Featuring stories and advice for aspiring entrepreneurs, including startup tips, business planning guidance, and interviews with successful business owners.
In a major boost to Sri Lanka’s agricultural sector, a Memorandum of Understanding (MoU) was signed yesterday at the Presidential Secretariat to provide interest-free loans to agribusiness entrepreneurs and farmers. This marks the beginning of the Agricultural Modernisation Program’s first phase. The MoUs were formalized between the Bank of Ceylon, the Regional Development Bank, and
The SPARK Skilled Youth Entrepreneurship Competition has officially opened applications for its 2024 edition, inviting young individuals aged 15-30 years to participate. The competition, organized by the Ceylon Chamber of Commerce, offers a platform for aspiring entrepreneurs to develop their business ideas into viable ventures. SPARK is divided into two categories: the School Category and
Sri Lanka is poised to transform its entrepreneurial landscape with a series of reforms aimed at simplifying the business registration process. By addressing the complex and bureaucratic procedures currently in place, the government seeks to foster a more conducive environment for startups and small businesses, promoting economic growth and innovation. One of the primary hurdles
In a bid to bolster its entrepreneurial ecosystem, Sri Lanka is set to roll out comprehensive measures aimed at tackling the longstanding issue of limited access to funding for startups. Recognizing the critical role of financing in nurturing fledgling businesses, the government, in collaboration with private sector entities, is launching initiatives designed to inject vitality
The Sectoral Oversight Committee on Alleviating the Impact of the Economic Crisis has emphasized the need to foster entrepreneurship and has instructed officials to organize awareness programs across all districts in Sri Lanka. This recommendation emerged during a recent committee meeting in Parliament, chaired by Member of Parliament Gamini Waleboda. The committee inquired about the
President Ranil Wickremesinghe received an update on the progress of the Green Entrepreneurship for Mangroves Program. This ambitious initiative aims to develop over 6,400 “Green Entrepreneurs” along Sri Lanka’s coastline, focusing on mangrove restoration and development. The program briefing comes after Sri Lanka’s impressive achievement of being selected as one of the UN World Restoration
Sri Lanka’s business community is calling on the government to address critical issues hindering entrepreneurship and economic growth. The Sri Lanka United Business Alliance (SLUBA), representing micro, small, and medium enterprises (MSMEs), urged officials to develop a comprehensive plan to support businesses during these challenging times. SLUBA Chairperson Tania Abeysundara criticized the lack of focus
Lumala, renowned for its commitment to smart mobility and environmental responsibility, proudly sponsored the ZeroPlastic Movement Avurudu event on April 23rd at Viharamahadevi Park. Over a thousand youths participated in this celebration of the Sinhala and Tamil New Year, emphasizing a plastic-free approach, setting a commendable example for others to emulate. By prioritizing environmental sustainability,
Dinusha Madhushani’s journey embodies the resilience and determination encapsulated in the phrase, “Where there is a will, there is a way.” Despite facing numerous obstacles as a marginalized resource collector and mother, her unwavering commitment to securing a better future for her family, particularly her 14-year-old daughter, Shaini, sets her apart. Through the ASPIRE program,
The Lanka Coffee Association (LCA) has officially announced the upcoming 3rd Edition of the Sri Lanka Coffee Festival, marking a highly anticipated event in collaboration with Australia’s Market Development Facility (MDF) and Jetwing Hotels. The announcement was made during a press conference organized by the LCA, unveiling the details of this year’s festival. Kushan Samararatne,