Business

The Sri Lanka Agripreneurs’ Forum (SLAF) has recommended to Agriculture Minister Mahinda Amaraweera a 10-point proposal to improve access to food amid the country’s worst currency crisis in decades. The collapsing currency has pushed up the price of foods by...

The United States has issued travel guide lines to their citizens visiting Sri Lanka. Reissued with updates to the Travel Advisory Level. Exercise increased caution in Sri Lanka due to fuel and medicine shortages, civil unrest, and terrorism. Sri Lanka is experiencing shortages...

The National Chamber of Commerce of Sri Lanka, in collaboration with the Dhronacharya International Business Council India, will host a business-to-business (B2B) session for the Sri Lankan corporate/business community to explore trade and investment prospects in Sri Lanka on November...

Imtiaz Buhardeen, a high net worth investor, purchased a 10% interest in Asia Siyaka Commodities PLC through his Almas Holdings yesterday for Rs. 120.5 million. He purchased 26.27 million shares for Rs. 4.60 each. The majority of the shares came...

The Sri Lanka-IMF programme aims for a positive 2.3% primary deficit by 2025, compared to a negative 6% level in 2021. Dr. Nandalal Weerasinghe, Governor of the Central Bank, stated on Tuesday that the aim represents a 6% improvement. The...

The Free Trade Zone Manufacturers Association (FTZMA) has urged the government to extend the import licence for electric vehicles for foreign investors registered with the Board of Investment in order to increase "quality FDI." The FTZMA proposed in a letter...

Sampath Bank PLC recently formed a strategic alliance with Sri Lanka's National Chamber of Exporters (NCE). The Bank sponsors the prize for 'Ethical Trading Certification' as part of this engagement. The Bank was pleased to give the 'Ethical Trading Certification'...

The publisher of prominent business magazine LMD, Media Services, unveiled its top 12 line-up in the forthcoming LMD 100 special annual edition in an exclusive pre-publication release to the Daily FT. Expolanka tops the 29th edition of Sri Lanka's pioneering...

The garment industry maintained its momentum of a $500 million export haul for the third consecutive month in August, pushing the first eight months performance to around $4 billion. According to preliminary figures from the Joint Apparel Association Forum (JAAF),...

ACU Tea Factory situated in Madampe, managed by Udeni Liyanage, achieved an all-time record price under ACU Super selling mark at the weekly tea auction held on 20/21 September, by securing a significant price of Rs. 12,000 per kg for...