Sri Lanka Unveils Vision for Sustainable Tourism Growth at WTM 2024
Sri Lanka took a major step toward establishing itself as a sustainable tourism destination by hosting a well-received press conference at WTM 2024. Drawing over 84 prominent UK travel media outlets, the event highlighted the country’s refreshed tourism strategy, centered around sustainability and enhancing Sri Lanka’s unique travel experiences. With top media figures, travel influencers, […]
Sri Lankan President promises PAYE tax reduction by March 2025
President Anura Kumara Dissanayake recently announced that a new budget for Sri Lanka will be presented in February 2025, bringing important tax relief measures, particularly targeting Pay-As-You-Earn (PAYE) tax reductions. Speaking on a televised program, he shared details about the planned budget and the economic changes his government intends to implement to improve living standards […]
වෙළෙඳපොළ ප්රවණතා වෙනස් වීම මධ්යයේ ශ්රී ලංකාවේ අපනයන ඉලක්ක
අපනයන සංවර්ධන මණ්ඩලයේ (EDB) සභාපති මංගල විජේසිංහ මහතා පවසන පරිදි, 2024 වර්ෂය සඳහා ශ්රී ලංකාවේ අභිලාෂකාමී අපනයන ඉලක්කය (Export Goals) වන ඩොලර් බිලියන 16, ආර්ථික අභියෝගවලට සහ අපේක්ෂිත වර්ධනයට වඩා මන්දගාමී වර්ධනයකට මුහුණ දෙමින් පීඩනයට ලක්ව ඇත. ගෝලීය වෙලඳපොලවල් අවිනිශ්චිතව පවතින බැවින්, EDB සිය උපායමාර්ගය නැවත අවධානය යොමු කරන්නේ රෙදිපිළි, ඇඟලුම්, සහ IT/BPO සේවා වැනි […]
Sri Lanka’s Export Goals Face Challenges Amid Shifting Market Trends
Sri Lanka’s ambitious export target of $16 billion for 2024 is under pressure as the country faces economic challenges and slower-than-expected growth, according to Export Development Board (EDB) Chairman, Mangala Wijesinghe. As global markets remain uncertain, the EDB is refocusing its strategy to prioritize stable and high-demand sectors like textiles, garments, and IT/BPO services, while […]
MSMEs call on President for urgent debt recovery reforms amid economic shocks
The Micro, Small, and Medium Enterprises (MSME) Chamber of Sri Lanka has urgently appealed to President Anura Kumara Dissanayake to implement essential reforms in debt recovery. These reforms, aimed at alleviating pressure on small businesses, are especially critical amid Sri Lanka’s challenging economic climate. The MSME Chamber argues that current debt recovery practices under the […]
Clearing Up Misunderstandings on Central Bank Operations: Sri Lanka’s CBSL Addresses “Money Printing” Claims
The Central Bank of Sri Lanka (CBSL) has addressed recent claims suggesting it printed Rs. 100 billion through its Open Market Operations (OMOs) on October 25, 2024. These assertions are incorrect and misrepresent the actual purpose and nature of OMOs, according to a statement from the CBSL. Here, we’ll break down the CBSL’s response, clarify […]
ණය කළමනාකරණය සඳහා ශ්රී ලංකාවේ මාවත
ශ්රී ලංකාව සිය ආර්ථික ප්රකෘතියේ තීරණාත්මක සන්ධිස්ථානයකට එළඹෙමින් සිටින විට, ප්රමුඛ පෙළේ ආර්ථික විද්යාඥයකු විසින් වෙළෙඳාම ඉලක්ක කරගත් නිෂ්පාදනයක් වෙත මාරුවීම හරහා ණය කළමනාකරණය වැඩිදියුණු කිරීමේ මාවතක් ගෙනහැර දක්වා ඇත(Debt Management). 2028 වන විට සැලකිය යුතු ණය ආපසු ගෙවීමක් නැවත ආරම්භ කිරීමට නියමිත අතර, සෞඛ්ය සම්පන්න ප්රාථමික අතිරික්තයක් පවත්වා ගැනීමට සහ එහි සැලකිය යුතු ණය […]
Sri Lanka’s Path to Debt Management: Shifting Towards Trade-Oriented Production
As Sri Lanka approaches a critical juncture in its economic recovery, a leading economist has outlined a path to improve debt management through a shift towards trade-oriented production. With significant debt repayments set to resume by 2028, Emeritus Professor of Economics, Premachandra Athukorala, stresses that a robust strategy focused on export-oriented production is essential for […]
IFS Celebrates $1 Billion Contribution to Sri Lanka
Overview IFS, a global leader in enterprise cloud solutions and industrial AI software, is set to mark a significant milestone with a $1 billion economic contribution to Sri Lanka by the end of this year. This achievement reflects over two decades of active operations in the country, supported by extensive investments, salaries, and community engagement. […]
CSE Turnover Hits Eight-Month High at Rs. 4.8 Billion: A Boost for Sri Lanka’s Stock Market
On Thursday, the Colombo Stock Exchange (CSE) recorded its highest turnover in eight months, reaching an impressive Rs. 4.8 billion. This surge in activity is a clear sign of improved investor confidence and strong market performance, driven mainly by trading in major blue-chip companies and select banks. The day’s trading involved a remarkable 124.7 million […]