Given the convenience of contactless payments, Sri Lankans now simply tap their cards to pay while checking out at a retail store, without the hassles
As the business community awaits a response, there is anticipation for proactive measures to be taken. A collaborative approach between policymakers, financial institutions, and SME representatives could pave the way for a strategic resolution. The government’s role in facilitating economic recovery becomes crucial, and a thoughtful response may involve a reassessment of existing laws and financial restructuring to align with the current economic challenges.
Sri Lanka’s employment challenges can be overcome by addressing the skills gap and thereby ensure greater inclusion in the global workforce. The nation’s journey toward a skilled and competitive workforce requires concerted efforts, focusing on education, vocational training, and strategic policy initiatives.
Sri Lanka’s economic recovery in recent years has been a multifaceted journey marked by resilience, reform, and strategic policy initiatives. The island nation faced significant economic challenges, including high debt levels, a trade deficit, and the impact of the COVID-19 pandemic. However, a series of measures implemented by the government has contributed to a gradual turnaround.
In a remarkable turn of events, Sri Lanka’s tourism industry experienced an unprecedented surge in foreign tourist arrivals, reaching a staggering 153.5% year-on-year increase in
Sri Lanka’s VAT insights give a picture of challenging circumstances. As Sri Lanka prepares to embrace the VAT surge in 2024, it signifies a strategic move to address fiscal challenges head-on. The journey of VAT evolution, coupled with insights from experts, debunks misconceptions and underscores its efficiency in maintaining fiscal equilibrium. The impending changes pave the way for a nuanced understanding of VAT’s role in shaping Sri Lanka’s economic trajectory.
Commitment to national baking industry stresses high quality & excellence training AB Mauri Lanka Pvt Limited, a leader in yeast and bakery ingredient solutions, has
Digital transaction can potentially reach up to Rs 77.2 trillion by 2027. Sri Lanka’s total volume of retail digital transaction can potentially reach up to
The Hambantota Oil Refinery is a Strategic Investment Opportunity for Sri Lanka Given its location in the heart of the Indian Ocean, the Hambantota Oil
AB Mauri, a global leader in bakery ingredients, recognizing star performers with AB Mauri Star Awards 2023 – “Rising Above. Leading the Way.” AB Mauri
