Business The Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe says it will take at least two years for Sri Lanka to reach a real GDP value similar to…
Business 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 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 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 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 The Central Bank of Sri Lanka has determined that Pro Care (Pvt) Ltd. and Shade of Procare (Pvt) Ltd. are engaged in a scheme prohibited under Section 83(C) of…
Business The Colombo Magistrate’s Court has directed the Illegal Assets Investigation Unit of the Criminal Investigation Department (CID) to further investigate Piumi…
Business 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 Hambantota International Port (HIP) has successfully discharged its second batch of vehicles for the domestic market last week, continuing to strengthen its…
Business A Gazette Extraordinary has been issued amending multiple import and export regulations, including a key change allowing Bureau Veritas inspection certificates…
Business 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 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 US restaurant chain Hard Rock Cafe has sealed a deal with Abans and will be entering Sri Lanka, marking its debut in the island nation. Speaking exclusively to…
Business 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 The Postal and Telecommunications Officers’ Union and the United Postal Trade Unions Front (UPTUF) have announced a 48-hour token strike starting from 4.00…
Business Customs authorities have announced new regulations for importing motor vehicles, including hybrid and electric vehicles. The Customs value of used vehicles…
Business 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 The Committee on Public Finance (CoPF) last week renewed its call to expedite the establishment of the Casino Regulatory Authority, citing major loss of…
Business Sri Lanka’s Official Reserve Assets has recorded a slight improvement of 0.5% in February 2025, reaching USD 6.095 billion, compared to USD 6.065 billion in…
Business Officials representing the Ministry of Finance, Planning and Economic Development stated that vehicle imports have been allowed under certain conditions. …
Business 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 The Fuel Distributors' Association said that existing fuel stocks at filling stations would last until Monday (3) morning, following the suspension of fuel…
Business Despite Indian conglomerate Adani Group’s announcement that it withdrew from the US $ 442 million wind power project in Mannar, the Energy Ministry has…
Business 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…