Business Sri Lanka’s domestic clothing brands are calling for a drastic 300 to 400 percent increase in the Commodity Export Subsidy Scheme (CESS) levy on the imported…
Business President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff rates they will face on imports to the United…
Business Sri Lanka’s GDP could decline by up to 1.5 percent if the United States reinstates a 44 percent tariff on Sri Lankan exports and lowers tariffs on competitor…
Business AliExpress has officially suspended several of its budget shipping options to Sri Lanka and Pakistan following the implementation of revised customs tax…
Business India is poised to secure another strategic investment in Sri Lanka with plans by its public sector company under the Indian Defence Ministry, 'Mazagaon Dock…
Business Two luxury vehicles valued at over Rs. 30 million, allegedly imported into the country illegally, have been seized by police in Bandaragama. The Panadura…
Business An estimated 500,000 students and 150,000 teachers across Sri Lanka are set to benefit from a new $50 million additional financing package approved by the…
Business Hundreds of vehicles are stranded at the port, with hundreds more on the way, after Sri Lanka Customs abruptly halted the clearance of vehicles imported under…
Business The Board of Investment (BOI) of Sri Lanka has successfully increased Foreign Direct Investment (FDI) by US$96 million in the first quarter of 2025, compared…
Business Former Presidents Mahinda Rajapaksa, Maithripala Sirisena, Ranil Wickremesinghe, former Ministers Basil Rajapaksa, P. Harrison, Wijith Wijithamuni de Soysa,…
Business Following the recent relaxation of vehicle imports, the Department of Motor Traffic (DMT) announced today that a total of 73,489 new vehicle and electric car…
Business The International Monetary Fund’s Executive Board is scheduled to evaluate Sri Lanka’s fourth review under the Extended Fund Facility (EFF) on July 01, IMF’s…
Business Oil prices jumped more than $4 a barrel on Friday, hitting their highest price in almost five months after Israel struck Iran, dramatically escalating tensions…
Business The International Monetary Fund (IMF) has acknowledged Sri Lanka’s continued progress under its economic reform program, with the country now nearing access to…
Business The Public Utilities Commission of Sri Lanka (PUCSL) has granted approval to increase electricity tariffs by 15% with effect from tomorrow (12). Speaking at a…
Business The state-owned Valaichchenai Paper Mill is currently operating at a profit, according to Minister of Industry and Entrepreneurship Development Sunil…
Business A businessman has been handed a suspended six-month prison sentence and fined Rs. 10,000 after being found guilty of displaying expired medicines for sale at a…
Business The Coconut Research Institute has forecast a further decline of 250 million nuts crop for the first half of 2025 harvest during the first half of this year…
Business Sri Lanka has received USD 641.7 million in workers’ remittances in May 2025, according to the latest figures released by the Central Bank of Sri Lanka (CBSL).…
Business The sugar importers have urged President and Finance Minister Anura Kumara Dissanayake not to increase the existing sugar import tax, warning that it would…
Business The Government has generated Rs. 136 billion in revenue from motor vehicle imports between January and April 2025. This figure includes collections from Value…
Business The Cabinet of Ministers has granted approval to issue a permit to the Sri Lanka Thriposha Limited Company to import 18,000 metric tons of maize. Accordingly,…
Business The external sector of the Sri Lankan economy remained resilient in April 2025, supported by healthy inflows from tourist earnings and workers’ remittances,…
Business The Inland Revenue Department (IRD) has introduced a QR code to simplify the registration process for Taxpayer Identification Numbers (TINs), Commissioner…