Category: Business and Economy

Sri Lanka is restructuring its SME sector by consolidating agencies into a new Industrial Transformation and Innovation Authority (ITIA) to foster a cohesive, export-oriented ecosystem, Chathuranga Abeysinghe, Deputy Minister of Industry and Entrepreneurship Development told the American Chamber of Commerce of Sri Lanka (AmCham) CEO Forum 2026 held in Colombo recently. The ITIA will be…

The administration aims to double the economy to $200 billion and increase per capita income to $10,000 within a decade by strengthening the production economy and implementing fiscal reforms, Dr. Harshana Suriyapperuma, Secretary to the Treasury told a CEO Forum held in Colombo recently. In his keynote note Dr. Suriyapperuma outlined a strategic roadmap for…

The United States is committed to expanding trade, opening markets for American exports, and championing private sector-led growth, when countries create transparent systems, strengthen rule of law, and create predictable regulatory environments, American businesses respond with investment, innovation, and long-term partnership, Charge D’Affaires Jayne Howell, US Embassy in Sri Lanka told a CEO Forum held…

Sri Lanka Tourism Development Authority (SLTDA) statistics revealed that the number of foreign tourists who have visited the country so far this year has exceeded eight hundred thousand. Marking a significant progress in the first two months of this year, 740,634 foreign tourists had arrived in the country by the end of March. Including 68,961…

The Intergovernmental Group of Twenty-Four (G24) has urged wealthier nations and multilateral development institutions to step up support for developing countries struggling with the economic fallout of the ongoing conflict in the Middle East, while stressing that domestic resource mobilisation remains critical for long-term resilience. G24 Chair and Nigeria’s Minister of Finance and Coordinating Minister…

Leading Sri Lankan companies gained significant exposure at the recent CIFE Expo held in Dongguan, Guangdong Province, China, highlighting the country’s vibrant export potential. Imagiland Group’s CEO, Bean, shared key insights from this milestone event, emphasising the strong presence of Sri Lankan products and promising business prospects. At the Sri Lankan national pavilion, five distinguished…

RMD Consultants (Pvt) Ltd, a leading HR consultancy specialising in human resources management, has announced its 3rd public Japanese Management Training Programme (MTP), starting May 6. This programme also marks the 60th MTP batch conducted in Sri Lanka, reinforcing RMD’s reputation in management development and organisational excellence. The six-week programme, held at a leading four-star…

Strengthening its footprint in Sri Lanka’s competitive fashion retail sector, Fashion Bug opened a newly developed wing at its Colpetty branch on February 18. This milestone reflects the brand’s continued investment in enhancing customer experience and expanding its portfolio. The Colpetty branch, established in 1998 as the Fashion Bug’s third outlet and first venture into…

Step into elegance with our handcrafted batik cotton sarees, where tradition meets modern sophistication. Each piece is a unique work of art, created with vibrant colours and intricate designs that reflect the beauty of Sri Lankan craftsmanship. Made from breathable cotton, Très Jolie sarees are comfortable for everyday wear, yet versatile enough to grace office…

Motadata, a leading provider of Unified Observability and ServiceOps solutions, empowers enterprises with an AI-powered unified platform that delivers complete visibility, control, and intelligence across complex IT environments. By bringing observability and service management together under a single integrated stack, Motadata helps organizations proactively streamline operations, reduce downtime, and align IT performance with business outcomes.…