Business

Siyambalapitiya outlines objectives of SOE restructuring

  • April 26, 2024

State Minister of Finance Ranjith Siyambalapitiya emphasized the necessity for a comprehensive policy framework to facilitate the transition of entrepreneurship activities from public to private entities while ensuring effective regulation and tax collection by the government. Addressing concerns raised by MP Lakshman Kiriella in Parliament, Siyambalapitiya highlighted the Government’s objective of transferring entrepreneurship activities to

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Industry Analysis Tech Industry

Ceylon Chamber Welcomes National Digital Economy Strategy

  • April 25, 2024

The Ceylon Chamber of Commerce has identified the Digital Economy as a pivotal driver for accelerating Sri Lanka’s economic growth. The recently unveiled National Digital Economy Strategy 2030, spearheaded by the Ministry of Technology, charts a course to harness the potential of the digital realm. This strategy centers on bolstering digital infrastructure, introducing Digital ID

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Travel

Cinnamon Lakeside Colombo welcomes Nazoomi Azhar as new General Manager

  • April 25, 2024

Cinnamon Lakeside Colombo recently announced a significant leadership transition with the appointment of Nazoomi Azhar as its new General Manager. With a remarkable 25 years of experience managing prestigious hotels in the United Kingdom, Azhar brings a wealth of expertise aimed at revitalizing the hotel’s legacy with a fresh perspective and unwavering commitment to excellence.

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Economics

Sri Lanka worker migration, passport issues, begin to decline

  • April 25, 2024

Official data reveals a consistent decline in Sri Lanka’s foreign employment departures over the past five months, accompanied by a decrease in new passport issues for seven consecutive months. According to the Foreign Employment Bureau data quoted by the central bank, departures for foreign employment have steadily decreased from 26,394 in August 2022 to 23,259

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Business

Port City Colombo makes significant progress in capturing key investments

  • April 25, 2024

Port City Colombo, a dynamic Special Economic Zone (SEZ) and emerging regional financial center, is making significant strides in attracting key investments as it prepares to engage prospective investors from South Asia, APAC, and the Middle East by the end of 2024. Focusing on high-value Foreign Direct Investments (FDIs), Port City Colombo has welcomed around

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Business

ComBank crowned ‘Best Bank in Sri Lanka’ by Global Finance for 22nd year

  • April 25, 2024

In a recent announcement by the US-based Global Finance magazine, the Commercial Bank of Ceylon has once again secured the title of ‘Best Bank in Sri Lanka’ for an impressive 22nd consecutive year. This recognition underscores the bank’s commitment to offering a wide range of services, long-term reliability, and innovative technological solutions. Global Finance’s Best

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Uncategorized

Sri Lanka Looks to Boost Exports and Growth Through Trade Agreements

  • March 7, 2024

The Sri Lanka-Thailand Free Trade Agreement (SLTFTA), recently signed, holds significant potential for Sri Lanka’s economic growth, according to experts. Research from the Institute of Policy Studies (IPS) suggests that the agreement could lead to a 38% increase in Sri Lankan exports through tariff elimination. Dr. Asanka Wijesinghe, a Research Fellow at IPS, emphasized the

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Business

Urban Island’s Unique Travel Initiative Captivates Canadian Travellers, Redefines Sri Lanka’s Tourism Narrative

  • February 16, 2024

Just over a year ago, Urban Island Boutique emerged in the heart of Toronto’s exclusive Rosedale neighbourhood, introducing the city to the rich tapestry of Sri Lankan design, creativity, and craft. As the sole ambassador of Sri Lankan craftsmanship in the Canadian capital, Urban Island swiftly became a magnet for customers seeking all-natural products meticulously

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