Business

Polestar Lanka Garments Invests $5.08 Million in Sri Lanka, Creating 679 Jobs

Polestar (Lanka) Garments Ltd, a subsidiary of China’s Lianfa Group, has signed a significant agreement with Sri Lanka’s Board of Investment (BOI) to.

  • April 30, 2025
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Economics

Belluna Marks 10 Years of Strategic Investment in Sri Lanka, Pledges Continued Commitment to Growth

Japanese multinational Belluna Co. Ltd. is celebrating a decade of sustained investment in Sri Lanka, reaffirming its dedication to long-term economic growth and.

  • April 24, 2025
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Finance

Ambeon Capital Secures $18 Million Foreign Loan from UK Firm

Ambeon Capital PLC has announced its decision to secure a loan of up to $18 million from AMCH Ltd., a company incorporated in.

  • March 24, 2025
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Finance

ACCA Sri Lanka Presents Budget Proposals for 2025 to Deputy Minister of Finance

The Association of Chartered Certified Accountants (ACCA) Sri Lanka recently submitted its comprehensive proposals for the 2025 National Budget to Deputy Minister of.

  • December 17, 2024
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Trade Relations

Foreign Investors Explore Investment Opportunities at Trincomalee and Hambantota Ports

As part of the Voyage Sri Lanka 2024 initiative, a group of 20 potential foreign investors from diverse countries, including India, Saudi Arabia,.

  • November 26, 2024
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International Economic Developments

Revival of Japanese Development Projects in Sri Lanka

As Sri Lanka approaches the completion of its debt restructuring process, optimism is rising for the resumption of long-stalled development initiatives. Eleven Japanese-funded.

  • October 7, 2024
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Stock Market

CSE’s Benchmark ASPI Turns Negative YTD for the First Time in 2024

The Colombo Stock Exchange (CSE) experienced a notable downturn yesterday as the All Share Price Index (ASPI) slipped to a negative Year-to-Date (YTD).

  • September 11, 2024
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Economics

Sri Lanka and Austria to Sign Convention on Preventing Double Taxation and Evasion

The Sri Lankan Cabinet of Ministers has approved a proposal by the Minister of Finance to sign a convention with Austria aimed at.

  • September 3, 2024
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Economics

Sri Lanka to Amend Controversial Strategic Development Projects Act by February 2025

Sri Lanka plans to amend its controversial Strategic Development Projects (SDP) Act by February 2025, according to Treasury Secretary Mahinda Siriwardana. The Act,.

  • August 20, 2024
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