Business and Economy

Secretary to the Ministry of Finance Dr. Harshana Suriyapperuma said the Government hopes to reduce the pressure on the current tax payers and focus on reducing tax rates. He made this statement while issuing a special congratulatory message on the 94th anniversary of the Department of Inland Revenue. The SecretaryContinue Reading

HNB Assurance recently celebrated the completion of the Certified Sales Manager Programme, conducted in collaboration with the Sri Lanka Institute of Marketing (SLIM), marking a significant milestone in the professional development of its sales leadership team. Initiated for the sales management of the Partnership Channel of HNB Assurance, this programmeContinue Reading

The National Packaging Centre (NPC) of the Sri Lanka Export Development Board (EDB) recently conducted an awareness workshop on “Packaging strategies for   Spices” for exporters and potential exporters, with the aim of enhancing their knowledge on packaging solutions that meet both local and international market standards. Over 65 exporters andContinue Reading

Sri Lanka’s tourism industry should pivot towards attracting high-spending visitors through a structured national programme, a leading hotel industry official said, highlighting the potential to significantly increase foreign exchange earnings. Arshed Refai, General Manager of ‘Sun Siyam’ Pasikudah, a hotel run under the Maldivian based luxury hotel chain, stressed theContinue Reading

The Central Bank of Sri Lanka (CBSL) states that the increase in transportation costs can be considered as a major reason for the increase in inflation this year (2026). According to data compiled by the Department of Census and Statistics, the CBSL announces that the headline inflation measured by theContinue Reading

Hambantota, Sri Lanka – As Sri Lanka continues its resurgence as one of Asia’s most compelling travel destinations, Shangri-La Hambantota Golf Resort & Spa is emerging as a defining force in positioning the island as a premier destination for international weddings — where scale, setting, and storytelling converge. This visionContinue Reading

National Development Bank PLC (NDB) has been named Sri Lanka’s Best Trade Finance Bank at the Euromoney Awards for Excellence 2026, securing the #1 overall domestic ranking among local banks. This recognition determined through votes from corporate clients underscores the confidence placed in NDB by businesses across the country andContinue Reading

Associated Motorways (Private) Limited (AMW), a member of the Al-Futtaim Group, celebrated a key milestone with the grand opening of its new showroom in Negombo, located at No. 262, Chilaw Road, Negombo. The inauguration was attended by AMW’s senior leadership, valued customers, business partners, local officials, and other distinguished guests.Continue Reading

Sun Siyam Pasikudah, the boutique luxury resort that earned the Tripadvisor Travellers’ Choice Best of the Best award in 2025 and was named the Best Global Hotel Design winner at the Homes & Gardens Design Awards 2025, celebrated International Women’s Day on March 8, with a full programme of experiencesContinue Reading