Consumer Spending Rebounds with USD 42.65 Billion in 2024
Consumer expenditure in Sri Lanka has shown a robust recovery, reaching USD 42.65 billion in 2024. This notable increase over the past 18.
Business
Covering the latest developments in the business world, including mergers and acquisitions, new product launches, executive changes, and company earnings reports.
Business
Business
Sri Lanka Halts Sale Process of SriLankan Airlines
The Cabinet of Ministers has decided to terminate the current sale process of SriLankan Airlines, according to the State-Owned Enterprises Restructuring Unit. The.
- July 19, 2024
Business
CEAT Kelani Wins Eight Gold Awards for Quality Improvement at NCQP 2024
CEAT Kelani Holdings, Sri Lanka’s leading tyre manufacturer, achieved remarkable recognition at the National Convention on Quality and Productivity (NCQP) 2024, organized by.
- July 18, 2024
Business
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.
- July 4, 2024
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