Business News
Business LNP - Sri Lanka’s economy still vulnerable, sustaining reform momentum critical - IMF
The International Monetary Fund (IMF) says that the economic recovery is gaining momentum in Sri Lanka and that yet, the economy still remains vulnerable,…
Business LNP - Trump announces 25% tariffs on car imports to US
BBC - US President Donald Trump has announced new import taxes of 25% on cars and car parts coming into the US in a move that threatens to widen the…
Business LNP - No tax revisions on vehicle imports this year - Hulangamuwa
Senior Economic Advisor to the President, Duminda Hulangamuwa, confirmed that there will be no revision of taxes on vehicle imports this year. As a…
Business LNP - Be cautious with unknown investments, warns Central Bank Governor
A lack of financial literacy is the primary reason many Sri Lankans fall victim to pyramid schemes, says the Governor of the Central Bank of Sri Lanka (CBSL),…
Business LNP - Tea exports dip in February
Sri Lanka’s tea exports fell in February, with volumes down 1.91 million kilograms year-on-year (YoY) to 20.40 million kilograms, industry data showed. The…
Business LNP - CID raises new suspicion over Piumi Hansamali’s cosmetics business
The Colombo Magistrate’s Court has directed the Illegal Assets Investigation Unit of the Criminal Investigation Department (CID) to further investigate Piumi…
Business LNP - Second lot of vehicles for domestic market discharged from HIP
The Hambantota International Port (HIP) successfully discharged the second batch of vehicles for the domestic market last week. A total of 1,159 vehicles…
Business LNP - HIP successfully discharges second batch of vehicles for domestic market
Hambantota International Port (HIP) has successfully discharged its second batch of vehicles for the domestic market last week, continuing to strengthen its…
Business LNP - Gazette issued amending import and export regulations
A Gazette Extraordinary has been issued amending multiple import and export regulations, including a key change allowing Bureau Veritas inspection certificates…
Business LNP - Sri Lanka eyes international alliances to boost tourism industry growth
As the world gradually recovers from the pandemic’s impact, Sri Lanka is positioning itself as a top-tier tourist destination, seeking to forge international…
Business LNP - Sri Lanka’s economy grew 5% in 2024: CBSL
The Sri Lankan economy recorded a strong turnaround registering overall growth of 5% for 2024 amid renewed macroeconomic stability, says the Central Bank of…
Business LNP - Some 400 vehicles stuck at Customs due to import rule change: VIAL
The Vehicle Importers Association of Lanka (VIAL) claimed today that around 400 vehicles have been stuck at the Sri Lanka Customs for over 20 days due to a…
Business LNP - New regulations for importing hybrid and electric vehicles announced
Customs authorities have announced new regulations for importing motor vehicles, including hybrid and electric vehicles. The Customs value of used vehicles…
Business LNP - Sri Lanka ‘welcomes’ investment opportunities from Adani - Cabinet Spokesman
Sri Lanka has not changed its stance on doing business with India’s Adani Group and welcomes investment opportunities from the conglomerate, the country’s…
Business LNP - Vehicles imported into Sri Lanka must be registered within 90 days – Ministry of Finance
Officials representing the Ministry of Finance, Planning and Economic Development stated that vehicle imports have been allowed under certain conditions. …
Business LNP - Sri Lanka’s tourism earnings surge to $400 million in January 2025
Sri Lanka’s tourism industry recorded earnings of $400.7 million in January 2025, according to the latest data from the Central Bank of Sri Lanka (CBSL). …
Business LNP - Strong start for Sri Lanka’s exports in 2025: January earnings rise 10.3%
Sri Lanka’s export earnings for January 2025 were recorded at USD 1.334 billion, marking a promising start to the year and reflecting a 10.3% increase over the…
Business LNP - Colombo’s inflation down further in February
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has decreased to -4.2% in February 2025, compared…
Business LNP - Central Bank warns against unauthorized use of ‘Finance’ in business names
The Central Bank of Sri Lanka (CBSL) has issued a warning against the use of word ‘Finance’ in business names. Accordingly, the CBSL clarified that the use of…
Business LNP - First batch of imported personal vehicles arrives at Colombo Port after 5-year hiatus
The first batch of vehicles imported for private use arrived at the Colombo Port on Tuesday (25), following the Sri Lankan government’s decision to ease import…
Business LNP - Boost for digital economy with Rs.3bn budget allocation
The government has allocated Rs.3 billion for its digital transformation strategies this year, as part of its efforts to generate US $ 15 billion in revenue…
Business LNP - Public sector salary increase: Minimum basic salary raised by Rs. 15,750
The government has proposed a revision to the public sector salary structure as part of the 2025 Budget, improving the minimum wages and streamlining the…
Business LNP - Prominent Sri Lankan businessman Inayet Akbarally passes away
Renowned businessman Inayet Akbarally, a prominent figure in Sri Lanka’s business community, has passed away at the age of 88. Mr. Akbarally was a pivotal…
Business LNP - Budget expectations: Tourism sector urges reasonable duty concessions on vehicle imports
The Chairman of the Sri Lanka Tourism Development Authority (SLTDA), Buddhika Hewawasam says that the government must focus on enhancing air connectivity to…