Toyota Lanka has successfully imported and is set to deliver its first batch of brand-new Toyota vehicles, marking a significant milestone for Sri Lanka’s tourism sector. The initiative, completed within just four months following government approval, underscores Toyota Lanka’s commitment to driving the growth of the tourism industry. These vehicles aim to provide world-class, dependable…
The Department of Census and Statistics (DCS) reports that Sri Lanka’s Gross Domestic Product (GDP) at constant prices (2015) increased to Rs. 3,151,941 million in the third quarter of 2024, compared to Rs. 2,987,544 million in the same period of 2023, marking a 5.5% year-on-year growth. The growth was driven by a 10.8% expansion in…
Hambantota International Port (HIP) has once again received international recognition for its outstanding handling of RORO (Roll-On/Roll-Off) transshipment operations. The accolade was presented during MOL’s (Mitsui O.S.K. Lines) Annual Stevedore Meeting for India and Indian Ocean Region, held in Chennai. MOL commended HIP for achieving zero cargo damage and maintaining safe Pure Car Carrier (PCC)…
NDB Bank has reached an extraordinary milestone by becoming the first commercial bank in Sri Lanka to secure all three globally recognised ISO certifications: ISO 27001:2022 for Information Security, ISO 22301:2019 for Business Continuity Management, and most recently, ISO 20000:2018 for IT Service Management. The attainment of ISO 20000:2018 underscores the Bank’s commitment to operational…
The Association of Chartered Certified Accountants (ACCA) Sri Lanka recently presented its comprehensive set of proposals for the 2025 National Budget to Dr. Harshana Sooriyapperuma, Deputy Minister of Finance, at the ACCA office. Titled “From Recovery to Sustainability – Crafting Sri Lanka’s Economic Blueprint for 2025,” the proposals focus on creating sustainable economic growth, enhancing…
India’s economic growth continues to be remarkable. From a humble 3.5% GDP growth in 1990, India has emerged as the world’s 5th largest economy, with a growth rate of 7% in 2024. Reforms, liberalization, and digitalization have fueled this rapid expansion. Policy paradigm has created enabling environment which continues to propel the economic growth. Neighbouring…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in November 2024. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 53.3 in November 2024. This indicates an expansion in manufacturing activities on a month-on-month basis, with positive contributions from all the sub-indices. New Orders sub-index expanded…
Indian Entrepreneurs Express Interest in Expanding Investment Opportunities in Sri Lanka President Anura Kumara Dissanayake, currently on a three-day official visit to India, participated in a discussion with leading Indian business representatives Yersterday (16) in New Delhi. This discussion, organized by the Confederation of Indian Industry (CII), brought together some of India’s most prominent entrepreneurs….
• Invitation extended to Indian Prime Minister to Visit Sri Lanka. President Anura Kumara Dissanayake, currently on an official three-day visit to India, held discussions with Indian Prime Minister Narendra Modi Yesterday (16) at the Prime Minister’s official residence, Hyderabad House. Following the discussions, Memoranda of Understandings (MoU) on the avoidance of double taxation and…
The new members of the Colombo Port City (CPC) Commission were recently appointed. How can the CPC be used more to stabilize the economy? Some wanted it converted into a botanical garden while others proposed health tourism, F1 racing & casinos etc. Macau Special Administrative Region (SAR) in China (which is mostly reclaimed land) is…
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