The SPARK Skilled Youth Entrepreneurship Competition 2024 has successfully completed its first round, with 100 young participants undergoing advanced training in business fundamentals and business plan development. Organized by The Ceylon Chamber of Commerce, with support from the International Labour Organisation (ILO), the South Asia Leadership in Entrepreneurship (SALE) project, and funding from the US
The Bank of Ceylon (BOC) has unveiled a groundbreaking initiative aimed at supporting young entrepreneurs in Sri Lanka. The new program, designed to counteract brain drain and foster local talent, includes collaborations with organizations such as IDB, SED, NAITA, and EDB, as well as other governmental entities. Moving beyond traditional banking services, BOC’s ‘beyond banking’
The Industry Ministry has set ambitious goals to increase the manufacturing sector’s contribution to Sri Lanka’s GDP from 16% to 20% by 2030. This initiative is part of the National Industry Policy and a five-year strategic roadmap spanning 2023-2027. During a press briefing at the Presidential Media Centre, Industry Ministry Secretary Shantha Weerasinghe emphasized the
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
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,
Expolanka Holdings PLC has released its financial results for the fourth quarter and full year ending March 31, 2024, showcasing resilience amid challenging macroeconomic conditions. Despite facing a volatile global economy marked by various shocks, including trade tensions and rising energy costs, the company reported Revenue of Rs. 66.0 billion for the quarter, with a
Sri Lanka’s burgeoning entrepreneurial landscape offers exciting opportunities for aspiring business owners. But with so many ideas floating around, how do you identify one with real potential? This comprehensive guide delves into the process of crafting a successful business idea in Sri Lanka, equipping you with the knowledge and strategies to navigate the path to