Commercial Bank of Sri Lanka Completes Liquidation of Money Transfer Unit in Italy
Sri Lanka’s Commercial Bank of Ceylon PLC has officially completed the liquidation of its subsidiary, Commex Sri Lanka S.R.L., located in Rome, Italy..
Business
Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.
Business
Business
LTL Holdings to Raise Rs. 16 Billion via Largest IPO in Sri Lanka
LTL Holdings, one of Sri Lanka’s leading power conglomerates, announced plans for an Initial Public Offering (IPO) to raise Rs. 16 billion, marking.
- September 4, 2024
Business
Deadline Approaches for Phasing Out Temporary VAT Registration in Sri Lanka
Sri Lanka is set to amend its Value Added Tax (VAT) Act to phase out temporary VAT registrations by the end of 2024,.
- September 4, 2024
Business
Inflation Drops to 0.5% in August 2024 as Prices Decline
Sri Lanka’s headline inflation, measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100), dropped sharply to 0.5% in.
- September 2, 2024
Business
Sri Lanka’s Spice Production Set to Grow: Challenges and Opportunities Ahead
Sri Lanka’s spice production is projected to grow steadily, increasing from 110,000 metric tons in 2023 to an estimated 121,000 metric tons by.
- August 30, 2024
Business
Port City Colombo Onboards 100+ Companies as Authorised Persons, Boosting Sri Lanka’s FDI Prospects
Port City Colombo has reached a key milestone, successfully onboarding over 100 companies as Authorised Persons (APs) by 24 August 2024. These companies.
- August 29, 2024
Business
Hambantota International Port Projects 50% Growth by Year-End
The Hambantota International Port (HIP) has achieved significant milestones in 2024, with a 40 percent increase in volumes to date. The port’s Commercial.
- August 26, 2024
Business
Australia’s United Petroleum to Launch Operations in Sri Lanka on August 28
Australia’s United Petroleum Pvt. Ltd. is set to begin operations in Sri Lanka on August 28 under the banner of United Petroleum Lanka..
- August 23, 2024
Business
Sri Lanka Awards Crude Oil Supply Contract to Vitol Asia (Singapore)
Sri Lanka’s Cabinet has approved a contract for the purchase of three shipments of Murban crude oil from November 15, 2024, to April.
- August 23, 2024
Business
Sri Lanka’s State Sugar Firms Struggle with Surplus Ethanol Amid Falling Legal Alcohol Demand
Sri Lanka’s state-owned sugar companies are facing a significant challenge with unsold ethanol, as demand for legal alcohol has plummeted following the country’s.
- August 22, 2024