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Six parties bid for port digitisation deal

Sri Lanka, June 6 -- Six parties have submitted bids for the much-awaited Port Community System (PCS), an initiative considered as a crucial step towards digitising port operations and a stepping ston... Read More


SVAT repeal expected to add Rs.191bn annually to VAT coffers

Sri Lanka, June 5 -- The upcoming repeal of the Simplified Value Added Tax (SVAT) regime is projected to significantly bolster Sri Lanka's Value Added Tax (VAT) revenue, with an estimated additional R... Read More


Colombo Port transshipment decline enters 4th month; April dips 5.8%

Sri Lanka, June 5 -- The Port of Colombo's transshipment volumes recorded a 5.8 percent year-on-year (YoY) decline in April 2025, reaching 495,456 twenty-foot equivalent units (TEUs), marking the four... Read More


Sri Lanka to unveil AI legislative roadmap in coming months

Sri Lanka, May 22 -- Sri Lanka is set to release a comprehensive white paper outlining its legislative roadmap for artificial intelligence (AI) within the next two to three months, according to AI Adv... Read More


Tourist arrivals surge early May reaching 32% of 2025 target

Srilanka, May 16 -- Sri Lanka's tourism sector showed improved growth in tourist arrivals in the first 13 days of May 2025, with an expansion of 21.53 percent year-on-year (YoY) compared to the same p... Read More


MBSL sets ambitious target to grow balance sheet to Rs.50bn by 2026

Srilanka, May 15 -- Merchant Bank of Sri Lanka & Finance PLC (MBSL), a subsidiary of Bank of Ceylon, has set an ambitious objective to increase its balance sheet to Rs.50 billion by 2026, following a ... Read More


Increase in MDR for QR code transactions, a step backwards: expert cautions

Srilanka, May 15 -- A recent decision by the Central Bank (CB) to double the Merchant Discount Rate (MDR) for QR code transactions, raising it from 0.5 percent to 1 percent, has ignited strong critici... Read More


SriLankan eyes five new aircraft including two narrow-bodies by 2026

Srilanka, May 14 -- Sri Lanka's loss-making national carrier, SriLankan Airlines, plans to add five new aircraft including two narrow-body planes to its fleet by March 2026, according to a top company... Read More


Asus' Sri Lanka market share hits 40%

Srilanka, May 14 -- Asus and Republic of Gamers (ROG) Sri Lanka recently launched their latest computing innovations, including the world's lightest Copilot+ PC, Asus Zenbook S 14 and next-gen ROG Str... Read More


Sri Lanka nears 900,000 tourist arrivals

Srilanka, May 5 -- Sri Lanka's tourism sector is nearing the 900,000 arrival mark for the year, with 896,884 tourists recorded by the end of April 2025. However, this figure trails the Sri Lanka Touri... Read More