Business Today Sri Lanka - August 2024

In this issue

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.

Nirmala Sitharaman's Budget 2024: A Comprehensive Analysis

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.

7 mins

BOC Empowers SME Export Entrepreneurs through Export Circle

In a significant move towards empowering SME exporters around the country, BOC has partnered with the Ceylon Chamber of Commerce (CCC) to conduct province-wise capacity-building programs for potential and existing export SME customers in all provinces.

2 mins

President Ranil Wickremesinghe Inaugurates the University of Science and Technology in Batticaloa

President Ranil Wickremesinghe stated that the influence of threatening politics should eliminated from the university system to ensure that students can pursue their education freely.

2 mins

Navigating the Future: Sam Altman and Brian Chesky on AI and Societal Change

In a candid and insightful conversation moderated by Lester Holt, Sam Altman, CEO of OpenAI, and Brian Chesky, CEO of Airbnb, delved into the profound impact of artificial intelligence (AI) on society. This interview explored the rapid advancements in AI, the ethical considerations surrounding its use, and the future trajectory of this transformative technology.

4 mins

The Rise of India as a Global Economic Power

India, with its vast population and burgeoning economy, is rapidly emerging as a global economic power.

3 mins

Japan Ready to Resume Suspended Official Development Assistance Projects

Dr. IZUMI Hiroto, the head of the Japanese delegation visiting Sri Lanka, lauded the successful completion of the country's debt restructuring process, noting that it has paved the way for the resumption of Japanese Official Development Assistance (ODA) projects.

2 mins

From Modest Beginnings to Global Leadership: Tim Cook's Journey and Vision for Apple

In an extraordinary interview, Apple CEO Tim Cook 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. This engaging dialogue offers a unique perspective on the daily responsibilities of a leader managing a USD 3 trillion enterprise, and explores Cook's personal history, core values, and ambitions for Apple's future.

5 mins

The Country needs a Political Culture that Prioritizes National Interests over Traditional Politics

President Ranil Wickremesinghe emphasized the importance of a political culture that prioritizes the nation over traditional politics for the country’s advancement.

8 mins

The Business Sector Saw More than Half a Billion M&A Deals in the Past Decade

AIthough 2023 saw less than 40,000 mergers and acquisition (M&A) deals, considerably less than at the market peak in 2021, this figure still pushed the ten-year total to impressive highs.

2 mins

Each Apple worker now worth USD 22 million, 20 times more than Amazon's

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.

1 min

The True National Asset: The Youth, Not Failing State Enterprises

President Ranil Wickremesinghe stated that restructuring lossmaking public institutions will enable the government to allocate more resources to education and healthcare.

3 mins

DFCC Bank Marks Environment and Oceans Day with Dual Projects for Ecosystem Conservation

DFCC Bank marked World Environment Day and World Oceans Day with a Mangrove Restoration Project at Waikkal and a Reforestation Project at Riverston in the Knuckles Mountain range. DFCC aims to be 'The Bank for Green Finance'' by 2030 and were the first in Sri Lanka to receive Green Climate Fund accreditation.

1 min

NSB Felicitates Top Students of the Scholarship Exam with Hapan Scholarships

The National Savings Bank (NSB) felicitated the students who achieved the best marks in the island, in grade five Scholarship Examination 2023, with Hapan Scholarship Awards.

1 min

NDB Certified in Latest ISO 27001:2022 for Information Security Management

National Development Bank is the first Sri Lankan bank to be certified to the latest ISO 27001:2022 for its Information Security Management System (ISMS), reflecting its commitment to upholding global standards and protecting information assets.

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.