LNP - The Onslaught of the Beedi Industry and its Impact on Sri Lanka’s Economy
Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobacco control, with pol...
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LNP - October remittances at US$ 588mn provide strong bulwark for economy
Worker remittances for October continued to come in stronger against both a month ago as well as a year ago period helping both the foreign currency r...
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LNP - Local footwear industry threatened by illegal imports
The Sri Lankan footwear industry is facing severe challenges due to a surge in low-cost, illegally imported shoes that avoid taxes, according to indus...
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LNP - Opening costs of “City of Dreams” dents JKH profitability
John Keells Holdings (JKH) Group EBITDA stood at Rs.8.09 billion in the second quarter of the financial year 2024/25 which is a decrease of 4 per cent...
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LNP - China’s BYD overtakes Tesla revenue for first time
The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla’s for the first time. It posted more than 200bn yuan ($28...
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LNP - New contractor appointed for supply of LPG to Litro Gas Company
The Cabinet of Ministers has granted approval for awarding the contract to M/s OQ Trading Limited for the supply of Liquefied Petroleum Gas (LPG) to L...
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LNP - Station Masters to launch immediate trade union action
The Sri Lanka Railways Station Masters' Union (SLRSMU) has decided to initiate immediate trade union action in response to the recruitment of Station ...
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LNP - McDonald’s and International Restaurant Systems end franchise partnership in Sri Lanka
In a recent development, McDonald's Corporation and International Restaurant Systems (Private) Limited have officially terminated their franchise rela...
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LNP - Economic Recovery Drives Sri Lankan Finance and Leasing Companies Growth
Fitch Ratings: Sri Lanka’s economic recovery, moderating inflation, and lower interest rates are poised to spur finance and leasing companies’ (F...
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LNP - Sri Lanka’s inflation drops to -0.2% in September
The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -0.2% in September 2024 from 1.1% in August 2...
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LNP - Egg traders urge govt to implement pricing formula
The All Ceylon Egg Traders’ Association has called on the government to introduce a pricing formula to stabilize the price of eggs in the market. ...
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LNP - Sri Lanka’s economy stabilises with growth expected to reach 4.4 % in 2024: WB
The Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World Bank (WB) said today....
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LNP - Sri Lanka Tourism earnings reach US$ 2.35bn
Sri Lanka is seeing continuous headway in its tourism trade through September as both the arrivals and earnings made progress in the months, although ...
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LNP - Sri Lanka to lift all vehicle import restrictions by February 2025
Sri Lanka’s Cabinet of Ministers has decided to lift all vehicle import restrictions by February 2025, according to Foreign Minister Ali Sabry. ...
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LNP - Revised import duties set to boost local trade and industries
Sri Lanka’s local business community stands to gain from a major revision of the country’s import tax structure, with the government announcing ne...
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LNP - Central Bank relaxes mandatory export conversion period
The Central Bank has relaxed the mandatory export conversion period in the latest exports proceeds conversion rule which came into effect from 4 Novem...
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LNP - Fragmented tour guides sector risks SL’s ability to cater to tourism targets: Study
Sri Lanka’s tourism industry is grappling with lower number of licensed tour guides, which could threaten the country’s ability to cater to the ex...
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LNP - Apparels, textiles boost August exports income
August merchandise exports income tops US$ 1.2bn Apparel & textile exports up 15% to US$ 565mn Jan-Aug. cumulative exports up 12% to US$ 8.85bn Cu...
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LNP - Local canned fish manufacturers allege Sathosa trying to buy imported tinned fish despite self-sufficiency
Urge govt. to consider including canned fish in temporarily banned list of imported goods into country Despite the country reaching self-sufficiency i...
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LNP - Circular permitting migrant workers to import electric vehicles issued
A circular allowing migrant workers to import an electric vehicle was issued yesterday (August 31) by the Labour and Foreign Employment Ministry. Mini...
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LNP - Harsha appointed Chairman of Public Finance Committee
The Public Finance Committee which met today, unanimously appointed SJB MP Harsha de Silva as its new Chairman. He has been appointed as per Standing ...
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LNP - CBSL announces amnesty period to deposit or sell foreign currency in the hands of public
The Minister of Finance has issued an order granting an amnesty period of one month with effect from August 15, 2022 in order to attract foreign curre...
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LNP - CEB trade union warns daily power cuts could exceed 3 hours
The Ceylon Electricity Board (CEB) United Trade Union Alliance warns that the power cuts would likely have to be increased to more than 03 hours in th...
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