Business & Economy

Business & Economy 7 min read

How to register a small business in Sri Lanka: Sole proprietorship vs (Pvt) Ltd vs partnership.

Overview: Choosing the right structure in Sri Lanka In Sri Lanka, most small businesses are set up as a sole proprietorship, partnership, or private limited company ((Pvt) Ltd). The best option for you depends mainly on your risk tolerance, growth plans, tax and compliance burden, and whet...

Jan 09, 2026 1

Entrepreneurship 6 min read

Andrew Carnegie: Steel Tycoon to Philanthropist – Lessons for Sri Lankan Entrepreneurs

Introduction In the annals of global entrepreneurship, Andrew Carnegie stands as a towering figure—a Scottish immigrant who rose from poverty to become the richest man in the world through steel innovation, only to give away nearly his entire fortune. Born in 1835, Carnegie's life exemplifies the po...

Jan 08, 2026 2

Entrepreneurship 5 min read

Dulith Herath: The King of E-Commerce Revolutionizing Sri Lanka's Digital Marketplace

Introduction to Sri Lanka's E-Commerce Pioneer Dulith Herath stands as a towering figure in Sri Lanka's entrepreneurial landscape, rightfully earning the title of the King of E-Commerce. As the Founder and Chairman of Kapruka.com, Sri Lanka's largest e-commerce organization, Herath has transformed h...

Jan 08, 2026 1

Entrepreneurship 7 min read

Nikitha Grero: Building Educational Excellence and Entrepreneurial Success in Sri Lanka

Introduction: A Vision for Sri Lankan Excellence In the landscape of Sri Lankan entrepreneurship, few names resonate with the same combination of educational innovation and business acumen as Nikitha Grero. As the Group Director and Chief Visionary Officer of Lyceum International Schools, alongside...

Jan 06, 2026 1

Imports & Exports 5 min read

Sri Lanka’s Coconut Exports Surpass USD 1 Billion in 2025, Marking a Major Economic Leap

Sri Lanka's Coconut Export Triumph: Crossing the USD 1 Billion Mark In a historic achievement for Sri Lanka's agricultural sector, coconut and coconut-based product exports surged past USD 1 billion for the first time, reaching USD 1.0339 billion from January to October 2025. This milestone, announc...

Jan 06, 2026 1

Business & Economy 1 min read

Emergency Finance and Trade: Shielding Sri Lanka's Export Engine

Cyclone Ditwah threatened Sri Lanka's $12 billion export engine—40% apparel, 15% tea/rubber—but swift multilateral emergency finance preserved vital foreign exchange and 2 million jobs. ADB's $40 million trade guarantees enabled 500 exporters to secure working capital despite $200 million cyclone d...

Dec 24, 2025 1

Business & Economy 2 min read

From Stability to Growth: Is Sri Lanka Back on Global Investors' Radar?

International investor sentiment toward Sri Lanka has warmed significantly, with foreign direct investment (FDI) surging 15% to $507 million in January-October 2025, signaling confidence in post-crisis stability and President Dissanayake's reform trajectory. Apparel captured 40% ($200M) via Indian/...

Dec 24, 2025 1

Business & Economy 1 min read

Sri Lanka's Recovery "Still Incomplete": What That Means for Ordinary People

The World Bank characterizes Sri Lanka's post-crisis trajectory as "strong but incomplete," with poverty rates 10% above 2019 levels and 25% of households grappling with food insecurity despite 5.4% Q3 growth. Macro indicators shine—reserves $5.2B, inflation 5.8%, debt stabilizing—but micro-level s...

Dec 24, 2025 1

Business & Economy 3 min read

Cyclone Ditwah's $2B Damage to Sri Lanka: Economic Toll and Recovery Path

Cyclone Ditwah struck in early December 2025 with devastating force, inflicting an estimated $2 billion in damages across Sri Lanka's Eastern and Northern Provinces, contracting GDP growth by 0.5-0.7% and displacing over 500,000 people from their homes. The storm's torrential rains flooded 150,000...

Dec 24, 2025 1

Business & Economy 3 min read

Sri Lanka Budget 2026: 16% Revenue Target to Slash Debt – Family Impacts

President Anura Kumara Dissanayake unveiled Budget 2026 with an ambitious projection of government revenue reaching 16% of GDP, equivalent to Rs3.2 trillion, a significant leap from 14.5% in 2024 and a cornerstone for reducing public debt below 97% of GDP. This fiscal roadmap, presented amid 5.4% q...

Dec 24, 2025 1

Business & Economy 4 min read

Sri Lanka's 5.4% Growth: Recovery or Mirage?

Sri Lanka's economy surged 5.4% year-on-year in the third quarter of 2025, delivering its most vigorous expansion since the devastating 2022 financial crisis that triggered sovereign default and widespread hardship. According to the Department of Census and Statistics, this impressive growth was pr...

Dec 24, 2025 1

Business & Economy 1 min read

Cyclone Ditwah's Toll on Tourism and Exports: Recovery Timelines

The tourism and export sectors are facing a challenging Q1 2026 following the devastation of Cyclone Ditwah. While major resort chains in the south remained largely intact, coastal SMEs and agricultural exports suffered significant disruptions. The Sri Lanka Tourism Development Authority (SLTDA) ha...

Dec 23, 2025 1