The 24th edition of the Sri Lanka Economic Summit (SLES), organized by The Ceylon Chamber of Commerce, is set to take place on 28th and 29th January 2024 at the Shangri-La Hotel, Colombo. This year’s theme, “Shaping Sri Lanka’s Future: Transformational Growth Rooted in Sound Economic Policies,” reflects the summit’s focus on fostering an export-led
Tourism Minister Vijitha Herath delivered an inspiring message during the live performance of Arrival from Sweden: The Music of ABBA, an internationally acclaimed tribute band, on Saturday. The event, held at a vibrant venue with 2,500 enthusiastic attendees, celebrated music, nostalgia, and hope. The Minister expressed admiration for the legendary band and shared a personal
Jetstar Asia, a majority Singapore-held and based airline, has officially launched direct flights between Singapore and Colombo. The carrier is now the only low-cost airline operating on this route. Jetstar has partnered with Hayleys Advantis in Sri Lanka as its General Sales Agent to streamline operations. Shano Sabar, Deputy Managing Director of Hayleys Advantis, emphasized
The National Chamber of Commerce of Sri Lanka (NCCSL) President, Deepal Nelson, extended congratulations to the newly appointed Government, emphasizing the trust and confidence placed in its leadership to guide the nation toward prosperity. “This milestone signifies the Government’s ability to steer Sri Lanka toward growth and stability. The NCCSL pledges its unwavering support for
The National Development Bank PLC (NDB) has announced robust financial results for the nine months ending 30 September 2024, highlighting its resilience and strategic adaptability in an improving economic landscape. NDB Director/CEO Kelum Edirisinghe stated, “The positive trend in Net Interest Margins (NIMs), cost efficiency, and credit quality reflects our focused strategy to enhance shareholder
XpressJobs has been announced as the Official Recruitment Partner for Global Entrepreneurship Week (GEW) 2024, taking place from 18 to 24 November. This year’s GEW theme, “Entrepreneurship is for Everyone,” is set to inspire young entrepreneurs to start their own businesses, contribute to economic growth, and create sustainable solutions. GEW is the world’s largest celebration
The Colombo Stock Exchange (CSE), in collaboration with the U.S. Agency for International Development (USAID), SLASSCOM, and FITIS, recently hosted a forum titled “Unlocking Value via Capital Markets and Funding Options for the IT Sector.” The event focused on empowering Sri Lanka’s ICT sector by showcasing alternative funding sources and educating companies on the process
The Sri Lankan government is setting the stage for Colombo Port City to become a global hub for IT and Business Process Outsourcing (BPO) firms, supporting its vision to develop a USD 15 billion digital economy by 2030. Modeled after Dubai and Singapore, the Port City’s regulatory framework now includes competitive tax breaks, provisions for
Port City Colombo is playing a pivotal role in accelerating the development of Sri Lanka’s IT industry, aligning with the Government’s ambitious goal of creating a $15 billion digital economy by 2030. As the country aims to establish itself as a leading tech hub in South Asia, Port City Colombo is focused on attracting major
Sri Lanka’s tea industry witnessed a remarkable surge in September 2024, with tea production reaching a seven-year high of 24.13 million kilos, according to provisional data released by the Sri Lanka Tea Board. This marks a 27.7% increase compared to September 2023’s unusually low production of 18.9 million kilos. Despite ongoing challenges such as adverse