Business News

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…

The Sri Lanka Railways Station Masters' Union (SLRSMU) has decided to initiate immediate trade union action in response to the rec…

In a recent development, McDonald's Corporation and International Restaurant Systems (Private) Limited have officially terminated …

Fitch Ratings: Sri Lanka’s economic recovery, moderating inflation, and lower interest rates are poised to spur finance and lea…

The overall rate of inflation, as measured by the National Consumer Price Index (NCPI), has decreased to -0.2% in September 2024 f…

The All Ceylon Egg Traders’ Association has called on the government to introduce a pricing formula to stabilize the price of eg…

The Sri Lankan economy has stabilised with growth expected to reach 4.4 percent in 2024, surpassing earlier forecasts, the World B…

Sri Lanka is seeing continuous headway in its tourism trade through September as both the arrivals and earnings made progress in t…

Sri Lanka’s Cabinet of Ministers has decided to lift all vehicle import restrictions by February 2025, according to Foreign Mini…

Sri Lanka’s local business community stands to gain from a major revision of the country’s import tax structure, with the gove…