Opening a new chapter in Sri Lankaโ€™s private sector development, incorporation of a new company in Sri Lanka is now possible from the comfort of oneโ€™s own home. Meanwhile, the Department of Registrar of Companies too has reported an increase in revenues. โ€œName reservation of companies could be obtained online.more

Sri Lanka has activated the long awaited free insurance facility to its historic crafts and handicrafts sectors on 6 October. Sri Lanka announced itโ€™s also keen on introducing hi-tech design tools to its craftsmen so that their intricate work could garner better global attention. โ€œVery soon there will be demandsmore

The United Nations Educational, Scientific and Cultural Organization (UNESCO) expressed its interest to help secure Sri Lankaโ€™s Intangible Cultural Heritage  (ICH) on 26 September, while issuing a warning that Sri Lanka is fast losing the prized practices as they โ€˜are fading away rapidly.โ€™ โ€œThere is extraordinary value to Sri Lankaโ€™smore

The initial outlay on Sri Lankaโ€™s largest vocational skilling project announced on 28 August has now increased by a huge 60% from its first value. โ€œDue to some important revisions and re-assessments on ground, the project value has been boosted by another US $ 30 Mn to total at USmore

One of worldโ€™s most dynamic SME and MSME collectives has come forward to support Sri Lankan MSMEs to fulfil its long cherished dream of going global. The offer, made to Lankan SMEs for the first time in its history, also includes free marketing and tech know-how assistance for Lankan SMEs.more

The first hi-tech vocational training centre in Sri Lankaโ€™s Northern Province was launched on 18 September. The US $ 7.6 Mn new facility in Ariya Nagar, Kilinochchi gives Northern youth the sought-after, hi-tech NVQ level course offerings such as IT, electronics and automotive mechanics for the first time. โ€œWe thankmore

Indian industrial investors are preparing for major investment moves in Sri Lankan projects-not only on mega-infrastructure ventures but even on smaller outlays. Indiaโ€™s powerful Confederation of Indian Industry (CII) has, for the first time, expressed its new investment and funding push on Sri Lankan infrastructure projects on 17 September. โ€œSrimore

After a decadeโ€™s efforts involving multiple stakeholders, the first ever national policy for Sri Lankaโ€™s historic cooperative sector is a reality thanks to the backing of International Labour Organization (ILO). The final policy document, called the National Policy on Cooperatives, was presented to Ms Simrin Singh, ILO Country Director formore

No sooner the first ever state run Wheel Alignment Centre (WAC) for the four wheel light vehicle class was launched on 11 September, demand for its services peaked โ€“that too, not from state owned vehicles but from private vehicle owners hungry for trustworthy servicing. โ€œEight vehicles, including high-roof ambulances, havemore

A critical group of Sri Lankan industry sub-sectors is set to reap bigger gains riding on the surges in e-commerce as well as Indian and Asia-Pacific markets. For the first time, Sri Lanka SMEs are receiving governmentโ€™s direct support for their packaging efforts. Meanwhile, Colomboโ€™s 38th international industry expo onmore