Sri Lanka has continued to receive a number of achievements for its recognition as a compact travel destination across the globe, and received another endorsement recently becoming one of the emerging destinations and one of the most popular global destinations from the key findings of the 2018 Virtuoso Luxe- Australian edition report. In parallel to…
This report provides an in-depth analysis of the emerging HR trends and practices in the Sri Lankan IT and BPM sector whilst providing a comprehensive understanding of the compensation strategies along with the employee attraction, retention and engagement strategies executed by industry players. The report also provides a skill based analysis of common skills identified…
More than 5000 Sri Lankan industries have secured country’s first large scale green funding initiative aimed solely at their manufacturing sector-including the SME industries. A massive Rs 5 Bn in funds are to be channelled through 11 leading financial institutions-which includes nine commercial banks. “Many industries including small and micro industries did not receive sufficient…
As a part of the government’s policy to promote Domestic Dairy Production with the participation of youth entrepreneurs the Cabinet of Ministers has decided to start an island-wide program to create 10, 000 youth dairy entrepreneurs in Sri Lanka on the proposal made by President Maithripala Sirisena. Under this program, each of these youth entrepreneurs…
The International Finance Corporation (IFC) has estimated that Sri Lanka can envisage a total climate-smart investment opportunity of USD 18 billion during 2018 to 2030. In a survey conducted under the theme ‘Climate Investment Opportunities in South Asia’ it states that Sri Lanka has an USD 2.5 billion investment opportunity for Renewable energy power generation….
The Sri Lanka- Singapore Business Council (SLSBC) of the Ceylon Chamber of Commerce successfully concluded a business mission to Singapore from 8th – 10th November 2017. The mission was organized in collaboration with the International Enterprise (IE) Singapore; the Government Agency driving Singapore’s external economy and promoting the overseas growth of Singapore-based enterprises and international…
The Central Bank of Sri Lanka (CBSL) disclosed that Prosperity, measured by the Sri Lanka Prosperity Index (SLPI), which is a composite indicator that measures and compares the level of prosperity of the country and across its provinces, improved to 0.746 in 2016 from 0.685 in the previous year. In analyzing the movements of the…
The Department of Census and Statistics (DCS) has released the bulletin of the latest survey on computer literacy in Sri Lanka conducted during first six months of 2017. Director General of DCS Dr. Amara Satharasinghe said that Computer Literacy rate among those in the age group of aged 5-69 years of Sri Lanka has been…
This government has not given any approval to produce spirits making use of rice as a raw material to any distilleries, Ministry of Finance and Mass Media says. Issuing a press release Tuesday (5th Dec.) it says that there are 14 distilleries in Sri Lanka and they use Palmyra toddy, coconut toddy, molasses, maize and…
Reuters – Sri Lankan shares extended falls into a second session on Tuesday and closed at their lowest in nearly three months, dragged down by beverage stocks. The Colombo Stock Index ended down 0.24 percent at 6,390.55, its lowest close since Sept. 14. It fell 0.03 percent last week, recording its fourth straight weekly drop,…
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