With rising interest rates, the strengthening of the US dollar and weaker global growth, how acute are the risks
of a systematic sovereign debt crisis in emerging and advanced economies?

The renowned European Society for Quality Research (ESQR) Award received by People’s Leasing & Finance from the European Society for Quality Research was presented to President Ranil Wickremesinghe by Pradeep Amirthanayagam, Chairman of People’s Leasing & Finance, in the presence of Shamindra Marcelline, Chief Executive Officer and General Manager of People’s Leasing & Finance.

Democratic capitalism – the marriage of the market economy with democratic politics – has generated an unprecedented combination of prosperity with political and economic freedom. However, its fragility has also become more evident with the rise of authoritarian populism. What is needed to ensure that democratic capitalism continues to thrive under the stresses of internal frictions, environmental challenges and powerful rival systems?

For several months, the global economy has been grappling with the threat of recession, with investors remaining on the edge as various investment products struggle to live up to expectations.



President Anura Kumara Dissanayake at the inauguration of the first session of the Tenth Parliament.

The cabinet of the National People’s Power (NPP) Government was sworn in before President Anura Kumara Dissanayake.

SLT-MOBITEL achieves Financial Recovery in the Third Quarter of 2024

Starlink, a groundbreaking initiative by SpaceX, is more than just a satellite internet service – it’s a technological revolution aimed at bridging the digital divide.

The tourism industry has experienced a fundamental shift in recent years, largely influenced by changing traveler preferences and new insights from Online Travel Agencies (OTAs), the World Tourism Organization (WTO), and digital channel managers.

President called for collective effort and dedication to ensure the success of the government’s mission.

In an era where sustainable development is no longer a choice but a necessity, the International Monetary Fund (IMF) and the World Bank are pioneering a new path in global finance.

As the Heart to Heart Trust Fund celebrates a decade of transforming lives, it remains a testament to the power of community, compassion, and unwavering dedication.

The Business Today TOP 40 for 2023/24 honors the exceptional resilience, innovation, and leadership of Sri Lanka’s top-performing corporates. As Sri Lanka recovers from an economic downturn, these companies have emerged as trailblazers, driving macroeconomic stability and growth in a transformed business environment. With inflation set to remain in single digits and the IMF-led reform program bolstering sustainable, inclusive development, these businesses have demonstrated their ability to adapt, thrive, and contribute meaningfully to the nation’s economic resurgence.

Dialog Enterprise, the business arm of Dialog Axiata Group, is a premier ICT Business Solutions Provider in Sri Lanka, leading the charge in digital transformation. In a recent conversation with Business Today, Navin Pieris, Group Chief Officer at Dialog Enterprise, outlined the company’s commitment to empowering businesses through innovative, tailor-made solutions.

Hasith Gunasekara is the youngest candidate from the Samagi Jana Balawegaya (SJB).
As he steps into mainstream politics, Hasith brings a fresh perspective and a commitment to differentiate himself from traditional politicians.

Anura Kumara Dissanayake was sworn in as the ninth Executive President of the Democratic Socialist Republic of Sri Lanka.

Parliamentarian Dr. Harini Amarasuriya was sworn in as the new Prime Minister of Sri Lanka at the Presidential Secretariat. She took the oath in the presence of President Anura Kumara Dissanayake.

Tourism is one of the world’s largest industries, and it is continually evolving due to technological advancements, changing consumer behaviors, environmental concerns, and economic fluctuations. The pandemic significantly impacted global travel, but as the world adapts, several notable trends are reshaping the landscape. This article explores the current trends in tourism, with a focus on sustainability, digital transformation, experiential tourism, and the evolving role of travel planning. 

In today’s digital world, tech giants such as Apple, Google, Microsoft, and Nvidia power nearly every aspect of our lives. However, behind the digital services and devices we use daily, these tech companies are running sprawling data centres, global offices, and production facilities that consume staggering amounts of energy.

