September 11, 2024
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5min
Colombo, Sri Lanka, 11th September, 2024 — Port City Colombo announced that the two gazetted regulations, Offshore Banking and Offshore Banking — Prudent Management and Confidence, were officially passed by the Parliament of Sri Lanka on 4th September 2024. This milestone represents Port City Colombo’s ambitious aim to position itself as a formidable regional financial […]

May 3, 2024
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3min
There has been widespread media coverage following an announcement published in Gazette No. 2382/04 on the 30th of April about proposed wage increases for Tea Growing and Manufacturing Trade, and Rubber & Raw Rubber Manufacturing Trade, and subsequent remarks made by the President in a speech he delivered on the 1st of May at Kotagala to commemorate […]

April 17, 2023
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11min
      The Import and Export Sectors of Sri Lanka, which comprise the critical and crucial economic segments of Sri Lanka and which contribute to the country’s overall commercial activities, have been seriously affected by the recent action of the Minister of Ports and Shipping by introducing and implementing the gazette No.2321/62. The new […]

January 19, 2023
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14min
      ●     Market-friendly legislation should not be withdrawn under any circumstances unless the ministry wishes to make Sri Lankan exports non-competitive and increase the cost of living solely based on the urging of a few service providers supported by them ●     Withdrawal of Gazette Notification No 2041/10 dated 17th October 2017 will result […]

November 3, 2022
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3min
      2nd November 2022: The Extraordinary Gazette Notification 2303/24 dated 20th October 2022 amended the Licensing of Shipping Agents, Freight Forwarders, Non-vessel Operating Common Carriers and Container Operators Act No 10 of 1972. The amendments include a change in the existing structure of charges with maximum delivery order fees revised upwards for full […]

June 13, 2022
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5min
        (Colombo): Sri Lanka’s most comprehensive development regulations – the Development Control Regulations (DCR) – introduced by Port City Colombo, was gazetted recently and is now being enforced. An awareness program on the DCR conducted by the Colombo Port City Economic Commission was held at Port City Colombo, today (09). The DCR […]


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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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