AS THE NEW CORONAVIRUS spreads illness, death, and catastrophe around the world, virtually no economic sector has been spared from harm. Yet amid the mayhem from the global pandemic, one industry is not only surviving, it is profiting handsomely. “Pharmaceutical companies view Covid-19 as a once-in-a-lifetime business opportunity,” said Gerald Posner, author of “Pharma: Greed, […]

President to inaugurate Ceylon Chamber Sri Lanka Economic Summit

                      Sri Lanka’s Foremost Economic Summit will be inaugurated by President Gotabaya Rajapaksa as the Chief Guest on 1 December. The Summit is themed ‘Roadmap for Take-off: Driving a People Centric Economic Revival’. The President will also deliver the inaugural address. Prime Minister Mahinda Rajapaksa […]

Xiaomi becomes second largest smartphone brand in Sri Lanka

Xiaomi, a global technology leader, announced that it has become the second largest smartphone brand in Sri Lanka, as per leading market research firm, IDC’s latest Worldwide Quarterly Mobile Phone Tracker, Q3 2020 Report. The brand has made it to this position for the first time since it started its operations back in 2018. The […]

“Dialogue with Legends of Sri Lanka Tourism” – 1

       (This discussion was hosted by Mr. Gemunu  Goonewardene by creating an environment through questions with the guest to direct himself to the definite.)     Tell us about how you started your career? Back in the late seventies, I joined The John Keells Group as a Management Trainee. I was indeed fortunate to […]

Tourism investment process, streamlined

Sri Lanka Tourism Development Authority (SLTDA) has made the tourism investment process easy by streamlining the project approval process and the facilitation services provided by the Investor Relations Unit (IRU) – the unit established within SLTDA as the centralized facilitation arm for tourism investments in the country. The key objective of this effort is to […]

Sri Lanka signs agreement for another Rs. 16.5 billion from China

Sri Lanka has signed an agreement to secure another Rs. 16.5 billion (600 million RMB) from China. The Chinese Embassy in Sri Lanka said that an agreement on Economic and Technical Cooperation was signed between Sri Lanka and China providing Rs. 16.5 billion in grant assistance. The agreement was signed between the Chairman of China’s […]

English Tea Shop wins Great Game of Business All Star International Champion

Sri Lanka’s English Tea Shop, which markets premium organic tea to 50 countries, won the prestigious Great Game of Business All Star Award 2020 – International Champion having demonstrated a sustainable continuity in its business model showcasing profitability even through COVID-19. The Company inculcates the best practices of open-book management (OBM) which encourages a shared […]