Business Today Sri Lanka - May 2023

In this issue

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?

Today, Sri Lanka has Embarked on the Path of Renaissance

Let's move the country forward together

10+ mins

BUSINESS TODAY TOP 40 2021 - 2022

It’s the 25\" 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.

10+ mins

NBA now allows Players to use Cannabis, removing Random Drug Testing for THC

The NBA made headlines when it was announced that the association would eliminate its ban on marijuana and remove random drug testing for the plant. The recent news is a significant step forward for both athletes and the cannabis industry

1 min

Samsung shipped 1.38 billion Smartphones in five years, 30% more than Apple

The world's two largest smartphone producers, Apple and Samsung, have been battling for their share in the global smartphone market for over a decade

2 mins

Pathfinder Foundation Proposes a Medium and Long-term Strategy for the Economic Transformation of Sri Lanka with Indo-Japanese Collaboration

The Official Launch of the Report on “A Medium and Long-term Strategy for Indo-Japanese Collaboration to Support the Economic Transformation of Sri Lanka”, prepared by the Pathfinder Foundation with the assistance of a panel of experts, was held in Colombo. Ali Sabri, Minister of Foreign Affairs, was the event’s Chief Guest, with Gopal Bagley, High Commissioner of India, and Mizukoshi Hideaki, Ambassador of Japan, gracing the occasion

2 mins

Shopify, OnlyFans, and BitCloud Three Top-Grossing Creator Economy Companies in 2022 with $8.7B in Combined Revenues

Over the past years, the creator or influencer economy has boomed, enabling individual creators, influencers, podcasters, TikTokers, and YouTubers to make six-figure earnings from their businesses

1 min

Top investing apps register 100 million downloads milestone

The rise of investment apps has been one of the biggest trends in the financial industry in recent years, with millions of people turning to mobile platforms to manage their money

3 mins

Three Crypto Firms land on the World's Top 10 leading Fintech Unicorns list

The fintech industry has been growing rapidly, with innovative technologies changing how financial transitions are conducted. One of the most intriguing developments in the space is the rise of cryptocurrency firms which are gaining increasing acceptance among investors and consumers alike to record enormous valuations

3 mins

Milinda Moragoda, Sri Lanka High Commissioner as Guest at the G20 Space Economy Leaders Meeting in India

India assumed the G20 I Presidency in December 2022 and will host the next G20 Summit to be held in September 2023

1 min

Total Number of Content Creators jumped to over 200M in 2022, 53% make less than $100 a year

Over the years, the creator or influencer economy has skyrocketed, enabling individual creators, influencers, podcasters, TikTokers, and YouTubers to earn from publishing their content

2 mins

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Business Today Sri Lanka Magazine Description:

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.