In the prestigious list of Lonely Planet’s top 100 beaches for 2024, Mirissa Beach in Sri…
By adminMirissa Beach in Sri Lanka Secures a Spot in Lonely Planet’s Top 100 Beaches for 2024
By adminPosted on By adminBy adminPosted on By adminSri Lankan Apparel Industry’s Recovery hits $415.6M
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December marked the highest ever performance in a year though the industry ended 2023 with negative growth.
Exports in December amounted to $ 415.6 million as per provisional data from the Joint Apparel Association (JAAF). The December 2023 figure is the highest since December 2022’s tally of $ 451 million.
By adminAI will affect up to 40% of jobs worldwide-IMF Chief says
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AI will affect 40% of jobs worldwide, replacing some and complementing others. We need a careful balance…
By adminCentral Bank of Sri Lanka Unveils A Vision of Economic Resilience for 2024
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Central Bank of Sri Lanka, in a groundbreaking announcement, revealed its strategic vision for 2024, focusing on the adoption of a singular policy rate mechanism. The move aims to bolster economic recovery while concurrently sustaining a low-interest environment and advancing key initiatives like the International Monetary Fund (IMF) program, external debt restructuring, and comprehensive reforms.
By adminSri Lankan Sapphires shine in Louis Vuitton’s Spirit High Jewellery Collection 2024
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Sri Lankan Sapphires are highlighted in Louis Vuitton Jewellery Collection Spirit, giving centre stage to the island’s captivating gems.
By adminSri Lanka’s VAT targets to meet LKR 1,400 Billion in 2024
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Sri Lanka’s VAT is poised to achieve a significant boost in revenue, anticipating a whopping 1,400 billion rupees from the Value Added Tax (VAT) in the fiscal year 2024. This optimistic projection comes in the wake of strategic measures taken to expand the tax base and implement a rate hike, as revealed by officials from the President office in Colombo.
By adminThe convenience of contactless payments
By adminPosted on Given the convenience of contactless payments, Sri Lankans now simply tap their cards to pay while…
By adminSME sector seek temporary halting of parate executions
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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.
By adminBridging the Skills Gap: Sri Lanka’s Employment Challenge
By adminPosted on 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.
By adminSri Lanka’s Economy Surges with a 1.6% Boost in Q3 2023
By adminPosted on 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.
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