COLOMBO, August 15, 2025 (ePRESS) – Sri Lanka’s vehicle imports have jumped sharply since restrictions were eased in January 2025, but demand is expected to settle once the current surge driven by pent-up demand eases, the Central Bank said in its biannual Monetary Policy Report. With the policy change, imports of both personal and commercial…
Category Archives: Economy
COLOMBO, August 15, 2025 (ePRESS) – Abans Solar has launched Sri Lanka’s first-ever ‘Tiken Tika Pay’ hire purchase plan for solar photovoltaic (PV) systems, offering households and businesses the chance to switch to renewable energy with instalments starting at just Rs. 20,139 a month. The scheme allows customers to enjoy flexible payment options alongside access…
COLOMBO, August 15, 2025 (ePRESS) – The Sri Lanka Institute of Nanotechnology (SLINTEC) has achieved a major breakthrough with its Advanced Analytical Services Laboratory receiving ISO/IEC 17025:2017 accreditation from the Sri Lanka Accreditation Board (SLAB). The internationally recognised accreditation confirms the lab’s technical ability to carry out vital food safety tests demanded by both local…
COLOMBO, Aug 14 (ePRESS) – PickMe, Sri Lanka’s pioneering digital mobility platform, is stepping up investment in technology and innovation as it enters its second decade, Founder and CEO Jiffry Zulfer said at the company’s 10th anniversary celebrations. The home-grown brand is pouring resources into artificial intelligence to improve customer service, optimise routes and sharpen…
COLOMBO, Sri Lanka, August 14, 2025 (ePRESS) – The Chamber of Lankan Entrepreneurs (COYLE), together with the Japan External Trade Organization (JETRO), has launched the 2025 Sri Lankan Corporate Health & Productivity Awards (SLCHPA) at Shangri-La Colombo. The awards ceremony will take place on February 11 in Colombo, with Sampath Bank as the Principal Sponsor….
COLOMBO, Sri Lanka, Aug 14 (ePRESS) — Sri Lanka’s external sector remains stable despite a widening trade deficit, supported by strong tourism earnings, steady remittances, and healthy reserves backed by IMF assistance, the Monthly Economic Watch for August by First Capital Research said. The report noted that the economy expanded by 4.8% in the first…
COLOMBO, Sri Lanka, August 14, 2025 (ePRESS) – President Anura Kumara Dissanayake met senior leaders of Vietnam’s ROX Group at the Presidential Secretariat to discuss large-scale investment opportunities in Sri Lanka. The delegation was led by Tran Anh Tuan, Chairman of the Advisory Board of ROX Group and Chairman of the Maritime Commercial Joint Stock…
COLOMBO, Sri Lanka, Aug 13, 2025 (ePRESS) – Würth Lanka (Pvt) Ltd, a leader in Sri Lanka’s automotive aftermarket, has renewed its partnership with racing ace Ashan Silva, appointing him as its Brand and Product Ambassador for 2025/26. Silva, one of Sri Lanka’s most decorated racers, has enjoyed a stellar year, claiming victory in every…
COLOMBO, Sri Lanka, Aug 13 (ePRESS) – Sri Lanka’s export drive gained fresh momentum in the first half of 2025, with the Export Development Board (EDB) reporting total exports of USD 8.35 billion – a 6.88% year-on-year rise – as the country pushes towards its ambitious USD 36 billion annual target by 2030. The progress…
COLOMBO, Sri Lanka, Aug 13 (ePRESS) – Colombo Dockyard PLC (CDPLC) has delivered its eighth vessel in the 5,000 DWT Eco Bulk Carrier series to Misje Eco Bulk AS of Norway, marking another milestone in a long-term partnership that began in 2022. The vessel, named Misje Lily, was officially handed over recently, continuing a delivery…