Sri Lanka - 3.6 Sri Lanka Additional Service Providers
Overview
For more information on company contact details, please see the following link: 4.11 Additional Services Contact List
Accommodation
The real estate sector in Sri Lanka has been experiencing steady growth in recent years due to factors such as increasing foreign investment, expanding tourism industry, and a growing middle class.
The sector encompasses a variety of properties, including residential, commercial, and industrial spaces, as well as land. One of the key drivers of the real estate sector in Sri Lanka is the government's emphasis on infrastructure development, particularly in urban areas. This has led to the construction of new highways, airports, and other transport links, making it easier for people to access and invest in properties.
In terms of residential properties, there is an abundance of properties to choose from, varying greatly in quality and price, from budget options to luxurious 5-star establishments. There has been a growing demand for luxury apartments and houses, particularly in Colombo and its surrounding areas. This demand is being driven by a growing middle class, as well as increasing numbers of expatriates and foreign investors.
It is recommended to access the following recognized sources to find safe and secure place to stay:
https://www.lankapropertyweb.com/
https://www.tripadvisor.com/SmartDeals-g293961-Sri_Lanka-Hotel-Deals.html
https://www.booking.com/country/lk.en-gb.html
Electricity and Power
Sri Lanka is self-sufficient with domestically produced energy. The country produces electricity using three main sources: thermal power, which includes coal and fuel oil, hydropower, and other alternative renewable energy sources such as solar and wind power. Although the electricity generation mix in Sri Lanka is dominated by thermal power plants, the government has been working to increase the share of renewable energy sources, particularly through the development of wind and solar power plants.
The Public Utilities Commission of Sri Lanka (PUCSL) is the regulatory body responsible for ensuring the safety, technical and economic regulations of Sri Lanka’s electricity and power industry. The PUCSL also serves as the designated regulator for the petroleum and water services industries.
Ceylon Electricity Board (CEB) is the largest electricity company in Sri Lanka and is responsible for overseeing the country's entire electricity and power sector. As a state-owned company, CEB is authorized to generate, transmit, and distribute electrical energy to all categories of consumers, and to collect revenue in accordance with the tariffs approved by PUCSL. The company has the following subsidiaries under its umbrella: Lanka Electricity Company (Pvt) Ltd (LECO), LTL Holdings (Pvt) Ltd, Lanka Coal (Pvt) Ltd, Sri Lanka Energies (Pvt) Ltd, and Trincomalee Power Company (Pvt) Ltd.
Besides CEB, there are several Individual Power Plants (IPPs) in Sri Lanka that have obtained the Generation license from PUCSL.
Electricity and Power Summary Table
|
Production Unit |
Type (Hydroelectric, Thermal, etc.) |
Installed Capacity (MW in 2021) |
Current Production (GWh in 2021) |
|---|---|---|---|
|
Ceylon Electricity Board (CEB) |
Hydroelectric, Thermal and Renewable |
3,040 |
12,711 |
|
Individual Power Plants (IPPs) |
Hydroelectric, Thermal and Renewable |
1,146 |
4,004 |
Financial Services
The financial system in Sri Lanka comprises the major financial institutions, namely the Central Bank of Sri Lanka (CBSL), Licensed Commercial Banks (LCBs), Licensed Specialised Banks (LSBs), Licensed Finance Companies (LFCs), Specialised Leasing Companies (SLCs), Primary Dealers (PDs), Pension and Provident Funds, Insurance Companies, Rural Banks, Stock Brokers, Securities Market Intermediaries, Unit Trusts and Thrift and Credit Co-operative Societies; the major financial markets, such as the Foreign Exchange Market, Money Market, Capital Market and the informal financial market; and the financial infrastructure which is the legal framework related to the financial system and the payment and settlement.
The Central Bank of Sri Lanka is the primary regulatory body for banks in Sri Lanka. It is responsible for maintaining financial stability, ensuring the safety and soundness of the banking system, and promoting monetary stability. The Central Bank of Sri Lanka sets and enforces regulations for all banks operating within the country, including the requirement for regular audits and reporting of financial information.
There are several major banks in Sri Lanka that operate under the regulations of the Central Bank. These include Bank of Ceylon, Commercial Bank of Ceylon, Hatton National Bank, People’ Bank, Sampath Bank, and National Development Bank. These banks offer a range of financial services such as savings accounts, loans, credit cards, and investment products. Additionally, there are also several international banks that have a presence in Sri Lanka, including HSBC, Standard Chartered Bank, and Citibank. These banks offer global banking services to individuals and businesses in Sri Lanka.
