The tourism sector in Sri Lanka is a cornerstone for the Sri Lanka economy, generating significant foreign exchange earnings and propelling the country’s financial stability. However, a rising concern among industry stakeholders has surfaced as foreign tourists increasingly partake in business ventures, a move seen to be at odds with existing tourism laws. Despite the…
In an endeavor to energize Sri Lanka’s business revival, the Central Bank has introduced pivotal MSME recovery regulations. These regulations are designed to facilitate the resurgence of micro, small, and medium enterprises (MSMEs) by instituting business revival units within licensed banks. Each unit will specialize in assisting economically distressed businesses, steering them towards a path…
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…
In a significant move to nurture the entrepreneurial spirit in Sri Lanka, People’s Bank has joined hands with the International Finance Corporation (IFC) to empower women entrepreneurs across the nation. This partnership stands as a testament to the enduring commitment of People’s Bank Sri Lanka and IFC towards the advancement of micro, small, and medium-sized…
As Sri Lanka’s corporate sphere eagerly approaches the most prestigious event of the year, the anticipation for the announcement of the National Business Excellence Awards 2024 reaches its peak. This eminent Corporate Awards Ceremony is poised to honor the most outstanding contributions to Sri Lankan Business Recognition, encapsulating the highest standards of Business Leadership and…
Amid Sri Lanka’s striving towards economic stability, VAT benefits emerge as a cornerstone of the proposed tax reform. With an eye on bolstering the tax-to-GDP ratio, crucial for robust fiscal health, the country considers amendments to its taxation framework. As part of the IMF stabilization program, Sri Lanka is urged to enhance its tax-to-GDP ratio,…
Anna-Marie Ondaatje will represent Sri Lanka in the Rythmic Gymnastics event, at the Asian Games 2018 in Jakarta, Indonesia. Ondaatje represented Sri Lanka previously at the Gold Coast 2018 Commonwealth Games, where she finished in 11th position out of 16 in the Women’s individual all round finals, and became the first Sri Lankan gymnast to ever…
Two foreigners drowned in two separate incidents in the seas off Koggala and Thalpe in Habaraduwa last morning (29), the Habaraduwa Police said. A Dutch woman who was rescued by the life guards when she was being pulled by the strong currents in the sea succumbed to serious injuries upon admission to Karapita Teaching Hospital….
Sri Lanka Prime Minister Ranil Wickremesinghe has expressed deep concern over the recent statement made by the State Minister of Child Affairs Vijayakala Maheswaran that the vanquished terrorist organization LTTE should be reorganized to curb rising crime in the North. Accordingly, the Prime Minister has asked the President to remove Vijayakala Maheswaran from the state…
The Ministry of Sustainable Development and Wildlife has taken measures to increase the legal punishment for the killing of tuskers. Minister Gamini Jayawickrama Perera said, officials of the Department of Wildlife and the Attorney General’s Department will meet day after tomorrow to discuss further on the matter. Four tuskers were killed in the recent past….
Jan 16, Colombo: Skeletal remains of 300 people and human bones have been unearthed as of today from the mass grave found in Mannar in Northern Sri Lanka after the grave area has been expanded for a second time since the excavations began on May 28 last year, Senior Judicial Medical Officer Shaminda Rajapaksa said….
Corporate ICT solutions have become the lifeblood of continued innovation and growth for Sri Lankan enterprises. Recognizing this essential factor, Dialog Axiata has emerged as a formidable ally to small and medium enterprises (SMEs) through its dedicated wing, Dialog Enterprise. A recent initiative called the ‘Future Proof Your Business Through Digital Transformation Exhibition’ was a…
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…
The prestigious spotlight of international finance has once again turned to Sri Lanka, illuminating the impressive strides made by the Commercial Bank of Ceylon in 2023. In a remarkable feat that underscores its unyielding commitment to progress and adaptability, ComBank seized not one, but two distinguished accolades: ‘Best SME Bank’ and ‘Most Innovative Digital Bank’…
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The Galle Literary Festival is an international literary festival held annually in Galle, Sri Lanka. In recent years the profile of the festival has increased substantially, with attendances by many internationally acclaimed and well-known writers, grabbing the eyes of international crowds attracting so many different people every year. The festival was founded in 2005 by…
Several new artifacts have been found from a recent excavation at the Sigiriya Rock Fortress and a statue of a lion made from terracotta was among them. The excavation is currently underway in the northern water conduit of the Sigiriya Rock Fortress, Director General of the Central Cultural Fund (CCF) Prof. Prishantha Gunawardena said. Several…
The landscape of logistics services in Sri Lanka is marked by the dynamic interplay of its vibrant import/export sector, robust freight forwarding capabilities, and ongoing efforts in trade facilitation. However, this environment is not without its trials, particularly when it comes to maintaining equitable terms of trade. In the realm of shipping and transportation, credit…
The best SEO Specialist Sri Lanka – Expert SEO Services Over 6.71 million people here are actively searching online every day. This creates a vibrant and competitive digital marketplace. For any company, being visible when these potential customers search is crucial. Modern search engine optimization has evolved far beyond simple keyword use. Today, it’s a…
Jan 22, Colombo: A research study published in Current Biology reports that the Sri Lankan elephants are scared of the sounds of honey bees and the honey bee colonies can be used to deter the elephants from roaming into villages and destroying the farmers’ cultivations. Playbacks of honey bee sounds have successfully been used for many years…
The stability and growth of the Sri Lanka economy often hinge on the dynamics of foreign investment and the ebb and flow of financial markets. Amidst fluctuating global investment patterns, Sri Lanka is experiencing a critical economic juncture, with foreign holdings in government securities dwindling. The descent of these investments below the significant threshold of…
Amid shifting global trade dynamics, a significant evolution is unfolding within India-China business relations. Tensions have heightened in the arena of international projects, with nations like Sri Lanka seeking partners typified by partnership stability. Sri Lanka’s decision to favor India over China for critical energy tenders exemplifies the changing landscape. This move away from Chinese…
Amidst the bustling capital of Sri Lanka, Port City Colombo emerges as a beacon of commercial development, set to redefine the urban landscape and signal a new era for business growth. At its heart lies the Business Center at Port City, a meticulously designed trade and finance nucleus poised to transform this vibrant island nation…
Amidst an ever-evolving economic landscape, the Asian Development Bank (ADB) has made a resolute commitment to stimulate economic development by providing a $100 million ADB loan extension to support SMEs in Sri Lanka. This initiative is poised to empower local enterprises, ensuring they have equitable access to financial growth opportunities essential for their expansion and…
The world of digital payments witnessed a transformative leap in Sri Lanka with the introduction of the Unified Payment Interface (UPI) facilitated by Dialog Genie Business. This leap not only engraved a significant milestone in the fintech landscape but also marked the expansion of a financial technology framework joining hands with a neighboring giant. As…