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Women Entrepreneurs Finance Code report sheds light on credit accessibility for female entrepreneurs in Sri Lanka.
FINANCIAL CHRONICLE – As Sri Lanka continues to pursue its economic recovery and long-term growth strategy, enhancing financial access for women entrepreneurs is vital for fostering a more inclusive economy. The release of the inaugural annual report on the Women Entrepreneurs Finance Code signifies a pivotal advancement in bolstering financial opportunities and support for businesses…
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Deloitte Sri Lanka Leads the Way in Preparing Boards for the Future at the 2026 Director Summit
Deloitte Sri Lanka recently acted as the Strategic Partner for the Sri Lanka Corporate Director Summit 2026. This event, organized by the Sri Lanka Institute of Directors, took place at Cinnamon Grand Colombo and focused on pivotal discussions surrounding the enhancement of corporate governance and board leadership. The summit, themed “Future-Ready Sri Lankan Boards –…
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Raid Amazones makes a comeback as Sri Lanka prepares to host the esteemed event for the eighth time in November 2026.
FINANCIAL CHRONICLE – Sri Lanka is set to strengthen its reputation as a top destination for experiential travel as the renowned women-only adventure competition, Raid Amazones, makes its return to the island from November 2 to November 10, 2026, according to the event organizers. The competition will take place in the coastal region of Kalutara,…
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Fitch Upgrades Sri Lanka Insurance Corp General to CCC+, Subsequently Revokes Rating
Fitch Ratings, based in Sydney, has confirmed the ‘CCC+’ Insurer Financial Strength (IFS) Rating for Sri Lanka Insurance Corporation General Limited (SLIC General). In a related move, Fitch has decided to withdraw this IFS Rating. The reaffirmation of the rating underscores the company’s ‘Favourable’ profile and adequate capital resources, although these positives are tempered by…
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Sri Lanka’s 2026 Kite Festival Set to Elevate Tourism Ambitions
Sri Lanka is gearing up for a significant increase in tourist activity with the upcoming Derana Digital Colombo International Kite Festival 2026, which will feature 80 international kite flyers from 30 different nations, alongside more than 1,500 local participants. This year, the festival has transformed from a one-day event into an engaging week-long cultural and…
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Cinnamon unveils innovative AI-driven platform to enhance tourism in Colombo
FINANCIAL CHRONICLE – Cinnamon Hotels and Resorts has introduced a series of initiatives designed to enhance Colombo’s “soft power,” with the goal of establishing Sri Lanka’s capital as a prominent center for entertainment and tourism in the region. Dileep Mudadeniya, Senior Vice President of Global Alliances and Partnerships at John Keells Group, highlighted that Colombo…
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Sri Lanka’s SME Forum Aims to Enhance Financial Opportunities and Market Reach
FINANCIAL CHRONICLE – The National SME Forum 2026, known as Scale Up 2.0, aims to create a platform for small and medium enterprises (SMEs) to tackle significant challenges that hinder their growth, according to the event organizers. The Ceylon Chamber of Commerce is set to assist SMEs in navigating market access, adapting to changing business…
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Chamber report unveils prospects for Sri Lanka’s automotive industry.
FINANCIAL CHRONICLE – The Ceylon Chamber of Commerce has unveiled its Motor Vehicle Industry Report for 2025/26, which delves into the various challenges and opportunities confronting the sector as it navigates a revitalized import landscape, shifts in consumer behavior, advancements in technology, and a transforming regulatory framework. This report marks the first publication in six…
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Sri Lanka Set to Reopen Bidding for Dedduwa Tourism Development, Says Prime Minister
FINANCIAL CHRONICLE — The government of Sri Lanka is preparing to reissue Expressions of Interest (EOI) for the long-awaited Dedduwa Lake-Based Tourist Resort Development Project in Bentota, following the failure of previous investment proposals to meet financial criteria, as stated by Prime Minister Dr. Harini Amarasuriya during a parliamentary session. This initiative seeks to convert…
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Sri Lankan businesses commit to embracing commercial mediation to alleviate judicial delays.
FINANCIAL CHRONICLE – On August 4, a group of twenty prominent corporations in Sri Lanka committed to utilizing commercial mediation as their primary method for resolving disputes, amidst a significant backlog of 1.2 million cases in the judicial system. This initiative, spearheaded by the International ADR Center (IADRC) at Port City Colombo, aims to facilitate…
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Cochin Chamber of Commerce Investigates New Trade Prospects in Sri Lanka
FINANCIAL CHRONICLE – A delegation from the Cochin Chamber of Commerce and Industry (CCCI) in India made a visit to the Ceylon Chamber of Commerce today to investigate business prospects and enhance relationships within the private sector. The meeting served as an avenue for representatives from both chambers, along with business leaders, to share insights…
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Sri Lanka Sees a 1.7% Decrease in Tourist Arrivals for July
FINANCIAL CHRONICLE – According to official statistics, Sri Lanka experienced a decline of 1.7 percent in tourist arrivals for July 2026. The total number of visitors recorded during this month was 196,845, a decrease from 200,244 arrivals in July of the previous year. India maintained its position as the leading source of tourists, contributing 44,547…
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Sri Lanka’s 2026 Conference Aims to Unite Investors with Policymakers
FINANCIAL CHRONICLE – The Sri Lanka Economic & Investment Summit 2026 (SLEIS 2026) is set to commence with a panel discussion centered on investment opportunities, as announced by the organizers. This event, which is being hosted by The Ceylon Chamber of Commerce, aims to unite officials from both the public and private sectors. The inaugural…
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Fitch Ratings Reaffirms ‘AA-(lka)’ Rating for Sri Lanka’s People’s Bank
FINANCIAL CHRONICLE – Fitch Ratings has confirmed the National Long-Term Rating for People’s Bank of Sri Lanka at ‘AA-(lka)’ with a stable outlook, reflecting its robust financial position and the challenges posed by the country’s weak credit profile. The agency noted that the weak credit standing of the sovereign significantly impacts the bank’s operating environment…
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Sri Lanka stabilizes fuel costs amidst international challenges, offsetting diesel deficits.
FINANCIAL CHRONICLE – The government of Sri Lanka has opted to maintain the current domestic fuel prices for the upcoming month, despite incurring substantial losses on diesel, as ongoing global conflicts and shipping issues continue to escalate energy expenses. During a press conference to discuss fuel pricing, Shantha Rajakaruna, Chairman of the Ceylon Petroleum Corporation…