ECONOMYNEXT – Violent obstruction of app-based taxis at tourist hotspots by local taxi ‘mafias’ is escalating, harming drivers and their vehicles and also Sri Lanka’s image as a safe tourism destination, a ride-hailing company has said, calling for urgent action.…
ECONOMYNEXT – Viet Nam is looking to further strengthen cultural, economic and people to people links as the 50 years of diplomatic relations is marked in 2025, ambassador Trinh Thi Tam said. “The two countries also keep a very good…
By Prema-chandra Athukorala, Australian National University and Sarath Rajapatirana, Advocata Institute, Colombo (formerly at the World Bank) The distinguished economist Professor Sisira Kumara Jayasuriya, Sri Lanka-born and who spent much of his professional life in Australia, passed away on 18…
ECONOMYNEXT – The British High Commission and Sri Lanka Tourism Development Authority (SLTDA) have started an online course to improve security awareness in the island’s tourism sector. The Counter-Terrorism Awareness eLearning Platform offers certification by SLTDA and the British High…
The British High Commission and the Sri Lanka Tourism Development Authority (SLTDA) introduced a Counter-Terrorism Awareness eLearning Platform aimed at enhancing security awareness and resilience within Sri Lanka’s tourism industry. Modelled after the UK’s successful Action Counters Terrorism (ACT) initiative,…
ECONOMYNEXT – Sri Lanka stocks closed down 1.84 percent on Wednesday dragged by financials, as the market continued a pull-back, brokers said. “We saw another huge decline in the market,” Dimantha Mathew, Chief Research and Strategy Officer at First Capital…
ECONOMYNEXT – Sri Lanka’s new government under President Anura Kumara Dissanayake has been following a different approach on the restructuring of state-owned enterprises (SOEs) under the International Monetary Fund’s bailout package compared to what the last government agreed, Labour Minister…
(AFP) – Sri Lanka’s main elephant orphanage marked its 50th anniversary Sunday with a fruit feast for the 68 jumbos at the showpiece centre, reputedly the world’s first care home for destitute pachyderms. The Pinnawala Elephant Orphanage lavished pineapples, bananas,…
ECONOMYNEXT – Removing the current simplified value added tax (SVAT) system for export factories, without clear well-tested alternative could create cashflow issues for exporters at a time Sri Lanka’s Joint Apparel Exporters Association Forum said. Under a value added tax…
ECONOMYNEXT – Net Profits at Sri Lanka’s National Development Bank grew more than 14 times to 4.88 billion rupees in the December 2024 quarter from 338.5 million rupees a year earlier, helped by a impairment reversal. NDB Bank reported earnings…