The global automotive industry is undergoing a revolutionary transformation, driven largely by the rapid growth of the electric vehicle (EV) market. Over the past decade, electric vehicles have transitioned from a niche product to mainstream, fueled by technological advancements, environmental concerns, and shifting consumer preferences. EVs are seen as a crucial step toward reducing global carbon emissions, alleviating dependence on fossil fuels, and paving the way for sustainable transportation systems.

A conversation between two men whose names are synonymous with power and influence: Elon Musk, the tech visionary behind Tesla and SpaceX, and Donald Trump, the 45th President of the United States and a business magnate.

The name Podi Hamuduruwo evokes a sense of fondness towards its bearer, and it was rightly so with Venerable Galboda Gnanissara, the former chief incumbent of the Gangaramaya Temple in Hunupitiya Colombo, who passed away in August. He was an ever-present friend, cheerleader, helper, and advisor. With an attitude of ‘never say never,’ Venerable Gnanissara spoke the language of religion and business with equal fluency and candor.

Founded in the mountainous regions of Sinaloa, Mexico, Sinaloa Cartel grew from humble beginnings to become one of the most powerful and violent drug trafficking organizations in the world.

Cryptocurrency, a digital or virtual currency secured by cryptography, has rapidly evolved from a niche interest into a significant global financial instrument. With the emergence of thousands of different cryptocurrencies, the market has expanded and diversified, drawing attention from investors, governments, and technologists alike. As we stand at a pivotal moment in the development of cryptocurrency, this article explores the current state of the market, regulatory landscapes, technological advancements, and the challenges and future prospects that could shape the future of this dynamic industry.

Finance Minister Nirmala Sitharaman presented the Union Budget for 2024 with a vision to propel India towards sustained economic growth while addressing key sectors such as agriculture, personal finance, infrastructure, tourism, social security, and international cooperation.

Sam Altman, CEO of OpenAI, and Brian Chesky, CEO of Airbnb delved into the profound impact of artificial intelligence on society.

In an extraordinary interview, Tim Cook, CEO, Apple sits down with Dua Lipa for a revealing conversation about his life, leadership at the helm of the world’s largest company and his forward-thinking vision.

India, with its vast population and burgeoning economy, is rapidly emerging as a global economic power.

President Ranil Wickremesinghe stated that the influence of threatening politics should be eliminated from the university system to ensure that students can pursue their education freely.

Apple’s (AAPL) struggles in the initial months of 2024 have been swept away by a string of developments that helped the company reclaim the spot of the most valuable company in the world with a market capitalization of over USD 3.5 trillion.

Dharshan Munidasa has made headlines around the world. Nihonbashi and Ministry of Crab are the only two restaurants in Sri Lanka ranked on Asia’s 50 Best Restaurants List. He made headlines again by becoming the first restaurateur to open in Colombo Port City. He has demonstrated that his restaurants are more than just food.

Sri Lanka’s engagement with the IMF through the EFF-supported program is a pivotal step towards overcoming its severe economic crisis. The successful implementation of the program’s objectives will be crucial for Sri Lanka to achieve lasting economic stability and growth.

Sri Lanka’s economic recovery from bankruptcy is a compelling narrative of strategic international diplomacy, economic reforms, and resilient leadership.

President Ranil Wickremesinghe’s leadership has been pivotal in stabilizing Sri Lanka’s economy and setting it on a path to recovery.

The Stanford Institute for Economic Policy Research hosted an illuminating discussion featuring Gita Gopinath, the first deputy managing director of the International Monetary Fund (IMF).

A new chapter in Sri Lankan history is being written as the nation steps into deep space exploration. In the wake of China’s highly successful Chang’e 6 lunar mission, Professor Wu Weiren, the Chief Designer of China’s Lunar Exploration Program, visit to Sri Lanka has sparked considerable intrigue and excitement.

The President emphasized that a proper plan is essential for addressing the country’s economic challenges. President Wickremesinghe made these remarks during the inauguration ceremony of the Cephalosporin Injectable Plant and the unveiling of the ‘Meldol’ Reliable Relief Manufacturing Facility in Ekala.

Singapore Prime Minister Lee Hsien Loong speaks on ‘The Economy’.

