Business News

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…

The Central Bank has relaxed the mandatory export conversion period in the latest exports proceeds conversion rule which came into…

Sri Lanka’s tourism industry is grappling with lower number of licensed tour guides, which could threaten the country’s abilit…

August merchandise exports income tops US$ 1.2bn Apparel & textile exports up 15% to US$ 565mn Jan-Aug. cumulative exports up …

Urge govt. to consider including canned fish in temporarily banned list of imported goods into country Despite the country reachin…

A circular allowing migrant workers to import an electric vehicle was issued yesterday (August 31) by the Labour and Foreign Emplo…

The Public Finance Committee which met today, unanimously appointed SJB MP Harsha de Silva as its new Chairman. He has been appoin…

The Minister of Finance has issued an order granting an amnesty period of one month with effect from August 15, 2022 in order to a…