Business News

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…

The Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has launched an investigation into the nearly 6,000 ve…

Cinnamon Hotels & Resorts, in partnership with Indra Traders, is set to expand its footprint in Sri Lanka’s hill capital, at…

The Sri Lanka Association of Animal Production announced today that sufficient stocks of eggs have been released to the market to …

Tourism earnings in November 2024 recorded US$ 272.9 million, rising sharply from US$ 205.3 million in the same month a year ago a…

Sri Lanka Tourism Development Authority (SLTDA) Chairman Buddhika Hewawasam on Thursday made a compelling case to transform the to…

The government has given the green light to resume vehicle imports, starting February next year, following a five-year suspension,…

By Sujith Hewajulige There have been abuses in the issuance of permits for expatriate workers to import electric vehicles, accordi…

By Charumini de Silva  Jetstar Asia yesterday launched its Colombo-Singapore direct route positioning itself as the only low-…

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -0.7% in October 2024 fro…

By Nuzla Rizkiya The government has set its sights on an ambitious annual export revenue target of US $ 36 billion to be achieved …

By Nishel Fernando Access to information and strategic branding are pivotal for Sri Lanka to emerge as a premier wedding destinati…

The Asian Development Bank (ADB) today approved a $200 million policy-based loan to further help the Government of Sri Lanka stren…

Lack of tax collectability results in dampening of government revenue ambitions While Sri Lanka has made notable progress in tobac…

Worker remittances for October continued to come in stronger against both a month ago as well as a year ago period helping both th…

The Sri Lankan footwear industry is facing severe challenges due to a surge in low-cost, illegally imported shoes that avoid taxes…

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 de…

The Chinese electric vehicle giant BYD has seen its quarterly revenues soar, beating Tesla’s for the first time. It posted more …

The Cabinet of Ministers has granted approval for awarding the contract to M/s OQ Trading Limited for the supply of Liquefied Petr…