Former Southern Province Governor Willie Gamage is a political veteran. From a student activist and insurgent, he transitioned into mainstream politics and actively engaged in grassroots politics and campaigns. He has served in multiple public service positions since 2005. He is a son of the South and knows its complexities and dynamics, and his return to the province was an opportunity to serve it well.

Dilith Jayaweera, leader of the Mawbima Janatha Pakshaya, is best known for propelling Gotabaya Rajapaksa to prominence and then to power. He is no stranger to controversy and no stranger to spreading sensational stories; Dilith knows that many people love to hate him. They even blame him for being one of those responsible for promoting an inept leadership that led this country to its worst economic crisis.

The corruption case of Vietnamese property magnate Truong My Lan gripped the world’s attention. It was not only for the severity of the sentence she received but the justice system’s success in netting a coterie of influential persons in public office and banking for aiding her decade-long swindling spree.

The high borrowing is undertaken by the Federal Government in recent years has resulted in the U.S public burden hitting $34 trillion by the end of 2023, with forecasts seeing a further jump to between $37 trillion and $38 trillion in 2024.

Near-term global statistics on Electric Vehicle (EV) sales have prompted manufacturers and analysts to contend that the segment’s growth may not be straight line after all.

Singapore’s debt portfolio is a lesson in prudent decision-making, where a
long-term view of its economy governs the process.

Described as an ultra-lax monetary policy, Japan’s economic model has baffled the world.

The Oxford Union debate has come to the forefront with Indian journalist Palki Sharma’s fierce defense of her country.

The Uma Diya Janani multipurpose development project, marked as a significant irrigation initiative, was officially handed over to the public
by the Presidents of Iran and Sri Lanka.

Pavel Durov, founder and owner of messaging app Telegram, has been
an enigma, just like his creation.

By revising the standard’s criteria and embarking on a new collaboration with TextileGenesis, A Lectra Company, the Aid by Trade Foundation (AbTF) is boosting the credentials of The Good Cashmere Standard (GCS) as an independent seal for sustainably produced and traceable cashmere fibers from Inner Mongolia.

President Ranil Wickremesinghe highlighted Sri Lanka’s commitment to agricultural modernization and emphasized the nation’s goal of reducing multidimensional poverty.

A meeting between Chinese President Xi Jinping and Sri Lankan Prime Minister Dinesh Gunawardena was held in Beijing.

The Prime Minister of Sri Lanka, Dinesh Gunawardena, addressed the BOAO Forum for Asia Annual Conference held in Hainan, China.

Suresh Edirisinghe, Chairman and Managing Director of Global Conversions, is making Sri Lanka proud. The UAE-based Sri Lankan company he founded in 2022 is in the business of converting vehicles for the right-hand drive market. He and his team of Sri Lankan mechanics are celebrating the milestone of converting a Hummer EV SUV into a right-hand drive. It was the world’s first.

Larry Summers and Eric Schmidt discussed technology and the Global Economy at FII PRIORITY Miami.

Nishelli Perera co-founded a home-grown nutraceutical company driven by science-based
innovation. In 2016, she and her business partner, Dr Dilshan Balasuriya, launched YETI, a range of isotonic beverages in Sri Lanka. She fuses many experiences, her childhood growing amid extended family members heavily into entrepreneurship, higher education in the United States, and navigating two different work cultures on two continents.

The Governor of the Eastern Province, Senthil Thondaman, emphasized the importance of successfully executing the development projects outlined for the Eastern Province to overcome the country’s debt crisis.

A book launch titled Press Vs. Prez was dedicated to President Ranil Wickremesinghe.

The Japanese Ambassador to Sri Lanka, Mizukoshi Hideaki, expressed Japan’s support for the current program to rebuild the Sri Lankan economy.

Tying remuneration policies to drive the correct behaviour and corporate accountability is the lesson from a recent pay cut imposed on the CEO of a leading Singapore bank, DBS. 

When M S M Rishard started Dinemore in 1997, he had a mission to serve the entire country, every Sri Lankan, provide the space for shared company and conversations, meet friends, and enjoy cheerful night outs.

