Business Other than importing vehicles that are between five and seven years old from their manufacturing dates, importing vehicles under three years old will increase…
Business To combat the current coconut shortage, Sri Lanka looks at importing coconut products from Indonesia, an official said. The minister of Industry and…
Business President Anura Kumara Dissanayake will inaugurate the Sri Lanka Economic Summit organized by the Ceylon Chamber of Commerce which kicks off today (28) to a…
Business The latest report from the Sri Lanka Export Development Board (EDB) revealed that the country achieved a record-breaking total export revenue of US$ 16.17…
Business The Colombo Magistrate’s Court today (27) granted bail to Yoshitha Rajapaksa, the second son of former President Mahinda Rajapaksa, who was remanded under the…
Business A large consignment of illegally imported cigarettes has been seized by officers of the Sri Lanka Customs Revenue Task Force (RTF) during a special inspection…
Business In order to avert a major coconut crisis in the coming months, Minister of Industry and Entrepreneurship Development Sunil Handunneththi and Minister of…
Business Sri Lanka could see the end to the current stretch of deflation in the second quarter before reaching the target level of 5.0 percent in the third, supported…
Business Sri Lanka must focus on attracting more private sector investment to maintain its hard-earned macroeconomic stability and continued recovery, according to the…
Business The Ceylon Chamber of Coconut Industries has urged the government for permission to import 200 million coconuts with the next few months. President of the…
Business The Central Bank of Sri Lanka (CBSL) said today that it has completed investigations into various companies suspected of engaging in activities prohibited…
Business With projections indicating historically high levels of inflows from the services trade and workers’ remittances, the Central Bank of Sri Lanka (CBSL) plans to…
Business The electricity tariff will be reduced by 20% from midnight today, the Public Utilities Commission (PUCSL) announced today.
Business By Charumini de Silva United Petroleum, the Australian energy giant that made a high profile-entry into Sri Lanka’s fuel retail market in August 2024, is on…
Business Sri Lanka’s Ministry of Power and Energy and China’s Sinopec Corporation have signed an agreement to build an oil refinery in Hambantota with an investment of…
Business The Public Utilities Commission of Sri Lanka (PUCSL) says that the review of public opinions gathered on the proposed electricity tariff revision will be…
Business Sri Lanka and China signed fifteen Memorandums of Understanding (MoU) following bi-lateral talks bewteen the two countries, Foreign Minister Vijitha Herath…
Business Most buses which currently ply on Sri Lankan roads are built on lorry chassis are not in conformity with modern mass transportation standards in terms of…
Business The market value of the investments made by the Employees’ Provident Fund (EPF) in companies listed on the Colombo Stock Exchange (CSE) is Rs. 109.69 billion…
Business Sri Lanka is exploring avenues to channel foreign earnings into local investments to boost its economy, with plans underway to empower the returning migrant…
Business The Inland Revenue Department (IRD) has recorded its highest-ever tax revenue collection in 2024, amounting to Rs. 1,958,088 million. This includes Rs.…
Business By the end of 2024, the Sri Lanka Customs achieved a record-breaking revenue of over Rs. 1.5 trillion, marking the highest annual revenue in its history.…
Business The newly-appointed Chairman of Lanka Salt Company in Hambantota, T. Nandana Thilaka has urged the public to avoid panic-buying and hoarding salt amidst rumors…
Business The All Share Price Index (ASPI) of the Colombo Stock Exchange has recorded significant gains once again today (27). Accordingly, the ASPI has increased by…