Central Bank of Sri Lanka
|
Company Name |
Central Bank of Sri Lanka (CBSL) |
|
|
Address |
Central Bank of Sri Lanka, P. O. Box 590, Colombo 01, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
CBCELKLS |
|
Provides currency exchange? |
No |
N/A |
|
Will initiate / receive wire transfers? |
No |
N/A |
|
Provides Loan / Credit services? |
No |
N/A |
|
Other Comments or Key Information |
N/A |
|
*Basic details for the main office should be shown here, additional contact details for local/regional offices and full contact details for the main office to be included in 4.11 Additional Services Contact List.
|
Other Locations |
|
|
Region(s) |
Service Location(s) |
|
Anuradhapura |
P O Box 2, Stage 1, Anuradhapura |
|
Matale |
805, Trincomalee Street, Mandandawala, Matale |
|
Matara |
P O Box 35, Anagarika Dharmapala Mw, Matara |
|
Trincomalee |
103, Post Office Road, Trincomalee |
|
Kilinochchi |
Ariviyal Nagar, Kilinochchi |
|
Nuwara Eliya |
84, Badulla Road, Nuwara Eliya |
Bank of Ceylon (BOC)
|
Company Overview |
||
|
Company Name |
Bank of Ceylon (BOC) |
|
|
Address |
Bank of Ceylon, No.1, BOC Square, Bank of Ceylon Mawatha, Colombo 01, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
BCEYLKLX |
|
Provides currency exchange? |
Yes |
N/A |
|
Will initiate / receive wire transfers? |
Yes |
N/A |
|
Provides Loan / Credit services? |
Yes |
N/A |
|
Other Comments or Key Information |
N/A |
|
Commercial Bank of Ceylon (COMB)
|
Company Overview |
||
|
Company Name |
Commercial Bank of Ceylon (COMB) |
|
|
Address |
Commercial House, No 21, Sir Razik Fareed Mawatha, P.O. Box 856, Colombo 01, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
CCEYLKLX |
|
Provides currency exchange? |
Yes |
N/A |
|
Will initiate / receive wire transfers? |
Yes |
N/A |
|
Provides Loan / Credit services? |
Yes |
N/A |
|
Other Comments or Key Information |
N/A |
|
Hatton National Bank (HNB)
|
Company Overview |
||
|
Company Name |
Hatton National Bank (HNB) |
|
|
Address |
Head of Customer Experience, Level 19, No. 479, T. B. Jayah Mawatha, Colombo 10, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
HBLILKLX |
|
Provides currency exchange? |
Yes |
N/A |
|
Will initiate / receive wire transfers? |
Yes |
N/A |
|
Provides Loan / Credit services? |
Yes |
N/A |
|
Other Comments or Key Information |
N/A |
|
People’s Bank (PB)
|
Company Overview |
||
|
Company Name |
People’s Bank (PB) |
|
|
Address |
No.75, Sir Chittampalam A. Gardiner Mawatha, Colombo 02, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
PSBKLKLX |
|
Provides currency exchange? |
Yes |
N/A |
|
Will initiate / receive wire transfers? |
Yes |
N/A |
|
Provides Loan / Credit services? |
Yes |
N/A |
|
Other Comments or Key Information |
N/A |
|
Sampath Bank
|
Company Overview |
||
|
Company Name |
Sampath Bank |
|
|
Address |
No.110. Sir James Peiris Mawatha, Colombo 02, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
BSAMLKLX |
|
Provides currency exchange? |
Yes |
N/A |
|
Will initiate / receive wire transfers? |
Yes |
N/A |
|
Provides Loan / Credit services? |
Yes |
N/A |
|
Other Comments or Key Information |
N/A |
|
National Development Bank (NDB Bank)
|
Company Overview |
||
|
Company Name |
National Development Bank (NDB Bank) |
|
|
Address |
No. 40, Navam Mawatha, Colombo 02, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
NDBSLKLX |
|
Provides currency exchange? |
Yes |
N/A |
|
Will initiate / receive wire transfers? |
Yes |
N/A |
|
Provides Loan / Credit services? |
Yes |
N/A |
|
Other Comments or Key Information |
N/A |
|
HSBC
|
Company Overview |
||
|
Company Name |
HSBC |
|
|
Address |
No. 1, 24 Sir Baron Jayatilaka Mawatha, Colombo 01, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
HSBCLKLX |
|
Provides currency exchange? |
Yes |
N/A |
|
Will initiate / receive wire transfers? |
Yes |
N/A |
|
Provides Loan / Credit services? |
Yes |
N/A |
|
Other Comments or Key Information |
N/A |
|
Standard Chartered Bank
|
Company Overview |
||
|
Company Name |
Standard Chartered Bank |
|
|
Address |
No. 37, York Street, Colombo 01, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
SCBLLKLX |
|