Regarded as the poster boy of India’s fintech rush and start-up ecosystem, Vijay Shekar Sharma built Paytm into India’s largest digital payment platform and financial services provider.

As we venture into 2024, several countries have emerged as Leading contributors to the world of premium cannabis.

Prime Minister of India, Narendra Modi, President of Sri Lanka, Ranil Wickremesinghe and the Prime Minister of Mauritius, Pravind Jugnauth, jointly inaugurated the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, and also RuPay card services in Mauritius via video conferencing. 

A shift of power we saw worldwide also happened in China, the largest smartphone market globally.

Although currently behind Bernard Arnault and Elon Musk, Jeff Bezos is one of the richest individuals in the world. 

According to data compiled by Finbold, from 2000 to 2024, JPMorgan incurred fines totaling USD 39.34 billion for various violations.

Japanese Finance Minister Commends Impressive Economic Advancements in Sri Lanka
Suzuki Shunichi, Japan’s Finance Minister, arrived in Sri Lanka on a two-day visit aimed at deepening economic relations with the Sri Lankan Government.

In a candid discussion at the World Economic Forum (WEF) stakeholder dialogue titled ‘Pulling back from the brink,’ held in Kurpark Village, Aspen, President Ranil Wickremesinghe outlined short- term strategies aimed at revitalizing Sri Lanka’s economy.

Prime Minister Narendra Modi at the Vibrant Gujarat Global Summit 2024.

Global Business Leaders praise Prime Minister Modi’s Visionary Approach at the Tenth edition of Vibrant Gujarat Global Summit (VGGS) 2024

Sri Lanka is evidence of the power of a small handheld device to fulfill many human needs. Mobile phones and the internet are giving people new opportunities they never had before.

Mere numbers may not be the easiest way to gauge the health of Sri Lanka’s labor market. However, recent data released by the Central Bank of Sri Lanka show changes in labor force participation, falling below 50 percent of the total employable population.

The debt narrative has come to grip an increasingly unstable world, even as many countries have hit the pit with unwholesome debt in recent years.

Saudi Arabian Mining Company (Ma’aden) announces the discovery of significant gold resource potential extending along a 100km strike from the existing Mansourah Massarah gold mine.

Sam Bankman-Fried (SBF), Changpeng Zhao (CZ), and venture capitalist Chamatha Palihapitiya and their business models are under scrutiny and, much to their disadvantage, are seen as no more than being mere capricious financial opportunists.

TYSON 2.0, Mike Tyson’s premier cannabis company, was formed to produce innovative, high-quality cannabis products. 

“The only permanent thing in life is change.” This is a quote we often hear. In the context of organizations, we need to be aware of two types of changes. One is changes within the organization, and the other is changes in the operating environment. If the change in the operating environment is faster and more significant than the changes within the organization, then extinction is inevitable. 

In the vast world of American politics, where power and influence frequently command attention, an intriguing aspect has emerged regarding the financial prowess of various players in the arena. 


I have survived, said President Ranil Wickremesinghe, starting the conversation with Firstpost’s Palki Sharma. He sat with the Indian host to speak on many subjects, a conversation that drew many interesting responses from Wickremesinghe, who, in his inimitable style and well-honed diplomacy, fielded all the questions that conveyed the ubiquitous political maxim ‘a friend to all and enemy of none’.

The Business Today TOP 40 for 2022/23 comes out at an opportune time. It covers a challenging period in Sri Lanka’s history – a time that seemed to stand still. But a year later, through the Business Today TOP 40 award, one witnesses a business landscape that has been on the move against all the odds and ensured the delivery of goods and services to Sri Lankans, and the awards are in appreciation of their response to a nation in need.

Selvendiran Vidyapan, General Manager – Enterprise & SME Products, SLT-MOBITEL, shared valuable insights into the company’s cutting-edge enterprise solutions and digital products propelling businesses towards unprecedented success in today’s digital age.


