Business Today TOP 40 2021-2022 recognizes the top corporate performers who reported positive financial growth amidst the turbulent situation of the country. Analyzing the diverse portfolios provides a broader picture of profits and risks undertaken by these corporates as they worked with resilience, passion, and dedication while gracefully embracing the challenges.

The highest rate for employee income is now increased from 18% to 36%. The revenue planners of this country do not like to learn from developed countries how to recover the cost of government services to the people.

President Ranil Wickremesinghe highlighted Sri Lanka’s commitment to agricultural modernization and emphasized the nation’s goal of reducing multidimensional poverty.

A meeting between Chinese President Xi Jinping and Sri Lankan Prime Minister Dinesh Gunawardena was held in Beijing.

The Prime Minister of Sri Lanka, Dinesh Gunawardena, addressed the BOAO Forum for Asia Annual Conference held in Hainan, China.

Suresh Edirisinghe, Chairman and Managing Director of Global Conversions, is making Sri Lanka proud. The UAE-based Sri Lankan company he founded in 2022 is in the business of converting vehicles for the right-hand drive market. He and his team of Sri Lankan mechanics are celebrating the milestone of converting a Hummer EV SUV into a right-hand drive. It was the world’s first.

Larry Summers and Eric Schmidt discussed technology and the Global Economy at FII PRIORITY Miami.

Nishelli Perera co-founded a home-grown nutraceutical company driven by science-based
innovation. In 2016, she and her business partner, Dr Dilshan Balasuriya, launched YETI, a range of isotonic beverages in Sri Lanka. She fuses many experiences, her childhood growing amid extended family members heavily into entrepreneurship, higher education in the United States, and navigating two different work cultures on two continents.

The Governor of the Eastern Province, Senthil Thondaman, emphasized the importance of successfully executing the development projects outlined for the Eastern Province to overcome the country’s debt crisis.

A book launch titled Press Vs. Prez was dedicated to President Ranil Wickremesinghe.

The Japanese Ambassador to Sri Lanka, Mizukoshi Hideaki, expressed Japan’s support for the current program to rebuild the Sri Lankan economy.

Tying remuneration policies to drive the correct behaviour and corporate accountability is the lesson from a recent pay cut imposed on the CEO of a leading Singapore bank, DBS. 

When M S M Rishard started Dinemore in 1997, he had a mission to serve the entire country, every Sri Lankan, provide the space for shared company and conversations, meet friends, and enjoy cheerful night outs.

Regarded as the poster boy of India’s fintech rush and start-up ecosystem, Vijay Shekar Sharma built Paytm into India’s largest digital payment platform and financial services provider.

As we venture into 2024, several countries have emerged as Leading contributors to the world of premium cannabis.

Prime Minister of India, Narendra Modi, President of Sri Lanka, Ranil Wickremesinghe and the Prime Minister of Mauritius, Pravind Jugnauth, jointly inaugurated the launch of Unified Payment Interface (UPI) services in Sri Lanka and Mauritius, and also RuPay card services in Mauritius via video conferencing. 

A shift of power we saw worldwide also happened in China, the largest smartphone market globally.

Although currently behind Bernard Arnault and Elon Musk, Jeff Bezos is one of the richest individuals in the world. 

According to data compiled by Finbold, from 2000 to 2024, JPMorgan incurred fines totaling USD 39.34 billion for various violations.

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.

Saudi Arabian Mining Company (Ma’aden) announces the discovery of significant gold resource potential extending along a 100km strike from the existing Mansourah Massarah gold mine.

Sam Bankman-Fried (SBF), Changpeng Zhao (CZ), and venture capitalist Chamatha Palihapitiya and their business models are under scrutiny and, much to their disadvantage, are seen as no more than being mere capricious financial opportunists.

TYSON 2.0, Mike Tyson’s premier cannabis company, was formed to produce innovative, high-quality cannabis products. 

“The only permanent thing in life is change.” This is a quote we often hear. In the context of organizations, we need to be aware of two types of changes. One is changes within the organization, and the other is changes in the operating environment. If the change in the operating environment is faster and more significant than the changes within the organization, then extinction is inevitable. 

In the vast world of American politics, where power and influence frequently command attention, an intriguing aspect has emerged regarding the financial prowess of various players in the arena. 


