COLOMBO, Sri Lanka, August 3, 2025 (ePRESS) – The Commercial Bank of Ceylon has once again earned global recognition, becoming the only Sri Lankan bank to be ranked among the world’s Top 1000 Banks by The Banker magazine for the 13th time. Ranked 931st in the 2025 edition, Commercial Bank has retained its place as…
Category Archives: Economy
COLOMBO, Sri Lanka, August 3, 2025 (ePRESS) – CEAT, the top-selling tyre brand in Sri Lanka, has once again proven its dominance by being named the country’s Most Valuable Tyre Brand for 2025, according to the latest Brand Finance Lanka rankings. The report, released by Brand Finance – a leading global brand valuation consultancy –…
COLOMBO, Sri Lanka, August 3, 2025 (ePRESS) – Sri Lanka’s tourism industry saw a strong rebound in July 2025, with monthly arrivals crossing the 200,000 mark once again after three slower months. According to official figures, the country welcomed 200,244 visitors in July – an 8% rise compared to July last year. This growth ends a…
COLOMBO, Sri Lanka, August 3, 2025 (ePRESS) – Global casino giant Melco Resorts & Entertainment Ltd. opened its first South Asian property in Colombo this week, with Chairman Lawrence Ho declaring Sri Lanka could become “India’s Macau” — a booming gaming and tourism destination for Indian travellers. The $1.2 billion City of Dreams Sri Lanka…
COLOMBO, Sri Lanka, August 1, 2025 (ePRESS) – Amana Bank, Sri Lanka’s pioneering non-interest-based Islamic commercial bank, celebrated its 14th anniversary on August 1, 2025, marking a significant milestone in its journey since its inception in 2011. Starting with a limited branch network, Amana Bank has grown rapidly, now serving over 500,000 customers across 68 locations,…
COLOMBO, Sri Lanka, August 1, 2025 (ePRESS) – The Federation of Information Technology (FITIS) unveiled its strategic plan to help Sri Lanka reach its goal of building a $15 billion digital economy by 2030. At a special media event on Wednesday, FITIS Chairman Dr. Dayan Rajapakse outlined the steps needed to achieve this ambitious target. Sri…
COLOMBO, Sri Lanka, August 1, 2025 (ePRESS) – The Exporters’ Association of Sri Lanka on Friday welcomed a major breakthrough in trade talks with the United States, after Washington slashed import tariffs on Sri Lankan goods to 20 percent. Calling the development a “timely and much-needed boost,” the association said the tariff reduction would make Sri…
COLOMBO, Sri Lanka, August 1, 2025 (ePRESS) – Laugfs Gas announced on Friday that it will not change the price of domestic gas cylinder refills in August, providing some relief to Sri Lankan households facing high living costs. The current retail price of a 12.5kg domestic gas cylinder remains at Rs. 4,100, while the 5kg cylinder…
COLOMBO, Sri Lanka, August 1, 2025 (ePRESS) – Sri Lanka’s export sector received a major boost as the United States further reduced tariffs on Sri Lankan goods from 30% to 20%, the Ministry of Finance announced at a press conference in Colombo on Friday. “This is a remarkable step forward,” said Dr. Harshana Suriyapperuma, Secretary…
COLOMBO, Sri Lanka, July 18, (ePRESS) – WEBXPAY, Sri Lanka’s leading digital-finance innovator, announced the appointment of Mr. A. A. M. Thassim, the former Deputy Governor of the Central Bank of Sri Lanka (CBSL), as a Non-Executive Director. This strategic move aims to enhance the company’s governance and regulatory framework as it continues its transition…