Tech Industry

WIS Accountancy Launches AI-Powered Mortgage Platform MortgagX and Expands Operations in Sri Lanka

WIS Accountancy, a prominent digital accountancy, bookkeeping, tax, and business advisory service provider in the UK, is broadening its reach both in the

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Finance

Credit Card Debt Sees Modest Increase in August Amid Rising Private Credit

Consumer spending via credit cards has shown signs of growth, with the total outstanding credit card debt in licensed commercial banks rising by

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Finance

Fitch Affirms LB Finance’s National Rating at ‘BBB+(lka)’; Outlook Stable

Fitch Ratings has reaffirmed LB Finance PLC’s National Long-Term Rating at ‘BBB+(lka)’ with a Stable Outlook. The rating reflects LB Finance’s solid financial

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Tourism

Sri Lanka’s Tourism Earnings Surge to US$ 2.35 Billion Amid Recovery Efforts

Sri Lanka’s tourism sector continues to show positive momentum as of September 2024, with both visitor arrivals and earnings on the rise, despite

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Economics

CEBEU Expresses Hope Amid Leadership Changes to Prevent Power Crisis in 2026-2027

The Ceylon Electricity Board Engineers’ Union (CEBEU) has expressed optimism that recent leadership changes at the Ceylon Electricity Board (CEB) will create a

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Finance

IFC Acquires 14.73% Stake in Sunshine Healthcare for Rs. 3.27 Billion

The International Finance Corporation (IFC), the private sector investment arm of the World Bank, has secured a 14.73% stake in Sunshine Healthcare Lanka

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Industry Analysis

SLACMA Welcomes NPP’s Industrial Policies to Boost Automobile Component Manufacturing

The Sri Lanka Automobile Component Manufacturers Association (SLACMA) has extended its congratulations to Anura Kumara Dissanayake on his election as the new President

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Business

Maliban Secures Court Ruling Against Uswatte’s Copycat Packaging

The Commercial High Court of Colombo has issued an enjoining order against Uswatte Confectionery Works Ltd., prohibiting them from manufacturing, distributing, and selling

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Tourism

Sri Lanka’s Tourism Revenue Rises by 18.9% in September as Arrivals Surge

Sri Lanka’s tourism sector saw a significant boost in foreign exchange revenue, reaching $181 million in September 2024, an 18.9% increase from $152.2

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Economics

Ceylon Chamber Commends Progress in Sri Lanka’s ISB Debt Restructuring Approval

The Ceylon Chamber of Commerce has praised the Sri Lankan government’s successful consultations with the International Monetary Fund (IMF) and the Official Creditor

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