Indunil Hewage

Govt to enact Cyber Security Act within next two months

Sri Lankan government is planning on enacting the Cyber Security Act within the next two months in an ambitious drive to protect cyber space and citizens from emerging cyber threats.The Act will...

youlead.lk to promote entrepreneurship

U.S. Agency for International Development-(USAID) funded, youth employment and entrepreneurship technology platform, youlead.lk was launched yesterday in Colombo, in...
‘Bureaucracy should re-design business plans’

The bureaucracy of the country, led by the Central Bank, the Ministry of Finance, the Colombo Stock Exchange and many other important institutions need to re-look and re-...
‘Country needs high tech process for FDI data collection’

Sri Lanka needs to do away from paper based methods, using to capture FDI figures; instead the country should focus on digitizing processes to collect FDI data in order to...
Diversification of Lankan economy, must to garner more economic benefits

The diversification of Sri Lankan economy and the greater representation of the diversified companies in the local stock market will help Sri Lanka to better garner more...

NCE applauds methods introduced to promote key export sectors

The National Chamber of Exporters of Sri Lanka (NCE) welcomed the national budget 2019, as it reflects the government policy of pursuing an outward oriented growth strategy to better garner set...
Implementation of Budget proposals, evaluating impact vital

The Budget proposal to expand Sri Lankan Government’s IT initiative to facilitate Arts to the Science internship program, where the industry would train 1,000 unemployed youths, mostly arts graduates...
Prima Ceylon Celebrates landmark 40 Years in Sri Lanka

Prima Ceylon, the flagship company of Prima Group Sri Lanka celebrated four decades of successful partnerships in Sri Lanka, growing together with the nation at an event recently held in Trincomalee...
‘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 ambitious growth targets...
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 NEDA-Enterprise...
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 are aware of GSP, said Dr...
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 frauds, as per the...
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...