Business News

New vehicles will arrive in the country within the next two or three weeks. After their arrival, the existing second-hand market i…

Sri Lanka’s public transport sector is to be modernised with the introduction of 1,000 new buses including low-floor and super l…

The Sri Lankan government has published Gazette Notification No. 2421/41, signed by President Anura Kumara Dissanayake in his capa…

The Sri Lankan government has officially lifted the temporary suspension on vehicle imports, which had been in effect since early …

Other than importing vehicles that are between five and seven years old from their manufacturing dates, importing vehicles under t…

To combat the current coconut shortage, Sri Lanka looks at importing coconut products from Indonesia, an official said. The minist…

The latest report from the Sri Lanka Export Development Board (EDB) revealed that the country achieved a record-breaking total exp…

The Colombo Magistrate’s Court today (27) granted bail to Yoshitha Rajapaksa, the second son of former President Mahinda Rajapak…

A large consignment of illegally imported cigarettes has been seized by officers of the Sri Lanka Customs Revenue Task Force (RTF)…

In order to avert a major coconut crisis in the coming months, Minister of Industry and Entrepreneurship Development Sunil Handunn…

Sri Lanka could see the end to the current stretch of deflation in the second quarter before reaching the target level of 5.0 perc…

Sri Lanka must focus on attracting more private sector investment to maintain its hard-earned macroeconomic stability and continue…

The Ceylon Chamber of Coconut Industries has urged the government for permission to import 200 million coconuts with the next few …

With projections indicating historically high levels of inflows from the services trade and workers’ remittances, the Central Ba…

Sri Lanka’s Ministry of Power and Energy and China’s Sinopec Corporation have signed an agreement to build an oil refinery in …

The market value of the investments made by the Employees’ Provident Fund (EPF) in companies listed on the Colombo Stock Exchang…

Sri Lanka is exploring avenues to channel foreign earnings into local investments to boost its economy, with plans underway to emp…

The Inland Revenue Department (IRD) has recorded its highest-ever tax revenue collection in 2024, amounting to Rs. 1,958,088 milli…

By the end of 2024, the Sri Lanka Customs achieved a record-breaking revenue of over Rs. 1.5 trillion, marking the highest annual …

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -1.7% in November 2024 fr…

If hybrid vehicle imports are taxed based on their engine capacity, it will satisfy both consumers and the government, while reduc…

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 …

President Anura Kumara Dissanayake has announced that the government has decided to allow the import of vehicles for personal use,…

Tourists and the local community face inconvenience when making payments at expressway toll gates, as they currently accept only S…

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 Depar…