I have survived, said President Ranil Wickremesinghe, starting the conversation with Firstpost’s Palki Sharma. He sat with the Indian host to speak on many subjects, a conversation that drew many interesting responses from Wickremesinghe, who, in his inimitable style and well-honed diplomacy, fielded all the questions that conveyed the ubiquitous political maxim ‘a friend to all and enemy of none’.

The Business Today TOP 40 for 2022/23 comes out at an opportune time. It covers a challenging period in Sri Lanka’s history – a time that seemed to stand still. But a year later, through the Business Today TOP 40 award, one witnesses a business landscape that has been on the move against all the odds and ensured the delivery of goods and services to Sri Lankans, and the awards are in appreciation of their response to a nation in need.

Selvendiran Vidyapan, General Manager – Enterprise & SME Products, SLT-MOBITEL, shared valuable insights into the company’s cutting-edge enterprise solutions and digital products propelling businesses towards unprecedented success in today’s digital age.


The BRI and Sri Lanka’s Future through the President’s Lens
President Ranil Wickremesinghe spoke with Chinese media expressing his optimism about the initiative’s potential and prospects for development, his development agenda for Sri Lanka amid the debt and economic crises, and the criticality of pursuing trade and a sustainable development agenda.

Jerome H Powell at the Economic Club of New York
Jerome Powell discusses on the recent economic data and the outlook for monetary policy.

India: Frontiers of Central Banking in Asia
During the World Bank Group – International Monetary Fund Annual Meetings, Reserve Bank of India Governor Shaktikanta Das, discussed on how India tackled the impact of global shocks, effectively, experience with digitalization, in particular with pioneering the Central Bank Digital Currency, and how it has helped to improve financial inclusion, innovation and efficiency.

Indian External Affairs Minister Meets President Ranil Wickremesinghe

President Xi Jinping at the Third Belt and Road Forum for International Cooperation

President Ranil Wickremesinghe Meets Chinese President Xi Jingping

A Comprehensive International Dialogue Essential to Address Global Challenges in 2024

The Number of Bitcoin ATMs Plunge by Almost 7,000 Year-to-Date, the Biggest Drop in the Market’s History

Pan Asia Bank posts Steady Performance in Nine-Month Period in 2023

Born in the USA: You’re $98,000 in debt at birth

World’s Five Youngest Moguls Control $12.3 Billion Fortune; Who are they?

A man of big thoughts but few words, Indra Silva is the unassuming business doyen many would like to learn from. Indra Silva, has quoted success and not controversy in his nearly fifty years in business. Indra Silva is also a humanitarian who reveals the man of action rather than words, quietly reaching out to those in need, his benevolence not on public display.

Chartered architect Rajiv Senanayake has undertaken many projects in Sri Lanka and abroad, from residences to designing, renovating and restoring interiors for corporate, hospitality, institutional and retail spaces. Rajiv is progressive in his sentiments about what he wants for his country to create an enabling environment for all sectors and professions to flourish.

Whistle-blowers accuse KPMG, Ernst and Young, Price Waterhouse Cooper, and Deloitte, dubbed the Big Four, of malpractice and double-dealing-conflict-of-interest behavior.

President Wickremesinghe Addresses Global Financial Distress and Calls for Solidarity at 2023 SDG Summit.

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.

Last month’s news of two systemically important financial institutions, Deutsche Bank and Credit Suisse, 19th-century titans in banking, being fined by the US Federal Reserve Board and the UK Prudential Regulatory Authority has become a wake-up call to urge a review of corporate governance and risk management strategies.

President Ranil Wickremesinghe, on his maiden official visit to India after assuming Presidency, conveyed a resolute commitment to strengthen the bilateral ties between India and Sri Lanka.

Lesetja Kganyago, Governor of the Reserve Bank of South Africa, addressing the tenth annual Michel Camdessus Central Banking Lecture 2023 organized by the International Monetary Fund, spoke at length on how emerging markets could leverage the benefits of capital flows for sustainable growth by listing out a set of best
practices to optimize results.

Gautam Adani, Chairman, Adani Group called on Bangladesh Prime Minister Sheikh Hasina in Dhaka following the full load commencement of power supply to Bangladesh from the Group’s Ultra Super-Critical Thermal Power Plant in Godda, India.

That the merger of HDFC Bank with its parent company, Housing Development Finance Corporation Limited, is setting records and catapulting India’s financial institutions into the global top hundred leagues is a cause for celebration for an economy of the size of India, the Poseidon sailing into the vast ocean of economic prosperity.

