Business

The Sri Lankan appetite for electric mobility is accelerating faster than anticipated, with over 5,000 BYD vehicles reserved since the brand’s entry into the market earlier this year

India overtakes Japan to become the fourth largest economy in the world, Aayog CEO BVR Subrahmanyam has said.

Sri Lanka, currently facing a severe salt shortage and salt prices increasing rapidly, 1 kilogram packets of crystal salt reportedly being sold at prices ranging between Rs. 450 and Rs. 500 in some areas are expected to reduce drastically as the Cabinet of Ministers has approved the importation of salt from India, an official said.

The Ceylon Electricity Board (CEB) has submitted a proposal to the Public Utilities Commission of Sri Lanka (PUCSL) seeking an 18.3% increase in electricity tariffs for the period from June to December 2025.

The Sri Lanka Tourism Development Authority (SLTDA) reports that 33,910 international tourists arrived in the country during the first week of May 2025, marking a notable increase compared to the same period in previous years.

Presidential Secretariat yesterday announced the commencement of second batch of bidding for the sale of 27 luxury and decommissioned vehicles.

The government has taken another step towards ensuring the national minimum monthly and daily wages of private sector employees be increased in parallel with the recent revision in the salaries of state sector employees.

The European Union (EU) has reiterated the urgency for Sri Lanka to align its domestic laws with the international human rights and labour conventions, if it is to continue reaping the benefits of preferential access to the EU market, under the GSP+ trade scheme.

Colombo (AFP): Sri Lanka has been granted a billion-dollar loan to boost its agriculture, tourism and energy sectors, the World Bank said on Wednesday, as the country emerges from an unprecedented economic crisis.

The Central Bank has reported an unprecedented 14.5 percent year-on-year (YoY) growth in physical cash circulation during 2024.