The BRI and Sri Lanka’s Future through the President’s Lens
President Ranil Wickremesinghe spoke with Chinese media expressing his optimism about the initiative’s potential and prospects for development, his development agenda for Sri Lanka amid the debt and economic crises, and the criticality of pursuing trade and a sustainable development agenda.

Jerome H Powell at the Economic Club of New York
Jerome Powell discusses on the recent economic data and the outlook for monetary policy.

India: Frontiers of Central Banking in Asia
During the World Bank Group – International Monetary Fund Annual Meetings, Reserve Bank of India Governor Shaktikanta Das, discussed on how India tackled the impact of global shocks, effectively, experience with digitalization, in particular with pioneering the Central Bank Digital Currency, and how it has helped to improve financial inclusion, innovation and efficiency.

Indian External Affairs Minister Meets President Ranil Wickremesinghe

President Xi Jinping at the Third Belt and Road Forum for International Cooperation

President Ranil Wickremesinghe Meets Chinese President Xi Jingping

A Comprehensive International Dialogue Essential to Address Global Challenges in 2024

The Number of Bitcoin ATMs Plunge by Almost 7,000 Year-to-Date, the Biggest Drop in the Market’s History

Pan Asia Bank posts Steady Performance in Nine-Month Period in 2023

Born in the USA: You’re $98,000 in debt at birth

World’s Five Youngest Moguls Control $12.3 Billion Fortune; Who are they?

A man of big thoughts but few words, Indra Silva is the unassuming business doyen many would like to learn from. Indra Silva, has quoted success and not controversy in his nearly fifty years in business. Indra Silva is also a humanitarian who reveals the man of action rather than words, quietly reaching out to those in need, his benevolence not on public display.

Chartered architect Rajiv Senanayake has undertaken many projects in Sri Lanka and abroad, from residences to designing, renovating and restoring interiors for corporate, hospitality, institutional and retail spaces. Rajiv is progressive in his sentiments about what he wants for his country to create an enabling environment for all sectors and professions to flourish.

Whistle-blowers accuse KPMG, Ernst and Young, Price Waterhouse Cooper, and Deloitte, dubbed the Big Four, of malpractice and double-dealing-conflict-of-interest behavior.

President Wickremesinghe Addresses Global Financial Distress and Calls for Solidarity at 2023 SDG Summit.

Prime Minister Lee Hsien Loong tells how Singapore, since independence, built its reserves through political will and commitment and has a warning for its next generation of leaders and citizens.

President Ranil Wickremesinghe Visits Arugambay.

WeWork was one of the most hyped startups in recent years. Looking at the case of WeWork, analysts are wondering whether the startup bubble, the darling of modern-day corporate chivalry and the poster child for entrepreneurial genius, is about to fade into the history of vain startups.

Chair Jerome H. Powell delivered a message at “Structural Shifts in the Global Economy,” an economic policy symposium sponsored by the Federal Reserve Bank of Kansas City, Jackson Hole, Wyoming.

Last month’s news of two systemically important financial institutions, Deutsche Bank and Credit Suisse, 19th-century titans in banking, being fined by the US Federal Reserve Board and the UK Prudential Regulatory Authority has become a wake-up call to urge a review of corporate governance and risk management strategies.

President Ranil Wickremesinghe, on his maiden official visit to India after assuming Presidency, conveyed a resolute commitment to strengthen the bilateral ties between India and Sri Lanka.

Lesetja Kganyago, Governor of the Reserve Bank of South Africa, addressing the tenth annual Michel Camdessus Central Banking Lecture 2023 organized by the International Monetary Fund, spoke at length on how emerging markets could leverage the benefits of capital flows for sustainable growth by listing out a set of best
practices to optimize results.

Gautam Adani, Chairman, Adani Group called on Bangladesh Prime Minister Sheikh Hasina in Dhaka following the full load commencement of power supply to Bangladesh from the Group’s Ultra Super-Critical Thermal Power Plant in Godda, India.

That the merger of HDFC Bank with its parent company, Housing Development Finance Corporation Limited, is setting records and catapulting India’s financial institutions into the global top hundred leagues is a cause for celebration for an economy of the size of India, the Poseidon sailing into the vast ocean of economic prosperity.

