Lead Story

IMF Executive Board to decide on Sri Lanka’s fourth tranche on Feb. 28

The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on February 28, 2025 to discuss and approve third review of Sri Lanka’s Extended Fund Facility (EFF) programme. The IMF staff and the Sri Lankan authorities reached a staff-level agreement on the Third Review of Sri Lanka’s EFF program on November 23,…

0 Comments | February 18, 2025 5:21 pm

Featured

Sarnia Estate – A Timeless Legacy of Beauty and Heritage

Nestled amidst the breathtaking landscapes of Uva, Sarnia Estate has stood the test of time, transforming from a coffee plantation in the 19th century into a beacon of the highest quality tea cultivations, while preserving its rich historical essence. Bordering the Randenigala Reservoir and the wild life sanctuary of Randenigala, Sarnia stands on the eastern…

0 Comments | February 18, 2025 4:46 pm

Ogilvy’s Geometry Global Bags Double Effie Golds

Continues Award-Winning Streak for ‘Books that Keep on Giving’ Campaign Geometry Global, a Strategic Business Unit of the Ogilvy Group Sri Lanka, won two coveted Gold Awards at the recently concluded Effie Awards Sri Lanka 2024. The agency’s “Books that Keep on Giving” campaign for ProMate (Printxcel), a leading stationery manufacturer in Sri Lanka, secured…

0 Comments | February 18, 2025 4:42 pm

HNB FINANCE strengthens presence with relocated branch in Mullaitivu

HNB FINANCE PLC, Sri Lanka’s leading integrated financial services provider, has announced the relocation of its branch in Mullaitivu on 23 December 2024. This initiative reflects the company’s commitment to enhancing accessibility and addressing the increasing demand for integrated financial services across the island. The new HNB FINANCE Mullaitivu branch is relocated at Main Street,…

0 Comments | February 18, 2025 4:05 pm

Xiaomi Sri Lanka is ushering into the 5G era with cutting-edge innovation and AI with its Note 14 Series Launch

Xiaomi, the global technology leader, has officially launched the Redmi Note 14 Series in Sri Lanka at a press conference held at Cinnamon Life Colombo. The series introduces advanced innovations in photography, design, and performance. The launch event highlighted Xiaomi’s commitment to delivering high-quality, accessible technology. Speaking at the launch, Shubham Jangir, Country General Manager…

0 Comments | February 18, 2025 4:02 pm

OREL IT wins top honour at Presidential Export Awards as the ‘Most Innovative Service Provider’

OREL IT, a global technology company, pushing the boundaries of cybersecurity, cloud solutions, and AI-powered digital innovations, has been honoured with the Most Innovative Service Provider of the Year at the 26th Presidential Export Awards (PEA) 2024. The ceremony, hosted by the Sri Lanka Export Development Board (EDB), took place at the Bandaranaike Memorial International…

0 Comments | February 18, 2025 3:55 pm

Austin House poised  to Raise The Beauty & Wellness ‘BAR’ 

Austin House, the brainchild of Shirantha Peries , founder of the Mega Pharma  group of companies will be extending his considerably extensive portfolio when he opens the doors of the Austin House Aesthetic Centre to women and men who are looking for a difference in the beauty care and wellness sphere. Peries who has over …

0 Comments | February 18, 2025 3:52 pm

NDB Bank Partners with Bishop’s College to Launch Exclusive Affinity Credit Card

NDB Bank has partnered with Bishop’s College to introduce an exclusive Affinity Credit Card, offering its esteemed alumnae, present parents, teachers and school community a host of financial benefits and privileges. The official signing ceremony commemorating this significant partnership took place on January 29, 2025, in the presence of representatives from NDB Bank and Bishop’s…

0 Comments | February 18, 2025 3:40 pm

TikTok Hosts BookTok Workshop at Galle Literary Festival 2025

TikTok, the global home of creative expression and storytelling, brought the magic of BookTok to life at the prestigious Galle Literary Festival 2025, hosting a workshop on the 9th of February. Designed as an ode to the locally beloved #BookTok community, the session aimed to empower creators and book lovers by exploring how they can…

