The Inland Revenue Department (IRD) has announced that all non-resident persons who provide services to customers in Sri Lanka through electronic platforms must register for Value Added Tax (VAT) if their earnings exceed a specified limit.

The Colombo Stock Exchange (CSE) closed the trading day on a negative note. As the new week commenced, the market experienced a decline, with investors engaging in profit-taking throughout the session.

A gazette notification has been issued announcing the list of digital services on which an 18 percent Value Added Tax (VAT) will be imposed with effect from October 01, 2025.

Sri Lankan consumers and businesses making purchases from overseas online services could face further delays unless the government updates the country’s outdated e-commerce tax rules, the Advocata Institute has warned.

Credit to the private sector by the licensed commercial banks picked up pace in May. This is after a brief slowdown in April caused by the festive season holidays.

A top Sri Lankan trade economist has called for a strategic overhaul of the nation’s approach to international trade deals, urging investment in a permanent, skilled institutional framework for negotiations rather than relying on ad-hoc teams of re

Earnings from tourism trade rose in June to US$ 169.5 from US$ 164.1 million in May 2025 and US$ 151.1 million in the same month last year as arrivals continued to come in at higher than a year ago levels although fell short of the target levels.

The Chief Advisor to the President on Digital Economy Dr. Hans Wijayasuriya has called for an urgent overhaul of policies governing capital and talent mobility, declaring such reforms “non-negotiable” to achieve the nation’s ambitious goal of c

Proposed amendments to Sri Lanka’s Companies Act of 2007, mandating the creation of public beneficial ownership registers, have ignited considerable discussion within the nation’s business and legal communities.

The Central Bank of Sri Lanka (CBSL) has extended the suspension of Perpetual Treasuries Limited (PTL) from operating as a Primary Dealer for an additional six months, effective 5 July, 2025.

The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), Sri Lanka Institute of Directors (SLID) and KPMG, recently hosted a successful Family Business Forum themed ‘Building a Lasting Famil

Sri Lanka’s number one and most trusted real estate powerhouse Home Lands Group successfully concluded the acquisition of nearly one acre of Colombo city land in Thummulla, at a record Rs.29 million per perch, the highest ever amount paid per perch

In a powerful step toward environmental sustainability and youth empowerment, NDB Bank announced its partnership with the Wildlife and Nature Protection Society (WNPS) to support the expansion of the WNPS Youth Wing’s Education for Conservation pro

Cap Snap Lanka (Pvt.) Ltd won four Gold awards at National Convention on Quality and Productivity 2025, held recently at Mount Lavinia Hotel, where its subsidiary American Polymers (Pvt.) Ltd also received a Silver award.

A key leadership announcement was made as Lasitha Wimalaratne has been appointed as an Executive Director of HNB Assurance PLC, while Sithumina Jayasundara has been appointed as an Executive Director of HNB General Insurance Limited.

In a bold step toward sustainable modern transportation, Singer Sri Lanka PLC, in partnership with Piaggio Vehicles, unveiled Piaggio Apé E City, an advanced electric three-wheeler, at Colombo EV Motor Show 2025.

Colombo Dockyard PLC, a public listed company, Sri Lanka’s premier shipbuilding and ship repairing facility, announced the signing of a landmark strategic investment agreement with Mazagon Dock Shipbuilders Limited (MDL), India’s premier shipyard

The opening of a Commercial Bank of Ceylon Representative Office in the Dubai International Financial Centre (DIFC), a milestone not just for the bank but for Sri Lanka’s banking sector, was fittingly celebrated recently with the participation of t

Vallibel Finance PLC delivered a standout financial performance in FY 2024/25, marked by double-digit growth across key indicators.

Citizens Development Business Finance PLC (CDB) continues to earn national recognition for its trailblazing AI-powered credit decision-making system, winning Silver in the Digital Transformation Project of the Year Category at CIMA - JXG Pinnacle Awa

Rocell, one of Sri Lanka’s leaders in surface coverings and high-grade bathware, recently honoured and celebrated the top members of the Rocell Installer’s Club with an exclusive appreciation event at Courtyard by Marriott in Colombo.

Amana Bank recently expanded its people-friendly banking model to the Matara district with the opening of its 35th self-banking centre in Galbokka, Weligama, marking another milestone in the bank’s commitment to providing accessible and convenient

Sampath Bank PLC has introduced appointment banking, a premium service that empowers the bank’s most valued clients to take control of how and when they wish to be served, offering personalised attention, complete privacy and a seamless, queue-free

Progressing social inclusion and service accessibility, DFCC Bank has partnered with the Pensions Department to introduce a biometric-enabled life certificate verification system for pensioners.

The United Nations Development Programme (UNDP) warned that Sri Lanka’s household debt crisis has likely intensified since last measured in 2023, as it threw its weight behind a major new financial literacy drive with the Central Bank.

Sri Lanka Export Development Board (EDB) of the Industry and Entrepreneurship Development Ministry has announced its participation in the most renowned organic trade fair worldwide, BioFach 2026.

The auction offerings totalled 6.4 million kilogrammes (M/Kgs), marginally lower to the 6.5 M/Kgs on offer the previous week.

The Central Bank announced the takeover of the operations of Nation Lanka Finance PLC (NLFP), initiating formal resolution proceedings, after repeated regulatory breaches and financial deterioration left the licensed finance company unable to meet th

The board of directors of Bank of Ceylon (BOC), one of the premier state-owned commercial banks in the country, has approved a dividend contribution of Rs.5 billion to the General Treasury, its sole shareholder.

Sri Lanka’s export earnings from rubber and rubber-finished products fell 9.33 percent year-on-year to US $ 73.60 million in May, as sheet rubber exports slumped 40.91 percent, indicating the persistent pressure on the key product categories in int