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Port City Colombo attracts 100+ companies as authorised persons
Port City Colombo has achieved a significant milestone, on-boarding 100+ companies as Authorised Persons (AP’s), as of August 24th, 2024. These companies represent a diverse range of sectors identified to the Colombo Port City Special Economic Zone, including IT, Finance, Professional Services, Shipping, Logistics, Tourism, Healthcare, Real Estate Development, and Global Capability Centres. Among these […]
IFC Partners with Diversity Collective Lanka and Women in Management to Promote Respectful Workplaces in SL
The International Finance Corporation (IFC) has joined forces with Diversity Collective Lanka (DCLK) and Women in Management (WIM) to launch a first-of-its-kind training program aimed at combating gender-based violence and harassment (GBVH) in Sri Lanka’s private sector. The two-year training of trainers initiative will enhance business and social outcomes by promoting respectful workplaces and empowering […]
Sri Lanka’s First Natural Gas Power Plant Launched by President
President Ranil Wickremesinghe emphasized that the renewable energy sector should become the primary driver of economic growth in Sri Lanka over the next decade, similar to how the garment industry was developed as a key economic sector by the government in 1977. The President highlighted that the government has a strategic plan to transform Sri […]
Government Reaches Agreement with IMF to Revise PAYE tax Policy, says President
President Ranil Wickremesinghe announced that the government has reached an agreement with the International Monetary Fund (IMF) to revise the Pay As You Earn (PAYE) tax, a significant concern for the public. He assured that following further discussions, relief measures would be implemented as soon as possible. “With the appreciation of the rupee, the cost […]
Fortude Ignite WomenTech internship 2024 empowers future tech leaders
The Fortude WomenTech Internship 2024, which commenced in August2024 following a selection from over 1,400 applications, marked two intense weeks of immersive learning. Aligned with Fortude’s objective of achieving a balanced gender representation by 2027, the Ignite internship program serves as a testament to the company’s commitment to equal opportunities, ensuring growth and development for […]
Sri Lanka Law College Unveils New Digital Platform to Enhance Legal Education
The Sri Lanka Law College successfully launched its new website https://www.sllc.ac.lk/home developed with the support of the European Union-funded ‘Support to Justice Reform (JURE)’ project. This project is jointly implemented by the United Nations Development Programme (UNDP) and UNICEF in Sri Lanka and facilitated by the Ministry of Justice. The website was launched yesterday at […]
MAS Holdings named official clothing partner of the National Paralympic Committee of Sri Lanka
MAS Holdings was announced as the Official Clothing Partner of the National Paralympic Committee of Sri Lanka (NPC) during the official unveiling and handover event on 14th August 2024. As part of this partnership, MAS will provide the Ceremonial kit for all Sri Lankan para-athletes, along with the track, swim, and wheelchair tennis kits for […]
‘s economy
In the high-stakes world of trade and logistics, corruption at Sri Lanka’s customs, IRD, ports, and airports is not just an inconvenience—it’s a crisis that’s crippling the nation’s export sector. Outdated, manual systems have become breeding grounds for corruption, where bribery and inefficiency rule, bleeding exporters dry and stifling economic growth. The country stands at […]
Sri Lanka’s Industries call for reduction in water tariffs to boost competitiveness
A collective of trade associations including the Joint Apparel Association Forum (JAAF), the Federation of Chambers of Commerce and Industry in Sri Lanka (FCCISL), the European Chamber of Commerce in Sri Lanka (ECCSL), the Exporters Association of Sri Lanka (EASL), the International Chamber of Commerce Sri Lanka (ICCSL), and the National Chamber of Exporters (NCE), […]
‘s pre-poll announcements of subsidies and pay hikes
Transparency International Sri Lanka (TISL), in its role as an election watchdog that scrutinizes the misuse of public resources for election propaganda during the Presidential Election 2024, highlights that the Government’s recent pre-poll announcements on providing various subsidies and salary increments are a blatant and intentional violation of election laws. The Government last week announced that the […]