MANUFACTURING ACTIVITIES GROW
The manufacturing Purchasing Managers’ Index (PMI) recorded a 12 month high of 65.6 index points in March, up from 55.6 index points in February
UNDP SUPPORTS DISASTER RESILIENCE
The UNDP in Sri Lanka and the Ministry of Disaster Management launched a project in support of the government’s vision of helping Sri Lanka ‘build back better’ after disasters
IMF REFORM FUNDING APPROVED
The IMF has approved the fourth tranche of Sri Lanka’s Extended Fund Facility (EFF) arrangement following discussions with officials in Colombo
FUNDING FOR WOMEN LED BUSINESS
Sri Lanka’s women led businesses are expected to receive more support between 2018 and 2020 as a result of a Women Entrepreneurs Finance Initiative (We-Fi) grant to the
SRI LANKA-VIETNAM CONSULTATION
Sri Lanka and Vietnam reaffirmed their commitment to consolidate and advance bilateral political and economic cooperation at the third Sri Lanka-Vietnam political consultation held in Colombo
BUSINESS DELEGATION TO LONDON
Minister of Industry and Commerce Rishad Bathiudeen stated that the Department of Commerce of Sri Lanka (DoCSL) would be organising numerous informative
SRI LANKA JOINS MARINE ALLIANCE
British Prime Minister Theresa May named Sri Lanka as one of the countries joining Britain in the Commonwealth Clean Oceans Alliance, which aims to ban microbeads in rinse-off
SRI LANKA-AFRICA COOPERATION
A meeting was recently held between Ambassador of Sri Lanka to Ethiopia and Permanent Representative to the African Union Sumith Dassanayake and Director of the United Nations Educational
INITIATIVE TO GUIDE ESG DISCLOSURES
The Colombo Stock Exchange (CSE) and Global Reporting Initiative (GRI) formalised an agreement to provide guidance to
ECONOMIC CORRIDOR TO CREATE JOBS
The Asian Development Bank (ADB) has proposed an economic corridor development plan that could potentially generate 1.2 million jobs by 2030.
FUTURE IMPACT OF DIGITISATION
Nearly 85 percent of jobs would be transformed in the next three years while the rest would disappear as a result of global digital transformation, a top official of Microsoft Sri Lanka revealed.
DISCUSSIONS AT EXPORTER FORUM
A range of issues were taken up at the Export Development Board’s (EDB) 13th Exporters Forum, which looked to provide exporters with a venue to express their grievances.
LIGHT RAIL TRANSIT SYSTEM OUTLINE
A statement on recent cabinet decisions reveals that the government is looking to establish a light rail transit (LRT) system in a bid to establish an efficient and effective passenger transport system in the Colombo area
AGRIBUSINESS TIE-UPS TO BE PROMOTED
Secretary to the President Austin Fernando stated that smallholder agribusiness partnerships (SAPs) will be promoted as a part of the government’s Vision 2025
SRI LANKA A LEADER: UN AMBASSADOR
Outgoing Permanent Representative of Sri Lanka to the UN in Geneva Ambassador Ravinatha Aryasinha stated that Sri Lanka makes its best contributions to the international
NEW TAX ACT COMES INTO EFFECT
The Inland Revenue Department (IRD) of Sri Lanka stated that the new Inland Revenue Act came into effect on 1 April. The act is expected to simplify taxes and ease the
STATE RECORDS IMPROVED REVENUE
Minister of Finance and Mass Media Mangala Samaraweera stated that the government had witnessed a vast improvement in revenue over the past 18 months, thereby enabling it to achieve a
BOI ENCOURAGES INVESTMENT GROWTH
The Board of Investment (BOI) recently held an investor facilitation and networking event to establish a dialogue and engage with investors who have reinvested in Sri Lanka
IAEA SUPPORT FOR NUCLEAR ENERGY
The IAEA has reiterated its continued support for Sri Lanka in areas such as nuclear medicine, non-destructive testing in industry and providing assistance in introducing nuclear energy
DIGITAL PAYMENTS BENEFIT COLOMBO
Increasing the use of digital payments could provide Colombo with US$ 200 million in annual net benefits, an independent study conducted by Roubini ThoughtLab and commissioned by Visa reveals
