Business Today Sri Lanka Magazine - September 2023

In this issue

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.

How Singapore Built its Premium

When countries struggle to boost investments amid a torrent of corruption and policy inconsistency and are paying the price for poor investment decisions, Singapore tells its story of how it built its reserves from nothing, a third-world country at independence in 1965. Political sagacity to nation-building by its forefathers and their successors, separating business from politics, has helped Singapore become a regional pivot. Everyone wants to learn a lesson or two from them. But even today, having weathered a few storms in the recent past, its leaders are refusing to take its position for granted. 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

10+ mins

The Country Needs an Architecture that is Compatible with Future Climate Changes: President Ranil Wickremesinghe

President Ranil Wickremesinghe emphasized that Sri Lanka has demonstrated a strong commitment to addressing climate change goals

7 mins

People's Leasing Achieves 3.02 Billion Profit After Tax in FY 2022/23

People’s Leasing & Finance has successfully concluded the financial year 2022/23 with an impressive profit after tax (PAT) of 3.02 billion rupees. PLC’s performance exhibited resilience and strength throughout the year, contributing to this outstanding achievement

1 min

President Ranil Wickremesinghe envisions massive development project in Eastern Province akin to Mahaweli Development Project

President Ranil Wickremesinghe addressing a special Committee meeting drew parallels to the successful implementation of the Mahaweli Development Project during the 1980s, affirming a similar commitment to expediting the Eastern Development Project

3 mins

How WeWork Failed

Valued at a whopping $47 billion at one point, WeWork, the workplace real estate renter and one-time poster child of the effervescent startup culture is wobbling today. On the cusp of bankruptcy, today analysts are saying the same thing in one chorus. 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

10 mins

SLT-MOBITEL Enterprise maps pathway for organizations to accelerate digital transformation with a game-changing Multi-Cloud journey

Akaza Multi-Cloud Service from SLT-MOBITEL Enterprise provides businesses with numerous advantages. The robust multicloud platform, featuring VMware, Microsoft Azure Stack, and Oracle PCA, stands out in the market

3 mins

Strategic Roadmap for Transforming 'Arugam Bay' into a High-Income Tourist Destination

President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue

5 mins

A New Program is Essential to Propel the Plantation Industry Forward, Encompassing the Tea Sector: President Ranil Wickremesinghe

President Ranil Wickremesinghe emphasized the necessity for a novel program to drive forward the plantation industry in Sri Lanka, encompassing the tea sector. He stressed that this program should be accurately crafted, integrating contemporary digital techniques

4 mins

Inflation: Progress and the Path Ahead

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

8 mins

Which Countries are the Next Big Players in the International Cannabis Industry?

President Ranil Wickremesinghe has announced the swift implementation of a comprehensive plan to elevate the Arugam Bay tourist zone into a highly desirable destination for both local and international tourists, with the potential to generate substantial revenue

2 mins

Read all stories from Business Today Sri Lanka

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.