President Ranil Wickremesinghe calls for Urgent Debt Restructuring and Comprehensive Approach to Support Middle-Income Nations.

President Ranil Wickremesinghe sets an ambitious timeline for Sri Lanka’s debt restructuring and reconciliation efforts.

President Ranil Wickremesinghe meets US Treasury Secretary for Debt Relief discussions, Sustainable Development at Paris Summit.

Jerome H. Powell submitted identical remarks to the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.

India-USA partnership augurs well for democracy: Prime Minister Narendra Modi in his address to the US Congress.

Ministry of Power and Energy signs agreement with RM Parks to ensure uninterrupted fuel supply.

The third edition of the book “Ranil Wickremesinghe – A Political Biography” written by Dinesh Weerakkody, the Chairman of the Sri Lanka Board of Investment, was presented to President Ranil Wickremesinghe at the Presidential Secretariat.

Novak Djokovic won the French Open, his 23rd men’s singles grand slam victory, making him the men’s sole grand slam record holder. Amid high expectations, Djokovic pulled off a record-making win in Paris, demonstrating his years of training in on-court resilience and planning.

Behind the hype and the hoopla of the treble title by Manchester City stands a formidable figure, the strategist doing the queen’s gambit of selecting the team, negotiating, recruiting, and contracting players while being the one to put the arm around the men and unifying the team to ensure success while being able to talk them straight in the face when they need to buck up - Pep Guardiola.


The Collapse of Credit Suisse and Silicon Valley Bank: A Reckoning Moment for the Banking Sector?

In a significant move to address Sri Lanka’s fuel supply challenges, an agreement was signed with Sinopec, a leading
international petroleum company.

President Ranil Wickremesinghe highlights Asia’s Significance at the Nikkei Forum on the Future of Asia in Japan

The Prime Minister, Shri Narendra Modi dedicated the new Parliament House to the nation. The Prime Minister installed the Sengol with Nandi at the top facing East-West direction in the new Parliament House. 

In a special statement delivered to Parliament President Ranil Wickremesinghe announced that Sri Lanka is on the path of renaissance and is re-emerging as a success story, with the expectation of support from the entire nation to carry it forward.

It’s the 25th anniversary year of Business Today Awards. The Business Today TOP 40 companies were recognized for their resilience through challenging times to record growth and contribute to the country’s exchequer. The Awards Ceremony was held at the Presidential Secretariat. President Ranil Wickremesinghe was the Chief Guest. The Award Ceremony brought together politicians, distinguished dignitaries, and business corporates.

WEF: A dramatic period of surging inflation led to the sharpest tightening of monetary policy in decades. Is a radical
rethink by central banks required, or do current targets and toolkits suffice?

Following the 20th party congress, what are the critical economic and political decisions affecting China’s global government and business relations?

Dynamics related to energy security, geopolitical competition, trade, and supply chain fragmentation are at the heart of global discussions to address the ensuing near-term implications while resolving the systemic issues at their core. Saudi Arabia’s Transformation in a changing global context panel at WEF 2023.

Investment banking is a vital aspect of the financial world, offering various services, including underwriting, capital raising, and merger and acquisitions (M&A) advice.

The revenue by Apple Services exceeded that of several established Fortune 500 companies. 

Gold’s significant market capitalisation complements the asset’s historical status as a safe haven for investors seeking to protect their wealth against economic and political uncertainties.

Ceylinco General Insurance and SLT-MOBITEL launched a unique insurance benefit to SLT-MOBITEL customers.



 




Gautam Adani’s speech at the Handover Ceremony at the Port of Haifa, Israel, in the presence of Honorable Prime Minister of Israel, Benjamin Netanyahu.

Liu He, Vice-Premier of the People’s Republic of China, State Council of the People’s Republic of China speaks at Davos 2023. He calls for international cooperation, a global response to climate change and placing economic development as the ‘primary and central task’.

