Business News Archives - Page 5 of 52

Sri Lanka Risks Booking.com Exit amid new Tax, Threatening Tourism Recovery

CNL Reporter
August 10, 2025
Travel and Tourism
Booking.com
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NEWS OF THE DAY

Singer Sri Lanka Becomes Authorised Starlink Retailer

CNL Reporter
August 10, 2025
Business News, News
Starlink
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Singer Sri Lanka has been appointed the authorised retailer for SpaceX’s Starlink satellite internet service, offering high-speed, unlimited internet across the island, including remote and underserved areas.

Sri Lanka foreign reserves marginally up in July to US$6.1bn

CNL Reporter
August 9, 2025
Banking and Financial, Sports
Sri Lanka
0 Comments

Sri Lanka’s gross foreign reserves edged up by 64 million US dollars in July 2025 to 6,144 million US dollars,

Sri Lanka Tea Prices Edge Up in July but Lag Behind 2024 Levels

CNL Reporter
August 8, 2025
Business News, News
Sri Lanka Tea
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Sri Lanka’s tea industry, a cornerstone of the nation’s exports,

Sri Lankans Found Behind Alleged Illegal Foreign Tourist Businesses

Some businesses suspected of being illegally operated by foreigners—particularly Israeli nationals—are in fact registered under the names of Sri Lankans,

Sri Lanka Advances Poultry Exports to Singapore Following Key EDB-SFA Talks

CNL Reporter
August 7, 2025
Business News, News
EDB-SFA
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The Sri Lanka Export Development Board (EDB) on 1 August held a key meeting with a visiting delegation from the Singapore Food Agency (SFA) to review progress on Sri Lanka’s bid to export poultry products to Singapore.

Vogue Jewellers Opens First International Store in Melbourne

CNL Reporter
August 7, 2025
Business News, News
Melbourne
0 Comments

Vogue Jewellers, Sri Lanka’s leading jeweller since 1962, has opened its first international outlet at Westfield Fountain Gate in Melbourne, Australia.

Presidential Task Force to boost tourism development

CNL Reporter
August 7, 2025
Political, Travel and Tourism
Tourism
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The Cabinet of Ministers on Monday approved the establishment of a Presidential Task Force to drive the rapid and sustainable development of Sri Lanka’s tourism industry,

Colombo Stock Market makes history

The Colombo Stock Exchange (CSE) achieved a notable financial milestone yesterday, as its All Share Price Index (ASPI) reached the 20,000-point mark for the first time. This significant event occurred rapidly, just ten minutes into trading, and is recognized as a historic moment for Sri Lanka’s financial markets.

Chamber commends government on US Tariff cut

The Ceylon Chamber of Commerce has officially commended the Government of Sri Lanka and its national negotiation team for their successful efforts in securing a further reduction in the reciprocal tariff rate with the United States. This significant achievement sees the tariff rate on Sri Lankan exports reduced from 30% to 20%. Krishan Balendra, Chairperson of the Ceylon Chamber, remarked, …