Port City Colombo Business Center

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,…

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CMA Sri Lanka Professional Excellence Awards

CMA Sri Lanka Honors Excellence in Business Management

As gatekeepers of professional standards, CMA Sri Lanka recently gathered the esteemed minds in the field of finance and management at the Cinnamon Grand for a momentous occasion. The inauguration of the National Management Accounting Conference 2023 underscored the emergent need for ‘Sustainability and Value Creation in an Economic Turmoil’. Alongside the conference, the Professional…

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Sri Lanka innovation growth

Sri Lanka’s Innovation Levers: IT & Biotech Growth

The island nation of Sri Lanka, historically known for its enchanting beauty and strategic maritime position, is charting a new course in economic transformation. At the crux of this journey lie the burgeoning sectors of Information Technology (IT) and biotechnology advancement, propelling the country towards innovation and global competitiveness. With continual efforts to bolster the…

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Sri Lanka Tourism Policy Enforcement

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…

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AN ASSESSMENT OF THE LOSS ARISING FROM THE BOND SCAM

AN ASSESSMENT OF THE LOSS ARISING FROM THE BOND SCAM

(I)  BACKGROUND TO THIS REPORT Over the past thirty two months, various inquiries, investigations and judicial processes in relation to Sri Lanka’s biggest-ever economic scandal, the Bond Scams of February 2015 and March 2016, have been carried out by different authorities. However, due to the complexity of this issue and the subsequent masterly cover-up attempt, the magnitude…

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Sri Lanka rejects fears of China’s ‘debt-trap diplomacy’ in belt and road projects

Sri Lanka rejects fears of China’s ‘debt-trap diplomacy’ in belt and road projects

Kodituwakku was speaking to the South China Morning Post at the Sri Lankan embassy in Beijing earlier this month, before the devastating Easter Sunday bombings, which have so far killed at least 290 people. Sri Lanka’s debts include loan repayments to individual nation lenders such as Japan and China, as well as to multilateral financial institutions like…

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srilankan-airlines-flight-london-diverted-frankfurt-due-medical-emergency

Sri Lankan Airlines flight from London diverted to Frankfurt due to medical emergency

SriLankan Airlines flight UL504 en-route from London to Colombo with 268 passengers was diverted to Frankfurt airport last night due to a medical emergency, the airline said. The fight has landed safely at Frankfurt International Airport in Germany. The airline in a travel alert said the most important factor was the health and safety of…

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Women Entrepreneurship Development in Sri Lanka

People’s Bank-IFC Boost for Women Entrepreneurs in Sri Lanka

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…

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Roger resigns from Wimal’s NFF

Roger resigns from Wimal’s NFF

Actor turned politician, Roger Seneviratne, who is also a councilor of the Western Provincial Council representing the National Freedom Front (NFF) led by MP Wimal Weerawansa, has handed his resignation from the party. Seneviratne in a latter dated June 1, 2018 addressed to party leader, MP Weerawansa has stated that he was resigning from the…

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PM requests President to remove State Minister Vijayakala Maheswara

PM requests President to remove State Minister Vijayakala Maheswaran from post over controversial statement

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…

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Innovative Thinking on SLTB Buses

Generating Business Ideas While on SLTB Buses

Generating Business Ideas While on SLTB Buses Undertaking a journey on Sri Lanka Transport Board (SLTB) buses isn’t just about transit from one destination to another; it’s become a dynamic environment for innovative thinking and business idea generation. Navigating through the bustling streets and serene landscapes of Sri Lanka, these state-owned buses harbor potential for…

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India-Sri Lanka solar and wind power partnership

India’s Reliability Surges Amid China Partnership Woes

As tensions and uncertainties cast a shadow over the India-China trade dynamics, the spotlight turns to India’s business reliability, positioning it firmly as a strategic partner within regional trade partnerships. Recent developments in South Asia bear witness to a significant transition in economic alliances, as exemplified by Sri Lanka’s strategic pivot towards Indian firms for…

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