President Ranil Wickremesinghe calls for Urgent Debt Restructuring and Comprehensive Approach to Support Middle-Income Nations.

President Ranil Wickremesinghe sets an ambitious timeline for Sri Lanka’s debt restructuring and reconciliation efforts.

President Ranil Wickremesinghe meets US Treasury Secretary for Debt Relief discussions, Sustainable Development at Paris Summit.

Jerome H. Powell submitted identical remarks to the Committee on Banking, Housing, and Urban Affairs, U.S. Senate.

India-USA partnership augurs well for democracy: Prime Minister Narendra Modi in his address to the US Congress.

Ministry of Power and Energy signs agreement with RM Parks to ensure uninterrupted fuel supply.

The third edition of the book “Ranil Wickremesinghe – A Political Biography” written by Dinesh Weerakkody, the Chairman of the Sri Lanka Board of Investment, was presented to President Ranil Wickremesinghe at the Presidential Secretariat.

Novak Djokovic won the French Open, his 23rd men’s singles grand slam victory, making him the men’s sole grand slam record holder. Amid high expectations, Djokovic pulled off a record-making win in Paris, demonstrating his years of training in on-court resilience and planning.

Behind the hype and the hoopla of the treble title by Manchester City stands a formidable figure, the strategist doing the queen’s gambit of selecting the team, negotiating, recruiting, and contracting players while being the one to put the arm around the men and unifying the team to ensure success while being able to talk them straight in the face when they need to buck up - Pep Guardiola.


The Collapse of Credit Suisse and Silicon Valley Bank: A Reckoning Moment for the Banking Sector?

In a significant move to address Sri Lanka’s fuel supply challenges, an agreement was signed with Sinopec, a leading
international petroleum company.

President Ranil Wickremesinghe highlights Asia’s Significance at the Nikkei Forum on the Future of Asia in Japan

The Prime Minister, Shri Narendra Modi dedicated the new Parliament House to the nation. The Prime Minister installed the Sengol with Nandi at the top facing East-West direction in the new Parliament House. 

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?

With rising interest rates, the strengthening of the US dollar and weaker global growth, how acute are the risks
of a systematic sovereign debt crisis in emerging and advanced economies?

The renowned European Society for Quality Research (ESQR) Award received by People’s Leasing & Finance from the European Society for Quality Research was presented to President Ranil Wickremesinghe by Pradeep Amirthanayagam, Chairman of People’s Leasing & Finance, in the presence of Shamindra Marcelline, Chief Executive Officer and General Manager of People’s Leasing & Finance.

Democratic capitalism – the marriage of the market economy with democratic politics – has generated an unprecedented combination of prosperity with political and economic freedom. However, its fragility has also become more evident with the rise of authoritarian populism. What is needed to ensure that democratic capitalism continues to thrive under the stresses of internal frictions, environmental challenges and powerful rival systems?

For several months, the global economy has been grappling with the threat of recession, with investors remaining on the edge as various investment products struggle to live up to expectations.



Following the 20th party congress, what are the critical economic and political decisions affecting China’s global government and business relations?

Dynamics related to energy security, geopolitical competition, trade, and supply chain fragmentation are at the heart of global discussions to address the ensuing near-term implications while resolving the systemic issues at their core. Saudi Arabia’s Transformation in a changing global context panel at WEF 2023.

Investment banking is a vital aspect of the financial world, offering various services, including underwriting, capital raising, and merger and acquisitions (M&A) advice.

The revenue by Apple Services exceeded that of several established Fortune 500 companies. 

Gold’s significant market capitalisation complements the asset’s historical status as a safe haven for investors seeking to protect their wealth against economic and political uncertainties.

Ceylinco General Insurance and SLT-MOBITEL launched a unique insurance benefit to SLT-MOBITEL customers.



 




Gautam Adani’s speech at the Handover Ceremony at the Port of Haifa, Israel, in the presence of Honorable Prime Minister of Israel, Benjamin Netanyahu.

Liu He, Vice-Premier of the People’s Republic of China, State Council of the People’s Republic of China speaks at Davos 2023. He calls for international cooperation, a global response to climate change and placing economic development as the ‘primary and central task’.

Speech by Lawrence Wong, Deputy Prime Minister and Minister for Finance at IPS Singapore Perspectives 2023.

Turning to India for opportunities as it transforms itself to dominate the world by becoming a great place to put capital.

