Business Today Sri Lanka Magazine - November 2020

In this issue

A strong stable Government that is able to take Sri Lanka to the next level in its development path by enabling sustainable economic growth and social security & wellbeing of the people of the country has been the vision of Basil Rajapaksa, which he attempts to achieve through a beautifully crafted national development road map. He is a ‘modernist’, who believes in technology, innovation, creative thinking and new knowledge blended with the conventional wisdom.
The financial year 2019-2020 can be considered as one of the most challenging periods for corporate Sri Lanka with the companies being selected for their performance during the financial year 2019-2020. The main factors that impacted the performance of the economy was political instability and insecurity that hindered growth. The country and corporate sector have weathered many storms in the past, therefore, in this uncertain environment corporate Sri Lanka forged ahead. Business Today TOP 30 2019-2020 sees movements in the ranking with seasoned players securing a position in the ranking as well as the entrance of companies for the first time into the list.
While corporation tax rates are influenced by the country’s definition, there’s clearly a pattern with developing countries and emerging economies paying higher rates to sustain the country.