Sme sector News

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Local News

Sri Lanka Unveils 'SME NEXUS' Framework to Target $300 Billion Economy.

May 13, 2026 at 10:07 PM

The Sri Lankan government has introduced 'SME NEXUS', a new strategic framework designed to consolidate fragmented efforts and revitalize the small and medium enterprise sector, with the ambitious goal of tripling the national economy to $300 billion.

1 sources

Sri Lanka Unveils 'SME NEXUS' Framework to Target $300 Billion Economy

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Technology

Image Source : globalbankingandfinance.com

UK Startup Ecosystem Poised for Accelerated Growth in 2027.

May 13, 2026 at 4:08 AM

5 sources

Local News

Image Source : cred-mart.com

Sri Lanka’s Collateral-Free Loan Scheme: Key Details for SME Entrepreneurs.

May 12, 2026 at 5:03 AM

9 sources

Technology

The AI Pivot: Why Two-Thirds of Today's SaaS Giants May Face Extinction.

Industry analysts predict a massive shakeout in the SaaS market, with up to two-thirds of top software companies failing to survive the AI-driven transformation. While infrastructure-focused firms may thrive, application-based software providers face significant disruption risks.

May 6, 2026 at 9:08 AM

5 sources

Hutch Enterprise Expands Digital Transformation Suite for Sri Lankan Businesses

Image Source : lankatalks.com

Technology•

May 5, 2026 at 9:41 AM

Hutch Enterprise Expands Digital Transformation Suite for Sri Lankan Businesses.

Hutch Sri Lanka is leveraging its global CK Hutchison Holdings network to provide advanced enterprise solutions, aiming to boost local business competitiveness and support Sri Lanka’s national digital economy goals.

9 sources

Technology

Hong Kong Emerges as the Engine of China’s New Tech Ecosystem.

May 4, 2026 at 11:15 PM

Hong Kong's stock market is experiencing a massive resurgence in IPO activity, signaling a strategic shift as China attempts to build a self-sustaining, Silicon Valley-style tech ecosystem that prioritizes domestic funding.

8 sources

Hong Kong Emerges as the Engine of China’s New Tech Ecosystem

Image Credit : global.chinadaily.com.cn

Business

DFCC Bank and NCCSL Join Forces to Boost Sri Lankan SMEs.

DFCC Bank has partnered with the National Chamber of Commerce of Sri Lanka to provide SMEs with enhanced market access, financial literacy, and advisory services, moving beyond traditional lending.

April 30, 2026 at 11:28 AM

19 sources

Technology

The Strategic Pivot: How Big Tech is Balancing AI Investment and Profitability.

Major tech giants including Google, Microsoft, and Meta are pouring billions into AI, but investors are increasingly scrutinizing whether these massive capital expenditures are delivering tangible business growth.

April 30, 2026 at 4:40 AM

4 sources

Business

KPMG Initiates Strategic Workforce Reduction in US Advisory Division.

KPMG has reduced its US advisory workforce by approximately 400 employees due to declining demand in specific sectors like regulatory risk and financial services, while continuing to invest heavily in AI-driven roles.

April 30, 2026 at 1:43 AM

5 sources

Tech Giants and Emerging Platforms Challenge UPI Market Concentration in India

Technology•

April 30, 2026 at 1:07 AM

Tech Giants and Emerging Platforms Challenge UPI Market Concentration in India.

Amazon, Meta, and other firms are lobbying India's NPCI to address the overwhelming market share held by PhonePe and Google Pay in the UPI ecosystem.

6 sources

Business

LB Finance Secures $15 Million Funding Boost from Swiss Impact Investor.

April 28, 2026 at 11:31 PM

Sri Lanka’s LB Finance has finalized a $15 million senior debt facility with Switzerland-based Enabling Qapital to boost MSME lending and promote financial inclusion across the nation.

6 sources

Finance

Image Source : alternativefundinsight.com

Millennium Management Solidifies Dominance Through Strategic Jain Global Acquisition.

April 28, 2026 at 4:37 PM

10 sources

Technology

Image Source : clutch.co

Redefining IT Outsourcing: How JITRCS Is Transforming Global Business Through Managed Talent Ecosystems.

April 24, 2026 at 3:40 AM

9 sources

Economy

Image Source : tbsnews.net

PKSF and SANEM Partner to Enhance Strategic Frameworks for Decent Employment.

April 24, 2026 at 1:36 AM

9 sources

Image Source : en.wikipedia.org

Local News•

April 17, 2026 at 5:06 AM

Sri Lanka's Services Sector Shows Robust Growth in March 2026.

The Sri Lankan services sector recorded a notable expansion in March 2026, largely fueled by increased activity in the financial services industry, according to the latest Purchasing Managers' Index (PMI) data.

10 sources

Technology

India's E-commerce Revolution: Small Cities Driving Explosive Market Growth.

April 16, 2026 at 1:01 AM

India's e-commerce market is experiencing rapid transformation as consumers in smaller cities become the primary drivers of growth, significantly outpacing traditional metropolitan hubs.

9 sources

Technology

Image Source : markets.financialcontent.com

Citigroup Aggressively Targets AI Data Center Infrastructure to Challenge Wall Street Dominance.

April 13, 2026 at 9:36 AM

9 sources

Economy

Image Source : island.lk

Sri Lanka’s Industrial Sector Reports Strong Growth and Policy Reforms in Q1 2026.

April 11, 2026 at 9:42 AM

17 sources

Local News

Image Source : en.wikipedia.org

Sri Lanka Faces Significant SME Contraction: Over 200,000 Businesses Closed Between 2018 and 2022.

April 9, 2026 at 8:06 AM

8 sources

DevPro and AVM Launch 'Green Tape Agri Exchange' to Digitize Sri Lanka's Spice Market

Image Source : island.lk

Local News•

April 8, 2026 at 3:07 AM

DevPro and AVM Launch 'Green Tape Agri Exchange' to Digitize Sri Lanka's Spice Market.

DevPro Guarantee Limited and Affno Virtual Market have partnered to launch the 'Green Tape Agri Exchange,' a cloud-based platform designed to empower smallholder spice farmers by improving market access and price transparency.

8 sources