Offering advice and tips on managing personal finances, including budgeting, saving, investing, and retirement planning.
The Qatar Sri Lanka Business Council was officially launched in Doha, marking a significant milestone in the strengthening of economic ties between Qatar and Sri Lanka. The event, held in the presence of Sri Lankan Ambassador to Qatar Mohamed Mafaz Mohideen, Qatar Sri Lanka Business Council President John Prasad, and other dignitaries, underscored the council’s
A 12-member delegation from Oneroad Group DMCC Dubai, a prominent global investment consortium, concluded a fruitful visit to Sri Lanka from July 7-14, 2024. Led by Chenling Zhang, Group CEO of Oneroad Group, the delegation focused on sectors vital to Sri Lanka’s economic advancement, including tourism, minerals, transportation, and the Colombo Port City project. The
Cinnamon Hotels & Resorts has announced the appointment of Sriyangani Dhanapala as the first female Resort Manager at Cinnamon Bentota Beach. With over a decade of experience in the hospitality industry, Sriyangani began her career in brand marketing for Cinnamon Hotels & Resorts. She has managed various marketing projects, strategic research, and long-term business planning.
Zesta Tea, a flagship brand of Sunshine Consumer Lanka, has launched an exciting new campaign called ‘My Zesta Story,’ inviting tea enthusiasts across Sri Lanka to craft their own commercial for the brand. Participants can submit their creative ideas in various formats, including videos, audio recordings, scripts, storyboards, and animations. The top entry will be
Japanese investors have shown a keen interest in introducing Japan’s latest technology into training programs for Sri Lanka’s maritime and aviation sectors. They also inquired about current investment and entrepreneurship opportunities in these sectors, expressing confidence that the skills and potential of Sri Lankan youth in modern technology could be greatly enhanced through successful implementation.
In response to the challenge of low savings rates and limited investment opportunities, Sri Lanka is unveiling a series of initiatives aimed at enhancing financial literacy, encouraging savings, and introducing accessible investment products. These measures are designed to empower citizens to secure their financial futures and contribute to the nation’s economic growth. Many Sri Lankans
Sri Lankan Households Tackle Rising Expenses with Smart Financial Strategies As the cost of living continues to rise, Sri Lankan households are increasingly adopting savvy financial strategies to safeguard their budgets and maintain financial stability. From budgeting techniques to prioritizing essential expenditures, families are proactively navigating economic challenges by embracing practical solutions. The escalating cost
The completion of the Bingiriya Investment Zone is projected to generate $2.6 billion in export income and create 75,000 job opportunities, stated President Ranil Wickremesinghe during the inauguration ceremony of the second and third phases of the Export Processing Zone in Bingiriya. He emphasized ongoing efforts to establish new investment zones to further bolster the
Hayleys Solar, the renewable energy division of Hayleys Fentons Ltd., has collaborated with the Bank of Ceylon (BOC) to promote the adoption of green energy practices nationwide. This partnership aims to offer low-interest loans to residential and commercial customers, encouraging them to transition towards renewable energy solutions. The financial schemes provide competitive rates with a
Sri Lanka Insurance (SLIC) capped off a successful year in 2023, demonstrating resilience and strong financial performance despite facing internal changes and challenging economic conditions. The company achieved a pre-tax profit of Rs. 10.6 billion, reflecting a significant 7.2% growth in Gross Written Premium (GWP) to Rs. 44.2 billion. SLIC’s commitment to policyholders remained unwavering