Sri Lanka’s Inland Revenue Department (IRD) hauled in a staggering Rs.2,620.07 billion in 2024, a 42.22 percent surge from the previous year, according to its recently released annual performance report.

Sri Lanka’s licensed commercial banks urged small and medium enterprises (SMEs) to not panic, as concerns mount over the use of parate laws from 1 July.

The new food labelling and advertising regulations coming into force today risk turning the sweet gains sour for the local food and beverage (F&B) sector, the industry stakeholders said, describing the rules as impractical and a potential disruptor f

Sri Lanka is falling short of delivering the structural transformation it claims to seek, despite the growing rhetoric around revival and sustainable growth, warned internationally renowned economist Prof. Razeen Sally.

The head of Sri Lanka’s Board of Investment (BOI) has characterised the highly anticipated US$ 3.7 billion Sinopec oil refinery in Hambantota and Adani Group’s renewable energy project as “fragile investments,” acknowledging the significant u

Despite decades of celebrating its strategic position, Sri Lanka has fundamentally failed to capitalise on its prime location, a critical factor that remains the key to unlocking its potential as a developed nation, asserted prominent economist and V

Sri Lanka must shift its focus towards fostering innovation, empowering entrepreneurs, and moving beyond its current economic trajectory to achieve a prosperous future with a sustained growth rate of over 8

Sri Lanka could miss a once-in-a-generation opportunity to plug into the fast-growing supply chains of southern India – that is unless the island nation pushes through market-opening reforms that go “well beyond” its current International Monet

The CFA Society Sri Lanka marked its 12th annual Capital Market Awards last evening (24 June) honouring individuals and institutions that demonstrated excellence in the country’s capital markets.

Sri Lanka aims to grow its digital economy fivefold over the next five years, placing artificial intelligence (AI) at the centre of its strategy to boost growth, enhance inclusion and strengthen global competitiveness, a senior official said.

Sri Lanka’s tourism sector is set for a major investment drive with the launch of the ‘Land Bank Management Information System (LBMIS)’, an automated platform making over 3,000 acres of state and privately-owned land available for development.

Sri Lanka’s foreign direct investment (FDI) has increased by US $ 96 million in the first quarter of 2025, compared with the same period in 2024.

Listed companies posted 57.4 percent year-on-year increase in earnings for the March 2025 quarter, marking the sixth consecutive quarter of growth. This is as banking and consumer-led sectors

The Inland Revenue Department (IRD) has disbursed a large portion of its long-standing tax refund backlog this year, following a targeted intervention by the Finance Ministry to address a major grievance within the business community.

A fundamental shift from traditional, process-heavy public procurement to an agile, outcome-based model is paramount to accelerating Sri Lanka’s digital economy, according to Chief Advisor to the President on Digital Economy Dr. Hans Wijayasuriya.

Sri Lanka received what can be called a charged address from the International Monetary Fund (IMF) yesterday, which declared that the island nation’s recovery from its worst economic crisis in decades must not be wasted.

Sri Lanka’s tourism sector registered robust growth in the first ten days of June, welcoming 43,962 visitors.

The International Monetary Fund (IMF) said it is closely working with the Sri Lankan authorities to assess the recent regulatory measures,

Eligible exporters with low and medium-risk profiles will be able to receive their VAT refunds within an expedited 15-day period under a new risk-based refund system, which is set to replace the current Simplified Value Added Tax (SVAT) system from 1

The Public Utilities Commission of Sri Lanka (PUCSL) yesterday approved a 15 percent increase in electricity tariffs, moderating the previously proposed hike.

The Sri Lanka Ports Authority (SLPA) yesterday moved to reassure the shipping industry an end to operational shutdowns at the East Container Terminal (ECT) previously required for construction.

In a significant move to deepen economic ties, India and Sri Lanka are actively exploring a dual listing framework between India’s NSE International Exchange (NSE IX) and the Colombo Stock Exchange (CSE).

Half of Sri Lankans suffer from some form of dental disease and a concerning 6 percent of the population has no teeth at all, according to the Sri Lanka Dental Association (SLDA), which has flagged poor oral hygiene as a “silent epidemic” requiri

The Colombo Port, long considered the economic heartbeat of Sri Lanka, is heading towards a ‘natural death’ due to mismanagement at the Sri Lanka Ports Authority (SLPA), Co-Convenor of the Joint Alliance

The Port of Colombo’s transshipment volumes recorded a 5.8 percent year-on-year (YoY) decline in April 2025, reaching 495,456 twenty-foot equivalent units (TEUs), marking the fourth consecutive month of slowdown in this crucial segment.

The lack of sufficient hard collateral has long blocked small and medium enterprises (SMEs) in Sri Lanka from accessing finance.

Sri Lanka’s private sector received a firm directive from President Anura Kumara Dissanayake yesterday, who said businesses “must pay fair taxes” and not seek tax revisions for industry development.

Sri Lanka’s external sector showed steady footing in April 2025, holding its ground amid mounting import pressure, as the country posted a current account surplus for the fourth consecutive month, thanks to strong inflows from tourism and worker re

The consumer prices in the Colombo district fell 0.7 percent in the 12 months through May 2025, decelerating from the 2.0 percent decline recorded in April, as the country nears the end of its deflationary stretch that began in September last year, w

A surprise ruling by a US trade court blocking most of the steep tariffs announced by President Donald Trump may give Sri Lanka a much-needed breather, however, the country must not squander this window