The century old Sri Lankan cooperative sector received the biggest boost in its history when HE the President invited it to sit in the future sessions of the National Economic Council (NEC) on 7 July. Many new relief measures for cooperatives were also announcedโchief among them was exempting cooperatives frommore
The Sri Lankan consumersโ annual expenditure on cigarettes and tobacco is so high it surpasses the countryโs annual bill on milk powder imports. This tobacco expenditure also exceeds another income-the annual export revenue from EU GSP Plus.more
As its bilateral trade and investments with Sri Lanka increased to unprecedented levels, the second largest Arabian economy in the Gulf issued a clarion call for Investment Protection Agreement (IPA) with Sri Lanka on 4 July.more
Along with June 29 price slash of 12.5 Kg cylinder, prices of 5 Kg and 2.3 Kg LPG gas cylinders too have been reduced accordingly.more
Despite an FMCG market decline for two quarters in a row across the country, Sri Lankaโs largest state owned retail chain has successfully boosted its own turnover with stronger numbers to Rs 31 Bn-highest so far.more
Sri Lankaโs construction sector is increasingly played by foreign investments (FDI), rather than locally generated funds. The main reason: The sectorโs annual output value is now totalling to a huge $3 Bn-without even counting values of such mega projects as the Colombo Port City of Hambantota Port related constructions.more
In less than a year after an international coalition of 17 countries and many leading global organisations announced their support in Christchurch, New Zealand, to the ambitious promotion of Social Enterprise (SE) across Asia-Pacific, the Sri Lankan government for the first time announced that its too will actively help themore
Ahead of Sri Lankaโs tobacco industry ban of 2020, the determined industry struck back with its first ever research report directly from its frontlines-the farmer community- unveiling it in Colombo on 26 June.more
Sri Lanka admitted its innovation rankings are low and some work needed in it, ahead of New Yorkโs forthcoming Global Innovation ranking announcement of July 10. Sri Lanka wants its education system too to be involved so that innovation mind-set in the workforce could be developed from early on.more
The Heart of Gulf -the gateway multi-billion Gulf market- is so impressed by the diverse and high-quality range of locally made exportable products in Sri Lanka, it even called them to be โviable investment opportunities for partneringโ.more
Leader of All Ceylon Makkal Congress