Business News (242)
SL women get job opportunities in South Korea’s fisheries sector
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Sri Lankan females have also now been provided with the opportunity to seek employment in South Korea’s fisheries sector, according to the SLBFE.
Tax Department exceeds target again collecting Rs. 902 bn by 1H 2024
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The Inland Revenue Department (IRD) of Sri Lanka surpassed its tax collection target for the second consecutive quarter in 2024, collecting Rs. 902 billion in the first half of the year, exceeding its target of Rs. 826 billion.
The Commercial Bank of Ceylon has emerged as the biggest supporter of the dreams of home builders in Sri Lanka, achieving market leadership in the ‘Home Loans’ sector.
The Maliban Group yesterday announced a significant leadership transition, with A.G. Kumudika Fernando being appointed as Chairperson of the Group.
A net profit of 93 billion rupees made by Sri Lanka’s state power utility the Ceylon Electricity Board was used to settle outstanding debt, the Minister of Power and Energy said.
Sri Lanka to finalize 10 mining investments under new regulation
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Sri Lanka is in the process of finalizing 10 mining companies which have been looking to invest in the island nation’s mining for a long time amid change in the mining regulation, State Investment Minister Dilum Amunugama said.
FPetronet LNG Limited and LTL Holdings Limited signed a MoU for LNG Infrastructure Development and LNG Supply
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Petronet LNG signed a MoU for LNG Infrastructure Development and LNG Supply
Sri Lanka’s central bank has bought 121 million US dollars from banks in July 2024, taking net purchases to 1.87 million US dollars in 2024.
The new luxury shuttle service which was recently launched to provide passenger transport services from the Bandaranaike International Airport (BIA) to the Colombo Fort Railway Station and the Multimodal Transport Centre (MMC) in Makumbura, has been temporally suspended effective from yesterday (August 19).
Sri Lanka’s passport issuance restricted amid e-passport transition
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Sri Lanka has temporarily restricted passport issuance as it has only around 44,200 ordinary passports in stock in anticipation of the rollout of e-passports, scheduled for October 2024.
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Jetstar Asia to launch low-cost direct flights from Singapore to Colombo
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Jetstar Asia Airways has announced it will become the only low-cost carrier to fly direct from Singapore to Colombo, Sri Lanka, as the new service takes off on 21 November 2024.
Oddamavadi 100 MW solar project sparks debate over high tariff
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Sri Lanka is set to commission a 100 MW solar power plant in Oddamawadi, Batticaloa, by next year amidst allegations of manipulations in power purchasing agreement with Ceylon Electricity Board (CEB).
Colombo Marina Development nominated as primary venture in Port City
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The Cabinet of Ministers on Monday approved the nomination of Colombo Marina Development Ltd., as a primary venture with strategic development status under the provisions of the Colombo Port City Economic Commission Act No. 11 of 2021.
Sri Lanka Tourism unveils Rs. 1.6 billion PR and digital campaign
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Sri Lanka Tourism unveils Rs. 1.6 billion PR and digital campaign to boost visitor numbers It has welcomed 26,889 tourists in the first four days of the month of August, according to the latest data issued by the Sri Lanka Tourism Development Authority (SLTDA).