The World Travel Market (WTM) was held in grand style in London, supposedly considered to be one of the leading global events in the Travel and Tourism trade. It saw a massive crowd of interested visitors, industry stakeholders and new inventors who were able to gain an extensive knowledge of the different cultures, authenticity and…
Continuing its rapid growth trajectory amidst challenging economic conditions, Prime Lands Residencies PLC (PLR), a subsidiary of the country’s foremost property development magnate Prime Group, posted a revenue of Rs. 2.4 billion for the second quarter of FY 2021/22, up by a highly commendable 86% from the first quarter of the year. Profit Before Tax…
Sri Lanka has embarked on a focused path towards ensuring macro-economic and financial system stability, having faced strong headwinds from the COVID-19 pandemic. The pandemic resulted in a substantial loss of foreign exchange revenues to the country, but unprecedented support provided by the Government and the Central Bank of Sri Lanka (CBSL), from fiscal, monetary…
The Sri Lanka Institute of Nanotechnology (SLINTEC), a one-of-a-kind public-private partnership aimed at developing advanced technologies, has introduced homegrown nano-fertilizers to the market with the aim of uplifting the local agriculture industry. In our agro-based economy, Agriculture has been a vital driver of poverty reduction in the country, but due to the COVID-19 pandemic, economic…
A multi-party meeting on enhancing bilateral trade between Sri Lanka and Bangladesh was held at the Export Development Board (EDB) on3rd November, 2021, under the patronage of the Hon. Minister of Trade, Dr. Bandula Gunawardena and High Commissioner of Bangladesh to Sri Lanka H.E Tareq Md Ariful Islam with the participation of companies that export…
SriLankan Airlines, the National Carrier of Sri Lanka and a member of the oneworld alliance, in the wake of its relaunch of operations between Paris and Colombo, became the official airline partner of the renowned adventure trail, Raid Amazones 2022, an annual sporting event that features a large number of French female athletes competing their…
Sri Lanka is witnessing a surge in tourist arrivals since it relaxed travel restrictions for fully-vaccinated tourists last month. One of the most promising markets with the potential to become a key source market for Sri Lanka is Poland, more so, as LOT Polish Airlines is resuming twice weekly direct flights to Sri Lanka from…
Saubagya loans amount to over Rs.179 billion The Central Bank of Sri Lanka (CBSL) has implemented several schemes to assist COVID-19 affected borrowers through Financial Institutions (FIs) supervised by the CBSL. The schemes included extended repayment periods, concessionary rates of interest, working capital loans, debt moratoriums and restructuring/rescheduling of credit facilities for affected borrowers. These…
The ‘Invest Sri Lanka’ Investor Forum organized by the Securities and Exchange Commission of Sri Lanka (SEC), Colombo Stock Exchange (CSE), in association with the Embassy of Sri Lanka in UAE and the Consulate General of Sri Lanka to Dubai and Northern Emirates was recently held at the Sheraton Grand Hotel Dubai. The forum made…
Perceived Economic Opportunity Index 2021 [PEOI] Q3: July to September, 2021 This quarter marks the entry in to the second decade of tracking the perception of economic opportunities among the people of Sri Lanka. This unique measurement is based on the calculation of the Perceived Economic Opportunity Index (PEOI) developed by the Foundation of Economic…
