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Ceylon Graphite Enters into Strategic Partnership with Sri Lanka’s LOLC to Capture Global Battery Anode Market

Sri Lanka’s diversified Conglomerate LOLC Holdings PLC has entered into MOU with Vancouver-based Ceylon Graphite Corp. to jointly develop at least three new graphite mines and to set up a…

United States Provides $75 million to NDB Bank to Strengthen Sri Lankan Small and Medium Businesses

The United States is providing a welcome boost to Small and Medium Enterprises (SME) in Sri Lanka struggling with the impact of the pandemic.  The U.S. International Development Finance Corporation…

Ceylon Chamber welcomes acceleration of vaccine drive

The Ceylon Chamber of Commerce commends the efforts taken by the President, Ministry of Health, and other relevant authorities to accelerate the process of vaccinating the population of Sri Lanka…

Sri Lanka extends forex restrictions on capital flight by six months

The government has extended suspensions/restrictions on capital forex outflows (outward remittances) by six months with effect from the 2nd of July this year to preserve the country’s shrinking FX reserves.…

A surging crisis in Sri Lanka: A new wave of COVID-19 is causing chaos

By Jeevethan Selvachandran Over the last few months, the world has watched India struggle through an unimaginable COVID-19 situation – over the first half of 2021, the pandemic’s second wave wreaked havoc…

Vish Govindasamy takes over as the new Chairman of the Ceylon Chamber of Commerce

The Ceylon Chamber of Commerce elected Vish Govindasamy as its Chairman during the Chamber’s 182nd Annual General Meeting on Tuesday (29). He succeeds Dr. Hans Wijayasuriya who completed his 2-Year Term as…

Sri Lanka expects $250 million to its dwindling FX Reserves from Bangladesh in Crucial July

The Central Bank of Sri Lanka is expecting a $250 million boost from its dwindling foreign exchnage reservers from the Bangladesh Bank in July. “Inflows expected to the Central Bank…

Sri Lanka and IFAD partners to launch $42.7M project to reduce poverty and increase food security in the face of climate change

The International Fund for Agricultural Development (IFAD) together with the Government of Sri Lanka last week signed a financial agreement to launch the Smallholder Agribusiness and Resilience Project (SARP). The…

The Ceylon Chamber of Commerce to conduct the National SME Forum 2021

In an effort to support all players in the SME Eco-system, the Ceylon Chamber of Commerce has organized a National SME Forum in collaboration with public, private, and Non-Governmental sector…

IFC’s Investment in Sunshine Holdings to Help Diversify Business Operations in Sri Lanka, Drive Efficiency

Consumers in Sri Lanka are set to benefit from a  new $5 million investment by International Finance Corporation (IFC) to Sunshine Consumer Lanka Ltd, a subsidiary of Sunshine Holdings PLC…