0 Comments | February 18, 2025 1:54 pm

Growing the Cultural Landscape: Curatorial Conversations with Suhanya Raffel

The Geoffrey Bawa Trust launched its 2025 Curatorial Conversations Series on January 27th, with a presentation by M+ Museum director and Geoffrey Bawa Trustee Suhanya Raffel. Speaking at the new Bawa Space on Horton Place, Raffel drew on extensive experience in the museum and art world to present insights and programming from the M+ Museum…

0 Comments | February 18, 2025 1:17 pm

HNB Announces Winner of Exclusive “Anthem of the Seas” Cruise Experience

Sri Lanka’s leading retail bank, Hatton National Bank PLC (HNB), proudly announces the winner of its grand seasonal promotion, awarding an exclusive, fully paid cruise experience for two aboard the luxurious “Anthem of the Seas” to Isuru Amarasekara. The promotion, which ran from November 5 to December 31, 2024, rewarded HNB Credit Cardholders for their…

0 Comments | February 18, 2025 1:06 pm

Analysis

Priorities in Focus: Will Budget 2025 Address Sri Lanka’s Agricultural Challenges?

By Dr Manoj Thibbotuwawa and Dr Lakmini Fernando Public expenditure on agriculture as a share of total government spending has decreased from 6.4% to 2% between 2014 and 2023. The irrigation subsector receives most of the agricultural spending (41%), with subsidies accounting for a high 26%. Change to funding priorities necessary to address critical concerns….

0 Comments | February 13, 2025 11:07 am

Arson, Oxygen & the Chinese!

By Prof. Samitha Hettige Chinese Astronauts (Taikonauts) in Shenzhou -19 recently simulated natural photosynthesis taking the human race one step forward on board China’s space station ‘Tiangong’. They for the first time produced oxygen & the ingredients for rocket fuel. Scientists believe that these are key steps essential for human survival & space explorations.  12…

0 Comments | February 13, 2025 10:33 am

SVAT abolition will affect Tea exports & income of 480,000 tea smallholder farmers

The members of Tea Exporters Association (TEA) are concerned over the proposed abolition of SVAT from April 2025 as cashless SVAT system (Suspended VAT) provides exporters with a significant level of relief towards the constraints on their cash flow requirements to fund VAT payments on locally sourced inputs. The SVAT was introduced in April 2011 to…