Mahinda Rajapaksa is the leader extraordinaire for some. He is also a leader who has been praised and riled against in equal measure. Love or hate him, he still retains a following and probably has a prominent place in many people’s hearts. He is a politician who gradually rose through the ranks. Today, Mahinda Rajapaksa says he is a man without power but still believes in uniting all factions for the country’s sake.

Prime Minister Narendra Modi said the Manohar International Airport today is also proof of the changed mindset and approach of the Government regarding the country’s infrastructure.

People’s Leasing and Finance has received another international accolade from the European Society for Quality Research in Brussels, Belgium in their annual recognition program; European Award for Best Practices 2022 for selected companies, public administrations, and organizations representing different sectors.

An interview with Stuart Jamieson, Chief Executive Officer of Obeden.

For some, this is quite a controversial statement. For herb, this is the only way forward. Cannabis is significantly less dangerous than alcohol, tobacco, and many pharmaceuticals.

Over the past 40 years, the Solex Group of Companies (Pvt) Ltd has earned respect and loyalty of many Sri Lankans as the country’s top water pump manufacturer, selling over half a million pumps during the last decade with a clear market share of over 40%.

Delivering the Keynote address at the 21st World Congress of Accountants in Mumbai, Gautam Adani, Chairman of the Adani Group set out his vision of ‘India’s Path to an Economic Superpower.’

India is going to lead and chair this G-20 group. India is working on a vision to bring the whole world together for a common objective: a better future. As emphasized by Prime Minister Modi, their new mantra for G-20 is One Earth, One Family, and One Future.

India’s G20 Presidency will work to promote this universal sense of one-ness.

Tiran Alles, Minister of Public Security, accepted a challenging portfolio during a difficult time for Sri Lanka. He has restored the strength of the Police to act against lawbreakers. He is determined to take stern action against unlawful protests derailing Government efforts to restore normalcy and rebuild the economy.

Admired for his competence and dedication to resolving the fuel and electricity crises, Minister of Power and Energy, Kanchana Wijesekera has risen the ranks fast to take up a strong cabinet portfolio. He says there’s much work to be done, such as restructuring state-owned institutions like the CEB and the CPC to make them sustainable and profitable.

Diana Gamage, State Minister of Tourism says politics is not her livelihood but indeed runs in her. From a vision to develop tourism through a night economy to leveraging the beautiful places in
Sri Lanka, she proclaims to be for the people and with the people.

Shammi Silva, President of Sri Lanka Cricket, revealed the gamut of work that uplifted the entire sport. With a revamped coaching setup consisting of world-class trainers augmented by the input of former Sri Lankan players, spurred by their love for the sport and without any payback put in their weight behind SLC, the National Team rose from the ashes.

The Interim Budget, to prepare the basic foundation for changing the country’s economic trajectory, was delivered by President Ranil Wickremesinghe at the Parliament.

MP Wajira Abeywardana is a colossus in political matchmaking, strategizing, and sagacity. As he savors his leader Ranil Wickremesinghe’s phenomenal comeback, no less than as Sri Lanka’s President, from the political wilderness of defeat, he is already envisioning a long journey ahead. He is confident of Sri Lanka rising from the ashes to become a force to reckon with so long as the political elite and the people act wisely to give their new leader the space to work.

One-time SJB stalwart and vocal government critic, Minister of Tourism and Lands Harin Fernando, is today cohabiting in a Government he criticized. While explaining that his move to the Government was led by a desire to help rebuild the country, he knows that he remains a pariah among the SJB voters. Buoyant about the tourism industry’s take off amid an economic resurgence under a new presidency, Harin Fernando is a strong proponent of an all-party government and is betting immensely on Ranil Wickremesinghe to deliver as the “healing president” of Sri Lanka.

President Narendra Modi spoke on World Biofuel Day on the set up of new fertilizer plants, the importance of future piped gas connections, and several other areas that drive further the country’s development.

Ceremonial opening of the third session of the Ninth Parliament under the auspices of President Ranil Wickremesinghe.

Our policy-making is based on the pulse of the people: PM Modi

Honorable Ranil Wickremesinghe Sworn in as the Eighth Executive President of Sri Lanka in the Parliamentary Complex

Honorable Dinesh Gunawardena arrive in Parliament for the first time after assuming duties as the Prime Minister

Joint Statement Following the Summit of the Leaders of the United States and the Gulf Cooperation Council (GCC) Countries

World Economic Forum - The Four-Day Week: Necessity or
Luxury?

