Business News Archives - Page 9 of 52

Ritz-Carlton Reserve Heads to Pottuvil,Sri Lanka

Ventive Hospitality and Marriott International have announced plans to open seven new hotels across India and Sri Lanka, including a high-end Ritz-Carlton Reserve in Pottuvil on Sri Lanka’s east coast. The Pottuvil project stands out as Sri Lanka’s only Ritz-Carlton Reserve, featuring 73 luxury villas and 80 branded residences. Positioned near Yala East National Park and Arugam Bay, the resort …

Sri Lanka Revives Tourist VAT Refund Scheme to Boost Spending and Formal Retail Growth

CNL Reporter
July 8, 2025
News, Travel and Tourism
tourist
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NEWS OF THE DAY

Customs records over Rs. 1 Trillion in revenue in first six months of 2025

CNL Reporter
July 4, 2025
Business News, News
Customs
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Sri Lanka Customs has earned revenue exceeding Rs. 1 trillion (Rs. 1,000 billion) during the first six months of 2025, according to Media Spokesperson and Additional Director General of Customs Seevali Arukgoda.

Central Bank Rolls Out Landmark Drive to Boost Financial Literacy in Sri Lanka

In a major step towards empowering Sri Lankans with essential financial knowledge, the Central Bank of Sri Lanka (CBSL) on Wednesday launched a wide-ranging financial literacy initiative.

Sri Lanka wraps up debt restructure with Hungary

CNL Reporter
July 4, 2025
Banking and Financial, News
Sri Lanka
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Sri Lanka had signed agreements completing bilateral debt restructuring with Hungary, a Finance Ministry statement said.

AliExpress halts low-cost shipping to Sri Lanka amid tax reforms

CNL Reporter
July 4, 2025
Business News, News
AliExpress
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AliExpress has officially suspended several of its budget shipping options to Sri Lanka and Pakistan following the implementation of revised customs tax regulations by the respective authorities.