0 Comments | January 30, 2025 3:41 pm
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MARK MOBIUS TELLS SRI LANKASri Lanka urgently needs a nation branding strategy that will help the island nation be a game-changer - Dr. Udaya IndrarathnaLotus Tower officially declared openAgreement signed to develop East container terminal at Colombo PortUpdate from Washington: US Foreign Policy towards China and South Asia and what it means for Sri LankaEaster Day attacks are a blow in the economy at large, not just tourism industryILO Launches Report on the Future of Work in Sri LankaMacroeconomic Impact of the Budget 2019Fiscal Impact of the Budget 2019Harry Jayawardena @ KPMG's post Budget ForumDissecting Budget 2019Sri Lanka Economic Association – Annual Sessions 2018Land reclamation for Port City completedSri Lanka Targeting 3 Million Tourists in 2019Susantha Ratnayake bids farewell to JKH, Balendra junior in as ChairmanThe economy cannot operate isolation - PallewattaDo we have the money to pay our obligations coming due next year? Answer is yes.CBSL Governor Dr. Indrajit Coomaraswamy, addressing 22nd Annual General Meeting of the ACGMr. Ranjit Page addressing the 2nd Annual General Meeting of the Sri Lanka Retailers’ AssociationCentral Bank issues a new series of coinsUS$ 184 million spent to defend Rupee - CBSL GovernorSri Lanka PM Ranil ‘Concerned on rebalancing of the Global Order’ at World Economic Forum on ASEANSri Lanka Economic Summit 2018 - Keynote Address Mr. Arun M Kumar - Chairman and CEO, KPMG IndiaSL at risk of exchange rate crisis - NomuraSumal Perera suggests Dhammika Perera should be the Next Presidential Candidate at Fireside ChatSL's IT/BPM Marks $1.2 Bn in Revenue - EDBContent creators can now monetize via YouTube in Sri Lanka!There are about 20 other reports like of the bond scam - Auditor GeneralA rapid development in coming 18 months - PMEconomic growth cannot be achieved with a small marketSL Rupee should be allowed to float – IMFSri Lanka highly important in terms of business in South Asia - Petri PeltonenSri Lanka blessed with rich natural resources we can only dream about - Harri KämäräinenGovt planning new national economic strategy – Prof. Lalith SamarakoonSri Lanka rupee hits record lowMonetary Board decides to reduce SLFR by 25 bpsEU delegation highlights need for further progress on human rightsTourism Minister requests diplomats to invite countrymen to visit SLSri Lanka statistics office withdraws GDP dataJapan-Sri Lanka Business Forum held under President's patronageEvening with a Corporate Leader : Mr Dhammika PereraThere is scarcity of talent - Kathy Tingate, Director HR, Microsoft Asia PacificGas cylinder prices to be increased?Budget Openness: Sri Lanka Needs Higher StandardsStock Market continues strong start to the year with the second listing of 2018United States GSP program expires on Dec 31President to request Russia to withdraw tea banJAT Holdings could go public in SingaporeLVL Energy Fund announces Rs. 1.2 billion IPO to fund its strategic growth and expansionWe still haven't found all the dead bodies - PMA budget office to be established in parliament by the end of 2018 - Minister EranWe have a serious concern about debt distress – CBSL GovernorPetroleum Minister Arjuna Ranatunga explains cause for fuel shortageAnika Wijesuriya has fled country due to threats - AG's DeptSri Lanka and Finland to ink agreement on digitalizationMorison PLC unveiled to mark new eraDSL Enterprises joins with Little Hearts social welfare projectPM inaugurates largest naval vessel to be produced in SLAG's dept grills PTL legal officers over litigation errorPresident declares open star class hotel in Nuwara EliyaFormer CB Governor questioned on Greek bond investmentsNew Inland Revenue Bill to be tabled on FridayRevelations at treasury bond commission by former EPF SuperintendentBOI should be closed down - Justice MinisterAloysius asked to hand over personal electronic devices to bond commissionSri Lanka Customs launches online payment platform for declarationsSri Lanka’s tallest building gets shaky from the startBeneficiaries of EPF will have to pay taxes - BandulaWe need an export oriented economy - PMRavi Karunanayake on why he switched from finance to foreign affairsSL looking to import fabric to meet new demand due to GSP+ - Felix Fernando18% duty on fish exports to be lifted under GSP+GSP+ is granted to encourage govt. towards reforms - Tung-Lai MargueNew tax revenue proposal to increase government coffers - RaviDHL is committed to enhancing its investments in SLHambantota port deal is a major plus, will benefit country - CB GovernorDerana launches Derana SME Club with IDBWe will bring in new legislation – PMSL’s first A320 touches down at BIAAll securities issued by the government are absolutely safe – CB GovernorSri Lanka spending Rs 35 billion to import milk powder - HarshaGoogle internet balloon plan hits a legal snag - HarinLAUGFS Creates History at HambantotaFinance Minister calls CB Governor a hospital attendant - VIDEOEPF can buy over all companies in Sri Lanka, says Premier – VIDEOHandunnetti questions how Perpetual Treasuries gained heavenly wisdom – VIDEOLondon Stock Exchange Group opens new technology facility in Sri Lanka - VIDEO
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A Crisis If Economy Does Not Grow – Sujeewa Mudalige & Talal Rafi

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