Category: Industry
Industry Bodies Flag Gaps in Draft National Electricity Policy
The Ceylon Chamber of Commerce, together with the American Chamber of Commerce, Exporters Association of Sri Lanka, Federation of Renewable Energy Developers, Joint Apparel Association Forum, National Chamber of Commerce of Sri Lanka and Sri Lanka Association for Software and Services Companies, has submitted joint observations on the Draft National Electricity Policy, highlighting that several […]
Port City Colombo Secures USD 300 Mn FDI Commitment For Phase II Development
CHEC Port City Colombo (Pvt) Ltd., the primary developer of Port City Colombo, has pledged approximately US$300 million in foreign direct investment to advance Phase II of the Port City Colombo project, marking a significant investment commitment at the start of the New Year and reinforcing confidence in Sri Lanka’s long-term growth prospects. The investment […]
Hambantota International Port Records 175-pct Cargo Growth in 2025
Hambantota International Port (HIP) closed 2025 with a landmark performance, recording a 175% year-on-year increase in total cargo volumes despite what has been widely recognised as one of the most challenging years for the global port industry. HIP handled 8.24 million metric tonnes of cargo in 2025, up from 3.0 million metric tonnes in 2024, […]
Sri Lankan garment exports gain tariff-free access to UK from 01 January
Reforms to the UK’s Developing Countries Trading Scheme are now in force with liberalised trade rules taking effect from 1 January 2026. Manufacturers can now source up to 100% of materials globally while maintaining zero UK tariffs. Garment exports from Sri Lanka to the UK are expected to increase significantly under the new arrangements. Sri […]
ComBank & Mastercard launch SL’s first Dynamic Currency Conversion for online payments
As part of Commercial Bank of Ceylon’s sustained efforts to strengthen tourism-related businesses and improve convenience for foreign travellers, the Bank has partnered with Mastercard to introduce Sri Lanka’s first Dynamic Currency Conversion (DCC) capability for online payments, marking a significant milestone in the country’s digital payments landscape. Enabled via the Mastercard Payment Gateway Services […]
Nine Direct Flights to Bring Tourists from Moldova to Mattala This Winter, Says Former Ambassador
Vision Air has finalized plans to operate nine direct flights from Moldova to Mattala Rajapaksa International Airport (MRIA) this winter season, according to Udayanga Weeratunga, the former Sri Lankan Ambassador. According to him, this strategic flight schedule is expected to bring approximately 1,500 tourists to Sri Lanka. The first flight, designated as 4 V-5363, is […]
Trincomalee Power Company Invites Tenders for 50 MW Solar Project with Battery Storage in Sampur
Trincomalee Power Company Limited, which is 50% owned by the Ceylon Electricity Board and 50% owned by India’s NTPC, invites tenders for a 50 MW ground-mounted solar power plant to be constructed in the Sampur area of the Trincomalee District by the Sri Lanka Energy Company Limited (SLEC). The scope includes the entire process from […]
World Bank Group & Sri Lanka Partner to Improve Digital Services & Grow Digital Economy
The World Bank Board of Executive Directors today approved a $50 million project to support Sri Lanka’s digital transformation. The project will promote innovation and investment in Sri Lanka’s digital sector, modernize government services, and make them easier to access and more responsive to the needs of people and businesses. The Sri Lanka Digital Transformation Project will […]
Kaspersky reveals over 3.9m local malware incidents in Sri Lanka
As cyber threats continue to grow in scale globally, new data highlights that local malware infections remain a persistent risk for users in Sri Lanka. According to Kaspersky, which detected an average of half a million malicious files every day worldwide in 2025, offline infection vectors continue to contribute significantly to the regional threat landscape. […]
Lion Brewery reaffirms commitment to flood resilience and community support in Biyagama
Lion Brewery (Ceylon) PLC (Lion) reaffirmed its commitment to strengthening community partnerships through its flood response efforts and ongoing work to build long-term flood resilience and community support in Biyagama, home to the Company’s core operations. During the recent floods along the Kelani River, Lion supported the Biyagama community throughout the emergency response and recovery […]
Hambantota International Port Remains Fully Operational Despite Extreme Weather
As Sri Lanka experiences one of the worst flood situations recorded in its history, which has crippled national infrastructure and forced operations to suspend at the Port of Colombo, Hambantota International Port (HIP) has remained fully operational, reinforcing its strategic importance as the country’s second major commercial hub. Although Hambantota also faced heavy rains, it […]
Banks Association pledges strong support for economic revival
The Sri Lanka Banks Association (SLBA) in a meeting with the Governor of the Central Bank of Sri Lanka (CBSL) today pledged its fullest support to revive the country’s economy following the damage inflicted by Cyclone Ditwah. The banks represented by the Association stated that a detailed impact assessment has already been initiated across banks […]