National Bank of Kuwait Headquarters in Kuwait City Completes

Thusitha Halloluwa has donned many hats in his long political career. Rather not the typical politician but more a ‘cornerman’ for them, Thusitha has officiated as coordinating official to a former president and chief of staff to finance minister and a bevy of ministers in successive governments. Thusitha, who was working with Ranil Wickremasinghe until his ascent to the country’s top job,
says that now is the time for a real “system change” that the country so envisages, which he knows Ranil Wickremasinghe is determined to implement during his tenure as president.

Remaining true to its tagline ‘Bankers to the Nation’, the Bank of Ceylon is proving again that it is resilient as the largest bank in the country by posting outstanding results in a COVID-19 riddled 2021. 14,1Kanchana Ratwatte, Chairman, discloses the Bank’s performance since 2021 and its commitment to support government efforts to rein in the challenges of the economic crisis Sri Lanka is facing right now. He is confident of an economic revival.

World Economic Forum:  A Conversation with Satya Nadella, CEO of Microsoft

Around half of gig workers globally lost their jobs during the pandemic and many of those who kept working lost much of their incomes. 

Not everyone is a good communicator like Sepal Amarasinghe, presenter extraordinaire who is no stranger in Sri Lanka’s influencer ecosystem. The Sepal Amarasinghe YouTube channel has amassed large followership for the novelty that its presenter offers by exploring a plethora of pertinent subjects. At the core of his mission is to see change, a revamped Sri Lanka with a mature population no longer tolerant of deceptive politics and leaders.

Rethinking and Revitalizing Travel ad Tourism - Travel and Tourism were severely impacted by COVID-19, with trillions of dollars in GDP and over 60 million jobs lost in 2020, and the sector is now at further risk from conflict.

The 'Mona Lisa' of cars, a 1955 Mercedes-Benz 300 SLR Coupe - A road-racing car built by Mercedes-Benz in 1955, and kept by them ever since has been secured by British expert Simon Kidston for a client.

Prime Minister Narendra Modi addresses a foundation stone laying ceremony of development projects in Chennai.

Tamim Bin Hamad Al Thani, Amir of the State of Qatar, stated that maintaining international peace and security is a priority for the state of Qatar while actively playing a role in developing regional and international policy development surrounding both energy and the environment.

The World Economic Forum Annual Meeting 2022 convenes at the most consequential geopolitical and geo-economic moment of the past three decades and against the backdrop of a once-in-a- century pandemic. The meeting brought together over 2,000 leaders and experts from around the world; all committed to a “Davos Spirit” of improving the state of the world.

Prime Minister Modi interacts with the Indian Badminton contingent for Thomas Cup and Uber Cup.

Prime Minister Modi delivers a speech at Madhya Pradesh Startup Conclave and encouraged the steps taken by the youth toward the country’s development.

CEO Bonuses at the Top 10 Tech Giants Soared 400% amid the Pandemic.

During COVID-19, Values-based Banks Continued Delivering Higher Growth Rates than the World’s Biggest Banks.

At the event of the newly constructed Prime Ministers’ Museum, Prime Minister Narendra Modi stated the importance of the Government working relentlessly to bring the cultural splendor and all the inspirational events and personalities related to the country’s freedom movement before the public.

Prime Minister Lee Hsien Loong announced that Finance Minister Lawrence Wong had been endorsed by the Ministers and the PAP MPs as leader of the fourth generation (4G), paving the way to becoming Singapore’s new Prime Minister.

Prime Minister Hsien Loong spoke on the key lessons from the pandemic experience and commended the work of the public services. He also emphasized the need to build up the reservoir of trust in the society, find new opportunities, create new jobs, improve lives, and strengthen the social compact with the support of the public services.

Three international events provide insight into lessons on how Sri Lanka can learn and focus on development.

Airbus Delivered Three Times More Aircraft than Boeing amid the Pandemic.

On The Rise: Demand for Travel to Southeast Asia Increases as Borders Reopen.

Rohan Fernando, Chairman of SLT Group, detailed the Group's journey through 2021, opining on the commitment to clean management that drove a culture of change for the first time within the SLT Group, resulting in savings, and optimization of resources, and streamlining of skewed business operations. Sri Lanka Telecom Group consisting of SLTMobitel and many other services redefined the ICT landscape by extending its reach as far as possible.

