possibility-amend-sri-lanka-fta-singapore-within-year-minister/
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 the country and the economy, a senior minister of the government said. Sri Lanka’s Minister of Ports and Shipping MahindaContinue Reading
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 Rock Fortress, Director General of the Central Cultural Fund (CCF)Continue Reading
Sri Lanka’s total volume of digital retail payments poised to reach Rs.77tn by 2027
Emerging from the buzzing metropolis of Sri Lanka, the total volume of digital retail payments is anticipated to surge, fostering a future where convenience and efficiency in online transactions dominate the retail landscape. Forecasts from Robocash Sri Lanka herald an unprecedented growth in the digital payment market, suggesting a potentialContinue Reading
Puttalam’s Struggle with Multidimensional Issues
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
Malaysian Delegates Tour Oceanpick in Sri Lanka
A landmark event unfolded as Malaysian delegates embarked on an aquaculture farm visit to Oceanpick, Sri Lanka’s trailblazing marine aquaculture prodigy, renowned for pioneering sustainable seafood production in South Asia. This significant visit consisted of high-caliber figures such as YB Datuk Seri Mohamad bin Sabu, Minister of Agriculture and FoodContinue Reading
‘ikman Pay’ assures customers of greater convenience and security across full range of online payment options
ikman.lk, Sri Lanka’s largest online marketplace recently introduced ‘ikman Pay’ providing customers’ greater convenience and enhanced security across all its online payment options. Any ikman.lk service or product that requires payment can now be easily processed through ikman Pay https://pay.ikman.lk/ Combining all online payment options ikman Pay includes ikman.lk’s wide rangeContinue Reading
Hambantota Welcomes Cruise Guests: Tropical Gateway
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
CMTA Delegation Meets Indian Officials for Talks
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
Rising Auction Yields Impact in Sri Lanka Finance
In the intricate world of finance, Sri Lanka’s financial markets have demonstrated a palpable sensitivity to the trends of monetary policy impacts, particularly evidenced in changes to bond investments and government bonds. A critical examination of market trends over a turbulent decade from 2000 to 2009 unveils a nuanced portraitContinue Reading
Sri Lanka & Digital Currencies: Regulatory News Update
In a significant evolution within the financial landscape of Sri Lanka, recent discussions at the Committee on Ways and Means have unearthed pivotal transitions in the realm of digital finance. With a firm eye on the future, the Central Bank of Sri Lanka is steering the nation towards the adoptionContinue Reading
Anna-Marie Ondaatje to grace Asian Games for Sri Lanka
Anna-Marie Ondaatje will represent Sri Lanka in the Rythmic Gymnastics event, at the Asian Games 2018 in Jakarta, Indonesia. Ondaatje represented Sri Lanka previously at the Gold Coast 2018 Commonwealth Games, where she finished in 11th position out of 16 in the Women’s individual all round finals, and became the firstContinue Reading
Survey Department revises country’s map after 18 years
The Sri Lanka Survey Department (SLSD), the national surveying and mapping organisation under the Ministry of Land and Land Development, has taken steps to revise the geographical map of the country after 18 years. The new map of Sri Lanka consisting of 92 maps in a 1:50,000 ratio is inContinue Reading
Genelle’s Flagship Store in Colombo | Exclusive Shopping
The unveiling of Genelle’s Flagship Store in the refined corridors of Horton Place marks a defining chapter in the landscape of luxury fashion in Sri Lanka. For connoisseurs of exclusive style, this latest addition embodies a unique blend of artisan craftsmanship and trending aesthetics, promising an exceptional high-end shopping experience.Continue Reading
People’s Bank Leads with 2M+ Digital Banking Users
In a groundbreaking achievement demonstrating digital banking leadership, People’s Bank has proudly announced the significant hallmark of acquiring over 2 million customer registrations. This record-setting accomplishment not only highlights People’s Bank’s prime position in Sri Lanka’s financial technology landscape but also underpins its unwavering commitment to digital transformation. As theyContinue Reading
Amana Bank Opens in Atulugama – New Branch Alert!
With a progressive approach to expanding financial inclusivity within Sri Lanka, Amana Bank has proudly opened its doors to the vibrant community of Atulugama. This strategic move unveils an opportunity for local residents and businesses to access a broad spectrum of banking services right in the heart of their locality.Continue Reading
Sri Lanka’s Smooth IMF Review Ensures Stability
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
Colombo Reacts to 18% VAT Hike Amid Economic Challenges
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
Macktiles Expands Reach with Tile Exports to Indonesia
Marking a pivotal shift in international commerce, Macktiles Lanka (Private) Limited, the titan of Sri Lanka’s tile manufacturing realm, has fortified its global footprint by foraying into the Indonesian tile industry. The renowned enterprise, long-standing as the leading tile exporter in Indonesia, ushers in a new era of trade, vividlyContinue Reading
Rishini Weeraratne Wins Digital Media Leadership Award
In the illustrious arena of global professional accolades, a spotlight has shone upon Rishini Weeraratne as she triumphantly secures the ‘Leadership in Digital Media Award’ at the acclaimed Top 50 Professional and Career Women’s Global Awards 2023. Representative of the highest echelons of excellence, Wijeya Newspaper’s Rishini Weeraratne stands asContinue Reading
Why Digital Economy Boosts Sri Lanka’s Growth
The unprecedented digital transformation in Sri Lanka is a cornerstone for the country’s burgeoning economic landscape. This evolution has pushed Sri Lanka to the forefront of South Asia’s digital revolution, leveraging the benefits of the digital economy to catalyze sustainable economic growth and societal progress. It’s this momentum in theContinue Reading