The Arugam Bay Girls Surfing Club in Sri Lanka is making waves, literally! The all-female surf club is shattering the stereotype that certain sports are meant only for men, and has become the country’s first officially-registered female surf club. The club’s president, Shamali Sanjaya is a 30-year-old mother from Arugam Bay. She organises beach cleanups and…
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…
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…
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…
The Department of Registration of persons has facilitated a one-day service for students sitting for the upcoming Ordinary Level Examinations to obtain their ID cards. Commissioner General Viyani Gunathilake said that IDs could be obtained at the main office of the department on November 25. The Commissioner General notes that the ID card need not…
COLOMBO (News 1st) Sri Lanka’s Central Bank Governor Ajith Nivard Cabraal stated that the country is required to resolve USD 12.5 Billion in debt through International Sovereign Bonds over the next seven years. Talking to the American-based CNBC Governor Scott said the outstanding foreign debt in 2022 will be around USD 6.9 Billion. “Out of…
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…
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…
As a beacon of financial excellence in Sri Lanka’s financial landscape, LB Finance PLC has entered 2023 with a series of commendable achievements that reinforce its standing in the industry. The company’s dedication to best practices in financial reporting and corporate governance has been internationally acclaimed, securing multiple accolades that showcase its prowess. LB Finance’s…
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…
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…
In 8 coordinated attacks around Sri Lanka, 215 people were killed and 449 were injured. the death toll included 35 foreign nationals. the nationalities were USA, Denmark, Pakistan, India, Morocco, China, Japan and Bangladesh. 7 persons have been arrested and an island-wide curfew has been imposed until 6 a.m on Monday morning. Schools throughout the…
COLOMBO: Singapore and Sri Lanka signed a free trade agreement on Tuesday (Jan 23) which will deepen economic ties and facilitates greater trade flows between the two countries. The Sri Lanka-Singapore Free Trade Agreement (SLSFTA) was signed by Singapore’s Minister for Trade and Industry (Industry) S Iswaran and Sri Lanka’s Minister for Development Strategies and…
Senior Attorney-at-Law Mr. Kandiah Neelakandan passed away this afternoon. He was Precedent Partner at Neelakandan and Neelakandan, a staunch rights activist, and last appeared on Face the Nation last year to discuss the future of national unity and reconciliation in Sri Lanka.
Amidst the azure waters of the Indian Ocean, Sri Lanka’s ambitious urban development, Port City Colombo, emerges as a beacon of Sri Lankan economic development. With an injection of US $5.6 billion projected in foreign direct investment, this icon of innovation stands poised to redefine the island’s economic landscape. Touted as a service export Special…
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…
In today’s digital age, e-commerce businesses in Sri Lanka face stiff competition to attract and engage with potential customers online. With businesses relying heavily on their websites as the primary point of contact with their customers, implementing an effective search engine optimization (SEO) strategy has become more important than ever before. SEO plays a critical…
ikman.lk, Sri Lanka’s largest online marketplace recently introduced ‘ikman Pay’ providing customers’ greater convenience and enhanced security across all its online payment options. Any ikman.lk service or product that requires payment can now be easily processed through ikman Pay https://pay.ikman.lk/ Combining all online payment options ikman Pay includes ikman.lk’s wide range of payment solutions such as…
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…
The fiscal landscape of Sri Lanka is approaching a significant shift, with VAT implementation in Sri Lanka standing at the forefront of modernizing the nation’s tax regime. Amid broader Sri Lankan tax reform, transitioning towards a system bolstered by Value Added Tax (VAT) is pivotal. Eyes are set on fostering economic recovery through taxation, and…
Seven hundred buses representing the Kurunegala district have already left for Colombo carrying participants to the ‘Jana Balaya Colombata’ protest rally, which is planned to be held this evening (05), according to former Minister Jayarathne Herath. Kurunegala is the district represented by former President Mahinda Rajapaksa and populated by the most affected people, he added….
The Monetary Board of the Central Bank of Sri Lanka recently released Rules that make it obligatory for hotels and service suppliers to allow payment by residents of countries other than Sri Lanka, only in foreign currency. This Rules appear in Gazette Extraordinary No. 2263/41 of 21 January 2022. As per the publication of the…
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…
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…
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,…