April 29, 2024

4min0
The financing aims at supporting the company to keep providing financial services to the agricultural sector, especially via their agricultural machinery leasing product. Brussels, Belgium & Sri Jayawardenepura Kotte, Sri Lanka – 25 April 2024 – AgriFI, the EU funded Agriculture Financing Initiative, managed by EDFI Management Company, announced today a USD 3 million loan […]

March 20, 2024
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3min7
Contributing to the enrichment of Sri Lanka’s agriculture and strengthening the commitment to Environmental, Social and Governance (ESG), SLT-MOBITEL, the National ICT Solutions Provider, powered the 2nd phase of the Agri Saviya – Marketing Asseweduma initiative recently.     Aimed at transforming farmers into Agripreneur leaders of tomorrow, Agri Saviya acts as the lifeline in […]

February 27, 2024

14min5
In today’s “digital-first” world, industries globally are continually having to transform and adapt to maintain their competitive edge and meet customer expectations, reshaping the way we live, work and interact. From finance to agriculture, education to entertainment, the digital revolution has touched every aspect of our lives, presenting both challenges and opportunities for businesses across […]

February 15, 2024
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7min1
Minister of Agriculture Dr. Md. Abdus Shaheed said 3-4% foreign exchange is earned by exporting raw jute and jute products, which is worth US$ 1.20 billion. The jute sector contributes 1.4% to the country’s GDP and the jute sector contributes 26.26% to the agricultural GDP. Jute is the second most important fiber in the world after cotton. The Agriculture minister said […]

January 10, 2024
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4min2
10 January 2024, Colombo – The Food and Agriculture Organization of the United Nations (FAO) and the United States through the United States Agency for International Development (USAID) have partnered with the Sri Lanka Ministry of Agriculture in a (US) $9.2-million activity to continue revitalizing agriculture in Sri Lanka by enhancing paddy productivity, diversifying crops […]

January 9, 2024
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2min4
Malindu Dairy (Pvt) Ltd., a leading dairy product manufacturing company in Sri Lanka was honoured as Southern Province’s Best Entrepreneur in Agriculture, Livestock and Fisheries Category (Large Scale) by the National Enterprise Development Authority (NEDA). At a recent event organised by the NEDA in partnership with Hambatota District Chamber of Commerce (HDCC), Malindu Dairy’s Managing […]

December 22, 2023
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4min1
      On October 2019, Sri Lanka in partnership with the United Nations Environment Programme embraced the Colombo Declaration under the title Nitrogen for Life, adopted by 15 member states, to create roadmaps that will halve nitrogen waste by 2030. This was further reaffirmed when Sri Lanka with the support of the International Nitrogen […]

October 31, 2023

5min1
      Colombo, Sri Lanka November 2023 – Good Life X, a catalyst dedicated to fostering innovation and regeneration, together with GIZ Sri Lanka and the EU, hosted the Road to Regen Interchange Community Event recently at the picturesque and consciously minded, Barefoot Garden Cafe. The event celebrated the culmination of the ‘Road to […]

October 26, 2023

4min2
      DIMO, a leading diversified conglomerate in Sri Lanka, once again affirms its commitment towards innovation in agriculture with the launch of the country’s first boat tractor, the Bison through its agriculture arm, DIMO Agribusinesses. The Bison Boat Tractor stands out as the only tractor suitable for any paddy field. What sets this […]


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Lanka Business News is amongst the leading online Business News portals in Sri Lanka, unique for its focus on contemporary business news relevant across multiple industries operating in the country. We present not only the news, but a perspective based on observations and possible implications of a prevailing news item. LBN also provides an insight to the impact of a global economic or industrial development, thus helping stakeholders make informed and calculated decisions.




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