Offering advice and tips on managing personal finances, including budgeting, saving, investing, and retirement planning.
Sri Lanka has secured Foreign Direct Investment (FDI) agreements totaling $800 million for 35 projects in the first quarter of 2024, according to Investment Promotion State Minister Dilum Amunugama. In a recent interview with Derana TV, Amunugama highlighted that in 2023, Sri Lanka signed FDI agreements worth $1.2 billion following its engagement with the International
Samagi Jana Balawegaya (SJB) MP Eran Wickramaratne has raised significant concerns in Parliament about the obstruction faced by Puttalam Ilmenite Ltd. (PIL) in accessing land owned by the Sri Lanka Cement Corporation (SLCC). PIL has invested over $20 million over the past decade and is now facing hurdles that threaten a $100 million investment—the largest
Adani Power Ltd. (APL), part of the Adani portfolio, has announced its performance for the first quarter ending June 30, 2024. APL CEO S.B. Khyalia highlighted the company’s proactive approach to growth and sustainability. “As Adani Power advances, we are preparing for a resurgence in the thermal power sector by undertaking development activities for three
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