New Artifacts found in Sigiriya Excavation
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…
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…
Convince Sri Lanka of Value Added Tax – Key Insights
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…
ComBank Scoops Double Wins at Global Business Outlook
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…
Central Bank of Sri Lanka recently released Rules that make it obligatory for hotels
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…
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…
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…
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…
Port City Colombo Breaks Ground for Premier Park
In an unprecedented move that paves the way for a transformative era in South Asia, the Port City Colombo development has officially launched the creation of its premier park, a landmark event signaling Sri Lanka’s ascent on the economic horizon….
Fairway Galle Literary Festival 2018
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…
Sri Lanka’s Tax Burden to Persist Beyond Expectations
In the midst of navigating through profound economic challenges, Sri Lanka finds itself at a crossroads where extended tax imposition has become the cornerstone for financial crisis recovery. The International Monetary Fund (IMF), steering the course of the nation’s fiscal…
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…
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…
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…
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…
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…
