October 3, 2024
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3min
MillenniumIT ESP, leading Enterprise Solutions Provider in Sri Lanka, recently marked a significant milestone in its growth journey with the establishment of its Global Service Delivery Centre at Port City Colombo. This new centre, registered under the company’s subsidiary, Millennium IT ESP Singapore, will serve as the primary hub for delivering solutions to its growing […]

August 28, 2024
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4min
Colombo, Sri Lanka, 29th August 2024 — Port City Colombo has achieved a significant milestone, on-boarding 100+ companies as Authorised Persons (AP’s), as of August 24th, 2024. These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, Finance, Professional Services, Shipping, Logistics, Tourism, Healthcare, Real Estate […]

April 30, 2024
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3min
Colombo, Sri Lanka, 29th April, 2024 – In a significant move towards attracting export-oriented businesses to Port City Colombo, CHEC Port City Colombo (Pvt) Ltd, the primary developer of the project, recently entered into a partnership with the Sri Lanka Export Development Board (SLEDB). A memorandum of understanding (MoU) was signed between the two parties […]

March 28, 2024
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2min
Sysco LABS recently concluded its inaugural Tribal Karting Tournament held at the SpeedBay Circuit – Colombo Port City. The event showcased 8 tribes battling it out on the track for 3 exhilarating rounds of racing, culminating in a thrilling finale where the Florida Falcons emerged as undisputed champions, with the Texas Tigers and Ohio Orcas […]

December 13, 2023
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4min
    Sri Lanka’s largest private sector bank, the Commercial Bank of Ceylon PLC was recently issued an Authorised Person (AP) license to offer offshore banking services within the Colombo Port City, the 269-hectare special economic zone (SEZ), tasked with establishing a premier multi-currency international business and financial services hub that will transform the country’s […]

December 8, 2023
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4min
      Authorised Persons (AP) License & Certificate of Registration as an Off-shore Company were ceremonially handed over Colombo, Sri Lanka – December ,7 2023: Sampath Bank PLC, the trailblazer in banking industry of Sri Lanka proudly announced their first step in getting qualified as an Authorised Person and to be permitted to engage […]

November 10, 2023
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4min
      “Invest Sri Lanka – Retire Sri Lanka” – an event focused on attracting investment to Sri Lanka was held in Singapore, recently. The event served as the backdrop for the signing of a Memorandum of Understanding (MoU), between Port City Colombo and the Singapore Sri Lanka Business Association. “Invest Sri Lanka – […]


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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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