Business Today Sri Lanka - February 2024

In this issue

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.

Japanese Finance Minister Commends Impressive Economic Advancements in Sri Lanka

Suzuki Shunichi, Japan’s Finance Minister arrived in Sri Lanka on a two-day official visit aimed at deepening economic relations with the Sri Lankan Government.

1 min

It is Time for New Dreams, New Resolutions and Continuous Accomplishments: PM Modi

His Excellency Filipe Nyusi, President of Mozambique; His Excellency Ramos-Horta, President of Timor-Leste; His Excellency Petr Fiala, Prime Minister of the Czech Republic; Governor of Gujarat Acharya Devvrat Ji; the popular Chief Minister Bhupendrabhai Patel; distinguished guests from Bharat and abroad; other dignitaries; ladies and gentlemen,

6 mins

Global Business Leaders praise Prime Minister Modi's Visionary Approach at the Tenth edition of Vibrant Gujarat Global Summit (VGGS) 2024

Lakshmi Mittal

7 mins

President Ranil Wickremesinghe New Investments for Rebuilding Affirms Trust in Sri Lanka's Economy

L–R: Moderator Mahin Khan, President Ranil Wickremesinghe; Vera Songwe, Founder and Chair of Liquidity & Sustainability Facility; Professor Laura Alfaro of the Harvard Business School; Professor Kenneth Rogoff of Harvard University and Wale Edun, Minister of Finance of Nigeria.

1 min

Plentiful Phones - Trends in the use of Cellular Phones

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. No wonder Sri Lanka has more mobile phones than the country’s population, showing the widespread ownership of mobile phones nationwide. If we leave aside the young population who don’t own a mobile phone, the adults, it seems, are harnessing the benefits of multiple devices for daily navigation.

4 mins

The Opportune Moment for Investing in Sri Lanka's Renewable Energy Sector

President Ranil Wickremesinghe highlighted the present as an opportune moment for investing in Sri Lanka’s renewable energy sector, expressing confidence in its potential to yield substantial benefits for both stakeholders and consumers in the coming decades. I thank the Swiss Asian Chamber of Commerce and their partners in organising this event for the invitation to speak today.

5 mins

Global Disparities between Developing and Developed Nations have grown due to Technology Gaps and concerns of Weapons of Mass Destruction

President Ranil Wickremesinghe with several heads of state.

3 mins

President Ranil Wickremesinghe shares Sri Lanka's Positive Economic Outlook and Reforms at Business Roundtable in Switzerland

Addressing the Business Roundtable organized by BOI Sri Lanka and the Swiss-Asian Chamber of Commerce, during his official tour to Switzerland to attend the 54th Annual Meeting of the World Economic Forum, President Ranil Wickremesinghe highlighted significant strides in Sri Lanka’s economic recovery and outlined future growth prospects.

2 mins

President Ranil Wickremesinghe briefs Indian CEOs on Sri Lanka's Economic Outlook

President Ranil Wickremesinghe took centre stage in a roundtable discussion organized by the Consortium of Indian Industry (CII) and World Economic Forum, unveiling a comprehensive economic vision for Sri Lanka.

1 min

Labor Market Trends

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.

4 mins

President Ranil Wickremesinghe Emphasizes Immediate Reforms in Global Financial Structure

President Ranil Wickremesinghe at the Third South Summit in Kampala, Uganda. Also present were Deputy Prime Minister of Somalia Salah Jama; South Africa's Minister of Foreign Affairs Naledi Pandor and Acting Foreign Minister of the Republic of Sudan Ambassador Ali Al-Sadiq.

2 mins

Global Debt

Imagine every living person in the world, adults, children, and even infants, every ablebodied individual to the not-so-able, having to work for three and a half years to pay off a colossal global debt of $300 trillion. 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. Everyone’s taking stock of the dangers and consequences of unbridled borrowing as the fear of households, businesses, and countries drowning in debt looms.

5 mins

Chef Dharshan Munidasa Awarded 'The Order of The Rising Sun, Gold and Silver Rays'

Chef Dharshan Munidasa, Founder of Nihonbashi and Ministry of Crab, receiving the award from Mizukoshi Hideaki, Ambassador of Japan to Sri Lanka.

1 min

HNB and 3W Global Education join hands to empower students

HNB has entered into a partnership with 3W Global Education to facilitate access to affordable financial solutions for students.

1 min

DFCC Bank introduces Tailored Financial Flexibility for Freelancers

DFCC Bank has introduced DFCC Freelancer, a revolutionary financial solution exclusively tailored to meet the dynamic needs of freelancers.

1 min

Shashi Kandambi as new General Manager and CEO for NSB

Shashi Kandambi, a prominent banking professional, has assumed office as the 19th General Manager and CEO of National Savings Bank (NSB) on January 10, 2024.

1 min

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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.