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…
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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 - New vehicle shipment to touch down today
Four layers of taxation will be imposed on vehicle imports - Existing second-hand vehicle market is expected to decline by 10 to 15 percent - New vehicles at…
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 - Good behavior earns Arjun Aloysius early release from prison
Arjun Aloysius, Director of W.M. Mendis Distilleries, and two others, who were serving a jail term for defaulting on a payment of Rs. 3.5 billion in Value…
Business LNP - Brand new Tuk-Tuk costs Rs. 2 Million
After receiving the first batch of vehicles, the price of a brand-new Bajaj RE three-wheeler will be Rs. 1,995,000. The David Pieris Motor Company stated that…
Business LNP - Fitch Ratings optimistic on Sri Lanka’s Budget
The Sri Lankan government’s budget highlights the authorities’ commitment to raising fiscal revenues as a share of GDP - an approach that, if successful, would…
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 - IMF Executive Board to decide on Sri Lanka’s fourth tranche on Feb. 28
The Executive Board of the International Monetary Fund (IMF) is scheduled to meet on February 28, 2025 to discuss and approve third review of Sri Lanka’s…
Business LNP -Budget 2025: Key Takeaways
Budget 2025 sets out a total government expenditure of LKR 7,190 billion, marking a 17% increase from the LKR 6,131 billion allocated in 2024. As a share of…
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…
Business LNP - Exporters seek tax relief and cost reductions in 2025 Budget
The National Chamber of Exporters (NCE) is calling for relief measures in the upcoming 2025 Budget to help businesses recover from years of economic…
Business LNP - Exporters seek tax relief and cost reductions in 2025 Budget
The National Chamber of Exporters (NCE) is calling for relief measures in the upcoming 2025 Budget to help businesses recover from years of economic…
Business LNP - Sri Lanka’s top tea pluckers honoured with gold coins
In a ceremony held at the Mahanilu Tea Factory in Samimale, 18 of the best green tea pluckers from five tea estates under the Horana Plantation Company were…
Business LNP - Further delays expected in salt imports?
The Salt Producers’ Association has stated that the import of salt will be further delayed due to the delays in issuing the necessary certificates by the Food…
Business LNP - Sri Lanka’s ambitious reform agenda delivering commendable outcomes: IMF
The International Monetary Fund (IMF) says that its Executive Board’s approval for the release of the fourth tranche of Sri Lanka’s Extended Fund Facility…
Business LNP - Sri Lankan journalists among countries receiving USAID funding for LGBT causes
The Trump administration revealed details of how the United States Agency for International Development (USAID) funded various projects in several countries…
Business LNP - Cabinet nod to import coconut kernel-related products equivalent to 200M coconuts
The Cabinet of Ministers has granted approval to import a capacity equal to 200 million coconuts of coconut kernel-related products and dried coconut pieces…
Business LNP - New vehicles arriving soon; second-hand market to drop 10-15%: Importers
New vehicles will arrive in the country within the next two or three weeks. After their arrival, the existing second-hand market in the country is expected to…
Business LNP - Sri Lanka’s transport sector to be modernized with new fleet
Sri Lanka’s public transport sector is to be modernised with the introduction of 1,000 new buses including low-floor and super luxury buses to the fleet of Sri…
Business LNP - Sri Lanka announces luxury tax rates on imported private vehicles
The Sri Lankan government has published Gazette Notification No. 2421/41, signed by President Anura Kumara Dissanayake in his capacity as the Minister of…
Business LNP - Sri Lankan govt. imposes 9 conditions on vehicle imports
The Sri Lankan government has officially lifted the temporary suspension on vehicle imports, which had been in effect since early 2020, through Gazette…