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Sri Lanka Budget Openness, amongst lowest ranked countries in South Asia
Sri Lanka’s budget openness in the latest survey has scored 44 out of 100, coming in next to last in South Asia, tied with Pakistan. Open Budget Survey, which scores 115 countries on the openness of their budget process, is the world’s only independent assessment of information disclosure in public budgets. The recent assessments of…
SriLankan Airlines Achieves Highest Ever Monthly Revenue in December
SriLankan Airlines, the national carrier of Sri Lanka and a member of the oneworld alliance, achieved the highest ever monthly revenue in Company history in December 2017. The air-transport operation of the Company recorded a stand-alone revenue of US Dollar 100.1 million – the first instance in the 38-year history of the airline where monthly…
Growth of Digital Marketing In Sri Lanka
Back in the times of classic advertising, you needed to be concerned about digital marketing impressions and total return on investment (ROI) of your efforts, optimizing your job according to your limited funds and the limited options available. Technology has forced us to believe Digital and proceed for internet advertising, where new metrics have been…
Business Center at Port City | Sri Lanka Hub
Amidst the vibrant economic landscape of Sri Lanka, Port City Colombo emerges as a powerhouse for entrepreneurs and businesses, establishing itself as a premier Sri Lanka business hub. With its comprehensive corporate services and unparalleled investment opportunities, this beacon of commerce stands tall, heralding a new chapter in the island’s economic development. The Business Center,…
Business Alliance: Avoid English Bank Forms in Sri Lanka
The Sri Lanka United National Businesses Alliance (SLUNBA), advocates for secure transactions within the Sri Lanka banking sector, has been actively recommending the utilization of Sinhala agreement forms. This initiative is especially pertinent for SME banking in Sri Lanka, where a significant portion of entrepreneurs may not be proficient in English. SLUNBA’s latest campaign encourages…
Diana Urges Fast Measures Against Visitor Business DEALINGS
Addressing an important Parliamentary session on March 20th, Sri Lanka’s State Tourism Minister, Diana Gamage, advocated for stronger enforcement of visitor visa regulations, and a decisive business activity crackdown. Her statement highlighted the urgent need for tourism policy enforcement to bolster Sri Lanka economic protection, especially in the Southern Province, where local enterprises have been…
Prime Office Solutions at Business Center at Port City
The landscape of Sri Lanka’s corporate offices is undergoing a transformative shift with the establishment of the Port City Business Center. This innovative business hub marks a new era in modern professionalism, offering prime office space that caters to the demands of discerning businesses, both local and international. Situated in the heart of Sri Lanka’s…
Last year 183 ships arrive at Sri Lanka’s Hambantota port
Sri Lanka’s Ministry of Shipping and Ports says last year 183 ships arrived at the Magampura Mahinda Rajapaksha Port in Hambantota Port. Out of these ships, 175 ships were cargo ships. In 2017, 126,514 tonnes have been unloaded at the Magam Ruhunupura Mahinda Rajapaksa Port and 46,835 tonnes have been shipped from the Port. The…
Ward Place closed due to students’ protest
Ward Place in Colombo has been closed for traffic from Town Hall due to a protest by university students, Ada Derana reporter said. The Inter University Students’ Federation (IUSF) organised the protest march in Colombo today (21), demanding solutions for the issues of South Eastern University students. The agitation is also against the recent statements…
Moon-Chan Kim in seek of commercial opportunities in Sri Lanka
Mr. Moon Chan Kim the Co-founder and technical adviser of E&D Co., Ltd, a company which provides environment and energy technology solutions. Its products include EnDsel-PF, a device that reduces the particulate matter, carbon monoxide, and hydrocarbon emissions from diesel vehicles; and EnDsel-PPF, a solution for emission control from light and medium duty diesel vehicles. He…
Small Businesses Drive Sri Lanka’s Economic Revival
The heart of Sri Lanka’s economic recovery beats in the resilience of its small businesses. Amidst ongoing financial crises and the aftermath of a global pandemic, small businesses in Sri Lanka are emerging as crucial players in igniting SME growth and bolstering post-Covid-19 economic resilience. Considering the dynamic landscape of Sri Lanka economic challenges, it…