Dr. Thiyagarajah Iraivan, Chief Executive Officer, Melsta Health, elaborated on how Melsta Health's value proposition had turned their new healthcare facilities into profitability since their takeover while continuing to expand into their subsidiary healthcare services.

Blockchain Centre CEO says Cryptocurrency will render some bank services Tadas Maurukas, Chief Executive Officer at Blockchain Centre has stated that when it comes to the matter of cryptocurrencies, "regulators can't ignore it anymore."

Speech by His Excellency President Gotabaya Rajapaksa on 74th Independence Day.

Minister of Irrigation, State Minister of National Security and Disaster Management, and the State Minister of Home Affairs, Chamal Rajapaksa’s mission as a people’s representative for over 30 years has been to transform the district and the lives of its people through irrigation development.

NOLIMIT’s new store at Colombo City Center (CCC) is designed with an expression of sheer elegance exuding a radiant ambiance. The new store reflects a beautiful blend of artistic architecture and design.

Attracting foreign capital has always been an integral part of the Colombo Stock Exchange’s (CSE) strategic plan. With that, companies founded in Sri Lanka can raise money in a foreign currency through the CSE, fulfilling the dual role of providing foreign currency-denominated capital for business growth and eliminating investor currency exposure from stock buying.

President Gotabaya Rajapaksa at the Inaugural Meeting of the Ninth Parliament emphasized the initiatives undertaken by the Government towards the development of the nation. He also underlined that while successfully encountering short-term problems, the primary responsibility is to continue implementing the long-term development program to the country’s people and endorsed by a majority.

Prime Minister Narendra Modi commended all startups and the innovative youth who are raising the flag of India in the world of startups. He also believes that the golden age of India’s startups is starting now, and that role in building a grand India on completing 100 years of its independence is immense.

A testament to Sri Lanka’s centuries-old tryst with Tea is Basilur – a finely infused addition to the tea literature of brews that define the quintessentially world-renowned Ceylon Tea brand.

Xi Jinping, President of the People’s Republic of China, addressing the Davos Agenda discussed China’s initiatives to boost its economic, social recovery, and development plans.

At World Economic Forum’s Davos Agenda, Prime Minister Narendra Modi stated that the multi- lingual and multi-cultural environment Indians live
in is an excellent power of India and the whole world.

From the impact of a new COVID variant to continued inflation, governments will continue to face economic challenges in 2022. Speakers at the Davos Global Economic Forum: Kristalina Georgieva, Managing Director, International Monetary Fund; Christine Lagarde, President, European Central Bank; Kuroda Haruhiko, Governor, Bank of Japan; Sri Mulyani Indrawati, Minister of Finance, Ministry of Finance of Indonesia; and Paulo Guedes, Minister of Economy, Ministry of Economy of Brazil.

President Gotabaya Rajapaksa at the 96th Commissioning Parade of Sri Lanka Military Academy

PM Lee Hsien Loong at Launch of “A History Of The People’s Action Party, 1985–2021”

Fed Chair Jerome Powell Press Conference

The Urban Development Authority Investment Forum 2021 aimed to attract local and foreign investments to invest in real estate projects in the Authority and facilitate the achievement of a US$ 6 billion target of local and foreign investment by the end of the year 2022.

There was much hope and renewed zest at the dawn of 2020. After all, the country had emerged from a challenging 2019 and its noticeable impact on many sectors. At the same time, Sri Lankans looked upon 2020 with great expectations. At the helm was a new leadership that had promised prosperity through a wide-ranging development agenda. Under a new operating environment, Business Today Top 40 2020/2021 is an apt acknowledgment to some of the most resilient organizations and their leaders who, despite extreme operating conditions, went the extra mile to demonstrate their commitment to fulfilling their obligations to multiple stakeholders. With the change in criteria this year, Business Today increased the rankings to 40, thereby allowing more corporates that may not have been eligible before to enter the system this time.

SLT-MOBITEL, achieved a 49.2 percent year-on-year growth of Profit After Tax (PAT) in Q3 2021, posting 3.2 billion rupees in PAT, reiterating consumer confidence in the National ICT Solutions Provider.

BOC Closes the Quarter as the Industry Leader.

Sampath Bank produced solid results for the nine months ended 30th September 2021, despite the challenges caused by the prolonged impact of the COVID -19 pandemic. 

