CMTA Urges Scrapping Used Vehicle Tax Break in Sri Lanka
The CMTA urges authorities to scrap used vehicle tax break in Sri Lanka, citing economic distortions, revenue loss, and unfair advantages for near-new.
Business
Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.
Business
Business
LRI Acquires 71% Stake in Lee Hedges for Rs.3.9bn
LRI acquires 71% stake in Lee Hedges in a landmark Rs.3.93 billion deal that reshapes Colombo’s commercial property sector. The acquisition, completed alongside.
- January 13, 2026
Business
Sri Lanka Expo 2026 Set to Attract 1,500 Global Buyers
Sri Lanka Expo 2026 is set to become a premier platform connecting exporters, investors, and buyers globally. The event aims to showcase Sri.
- January 13, 2026
Business
Velona Celebrates 85 Years of Care and Innovation
Velona 85 years marks a remarkable journey of resilience, care, and innovation in Sri Lanka. From its beginnings in textiles to becoming a.
- January 13, 2026
Business
Ceylon Tea Leads Global Cold Brew and Bubble Tea Trend
Ceylon Tea cold brew is emerging as a premium trend in 2026, redefining global consumption patterns. With its delicate floral notes and orthodox.
- January 13, 2026
Business
Sri Lanka Customs Sets 2026 Revenue Target at Rs2,207bn
Sri Lanka Customs sets 2026 revenue target at Rs2,207bn, marking a 13.5 percent reduction from last year. Officials attribute the decline to expected.
- January 9, 2026
Business
BOV Capital Achieves Historic Exits, Boosting Sri Lanka Startups
BOV Capital achieves historic exits in 2025/26, marking a milestone for Sri Lanka’s startup ecosystem. The venture capital firm’s portfolio successes, including Insureme.lk’s.
- January 9, 2026
Business
Colombo Port City Law Offers 15-Year Tax Holiday
Sri Lanka’s Port City Law introduces a 15-year tax holiday for billion-dollar investments, marking a strategic shift in attracting foreign capital. The law.
- January 9, 2026
Business
Turkish Airlines Upgrades Colombo Flights to A350-900
Turkish Airlines upgrades Colombo flights to the advanced A350-900, enhancing travel comfort and connectivity. The airline’s Istanbul-Colombo route now offers improved passenger experience.
- January 9, 2026
Business
Link Natural Sampath Bank Partnership Lifts Rural Agriculture
Link Natural Sampath Bank partnership marks a significant step in strengthening rural agriculture by combining financial access, technical expertise, and assured markets. The.
- January 9, 2026