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Sinhala

Fake Basmati floods market amid rising rice imports

  • CNL Reporter
  • January 10, 2025
  • Business News
  • Fake Basmati floods market amid rising rice imports
  • 0 Comments

Consumer protection activists have uncovered a concerning case of fraud in Sri Lanka’s rice import trade, where certain individuals exploit government-granted import permits to deceive consumers.

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Sri Lankan companies urged to seize multiple opportunities in Maldives

  • CNL Reporter
  • January 10, 2025
  • Investment
  • Sri Lankan companies urged to seize multiple opportunities in Maldives
  • 0 Comments

The Sri Lanka -Maldives Business Council of the Ceylon Chamber of Commerce this week highlighted numerous opportunities in the Maldives for the Sri Lankan companies in sectors such as logistics, tourism, agriculture, boat construction, fishery and construction.

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Govt to stop Foreigners on tourist Visas doing business in Sri Lanka

  • CNL Reporter
  • January 9, 2025
  • Business News
  • Govt to stop Foreigners on tourist Visas doing business in Sri Lanka
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The government will formulate a mechanism to stop foreigners who engage in business activities while on tourist visas, Prime Minister Harini Amarasuriya said.

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New regulations proposed for ‘Undial’ and ‘Hawala’ systems

  • CNL Reporter
  • January 9, 2025
  • Banking and Financial
  • New regulations proposed for ‘Undial’ and ‘Hawala’ systems
  • 0 Comments

The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka. He made this statement while presenting several proposals in Parliament yesterday (08).

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Central bank to focus on stronger economic crisis recovery in 2025

  • CNL Reporter
  • January 9, 2025
  • Banking and Financial
  • Central bank to focus on stronger economic crisis recovery in 2025
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Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growth of 5% in 2024, the highest in seven years, its central bank chief said on Wednesday, hoping to accelerate a rebound from its worst financial crisis in decades.

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Govt launches strategic initiative for commercialization of R&D

  • CNL Reporter
  • January 9, 2025
  • Business News
  • Govt launches strategic initiative for commercialization of R&D
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Sri Lanka is set enhance its position in the global market through a robust new product development strategy, which will also create new market opportunities, President Anura Kumara Disanayake emphasized.

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Harsha proposes new regulations for ‘Undial’ and ‘Hawala’ systems

  • CNL Reporter
  • January 8, 2025
  • Banking and Financial
  • Harsha proposes new regulations for ‘Undial’ and ‘Hawala’ systems
  • 0 Comments

The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka.

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TRCSL approves tariff plans for ‘Starlink’

  • CNL Reporter
  • January 8, 2025
  • Investment
  • TRCSL approves tariff plans for ‘Starlink’
  • 0 Comments

The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has approved the tariff plans for ‘Starlink’ satellite broadband services to be implemented through ‘Starlink’ Lanka (Private) Ltd.

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Colombo City Marina: A New Icon in Sri Lanka’s Business Hub

  • CNL Reporter
  • January 7, 2025
  • Business News
  • Colombo City Marina
  • 0 Comments

Business News of the Day

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Sri Lanka Tyre Import Controls Face Public Backlash

  • CNL Reporter
  • January 7, 2025
  • Business News
  • Sri Lanka Tyre Import Controls Face Public Backlash
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Sri Lanka’s Trade Minister, Wasantha Samarasinghe, faced backlash after revealing a request from local tyre manufacturers to impose further import controls.

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