The Management of Tokyo Cement Company (Lanka) laid the foundation for a factory expansion project in Trincomalee to increase its manufacturing capacity by 1 million metric tons.

The Speech Delivered by His Excellency the President at the 72nd Army Day Celebration.

DP Education is a philanthropic project initiated through Dhammika & Priscilla Perera Foundation. It is an initiative to support students in their quest for a good education by adopting appealing yet straightforward teaching methods.

 President Joe Biden spoke about global supply chain bottlenecks.

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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.

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2.You will maintain and promptly update that information to keep it true, accurate, current and complete. You are responsible for maintaining the confidentiality of your account and password and for restricting access to your computer, and you agree to accept responsibility for all activities that occur under your account, including the selection and use of all content and services.

3. In no event will Magzter.com or any person or entity or third party involved in the creation, production and distribution of the content on the website and the application be liable in contract or legally for any damages, including and not limited to, direct, indirect, incidental, special, and consequential incurred to you while or on using Magzter.com. By registering on the website or downloading the application, you agree that the provisions mentioned in this section shall apply to all use of and content on the website and the application.

3. Without prior written or authorised permission from Magzter, you should not modify, copy, distribute or sell any content obtained from Magzter as everything published here is the proprietary property of Magzter or its licensors. As such unauthorised use may also violate applicable laws including copyright and trademark laws, Magzter strictly prohibits these and will terminate your access and account if any such illegal activity is proved or detected. You should also stand liable for the damages caused by these unauthorised activities. Except as permitted by the Publication's lawful owner, you acknowledge that you do not acquire any ownership rights by downloading Publications accessed through the Service. Except as explicitly required under copyright law or permitted by the features of the Service you may not modify, reverse engineer, publish, transmit, display, participate in the transfer or sale, create derivative works of, or in any way commercially exploit or provide to a third party the content of the App, the Publications, or any portion of them without the express permission of Magzter and the owner of such content. We do not grant you any licenses, express or implied, to the intellectual property of Magzter or Magzter's licensors.

5. You specifically acknowledge that Magzter.com is not liable for any kind of defamatory or offensive or illegal conduct of other users or third parties or their content and that the risk of injury from the foregoing rests entirely with you.

8. Magzter reserves all rights to monitor the content published and inputted by you for the purpose of determining whether you are compliant with these terms and conditions and other operating rules determined by Magzter. Magzter has the right to take decisions about the content and delete them at its own will.

9. Magzter is a distributor and NOT a publisher of the Publications and so Magzter has no editorial control over the content, including opinions, advice, statements, services, offers etc., that is represented in the magazines. So Magzter will not take responsibility for the accuracy or the reliability for any information or facts provided therein or that is made available through the service, by anyone other than authorised Magzter employees who are acting on their official capacities. Accordingly, we have no editorial control over the Publications. Any opinions, advice, statements, services, offers or other information or content expressed or made available by third parties, including those made in Publications offered by the Service, are those of the respective author(s) or publisher(s) and not of Magzter. Magzter will not be liable for any loss or damage caused by your reliance on information obtained through the Service or from the Publications. The Service may contain links to other Internet sites and third-party resources and Magzter does not assume any responsibility or liability for communications or materials available at such linked sites. These links are provided for your convenience only. You are solely responsible for understanding any terms and conditions that may apply when you visit or place an order through a third-party site.

Details of the objectionable content, including its link on our platform

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Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines and newspapers from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from thousands of best-selling titles.

Gift your loved ones with a Magzter Gift Card instantly and give them the freedom to read their favorite magazines from {{magCount}} best-selling international titles.

Girish Ramdas is the Co-founder and CEO of Magzter, a New York based startup that has been making waves in the global digital publishing business. Magzter has crossed 80 million users since its inception in 2011 from more than 150+ countries with 1000s of magazines, newspapers and books from more than 4,500 publishers worldwide. He has more than 25 years of experience in cross-platform publishing, including print, mobile, and Web development. During this period, he has co-founded and run three successful start-up businesses. He has enabled magazine companies to go digital and helps them monetize their content across the digital world. Girish's deep industry experience in online, mobile and publishing ecosystems has made him an expert in acquisition, marketing and monetizing digital content across platforms globally.

In the event that you encounter any objectionable content on our platform, we have put in place a grievance redressal policy to address your concerns.

