IMF Mission Concludes Visit to Sri Lanka Update
The International Monetary Fund (IMF) mission recently ended its visit to Sri Lanka. This was an important moment that showed the country’s economic strength. The IMF looked closely at Sri…
Renewable Energy: SL Investors’ Growth Avenue
In Sri Lanka, a quiet revolution unfolds. Renewable energy’s share was tiny just ten years ago. Now, the nation aims high, making renewable energy and infrastructure its focus. This switch…
Double XL: 14 Years of Plus-Size Fashion Excellence
In fashion, slim often gets spotlighted. But in Sri Lanka, Double XL stands out. This plus-size fashion brand marks its 14th anniversary. For 14 years, it’s changed the game by…
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Aug 16, Colombo: The Sri Lanka – Singapore Free Trade Agreement (SLSFTA) signed in January this year can be amended within a year if it has any detrimental effect on…
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…
Sri Lanka’s Struggle: Tax Concessions Cause Revenue Loss
In Sri Lanka, the corporate income tax (CIT) added only 1% to the GDP for two decades. This shows a big gap from what was expected of a strong economy.…
CSE Gains to Six-Month High Amidst Market Optimism
The Colombo Stock Exchange (CSE) has beaten expectations and reached a six-month high. In a world facing many economic challenges, this rise shows that confidence in Sri Lanka’s market is…
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…
Sustainable Fiscal Path Seen as Crucial for SL
In the current global economic climate, stability is rare. Sri Lanka stands out due to its very low tax-to-GDP ratio. This highlights how critical fiscal sustainability is for economic well-being.…
Revolutionizing Transactions with Digital Payments in Sri Lanka
The financial scene in Sri Lanka is on the verge of big changes. This shift is driven by advanced payment technology and new digital payment solutions. These changes are set…
World Bank Foresees Economic Growth for 2024
The World Bank’s recent forecast brings a wave of optimism. After a period of slow growth, an increase in global economic projection is expected in 2024. Amid global economic challenges,…
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…
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…
Fashion Turbulence Foreseen by Experts in Sri Lanka
The fashion industry faces big changes, crucial for a country like Sri Lanka. Experts from McKinsey & Company, Vidhya Ganesan and Julian Hügl, shared their insights. At a FAAMA forum,…
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…
ADB Predicts SL Economic Dip Before Upswing
In a sea of growing economies, it’s surprising to hear the Asia Development Bank (ADB) forecasts a dip for Sri Lanka’s economy. The ADB, based in Mandaluyong City, Philippines, has…
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…
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…
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…
Nyne Hotels: Nayantara Fonseka’s New Venture
Nayne Hotels is shaking up luxury hospitality. Nayantara Fonseka, or ‘Taru’, is the mastermind behind this. With Nyne Hotels in Sri Lanka, she’s starting a new era. It’s more than…