Business
SLT Group half-year profit up 54% as broadband demand lifts revenue
SLT Group posted a Rs 6.6bn first-half profit, up 54%, as broadband demand lifted revenue and the company pushed fiber, 5G and AI.
Business
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Business
Suranjith Wewita appointed SLTDA Chairman
Suranjith Wewita has been named Chairman of the Sri Lanka Tourism Development Authority, filling the vacancy left by Buddhika Hewawasam's resignation.
Business
Small rice mills offered Rs. 25mn interest-free loans to buy Yala paddy
Mills with capacity up to 25 tonnes a day can borrow interest-free to buy paddy at guaranteed prices of Rs. 120 a kilo for Nadu and Rs. 130 for Samba.
Business
Rs. 11.56 billion August Aswesuma payment to be credited on Wednesday
The Welfare Benefits Board will credit more than Rs. 11.56 billion to over 1.2 million Aswesuma families on August 19, across the scheme's two phases.
Business
Four bank officials remanded over US$1bn Undiyal import racket
Four private bank officials arrested over a US$1bn illegal transfer racket were remanded until August 20 after a Colombo magistrate refused them bail.
Business
Central Bank Governor tells investors 'this is the time' to back Sri Lanka
Nandalal Weerasinghe told Bloomberg the economy is growing around 5% and can absorb oil shocks if crude stays near US$80 a barrel.
Business
Digital ticketing fast-tracked for national parks as jeep numbers climb
Deputy Minister Anton Jayakody has ordered digital ticketing and traffic controls for Minneriya and Kaudulla, where 400–600 safari jeeps enter daily.
Business
Fact-check: CBSL Governor's debt figures track a narrower measure than headline suggests
FactCheck.lk finds Nandalal Weerasinghe's claim that debt fell from 105% to 95% of GDP cites central government debt, not the broader public debt measure.
Business
Hemas buys 75% of Kenyan stationery maker Twiga for $16.2mn
Hemas Holdings has acquired a 75% stake in Kenya's Twiga Stationers & Printers for $16.2 million in its first international acquisition.
Business
Inland Revenue says 61% of Rs. 2,402bn tax target collected so far
IRD official Nandana Kumar says collections are up 16% on last year, with 1.2 million individual tax files now open and a 15% rate confirmed on service exports.
Business
No separate tax on remittances sent through banks, IRD says
Migrant workers face no tax simply for remitting earnings through the banking system, the Inland Revenue Department says; residency decides liability.
Business
Japan grants Rs. 591 million to train 15 Sri Lankan public sector officials
The JPY 282 million grant extends the JDS scholarship programme, which has sent 254 Sri Lankan officials to Japanese universities since 2010.
Business
Women appointed as NTC scheduler officers for the first time
Two of 18 newly recruited scheduler officers at the National Transport Commission are women — a first in the Commission's history.
Business
Buddhika Hewawasam resigns as SLTDA Chairman
Buddhika Hewawasam has resigned as Chairman of the Sri Lanka Tourism Development Authority, citing personal and professional reasons.
Business
Herath says vehicle import tax curbs will go once Middle East crisis ends
Minister Vijitha Herath told a Colombo motor show that tax restrictions on vehicle imports are temporary and tied to the Middle East conflict.
Business
Vietnam Airlines opens direct Ho Chi Minh City-Colombo route
The inaugural VN-671 flight landed at Katunayake late on Sunday with 164 passengers. The service will run three times a week on Sundays, Wednesdays and Fridays.
Business
Sri Lanka named in White House report on China tariff transshipment
A White House trade report lists Sri Lanka among Tier 3 economies and 'Southeast Asian Microhubs', without alleging any wrongdoing by Sri Lanka.
Business
Vehicle importers ask government to raise loan-to-value ratio to 60%
The Vehicle Importers Association wants the 40% loan-to-value ratio lifted to 50-60% if the 50% import duty surcharge extended to December cannot be removed.
Business
Agriculture Ministry prepares cultivation plan to protect food security under El Niño
Deputy Minister Namal Karunaratne says a cultivation plan and water-management measures are in place to prevent a food shortage as El Niño conditions persist.
Business
Australian investors commit to Sri Lankan projects in dairy, apparel recycling and 3D printing
Australian investors pledge dairy, apparel recycling, and 3D printing investments following Industry Minister's Victoria visit.
Business
Sri Lanka targets half its big onion needs from the Yala harvest
The Department of Agriculture wants the Yala harvest to cover half of the 320,000 tonnes of big onions Sri Lanka consumes each year.
Business
Bus association chief Gemunu Wijeratne files CID complaint over social media attacks
The LPBOA chairman says he faced defamatory comments online after questioning the Metro Bus project, and claims he proposed a similar scheme years ago.
Business
India supplies one in four of Sri Lanka's 1.43 million arrivals so far this year
SLTDA data to August 13 puts total arrivals at 1,436,926, with 358,608 Indian visitors — well ahead of the UK, China and Germany.
Business
Fisheries Minister pledges swift action on pirate attacks at sea
Ramalingam Chandrasekar told the Ampara district fisheries committee that Oluvil Port will also be developed with local and foreign investors.