• Editor
• March 9, 2025
• Business, News
• Business
• 0 Comments

Mr. Lakshman Abeysekera, the esteemed President/Director General of the National Enterprise Development Authority (NEDA). Micro, small, and medium-scale enterprises (MSMEs) are crucial drivers of economic growth, serving as the backbone of Sri Lanka’s economy. These enterprises play a pivotal role in fostering job creation and innovation, contributing significantly to the nation’s overall development An insightful interview was conducted with Mr. …

• Editor
• March 7, 2025
• Business, News
• Business
• 0 Comments

The Sri Lanka 2030 and Beyond Economic Summit and Entrepreneurial Awards, held on 5 March at Shangri-La Colombo, was a landmark event celebrating the resilience, innovation and ambition of Sri Lanka’s entrepreneurial community.  Organised by the Chamber of Lankan Entrepreneurs (COYLE), the event brought together industry leaders, policymakers and rising entrepreneurs to discuss the nation’s economic future and recognise outstanding …

• Editor
• March 5, 2025
• Business, News
• Business
• 0 Comments

A meeting between President Anura Kumara Disanayake and officials of the Inland Revenue Department was held today (05) at the Presidential Secretariat. During the discussion, extensive attention was given to the strategies required to achieve the targeted revenue of the Inland Revenue Department for this year. The President emphasized the necessity of a more intervention approach than the current mechanisms …

• Editor
• February 27, 2025
• Business, News
• Business
• 0 Comments

In an exclusive release to the Daily FT, leading business magazine says that “business confidence has nudged up to match its all-time high amid multiple sensitivities.” LMD notes, in its forthcoming March edition: “The LMD-PEPPERCUBE Business Confidence Index (BCI) reached its all-time high in February, by climbing six basis points to 204, from 198 in the previous month.”  “This is …

• Editor
• February 24, 2025
• Business, News
• Business
• 0 Comments

COLOMBO, Feb 17 (Reuters) – Sri Lanka aims to transform its crisis-hit economy to prepare to resume debt repayments from 2028, President Anura Kumara Dissanayake said on Monday as he unveiled a budget that is seen as a key step towards durable, long-term growth. The left-leaning Dissanayake, who is also finance minister, was elected last year to fix the South Asian island nation’s …

• Editor
• February 10, 2025
• Business, News
• Business
• 0 Comments

Following the unfortunate loss of Aitken Spence PLC Chairperson D. H. S. Jayawardena (Harry Jayawardena), the company has announced the appointment of D. S. T. Jayawardena (Stasshani Jayawardena) as the new Chairperson with immediate effect. Jayawardena brings a wealth of experience and a strong commitment to continuing the legacy of excellence established by her predecessor. Jayawardena has been an integral …

• Editor
• February 10, 2025
• Business, News
• Business
• 0 Comments

Sri Lanka’s third Mutual Evaluation on the Anti-Money Laundering and Countering the Financing of Terrorism (AML/CFT) framework coordinated by the Asia Pacific Group on Money Laundering (APG) is set to begin in the near future. During this upcoming Mutual Evaluation, Sri Lanka is required to demonstrate Technical Compliance with the 40 Recommendations of the Financial Action Task Force (the global …