Visa celebrates Sinhala & Tamil New Year with Special Rewards for Sri Lankan Visa Cardholders
Colombo, Sri Lanka – April 03, 2025 – Visa (NYSE: V), the global leader in digital payments, has announced a special campaign to celebrate Sinhala & Tamil New Year in a more festive manner during this season with a series of offers for their cardholders in Sri Lanka (Special Rewards for Sri Lankan). The new festive […]
Exporting Trouble: How US-Led Tariffs Are Squeezing Sri Lanka’s Export Economy
In recent years, global trade has taken some unexpected turns. The rise of protectionist policies—especially tariffs imposed by the United States on various countries—has had ripple effects far beyond the initial targets(Exporting Trouble). While Sri Lanka hasn’t been directly caught in the crosshairs of every trade war, the indirect impact of US-led tariffs is starting […]
The Ease of Doing Business in Sri Lanka: Opportunities and Challenges for Entrepreneurs
Sri Lanka, with its strategic location in South Asia and a well-educated workforce, has long attracted attention as a potential business hub. But how easy is it to actually start and run a business in the island nation? The Ease of Doing Business in Sri Lanka, as per the World Bank’s Doing Business 2020 report, […]
Brain Drain in Sri Lanka: Can the Nation Retain Its Talent?
Introduction In recent years, Sri Lanka has seen a significant rise in the migration of skilled professionals—an issue commonly referred to as “brain drain.” Doctors, engineers, IT professionals, academics, and even entrepreneurs are increasingly choosing to live and work abroad(Brain Drain in Sri Lanka). This growing trend poses a critical challenge to the nation’s economic […]
Elon Musk Merges X with xAI in $33 Billion Deal – A Bold Leap Toward the AI-Powered Future
In a landmark move that underscores the evolving synergy between social media and artificial intelligence (AI), Elon Musk has orchestrated the sale of X (formerly known as Twitter) to his AI enterprise, xAI, in an all-stock transaction valued at $33 billion. This strategic merger is poised to redefine the landscape of digital communication and AI […]
Visa Commits to Support Women Entrepreneurs in Sri Lanka during International Women’s Month 2025
Colombo, March 28, 2025: Visa (NYSE: V), the global leader in digital payments reiterated its support to women entrepreneurs across Sri Lanka as a part of its International Women’s Month celebrations across the world, by stating a firm commitment towards financial inclusion and digitization of women-led businesses, and hosted women from different walks of life […]
Beyond the IMF: Why Sri Lanka’s Future Depends on Deep Economic Reforms
In a recent public lecture facilitated by the Central Bank of Sri Lanka, Dr. Indrajit Coomaraswamy, former Governor of the Central Bank and a distinguished economist, emphasized that while the International Monetary Fund’s (IMF) support is crucial, it is not a panacea for Sri Lanka’s economic challenges(Economic Reforms). He underscored the imperative need for comprehensive […]
The Rise of Digital Entrepreneurship and the Gig Economy in Sri Lanka
In the wake of Sri Lanka’s ongoing economic challenges, a silent revolution is taking place—one that’s reshaping how young Sri Lankans work, earn, and build their futures. This transformation is being driven by digital entrepreneurship and the growing gig economy, offering new pathways beyond the conventional 9-to-5. A Shift in Mindset: From Job Seekers to […]
Sri Lanka’s Economic Recovery: Are IMF Funds and Reforms Doing the job right?
Three years after Sri Lanka’s economic collapse shook the nation—empty fuel pumps, darkened homes, and inflation that once hit 69.8%—the island is clawing its way back(Economic Recovery). The International Monetary Fund (IMF) has been a lifeline, pumping $1.34 billion into the economy by March 2025 as part of its $2.9 billion Extended Fund Facility (EFF) […]
Challenges Facing Tax Policy in Sri Lanka
Despite reforms, Sri Lanka faces several ongoing tax challenges: Sri Lanka’s tax-to-GDP ratio hovers around 8% to 9%, one of the lowest in South Asia. This limits the government’s ability to fund infrastructure, education, healthcare, and social welfare programs. Many high-income earners and businesses underreport earnings. A lack of enforcement, coupled with loopholes in tax […]
