In the heart of Sri Lanka, HNB FINANCE PLC underlined its reputation as a forerunner in championing gender equality with a vibrant celebration of International Women’s Day. This illustrious event, a staple of the HNB Finance Women’s Day program, unfolded with a spirited gathering in Baddegama, Hikkaduwa. The workshop aptlyContinue Reading
Grasping the intricacies of Sri Lanka’s tax recovery process is imperative for anyone looking to understand or navigate the nation’s financial obligations. An economic revival pivots crucially around bolstering the efficiency and yield of tax recovery services in Sri Lanka. Amidst efforts to stabilize and enhance the economy, the roleContinue Reading
The Sri Lanka job market is observing a concerning trend where a growing number of job seekers are choosing to manipulate their profiles to secure scarce employment opportunities. The economic pressures, paired with a demand for specific skillsets, are pushing individuals to present a tweaked version of their qualifications andContinue Reading
The banking sector in Sri Lanka witnesses a significant leadership transition as Kavan Ratnayake takes charge as the new Chairman of the venerable Bank of Ceylon (BOC). Announced on March 13, 2024, with an effective assumption of role on the subsequent day, Ratnayake’s appointment marks a new chapter for theContinue Reading
Recently, David Pieris Motor Company Ltd. (DPMC), a name synonymous with innovation and progress in Sri Lanka’s automotive industry, commemorated a landmark event celebrating thirty years of relentless service, growth, and impact. This anniversary celebration honored the company’s journey from a 195-employee company to a formidable force in not onlyContinue Reading
People’s Bank, a trailblazer in the financial landscape of Sri Lanka, has once again stepped into the limelight with the launch of the ‘Vanitha Wasana’ event. This Launch Event is more than a mere addition to the bank’s extensive portfolio; it’s a beacon of empowerment and progress. Through initiatives suchContinue Reading
The Port of Colombo, a beacon of maritime achievement, recently solidified its position as a leader in the shipping industry during the esteemed Port of Colombo Awards Night 2024. This night of glamor and recognition was graced by the key figures in maritime leadership, including Ports, Shipping and Aviation MinisterContinue Reading
In the coastal district of Puttalam, Sri Lanka, the complex web of multidimensional issues presents a challenge for the area’s local community. A UNDP-led study has revealed how the echoes of an economic crisis resound through various facets of daily life, undermining attempts at sustainable community development and exacerbating existingContinue Reading
On the southern shores of the pearl of the Indian Ocean, the Hambantota cruise terminal emerges as a new beacon for luxury travel, inviting adventurers to explore the remarkable terrains of Sri Lanka. Here at this serene port, guests are treated not only to the rich tapestry of Sri LankaContinue Reading
In a pivotal moment for Sri Lanka’s automotive landscape, the CMTA Delegation Meets Indian Officials in a bid to address and revitalize the industry. The bilateral diplomatic meetings aimed to explore new avenues for collaboration and development between the two nations. Spearheaded by Charaka Perera, Chairman of the Ceylon MotorContinue Reading
The International Monetary Fund (IMF) has recently concluded a decisive first review under the Extended Fund Facility (EFF) with Sri Lanka, marking a significant step towards bolstering the already resilient Sri Lanka economy. The immediate release of SDR 254 million, roughly equivalent to USD 337 million, reflects the Fund’s confidenceContinue Reading
The start of 2024 brought with it a significant shift in Sri Lanka’s tax landscape, most notably marked by the leap in Value Added Tax (VAT) from 15% to now 18%. This government tax policy decision aims to increase state revenue and align with economic restructuring needs. However, **Colombo ReactsContinue Reading
In an age where visual acuity is paramount, Sri Lanka witnesses a monumental milestone with the establishment of the College of Optometry & Vision Science (COVS) by the Sri Lanka Optometrist Association (SLOA). Officially commencing its journey on January 21, 2024, COVS emerges as a beacon of optometric education poisedContinue Reading
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
Marking a significant step towards expanding economic ties, a delegation from India recently visited the Board of Investment (BOI) in Sri Lanka. This strategic collaboration brought forth Indian officials keen on exploring avenues that could deepen the bilateral trade relationships and enhance investment opportunities between the two nations. The moveContinue Reading
In an era where the demand for seamless, international and domestic air travel is surging, Sri Lanka responds with a momentous decision to elevate Jaffna Airport’s facilities. Minister of Ports, Shipping, and Aviation, Nimal Siripala de Silva, after a critical evaluation of the current passenger amenities on his inspection visitContinue 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
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
As Sri Lanka gears up for the upcoming monetary policy review, the aura within its financial markets is one of cautious anticipation. Investors, attuned to the pulse of global economic indicators analysis, are holding their breath, influencing a lull in trading volumes. This critical period before the Federal Reserve decisionContinue Reading