct operations to Jaffna, a city located in the northern province of Sri Lanka, which is its second destination in the neighbouring country after Colombo.
Sri Lanka’s Nation Lanka Finance Plc said it had found a strategic investor who has agreed to invest 2.5 billion rupees in the company.
The Department of Motor Traffic (MTD) is set to launch a new system aimed at updating the information of approximately 2 million driving license holders who have not yet updated their details.
SriLankan Airlines, during April 1, 2023 and March 31, 2024, was forced to cancel more than 1000 flights (10 per cent of the scheduled flights) which cost more than US$60 million, its chairman Asoka Pathirage said.
The Sri Lankan government must adhere to the International Monetary Fund’s (IMF) Extended Fund Facility conditions until 2028 to ensure prudent fiscal management for the 2025 budget, according to Minister of Transport, Highways, and Mass Media, Dr. Bandula Gunawardana.
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Dialog Axiata PLC ("Dialog") completed the amalgamation with Bharti Airtel Lanka (Private) Limited ("Airtel Lanka") under the applicable provisions of the Companies Act, with Dialog remaining as the surviving entity.
Afinancial fraud involving the Ceylon Petroleum Corporation (CEYPETCO) has been exposed. .
For the first time in Sri Lanka, the government has introduced an online platform (www.pravesha.lk) for railway passengers to purchase tickets.
Korea to invest in solar energy and agriculture projects in Sri Lanka
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Prime Minister Dinesh Gunawardena has expressed the government’s readiness to attract foreign investments and its plans to increase the share of alternative energy sources to cut down the dependence on crude oil.