Speech by Lawrence Wong, Deputy Prime Minister and Minister for Finance at IPS Singapore Perspectives 2023.

Turning to India for opportunities as it transforms itself to dominate the world by becoming a great place to put capital.

Mahinda Rajapaksa is the leader extraordinaire for some. He is also a leader who has been praised and riled against in equal measure. Love or hate him, he still retains a following and probably has a prominent place in many people’s hearts. He is a politician who gradually rose through the ranks. Today, Mahinda Rajapaksa says he is a man without power but still believes in uniting all factions for the country’s sake.

Prime Minister Narendra Modi said the Manohar International Airport today is also proof of the changed mindset and approach of the Government regarding the country’s infrastructure.

People’s Leasing and Finance has received another international accolade from the European Society for Quality Research in Brussels, Belgium in their annual recognition program; European Award for Best Practices 2022 for selected companies, public administrations, and organizations representing different sectors.

An interview with Stuart Jamieson, Chief Executive Officer of Obeden.

For some, this is quite a controversial statement. For herb, this is the only way forward. Cannabis is significantly less dangerous than alcohol, tobacco, and many pharmaceuticals.

Over the past 40 years, the Solex Group of Companies (Pvt) Ltd has earned respect and loyalty of many Sri Lankans as the country’s top water pump manufacturer, selling over half a million pumps during the last decade with a clear market share of over 40%.

Delivering the Keynote address at the 21st World Congress of Accountants in Mumbai, Gautam Adani, Chairman of the Adani Group set out his vision of ‘India’s Path to an Economic Superpower.’

India is going to lead and chair this G-20 group. India is working on a vision to bring the whole world together for a common objective: a better future. As emphasized by Prime Minister Modi, their new mantra for G-20 is One Earth, One Family, and One Future.

India’s G20 Presidency will work to promote this universal sense of one-ness.

Business Today TOP 40 2021-2022 recognizes the top corporate performers who reported positive financial growth amidst the turbulent situation of the country. Analyzing the diverse portfolios provides a broader picture of profits and risks undertaken by these corporates as they worked with resilience, passion, and dedication while gracefully embracing the challenges.

The highest rate for employee income is now increased from 18% to 36%. The revenue planners of this country do not like to learn from developed countries how to recover the cost of government services to the people.

Tiran Alles, Minister of Public Security, accepted a challenging portfolio during a difficult time for Sri Lanka. He has restored the strength of the Police to act against lawbreakers. He is determined to take stern action against unlawful protests derailing Government efforts to restore normalcy and rebuild the economy.

Admired for his competence and dedication to resolving the fuel and electricity crises, Minister of Power and Energy, Kanchana Wijesekera has risen the ranks fast to take up a strong cabinet portfolio. He says there’s much work to be done, such as restructuring state-owned institutions like the CEB and the CPC to make them sustainable and profitable.

Diana Gamage, State Minister of Tourism says politics is not her livelihood but indeed runs in her. From a vision to develop tourism through a night economy to leveraging the beautiful places in
Sri Lanka, she proclaims to be for the people and with the people.

Shammi Silva, President of Sri Lanka Cricket, revealed the gamut of work that uplifted the entire sport. With a revamped coaching setup consisting of world-class trainers augmented by the input of former Sri Lankan players, spurred by their love for the sport and without any payback put in their weight behind SLC, the National Team rose from the ashes.

The Interim Budget, to prepare the basic foundation for changing the country’s economic trajectory, was delivered by President Ranil Wickremesinghe at the Parliament.

MP Wajira Abeywardana is a colossus in political matchmaking, strategizing, and sagacity. As he savors his leader Ranil Wickremesinghe’s phenomenal comeback, no less than as Sri Lanka’s President, from the political wilderness of defeat, he is already envisioning a long journey ahead. He is confident of Sri Lanka rising from the ashes to become a force to reckon with so long as the political elite and the people act wisely to give their new leader the space to work.

