Intrepid Travel, the world’s largest adventure travel company and a champion of responsible tourism, is placing a significant bet on Sri Lanka. Chairman and Co-Founder Darrell Wade’s recent visit underscores the island nation’s importance in their 2030 strategy for sustainable growth. Sri Lanka’s allure for Intrepid is evident in the company’s phenomenal growth there. Their

Sri Lanka possesses a unique advantage in the global market – its graphite. This high-quality mineral, known as vein graphite, is considered the best in the world. A recent study by the International Policy Studies (IPS) highlights this potential, urging the country to capitalize on the rising demand for electric vehicles (EVs). The report, led

Despite a challenging economic climate in FY2022/23, the Richard Pieris Group demonstrated remarkable resilience. The company achieved a significant milestone, recording total revenues of LKR 79.1 billion, a commendable 17% increase compared to the previous year’s LKR 67.6 billion. This impressive growth is a testament to the leadership of Dr. Sena Yaddehige and the dedication

The Institute of Chartered Accountants of Sri Lanka (CA Sri Lanka) has taken a significant step towards promoting transparency and excellence in corporate reporting with the launch of the TAGS Compliance Badge. This new initiative signifies a commitment to the highest standards in both financial and non-financial reporting practices. The launch ceremony, held in collaboration

Sri Lanka’s economic outlook received a mixed forecast from NDB Bank at their recent Investor Earnings Call event on March 20th, 2024. While there are potential challenges, NDB also sees reasons for optimism. Debt repayments may put pressure on the exchange rate: Niran Mahawatte, Head Treasury at NDB, acknowledged the potential strain on the Sri

Sri Lanka’s agricultural sector is set for a significant improvement with CIC Seeds (Pvt) Ltd., a subsidiary of CIC Agribusiness, achieving a major breakthrough. For the first time in the country, a private company has successfully developed and launched five new varieties of hybrid vegetable seeds. This accomplishment is the result of intensive research conducted

Fitch Ratings has assigned a positive ‘AA- (lka)’ National Long-Term Rating to the proposed debenture issuance by Sri Lanka’s Abans PLC. Abans, a leading consumer electronics retailer, is offering senior unsecured redeemable debentures valued at LKR 1.0 billion, with the potential to increase the offering to LKR 2.0 billion. The debentures hold the same ranking

Sri Lanka’s Central Bank (CBSL) recently implemented a salary revision for the 2024-2026 period, sparking public debate. This decision, reached through a collective agreement between the bank’s Governing Board and employee representatives, drew criticism. In response to the public outcry, a significant portion of CBSL’s senior management and professionals opted to revisit their own salary

Sri Lanka’s economic revival is turning heads, and Colombo Dockyard PLC (CDL) is feeling the wave. With a recently bolstered business environment, CDL participated in the prestigious 18th “APM 2024” exhibition in Singapore, marking their first time as an active exhibitor at this crucial event. This strategic move targeted a key market segment: Singaporean ship

Sri Lanka’s ambitious plan to harness clean energy through a wind power project in Mannar has hit a roadblock. Despite its potential to provide cheap renewable energy and reduce dependence on fossil fuels, the project faces opposition from some political groups. This has resulted in the removal of six wind turbines and the allocation of