China Supports Sri Lanka Customs Enhancement
Sri Lanka Customs (SLC) aims to surpass last year’s revenue of Rs. 970 billion in 2024, targeting Rs. 1.5 trillion due to increased.
Business
Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.
Business
Business
Economics
Sri Lanka to Crack Down on Tax Breaks for Car Imports
Sri Lanka is revamping its car import policies as part of an agreement with the International Monetary Fund (IMF): Current System: Concerns and.
- June 17, 2024
Business
Sri Lanka Summit Tackles Human Trafficking and Modern Slavery
The 1st ever Sri Lanka Summit on the Bali Process brought together governments and businesses to fight human trafficking and modern slavery. Key.
- June 14, 2024
Business
Industry Analysis
Sri Lanka: Lack of Transparency in Budget Implementation
A report by Verité Research reveals a troubling lack of transparency in Sri Lanka’s budget implementation process. Here’s a breakdown of the key.
- June 14, 2024
Business
Economics
Sri Lanka Tea Production Down Despite May Increase
Sri Lanka’s tea production shows a mixed picture: Overall, YTD production is lower across all elevations compared to 2023. Key Takeaways:
- June 14, 2024
Business
Batticaloa Gets a Boost as Suryashakthi Lights Up the Future with New Solar Project
Sri Lanka’s renewable energy sector is set for a positive jolt with the announcement of a significant new solar power project in Batticaloa..
- June 13, 2024
Business
Industry Analysis
Tech
Sri Lankan Fintech Startup Secures £4 Million Seed Funding Led by Barclays
WealthOS, a cloud-based wealth management platform founded by Sri Lankan entrepreneurs, has secured £4 million in seed funding. The round was led by.
- June 13, 2024
Business
Entrepreneurship
Sri Lanka’s Green Entrepreneurship for Mangroves Program Gains Momentum
President Ranil Wickremesinghe received an update on the progress of the Green Entrepreneurship for Mangroves Program. This ambitious initiative aims to develop over.
- June 13, 2024
Business
Sri Lanka’s Airports Authority Soars to New Heights with Record Revenue
Airport and Aviation Services (Sri Lanka) (Private) Limited (AASL), a state-owned company, has achieved remarkable success in 2023. Their annual report, released on.
- June 13, 2024
Business
Industry Analysis
Rayynor Increases Stake in Hayleys PLC, Becomes Second Largest Individual Shareholder
Electronic media mogul Rayynor Silva further expanded his holdings in Sri Lanka’s diversified blue-chip company, Hayleys PLC, by purchasing an additional 5 million.
- June 12, 2024