In the wake of successive crises, the financial outlook for Sri Lankan citizens continues to be challenging. The economic trends in Sri Lanka signal a cautious approach by consumers, who have seen their disposable income shrink considerably, compelling them to alter their spending habits. This prudent shift in the SriContinue Reading
In a decisive move towards fostering economic development and building a robust digital economy in Sri Lanka, People’s Bank has launched a youth tech skills programme designed to elevate tech education and youth empowerment across the nation. Through the groundbreaking initiative ‘Empowering Tomorrow’s Innovators: Youth Tech Skill Development Project,’ theContinue Reading
In an era where technological boundaries are continually being redefined, Platned, a premier UK-based technology solutions provider, has strategically positioned itself in the burgeoning tech landscape of Sri Lanka. This calculated move is indicative of Platned’s strategic growth in Sri Lanka, capitalizing on the vibrant IT ecosystem and the skilledContinue Reading
In an assertive move signaling robust growth, SL Telecom has officially unveiled a new board of directors as part of its strategic expansion efforts. The financial year 2021 saw the company triumphantly surpassing a turnover of Rs.102.3 billion, as reported in the latest Telecom News. This symbolizes an impressive 12.3%Continue Reading
As digital landscapes evolve, Sri Lanka is poised to harness the revolution through the Sri Lanka Digital Marketing Summit 2023. This pivotal digital marketing event, orchestrated by the Digital Marketing Association of Sri Lanka (DMASL) and powered by Dialog Axiata PLC, is setting the stage for an unprecedented era ofContinue Reading
With the technological tide rising, Sri Lanka stands on the brink of a new era in banking and financial services. The upcoming introduction of LankaPay’s Blockchain KYC is poised to reshape the landscape of digital financial services in Sri Lanka. On the horizon is an innovative approach to managing customerContinue Reading
The Sri Lanka economy is currently navigating through a challenging phase marked by producer price deflation, a phenomenon that deviates from the anticipated inflationary effects of economic stimuli such as “helicopter money.” This deflationary trend has significant repercussions for business operations and necessitates rethinking pricing strategies to maintain market competitiveness.Continue Reading
In a strategic move poised to enhance RigServ’s worldwide presence, the company has announced the inauguration of its new Global Resource Centre in the heart of Sri Lanka. This notable expansion not only signifies RigServ’s commitment to growth but also marks a significant milestone in the company’s ongoing efforts toContinue Reading
In a recent engagement, Henley Partners visited the Board of Investment (BOI) in Sri Lanka, marking a strategic discourse on the burgeoning investment landscape. As a global authority in residence and citizenship planning, Henley Partners’ presence signified an intersection of immigration prowess and investment acumen, fostering robust Henley Partners programsContinue Reading
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 ArugamContinue Reading
Shenzhen, a bustling nexus of innovation and technology in the heart of China, has reported a stellar rise in commercial activities. As the front-runner of China’s export economy, this dynamic city has witnessed a China trade increase of 53.1 percent to 441.4 billion yuan in just the first two monthsContinue Reading
The relentless wave of digital transformation has ushered in a new epoch in which the **challenges faced by international law due to digital transformation** are becoming increasingly evident. As we embrace the benefits of digital connectivity and technological innovation, the **global legal system evolution** necessitates a parallel adaptation to safeguardContinue Reading
Showcasing the epitome of Las Vegas fashion, Sri Lankan brands magnificently illuminated the Sourcing at Magic Exhibition, accentuating Sri Lanka’s prowess in luxury apparel. The city of lights welcomed a bevy of Sri Lanka’s finest, bringing designer clothing and exclusive fashion events to the renowned Las Vegas Convention Center. TheContinue Reading
On January 24, 2024, a significant elevation in expertise graced the board of Exterminators PLC as Jacob Carel Laubscher assumed the role of New Independent Director. Reflecting its pledge to dynamic leadership and technological prowess, the premier Sri Lankan pest management firm welcomed Laubscher, a luminary in digital pest technology.Continue Reading
In an unprecedented collective move, governments across the world are tightening environmental policies as part of a resolute drive to rein in the detrimental impacts of agricultural toxins. With Sri Lanka at the forefront of these efforts, the country is a participating member in the transformative US $ 379 millionContinue Reading
The vitality of Sri Lanka’s construction industry is integral to the nation’s journey towards economic revitalization. Historically cornerstone to Sri Lanka’s GDP growth, this sector’s robust activities often parallel the health of the broader economy. However, in recent years, the industry faced substantial setbacks from global disruptions, significantly the COVID-19Continue Reading
Why is digital marketing important for my company? Having a good Digital Marketing strategy in Sri Lanka can bring many benefits to your business. Today we tell you why Digital Marketing is so important and how it can help you improve your results. If you keep wondering why you needContinue Reading
Seylan Bank, one of Sri Lanka’s prominent financial institutions, recently heralded the commencement of Justice Buwaneka Aluwihare PC as an Independent Non-Executive Director on its coveted Board of Directors. This momentous appointment, effective as of February 26th, 2024, signifies a noteworthy infusion of legal acumen into the bank’s governance structure.Continue Reading
The fiscal landscape for enterprises can often be a terrain fraught with financial challenges, and this has certainly been the case for DFCC Bank. In recent months, the organization has witnessed its profitability take a hit, as delineated in the DFCC fiscal report. Corporate tax expenses, a vital fiscal componentContinue Reading
The retail landscape of Sri Lanka is undergoing a transformative journey with the launch of Cool Planet’s flagship store in Katubedda. This premier fashion retail store is designed to redefine shopping by offering a breadth of sophisticated, fashion-forward clothing and accessories. The opening of this new Cool Planet store inContinue Reading