Indunil Hewage

‘businesses need to adopt more transformative initiatives’

Sri Lankan businesses need to adopt more transformative initiatives to address infrastructure deficiency by improving transportation infrastructure and childcare facilities to promote women...

Nestle mulls export more locally manufactured products

Sri Lanka’s unit of Swiss food multinational Nestle is eyeing opportunities to increase the export volume of its locally manufactured products while continuing to pursue its...
NEDA EMS to promote local SMEs to international market

National Enterprise Development Authority (NEDA) which plays a vital role as a facilitator to create an entrepreneurship culture in Sri Lanka launched a new database, called...
EDB mulls export expansion in US market

Sri Lanka needs to make greater efforts to get into the US market using the United States Generalized System of Preferences (GSP) scheme as a tool while ensuring that buyers...
Banks to use EMV technology to thwart ATM frauds

Sri Lankan banks are working together to enhance their ATM networks to EMV chip capability and also to achieve 100% EMV chip card issuance which will help prevent skimming...

Local enterprises should rely on innovation and efficiency - Malwatte

Local enterprises should rely on innovation and efficiency, not on government subsidies or import duty concessions all the time to thrive in a more competitive global marketplace, Chairperson of Sri...
‘srI Lanka needs more development banks to spur local businesses’

Sri Lanka needs more development banks to spur the growth of local businesses, particularly the SME sector development activities.SMEs are considered as the backbone of the economy and it accounts...
Lack of digital confidence at board level jolt to growth of organizations

The concept of digital is not deeply embraced by senior board members at some large corporations in Sri Lanka and lack of digital confidence at board levels hurts the growth of organizations to a...
SLFLPMA URGES GOVT TO USE ITS CESS INCOME FOR BETTERMENT OF INDUSTRY

Sri Lanka Footwear and Leather Products Manufacturers Association (SLFLPMA) made a request to Sri Lankan policy makers to utilise the cess income, received from footwear and leather industry to spur...
Ageing population, opportunity for business expansion

Sri Lanka’s rapidly ageing population will offer so many opportunities for businesses and create a positive impact on the overall economy if Sri Lanka puts right policies in place, Lakshman...
‘South Asia can enjoy considerable upside by promoting regional integration’

South Asia, the least integrated region in the world can enjoy considerable upside by promoting regional integration at a time when the Doha round multilateral trade negotiations are at an impasse,...
Lack of trust, bane to trade and development in South Asian region - CB Governor

Development of South Asian countries will depend on the social norms and mindsets of the people; however, lack of trust has greatly inhibited trade and development in the South Asian region.As per...
South Asian region looking for alternative mechanisms to avoid mistrust-Ambassador

People in the South Asian region are looking for alternative mechanisms to avoid mistrust among countries and revitalise the momentum of regional cooperation, despite the slowest progress made by...
‘Regional Collaboration key to unlock investment opportunities’

Regional Collaboration would unlock investment opportunities for domestic firms and would attract more investment from the rest of the region by creating more stable financial markets by opening up a...
EDB seeks green light from Quarantine Authorities in China

Sri Lanka Export Development Board (EDB) has made a formal request to the Quarantine Authorities of China for obtaining quarantine clearance for in a bid to support Sri Lankan Agri-entrepreneurs in...
More should be done to win confidence of exporters - Ramal J.

With the implementation of the National Export Strategy (NES), much work is left to be done in terms of winning confidence of the export community said Ramal Jasinghe, immediate Past President of...
Stakeholders fail in providing venture capital to SMEs - report

Venture capital has not been a popular source of capital to date in Sri Lanka. Almost all state and private banks operate their own venture capital firms, but there are almost no providers of venture...