Magzter Inc. (“Company”, “we”, “us” or “our”) knows that you care about how your personal information is used and shared. Please read the following privacy policy (the “Policy”) to learn more about our privacy practices. By visiting any of the websites operated by the Company, and any sub-domains thereof, or using any of our mobile applications and other methods of content distribution (collectively, the “Service”), you acknowledge that you accept the practices and policies outlined in this Policy, and you hereby consent that we will collect, use, and share your information in the following ways.

Magzter Inc. is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 80 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

Magzter is committed to providing a safe and secure platform for our users. Please note that Magzter is merely a platform for publishers to distribute their content. We do not control or endorse the content published on our platform. We cannot be held responsible for the actions of our publishers or their content.

Magzter is not responsible for compensating any party that has suffered damages or incurred costs due to any content, or part of the content, that violates their rights. Magzter is not liable to face any legal action in civil court for any violation of rights caused by any content, or part of the content, that infringes the rights of a third party.

Magzter offers the world’s largest {{allyoucanread}} subscription service called {{gold}} which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

Magzter offers the world’s largest “All-You-Can-Read” subscription service called Magzter GOLD which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

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Prior to Magzter, he was the President of Dot Com Infoway (DCI) and Galatta Media. His duties included strategic marketing, partnership development, and monetizing content globally. DCI grew from a small team of 3 in 2000 to 300 by 2011 and was dealing with web, software and app development for clients globally.

Since we launched, Magzter has been committed to partnering with global organizations to provide the greatest possible newsstand technology & service to our customers. Whether you are looking to offer magazine subscriptions to your customer database or just want to learn more, Magzter is committed to helping your business grow. To find out more, please fill out the questionnaire below:

The DMCA allows us to restore the removed content if the party filing the original DMCA Notice does not file a court action against you within ten business days of receiving the copy of your Counter Notice.

This Policy covers Company’s treatment of personally identifiable information (“Personal Information”) and other information about you and your computer or device that Company gathers when you are accessing the Service. We may collect Personal Information from you, as explained in more detail below, and we use this Personal Information internally in connection with our Services, including to personalize, provide, and improve our products, services, content, and advertising, and to allow you to set up a user account and profile, to contact you, to fulfill your requests for certain products and services, and to analyze how you use the Services. In certain cases, we may also share some Personal Information with third parties, but only as described in point 4.

This title is included with your Magzter GOLD subscription

To analyze the quality of content and provide appropriate feedback to publishers

We have designated a Grievance Officer to address any complaints related to objectionable content.

We request that any complaint related to objectionable content be sent to the Grievance Officer through email to the above-mentioned email address. We also request that you provide the following details when making a complaint:

and the App that provides you the capability to order, subscribe to and receive the delivery of various magazines, books, news and magazine and publication related content (collectively known as 'Publications') and to have these digital versions of the Publications delivered to you

c. We also collect information associated with your use of the application in order to make personalized recommendations. If you provide your third-party account credentials to us, you understand some content and/or information in those accounts (“Third Party Account Information”) may be transmitted into your account with us if you authorize such transmissions, and that Third Party Account Information transmitted to the Service is covered by this Policy.

f. The Personal Information we collect allows us to respond to your requests, improve our products and services, customize the advertising and content you see, and communicate with you about new products.

is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

n. We will also use usage information in order to ensure users adhere to our Terms of Use. For example, a user’s usage information will help us confirm that a user only downloads a magazine or other content a permitted number of times or to a permitted number of devices.

which gives digital readers unlimited access to 8,500+ magazines and newspapers for a monthly subscription price. Magzter also has the largest number of stories in the world with its game-changing ezRead 2.0 feature for its apps, which enables smartphone and small-screen mobile users to enjoy magazine content the way it was meant to be enjoyed, with article text that is easy to read and is accompanied by stunning videos and high resolution photography.

{{magzter}} is the World's largest and fastest growing self-service, cross-platform digital newsstand with over 87 million users since its inception in 2011 and thousands of magazines and newspapers across 40+ categories and 60+ languages. Headquartered in New York, Magzter has its local presence in Amsterdam, London, Mexico City, Chennai, Mumbai, New Delhi, Bengaluru, Singapore, and will soon be expanding to other countries. Founded by global entrepreneurs, Girish Ramdas and Vijay Radhakrishnan in June 2011, Magzter enables magazine and newspaper publishers around the world to create and deliver digital editions of their titles to global consumers.

Business Today Sri Lanka Magazine - November 2022

Business Today Sri Lanka Magazine - November 2022

In this issue

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