Business Tribune.lk

03/12/2023

A meeting took place today (03) between President Ranil Wickremesinghe and Mr. Bill Gates. The encounter occurred during the United Nations Climate Change Conference (COP 28), held in Expo City, Dubai.

21/10/2023

Saddened to report the passing of a business luminary today. Lalith Kotelawala, former Chairman of Ceylinco Consolidated, has left an indelible mark on the business world. Our heartfelt condolences to his family and the entire business community.

Rest in peace Sir!
🌟 "

02/10/2023

Former President Donald Trump arrived in Manhattan state court for the first day of a trial that could decide the fate of him and his New York business empire. State Attorney General Letitia James is arguing a civil case alleging widespread fraud and inflated net worth.

02/10/2023

Former President Donald Trump arrived in Manhattan state court for the first day of a trial that could decide the fate of him and his New York business empire. State Attorney General Letitia James is arguing a civil case alleging widespread fraud and inflated net worth.

02/10/2023

23/09/2023

14/09/2023

01/06/2023

24/05/2023

Minister of Power and Energy, Kanchana Wijesekara, announced significant reductions in electricity tariffs from July 1st.

Tariff adjustments aim to benefit domestic consumers, religious places, and the hotel sector.

Domestic electricity tariffs will be reduced by 23 percent, alleviating financial burden and improving affordability for households.
Lower electricity costs for households can lead to increased disposable income and contribute to economic growth.

Religious places will also receive a 23 percent reduction in electricity tariffs to support their activities and reduce operational expenses.

Lower electricity costs enable religious places to allocate more resources to community services and maintenance.
The hotel sector will experience a substantial reduction of 40 percent in electricity tariffs.

This reduction provides a competitive advantage for hotels, allowing them to offer attractive rates to domestic and international tourists.

Lower operational costs contribute to the growth, sustainability, and investment in the hotel sector.

The government's commitment to affordable energy access and supporting key sectors is demonstrated through the implementation of reduced tariffs.

The adjustments benefit domestic consumers, religious places, and the hotel sector, contributing to economic development and improving the quality of life.

08/04/2023

“John Keells Group’s Generous Contribution of Rs. 100 Million Breathes New Life into Suwa Seriya Ambulance Service”

https://www.businesstribune.lk/business-news/john-keells-groups-generous-contribution-of-rs-100-million-breathes-new-life-into-suwa-seriya-ambulance-service/

The John Keells Group has signed an agreement to contribute Rs. 100 million towards the Suwa Seriya Foundation, which operates the Suwa Seriya Ambulance Service in Sri Lanka. The ambulance service, w

21/03/2023

Key Takeaways from the IMF-Sri Lanka deal https://www.businesstribune.lk/business-news/key-takeaways-from-the-imf-sri-lanka-deal/

The International Monetary Fund (IMF) approved a $3 billion loan program for Sri Lanka to support its economy and urged progress in debt restructuring talks between the nation and its creditors.

04/02/2023

Why Sri Lanka rejected Tim Draper’s proposal to use Bitcoin to fix the economy👇

https://www.businesstribune.lk/business-news/why-sri-lanka-rejected-tim-drapers-proposal-to-use-bitcoin-to-fix-the-economy/

Sri Lanka's Central Bank has rejected Tim Draper's proposal to use Bitcoin to fix the economy. Draper, a billionaire venture capitalist, was met with opposition from the Central Bank Governor Nandala

17/11/2022

No Demestic debt restructuring- SFM Shehan Semasinghe

https://www.businesstribune.lk/business-news/no-demestic-debt-restructuring-sfm-shehan-semasinghe/

State Minister of Finance Shehan Semasinghe says that the government has not made any decision to restructure domestic debt since negotiations are still ongoing with external bilateral and commercial

17/11/2022

LAUGFS Lubricants enters the Bangladesh market

https://www.businesstribune.lk/business-news/laugfs-lubricants-enters-the-bangladesh-market/

Home-grown lubricant manufacturer LAUGFS Lubricants has entered the Bangladesh market. LAUGFS Lubricants has a blending plant located in Sri Lanka and holds Original Equipment Manufacturer (OEM)