Business

The government has taken another step towards ensuring the national minimum monthly and daily wages of private sector employees be increased in parallel with the recent revision in the salaries of state sector employees.

The European Union (EU) has reiterated the urgency for Sri Lanka to align its domestic laws with the international human rights and labour conventions, if it is to continue reaping the benefits of preferential access to the EU market, under the GSP+ trade scheme.

Colombo (AFP): Sri Lanka has been granted a billion-dollar loan to boost its agriculture, tourism and energy sectors, the World Bank said on Wednesday, as the country emerges from an unprecedented economic crisis.

The Central Bank has reported an unprecedented 14.5 percent year-on-year (YoY) growth in physical cash circulation during 2024.

Sri Lanka Customs says it intends on making public the names of individuals and institutions found guilty of violating customs laws.

Following a complaint received by the Consumer Affairs Authority (CAA), a warehouse in Negombo was raided, where a stock of canned fish intended for market distribution was found to be misleadingly labeled with the name and standard logo of a manufacturing company.

There is a weakness in the initial agreement we made with Starlink, as it does not grant us access to its data systems in the event of a national security issue, unlike the arrangements we have with existing telecom providers in Sri Lanka, President Anura Kumara Dissanayake said.

The electricity tariffs will be increased in the next tariff revision in June, President Anura Kumara Dissanayake said.

The Ministry of Finance has issued a new gazette notification easing several more restrictions on vehicle imports, with effect from April 29, 2025.

Sri Lanka may still be on the road to recovery, but its steps in correcting long-standing policy failures are now being recognised where it matters most—by key international lenders.