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…
By Samitha Hettige The 11th ‘Nishan’ forum (named after the ‘Nishan’ mountain) on world civilizations under the theme ‘Beauty in Diversity’ was held in Qufu, Shandong (Eastern China) last week. It is the birth place of Chinese philosopher Confucius. Scholars from more than 70 countries explored the interactions between cultural diversity & modernization with special…
Interview with Sundaresan Narayanan, Managing Director – Commercial HVAC Carrier Airconditioning & Refrigeration (Carrier India & Sri Lanka) Q: TO BEGIN WITH, PLEASE TELL ME ABOUT YOURSELF AND YOUR ROLE IN CARRIER AND YOUR BACKGROUND IN THE HVAC INDUSTRY? ALSO, IS THIS YOUR FIRST TIME IN COLOMBO? A: I have had the pleasure of visiting Colombo…
Independent Growth Study Group unveils critical strategies for sustained and transformative growth in 2025-2030 A new report launched today offers a bold roadmap for Sri Lanka to achieve sustainable and inclusive economic growth over the coming five years. Sustaining Transformative Growth in Sri Lanka 2025–2030, authored by an Independent Growth Study Group under the auspices of ODI…
Thousands of parcels ordered by Sri Lankans from popular e-commerce platforms like TEMU, AliExpress, and eBay are now stuck at customs, caught in a legal grey zone that’s choking the flow of goods. Advocata Institute warns ensuring consumer choice through a competitive market is key to delivering reasonable prices and better quality for Sri Lankans….
Sri Lanka’s export industries – especially the apparel sector, have long depended on efficient tax mechanisms to remain competitive in global markets. But one persistent bottleneck has threatened that edge for years: the country’s complex and delayed VAT refund process. This challenge is not new. In the early 2000s, a major VAT fraud case shook…
The barometer of business confidence rises sharply to set a bold new benchmark The country is grappling with a multifaceted public health crisis, battling simultaneous outbreaks of dengue, chikungunya (CHIKV) and a new strain of the coronavirus with a majority of affected individuals reported in the Western Province. Amid these health challenges, the country’s fiscal…
The recent de-escalation in US-China trade tensions has led Fitch Ratings to make broad-based upward revisions to its global growth forecasts compared to the previous Global Economic Outlook (GEO) published in mid-April. But the world economy still faces a sharp slowdown induced by the most severe trade war since the 1930s, says Fitch in its June 2025…
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