Provides currency exchange? |
Yes |
N/A |
|
Will initiate / receive wire transfers? |
Yes |
N/A |
|
Provides Loan / Credit services? |
Yes |
N/A |
|
Other Comments or Key Information |
N/A |
|
Citibank
|
Company Overview |
||
|
Company Name |
Citibank |
|
|
Address |
No. 65C, Dharmapala Mawatha, Colombo 07, Sri Lanka |
|
|
|
Available? |
Comments (max / min transfer or exchange amounts, etc.) |
|
Has IBAN, BIC, or SWIFT number? |
Yes |
CITILKLX |
|
Provides currency exchange? |
Yes |
N/A |
|
Will initiate / receive wire transfers? |
Yes |
N/A |
|
Provides Loan / Credit services? |
Yes |
N/A |
|
Other Comments or Key Information |
N/A |
|
Clearing and Forwarding Agents
Sri Lanka’s cleaning and forwarding market is regulated and overseen by the Sri Lanka Logistics & Freight Forwarders Association (SLFFA), which was established in 1981 to bring all freight forwarders and logistics providers under one umbrella and professionalize the trade. Today, the SLFFA is recognized as the apex body representing the industry by the government, relevant government agencies, and the trade. The SLFFA has over 150 leading freight forwarding and logistics companies in its membership, and two affiliated members, the Joint Apparel Association Forum (JAAF) and the Association of Clearing Forwarding Agents (ACFA).
Construction, Material Handling & Power Generation Equipment
In general, handling equipment suppliers in Sri Lanka are clustered in Colombo, the capital and a major commercial centre, as well as in other industrial and logistics hubs, including Hambantota, Galle, and Trincomalee.
Postal and Courier Services
Sri Lanka’s Postal and Courier Services are provided by Sri Lanka Post, the national postal operator in the country, which offers a range of domestic and international mailing options, including regular mail, registered mail, and express mail.
The following link provide access to further details, such as rates, weight, and tracking:
https://slpost.gov.lk/services/speed-post-courier-tracking/
Printing and Publishing
Printing and publishing companies in Sri Lanka are readily available throughout the country, with a concentration in major urban centres such as Colombo, Kandy, Galle, and Kurunegala.
Taxi Companies
Taxis play a vital role in Sri Lanka’s transportation sector, providing a range of services, including airport transfers, point-to-point transport, and private tours, to both locals and tourists. Taxis can be found in most urban areas throughout Sri Lanka, particularly in major cities such as Colombo, Kandy, and Galle. The market is competitive, with many local taxi operators and app-based ride-hailing services such as PickMe and Uber dominating the industry.
Additionally, tuk-tuks are readily available in the country and offer a convenient and affordable alternative to traditional taxis and public transportation.
Vehicle & Equipment Maintenance/Workshops
Equipment maintenance services in Sri Lanka are widely available across various sectors, ensuring reliable support for maintaining machinery and infrastructure. These services are regulated and monitored by several national associations, such as the Institute of Engineers Sri Lanka (IESL), which awards credentials enabling one to practice as a licensed engineer in the country. Additionally, provincial and local associations also play a role in overseeing maintenance services.
https://www.iesl.lk/index.php?lang=en
Vehicle Rental
The vehicle rental market in Sri Lanka offers a variety of options, from traditional car rental companies to online platforms and peer-to-peer services. Many international and local rental companies operate in the market, catering to both tourists and locals, with competitive rates and flexible rental terms.
Disclaimer: Inclusion of company information in the LCA does not imply any business relationship between the supplier and WFP / Logistics Cluster, and is used solely as a determinant of services, and capacities.
Please note: WFP / Logistics Cluster maintain complete impartiality and are not in a position to endorse, comment on any company's suitability as a reputable service provider.