One-time SJB stalwart and vocal government critic, Minister of Tourism and Lands Harin Fernando, is today cohabiting in a Government he criticized. While explaining that his move to the Government was led by a desire to help rebuild the country, he knows that he remains a pariah among the SJB voters. Buoyant about the tourism industry’s take off amid an economic resurgence under a new presidency, Harin Fernando is a strong proponent of an all-party government and is betting immensely on Ranil Wickremesinghe to deliver as the “healing president” of Sri Lanka.

President Narendra Modi spoke on World Biofuel Day on the set up of new fertilizer plants, the importance of future piped gas connections, and several other areas that drive further the country’s development.

Ceremonial opening of the third session of the Ninth Parliament under the auspices of President Ranil Wickremesinghe.

Our policy-making is based on the pulse of the people: PM Modi

Honorable Ranil Wickremesinghe Sworn in as the Eighth Executive President of Sri Lanka in the Parliamentary Complex

Honorable Dinesh Gunawardena arrive in Parliament for the first time after assuming duties as the Prime Minister

Joint Statement Following the Summit of the Leaders of the United States and the Gulf Cooperation Council (GCC) Countries

World Economic Forum - The Four-Day Week: Necessity or
Luxury?

National Bank of Kuwait Headquarters in Kuwait City Completes

Thusitha Halloluwa has donned many hats in his long political career. Rather not the typical politician but more a ‘cornerman’ for them, Thusitha has officiated as coordinating official to a former president and chief of staff to finance minister and a bevy of ministers in successive governments. Thusitha, who was working with Ranil Wickremasinghe until his ascent to the country’s top job,
says that now is the time for a real “system change” that the country so envisages, which he knows Ranil Wickremasinghe is determined to implement during his tenure as president.

Remaining true to its tagline ‘Bankers to the Nation’, the Bank of Ceylon is proving again that it is resilient as the largest bank in the country by posting outstanding results in a COVID-19 riddled 2021. 14,1Kanchana Ratwatte, Chairman, discloses the Bank’s performance since 2021 and its commitment to support government efforts to rein in the challenges of the economic crisis Sri Lanka is facing right now. He is confident of an economic revival.

World Economic Forum:  A Conversation with Satya Nadella, CEO of Microsoft

Around half of gig workers globally lost their jobs during the pandemic and many of those who kept working lost much of their incomes. 

Not everyone is a good communicator like Sepal Amarasinghe, presenter extraordinaire who is no stranger in Sri Lanka’s influencer ecosystem. The Sepal Amarasinghe YouTube channel has amassed large followership for the novelty that its presenter offers by exploring a plethora of pertinent subjects. At the core of his mission is to see change, a revamped Sri Lanka with a mature population no longer tolerant of deceptive politics and leaders.

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September 2023

Business Today Sri Lanka Magazine - September 2023

The magazine of the corporate world, Business Today features an interesting line-up of interviews with eminent personalities who impact the corporate, commercial and economic sectors. The monthly magazine also includes exclusive articles syndicated from the Harvard Business Review and Financial Times. It has also featured the monthly columns by Richard Branson and Howard Schultz. International interviews featured include Sir Richard Branson, Paul Allen, Howard Schultz, Omar Bin Laden and Sir Jonathan Ive. Articles penned by President Barack Obama and Vice President Joe Biden Jr. have also been featured in the magazine.

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Girish Ramdas is the Co-founder and CEO of Magzter, a New York based startup that has been making waves in the global digital publishing business. Magzter has crossed 80 million users since its inception in 2011 from more than 150+ countries with 1000s of magazines, newspapers and books from more than 4,500 publishers worldwide. He has more than 25 years of experience in cross-platform publishing, including print, mobile, and Web development. During this period, he has co-founded and run three successful start-up businesses. He has enabled magazine companies to go digital and helps them monetize their content across the digital world. Girish's deep industry experience in online, mobile and publishing ecosystems has made him an expert in acquisition, marketing and monetizing digital content across platforms globally.

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Magzter Inc. is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 80 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

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which gives digital readers unlimited access to 9,000+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 88 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

Business Today Sri Lanka Magazine - April 2023

Business Today Sri Lanka Magazine - April 2023

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