Sri Lanka’s coconut industry faces major setback as US slaps 30% tariff
The Ceylon Chamber of Coconut Industry (CCCI) has issued an urgent appeal to the Government of Sri Lanka in response to the United States’ decision to impose a 30% import tariff on coconut-based products from Sri Lanka, effective August 1, 2025. The move threatens to upend one of the country’s most valuable export sectors, which […]
JAAF statement on new US tariff announcement letter – July 2025
The announcement of a 30% reciprocal tariff by the U.S., scheduled to take effect from 1st August 2025, has raised significant concern within Sri Lanka’s apparel industry. As one of the country’s largest export earners, the sector relies heavily on access to the U.S. market, and such a steep increase threatens to erode competitiveness, particularly […]
Softlogic Life completes 100% acquisition of Allianz Life Insurance Lanka Limited
Softlogic Life Insurance PLC has successfully completed the acquisition of 100% of the shares of Allianz Life Insurance Lanka Limited (Life Business), following the receipt of regulatory approval from the Insurance Regulatory Commission of Sri Lanka (IRCSL). The transaction marks a significant milestone, following the initial announcement on 26th March 2025. Softlogic Life recorded Gross […]
DSI Samson Group Expands into Life Insurance Brokerage
Colombo, Sri Lanka, June 2025 – Samson Insurance Brokers (Pvt) Ltd (SIB), a subsidiary of DSI Samson Group – in a strategic move that reflects the growing need for comprehensive risk management services in Sri Lanka’s corporate landscape, announced its expansion of its portfolio to include life insurance brokering. This shift comes following the successful […]
FitsAir Strengthens Regional Network with Daily Dhaka Service
• The new schedule offers passengers greater flexibility and convenience, reinforcing FitsAir’s commitment to affordable, on-time regional travel. In response to strong demand and growing trade and tourism ties between Sri Lanka and Bangladesh, FitsAir is proud to announce that its Colombo–Dhaka service will operate daily from August 18, 2025. This strategic expansion follows a […]
Sri Lanka Unlocks New Market Opportunities with 15 Conformity Assessment Accreditations by SLAB
Sri Lanka Accreditation Board (SLAB), under the patronage of the Ministry of Trade, Commerce, Food Security and Cooperative Development, marked a significant milestone with the accreditation of 15 Conformity Assessment Bodies (CABs), bolstering Sri Lanka’s quality infrastructure and opening new avenues for international trade. Announced during SLAB’s 20th Anniversary held in conjunction with World Accreditation […]
Sampath Bank Launches Priority Reserve Appointment Banking for Exclusive, Queue-Free Services
Colombo, Sri Lanka, 3 July 2025 – Sampath Bank PLC has introduced Appointment Banking, a premium service that empowers the Bank’s most valued clients to take control of how and when they wish to be served, offering personalised attention, complete privacy, and a seamless, queue-free experience. This service is exclusively available to Priority Reserve and […]
Shantha Bandara Appointed President at SLCPI’s 64th Annual General Meeting
Colombo, June 27, 2025 — The Sri Lanka Chamber of the Pharmaceutical Industry (SLCPI) successfully held its 64th Annual General Meeting (AGM) on June 27, 2025, at the Cinnamon Grand Colombo. SLCPI serves as the apex representative body for over 60 member companies, comprising importers, manufacturers, distributors, and retailers, who collectively account for more than […]
Capital Trust named one of Sri Lanka’s most loved wealth management brands by LMD
Capital Trust Group has been recognised as one of Sri Lanka’s ‘Most Loved Wealth Management Brands’ in the LMD Brands Annual 2025, following an independent nationwide survey conducted by PepperCube Consultants. The ranking, based on brand affinity among LMD’s readership, reflects Capital Trust’s consistent performance, stakeholder trust, and strategic contribution to Sri Lanka’s economic landscape. […]
Dankotuwa Porcelain partners Kiros Hospitality to bring global-standard OS&E solutions to Sri Lanka
July 06, 2025: Dankotuwa Porcelain PLC, Sri Lanka’s leading name in luxurious and elegant porcelain tableware, has been appointed the exclusive Sri Lankan distributor for Kiros Hospitality. This landmark partnership marks a significant step forward in elevating operating supplies and equipment (OS&E) standards within the country’s fast-evolving hospitality industry. Through this collaboration, Dankotuwa Porcelain will […]
