Business

Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.

Business

Frustration Mounts as Sri Lanka Delays Approval for Starlink High-Speed Internet

Sri Lanka’s IT industry is growing increasingly impatient with the lengthy wait for approval of Elon Musk’s Starlink satellite internet service. While Starlink.

  • June 5, 2024
Read More
Business Economics

NDB Bank Obtains Authorised Person Status at Colombo Port City, Poised to Drive Economic Growth

COLOMBO, Sri Lanka – National Development Bank PLC (NDB) has secured a significant milestone by being granted Authorised Person (AP) status at the.

  • June 4, 2024
Read More
Business Economics

Sri Lanka Mulls Cement Price Controls Amid High Building Material Costs

COLOMBO, Sri Lanka – Sri Lanka’s Trade Minister, Nalin Fernando, has announced that the government is considering imposing price controls on cement. This.

  • June 4, 2024
Read More
Business

Siyapatha Finance Debenture Issue Oversubscribed on Strong Investor Demand

Siyapatha Finance PLC announced the remarkable success of its recent debenture issuance, exceeding all expectations with a significant oversubscription. The initial public offering.

  • June 3, 2024
Read More
Business Industry Analysis

Sunshine Holdings Achieves Record Revenue Growth in FY2024

Sunshine Holdings PLC (CSE: SUN), a leading diversified Sri Lankan conglomerate, reported strong financial performance for the year ended March 31, 2024. The.

  • June 3, 2024
Read More
Business Tourism

Sri Lanka Welcomes Foreign Investors with Streamlined Investor Visa Program!

Great news for property investors! Sri Lanka has relaunched its “Investor Visa” program, specifically designed to attract foreign investment in the condominium market..

  • May 31, 2024
Read More
Business

LOLC Finance Soars to New Heights: Records Highest Ever Profits

LOLC Finance PLC, Sri Lanka’s leading non-banking financial institution, has concluded the year with a bang! The company reported an exceptional performance, achieving.

  • May 31, 2024
Read More
Business Economics

Pakistani Businesses Eye Sri Lanka’s Recovering Economy for Investments

Colombo, Sri Lanka – A 14-member Pakistani business delegation is visiting Sri Lanka to explore investment opportunities in various manufacturing sectors, signaling confidence.

  • May 31, 2024
Read More
Business

Sri Lanka and Singapore Collaborate to Upgrade Immigration System

Sri Lanka and Singapore are joining forces to enhance Sri Lanka’s immigration system. A team of officials from Singapore’s Immigration Checkpoint Authority (ICA).

  • May 29, 2024
Read More
Business Industry Analysis

Commercial Bank Announces Rs. 22.5 Billion Rights Issue to Fuel Growth

Sri Lanka’s Commercial Bank is set to raise Rs. 22.5 billion through a Rights Issue, aiming to strengthen its Tier I capital and.

  • May 29, 2024
Read More