LNP - Sri Lanka looks to turn to Indonesia for coconut product imports
To combat the current coconut shortage, Sri Lanka looks at importing coconut products from Indonesia, an official said. The minister of Industry and E...
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LNP - Sri Lanka records highest ever export revenue in 2024
The latest report from the Sri Lanka Export Development Board (EDB) revealed that the country achieved a record-breaking total export revenue of US$ 1...
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LNP - Rajapaksa family’s financial deals probed as multiple money laundering cases against Yoshitha
The Colombo Magistrate’s Court today (27) granted bail to Yoshitha Rajapaksa, the second son of former President Mahinda Rajapaksa, who was remanded...
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LNP - Customs seizes illegally imported cigarettes worth Rs. 31.5mln
A large consignment of illegally imported cigarettes has been seized by officers of the Sri Lanka Customs Revenue Task Force (RTF) during a special in...
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LNP - Govt. braces for coconut products imports
In order to avert a major coconut crisis in the coming months, Minister of Industry and Entrepreneurship Development Sunil Handunneththi and Minister ...
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LNP - Inflation to return to positive from 2Q before aligning with 5% target from 3Q
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, su...
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LNP - Attracting private sector investments critical for Sri Lanka’s continued growth: World Bank
Sri Lanka must focus on attracting more private sector investment to maintain its hard-earned macroeconomic stability and continued recovery, accordin...
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LNP - Sri Lanka to import coconut?
The Ceylon Chamber of Coconut Industries has urged the government for permission to import 200 million coconuts with the next few months. President of...
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LNP - CBSL to launch new investment tranche with advanced strategies, prioritizing foreign reserves
With projections indicating historically high levels of inflows from the services trade and workers’ remittances, the Central Bank of Sri Lanka (CBS...
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LNP - Sri Lanka, Sinopec sign agreement for USD 3.7 bln investment in oil refinery
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 i...
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LNP - Market value of EPF investments in CSE exceed Rs. 100 billion
The market value of the investments made by the Employees’ Provident Fund (EPF) in companies listed on the Colombo Stock Exchange (CSE) is Rs. 109.6...
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LNP - Govt. to tap migrant worker savings with Rs.744.75mn entrepreneurship scheme
Sri Lanka is exploring avenues to channel foreign earnings into local investments to boost its economy, with plans underway to empower the returning m...
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LNP - IRD records highest-ever tax revenue collection in 2024
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...
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LNP - Customs records revenue exceeding Rs. 1.5 trillion in 2024
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 histo...
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LNP - Sri Lanka’s inflation drops further in November 2024
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -1.7% in November 2024 from -0.7% in October ...
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LNP - Hybrid vehicle import tax based on engine capacity will reduce costs, satisfy all
If hybrid vehicle imports are taxed based on their engine capacity, it will satisfy both consumers and the government, while reducing the prices of ex...
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LNP - Cabinet approval to import salt to resolve shortage
The Cabinet of Ministers has granted approval for the import of up to 30,000 metric tons of non-iodized salt by the State Trading Corporation to addre...
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LNP - Sri Lanka to allow vehicle imports from February 2025
President Anura Kumara Dissanayake has announced that the government has decided to allow the import of vehicles for personal use, with effect from Fe...
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LNP - Expressway exits accept only local currency, inconveniencing tourists and locals: Official
Tourists and the local community face inconvenience when making payments at expressway toll gates, as they currently accept only Sri Lankan currency A...
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LNP - Sri Lanka’s economy grows 5.5% in Q3 2024
The year-on-year GDP growth rate for the third quarter of 2024 has been reported as 5.5 percent of positive growth rate, the Department of Census and ...
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LNP - New online portal launched to verify legally imported vehicles
The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has launched an investigation into the nearly 6,000 vehicles across Sri La...
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LNP - Cinnamon Hotels & Resorts to energise Sri Lanka’s hill capital with the launch of Kandy Myst by Cinnamon
Cinnamon Hotels & Resorts, in partnership with Indra Traders, is set to expand its footprint in Sri Lanka’s hill capital, at the start of 2025, ...
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LNP - Sufficient stocks of eggs to meet market demand
The Sri Lanka Association of Animal Production announced today that sufficient stocks of eggs have been released to the market to prevent any shortage...
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