ECONOMYNEXT – Sri Lanka’s small defaulting borrowers with loans below 25 million rupees will be given time till December 2025 to restructure loans after a parate execution suspension ends in March 2025, President Anura Kumara Dissanayake said. The suspension on…
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ECONOMYNEXT – Sri Lanka has negotiated with the International Monetary Fund to raise the income tax threshold to 150,000 rupees a month from the current 100,000 rupees, President Anura Kumara Dissanayake said. “The wages of a person earning 150,000 rupees…
Traditionally recognized in the fields of agriculture and tourism, Sri Lanka has often been overlooked as a hub for technological innovation. Twinery, the innovation arm of global apparel tech leader MAS Holdings, is redefining this narrative as it proudly announces…
ECONOMYNEXT – Sri Lanka witnessed foreigners selling its government securities for the first time in 13 weeks after the island nation saw foreign inflow of nearly $100 million in the previous 12 straight weeks, the Central Bank data showed. Analysts…
<!– –> Posted by Editor on December 18, 2024 – 1:32 pm (Photo made by Microsoft Copilot) The Sri Lankan government has decided to allow the import of vehicles for personal use, effective from February 1, 2025. Sri Lankan President…
ECONOMYNEXT – Sri Lanka’s central government debt fell to 101.8 percent of gross domestic product in September 2024, down from 105.49 percent in December 2023, based on latest official data. Rolling annual GDP was 29,146 billion rupees based on the…
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AmCham Sri Lanka Yuletide Greetings: A Night of Festive Cheer and Community Impact The American Chamber of Commerce in Sri Lanka (AmCham Sri Lanka) hosted its annual Yuletide Greetings on December 13th at the Sheraton Colombo. The event, powered by…
Threads of change: GEAR’s class of 2024 redefines the future of apparel This year, 102 female trainees from leading factories, including Brandix Lanka, Courtaulds Clothing Lanka and Hirdaramani Apparel marked their journey of transformation. There were 81 trainees who moved from…
