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…
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…
SLT-MOBITEL Mobile was again ranked as the most ‘fastest Mobile Network
In a reaffirmation of its superiority in providing unbeatable connectivity and a superior user experience SLT-MOBITEL Mobile was again ranked as the most ‘fastest Mobile Network by Ookla the world’s leader in mobile and fixed broadband network testing software including…
Singapore and Sri Lanka sign free trade agreement
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…
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…
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…
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…
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…
Sri Lanka VAT Rate Revision Considered for 2Q24
Amid its most challenging economic downturn post-independence, Sri Lanka is actively examining fiscal reforms, including a critical Sri Lanka tax policy alteration. The government’s contemplation of a VAT rate cut, anticipated to roll out in the second quarter of 2024,…
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…
TERROR IN SRI LANKA
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…
Industry Stakeholders Condemn Tourist Ventures
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 Center at Port City: Colombo’s Hub for Commerce
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…
Research study uses sounds of disturbed honey bees to scare away Sri Lankan elephants
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…
First all-female surf club is making waves in Sri Lanka
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…
ADB Boosts Small Businesses with $100mn Loan Extension
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…
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,…
SLKBC Hosts Business Networking Evening in Sri Lanka
In an impressive display of international trade relations, the Sri Lanka – Korea Business Council (SLKBC), under the auspices of The Ceylon Chamber of Commerce, recently spearheaded a compelling SLKBC event aimed at fortifying Sri Lanka-Korea business collaboration. This exclusive…
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…
Registration of Persons Dept initiates one-day service for student IDs
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…
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…
