At a time when China is getting ready for the 15th five year plan which will take China towards its 2nd Centenary goal (the Xiaokang), the leader of the 2nd largest economy of the world Chinese President Xi Jinping has reaffirmed his fundamental vision of putting his people first & not capital. During 2024, 70%…
Concerns raised by the business community in June appear to have been short-lived with sentiment shifting once again in July. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of July, reveals a notable surge in optimism about the economy. A substantial 70 percent of respondents believe the economy will…
A $2.5 Billion Dice Roll Attracting the Subcontinent’s Ultra-Rich to the Vegas of South Asia By Jithendra Antonio In a transformative declaration that reverberates through South Asia’s economic corridors, gaming tycoon Lawrence Ho’s recent bold proclamation at the August 2025 launch of the US $1.2 billion City of Dreams Sri Lanka has crystallized what many…
The barometer of business confidence free falls after a temporary stint at the summit July has been a month of both optimism and mounting uncertainty for Sri Lanka. On a positive note, the IMF approved its fourth review under the country’s 48 month Extended Fund Facility (EFF), unlocking a disbursement of US$ 350 million to…
By Prof. Samitha Hettige Former Minister Dr. Bandula Gunawardena recently published the Parliamentary debate on the Rubber Rice Pact (RRP) as a book. It is believed to be the 1st Sri Lankan Parliamentary debate to be published in Sinhala, English & Chinese. Dudley Senanayake was the Prime Minister when the RRP was signed. With the…
An initiative that promises secure digital identities, minimum cost to Sri Lankan taxpayers, and total data control In a major push towards digital transformation, the Government of Sri Lanka announced that it will launch its national Digital ID system by April 2026, a move that promises to revolutionize access to public services while ensuring strong…
In 2024, the global approach to measuring business climate saw a major transformation. The World Bank Group introduced the Business Ready (B-READY) Index, its new flagship report aimed at assessing the business and investment environment across countries. This index replaces the discontinued Ease of Doing Business (EoDB) report and brings with it a more robust,…
By Dr. Thanerimudalige D.G. Canisius (Some views and questions on the current developments with respect to the SLIIT.) In the midst of praise that I normally hear, recently I heard that the SLIIT is again facing criticism of my fellow countrymen. However, I was unaware of its intensity and seriousness until a couple of days…
Sri Lanka’s export sector demonstrated remarkable resilience and steady progress during the first six months of 2025, with total exports reaching US$ 8,337.86 Mn, marking a robust 6.70 % growth compared to the same period in 2024. Total exports, including both merchandise and services reached US$ 1,460.34 Mn in June 2025. This shows an impressive…
by Securities and Exchange Commission of Sri Lanka Understanding Where Your Money Goes And How Businesses Grow Picture this: You have some extra money sitting in your drawer, while across town, an established manufacturing company with a solid track record desperately needs funds to expand their operations and hire more workers. How do these two…
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