June 28, 2024
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5min
The Commercial Bank of Ceylon won triple honours including two Golds at the Green Industry Awards 2024 presented by the Industrial Development Board (IDB) to recognize success stories in sustainability.     Sri Lanka’s first 100% carbon neutral bank, Commercial Bank was presented the Gold for ‘Low carbon and/or climate-resilient production’ for the positive impacts […]

June 10, 2024
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4min
Monday, 10th June 2024, COLOMBO; A vehicle parade of locally manufactured and assembled vehicles organized by the Industrial Development Board (IDB) along with the Ministry of Industries (MOI), Sri Lanka Automobile Component Manufacturers Association (SLACMA) and Automobile Assemblers Association will be held for the third time, through Galle Face, Lotus Roundabout , Fort, Technical Junction, […]

March 14, 2024
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5min
Unilever Sri Lanka and the Industrial Development Board (IDB) signed a three-year memorandum of understanding to uplift SMEs in Sri Lanka. This is a public private partnership between Unilever and the IDB to jointly support the growth and development of 20 Micro Small & Medium Scale entrepreneurs in Sri Lanka every year through the Industrial […]

January 9, 2024
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2min
UP Electronic Enterprises Pvt Ltd, a leading electrical engineering service provider in Sri Lanka, received a Bronze Award at the National Industry Excellence Awards, 2023 organised by the Industrial Development Board (IDB). The owner of the company, Upul Gunaratne Jayathilaka received the award at a ceremony held recently at the Nelum Pokuna Mahinda Rajapaksa Theatre […]

December 9, 2021
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5min
      The Hambantota International Port Group (HIPG) entered into a sublease agreement with the Industrial Development Board (IDB), to establish a smart Facilitation Centre at the Hambantota Maritime Center (HMC).  The new center will smoothen the path for foreign investors focused on establishing projects in the Southern Province. The agreement was signed by […]

July 10, 2020
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4min
People’s Bank has tied up with the Industrial Development Board (IDB) to initiate a programme to develop Micro, Small and Medium Enterprises (MSMEs) in the country. A special event to announce the partnership was organised at the People’s Bank Staff Training College recently. The event was graced by the presence of            Hon. Wimal Weerawansa – […]


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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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