The economic reform program implemented by the Sri Lankan authorities is yielding the first signs of recovery with positive real GDP growth in the third quarter of 2023, low inflation, increased revenue collection, and a build-up of external reserves. Staying the course on the reform agenda is necessary for this stabilization to evolve into broad-based…
Sri Lanka Targets Digital Transformation: A $15 Billion Opportunity by 2030 Sri Lanka’s future shines with digital possibilities, as outlined by its Technology Minister at a recent conference. The Minister emphasized the need to move beyond simply digitizing processes to a complete organizational overhaul driven by technology. This “digital transformation” aims to propel Sri Lanka…
A collaborative effort led by the Export Development Board (EDB) alongside Sri Lankan Universities, The Tropical Ornamental Fish Association and Sri Lanka Ornamental Fish Farmers’ Association have organized a one-day workshop on 11th January 2024. The main aim of this workshop was to help improve the export potential of ornamental fish, support grassroots development, and…
Diversified conglomerate Sunshine Holdings PLC (CSE: SUN) at its board meeting held on the 18th of January announced the appointment of Shyam Sathasivam as the Group Chief Executive Officer. Shyam held the position of Managing Director of the subsidiaries Sunshine Healthcare Lanka Limited and Sunshine Consumer Lanka Limited. Shyam brings over 21 years of corporate…
In its continuous commitment to advancing the interests of exporters, the Export Development Board (EDB) stands out as the premier organization dedicated to the development and promotion of exports. As part of its dynamic approach to fostering global trade, EDB is actively engaged in identifying and cultivating potential markets for exporters worldwide. Furthermore, the EDB…
Reuters – Google CEO Sundar Pichai told employees to expect more job cuts at the Alphabet-owned (GOOGL.O) company this year, The Verge reported on Wednesday, citing an internal memo. Pichai said in the memo that the layoffs this year were focused on removing layers to simplify execution and drive velocity in some areas, according to the report….
Top fabric manufacturer Teejay Lanka PLC and leading business conglomerate Hemas Holdings have joined forces to launch a groundbreaking initiative to promote menstrual hygiene awareness and provide essential resources to underserved communities in rural Sri Lanka. A Memorandum of Understanding (MoU) signed by the two corporate giants outlines a collaboration that will see Hemas Holdings…
President Ranil Wickremesinghe took centre stage in a recent roundtable discussion organized by the Consortium of Indian Industry (CII) and World Economic Forum yesterday (16), unveiling a comprehensive economic vision for Sri Lanka. The President emphasized the successful resolution of supply bottlenecks, the removal of import restrictions and the restoration of foreign exchange liquidity as…
In a candid discussion at the World Economic Forum (WEF) stakeholder dialogue titled ‘Pulling back from the brink,’ held in Kurpark Village, Aspen, President Ranil Wickremesinghe outlined short-term strategies aimed at revitalizing Sri Lanka’s economy. Emphasizing tourism promotion, agricultural modernization and a focus on renewable energy, the President expressed the country’s eagerness to attract new…
For years, worries about electric vehicles (EV) have remained, much like the persistent presence of vehicle exhaust fumes. Concerns about fiery meltdowns and roadside range woes cast a shadow on the electric revolution. But nestled in the heart of innovation, global giant BYD has forged a technological masterpiece to rewrite the rules of EV safety,…
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