The Sri Lanka Pharma Manufacturers Association (SLPMA) issued a stark warning, stating the country’s domestic pharmaceutical production could plummet to a mere 5 percent of government supply if critical buyback agreements are not extended.

On July 10, the UK government unveiled a package of reforms to simplify the imports from developing countries like Sri Lanka.

Sri Lanka’s apparel sector, a key pillar of the island’s export economy, yesterday raised red flags over the United States’ move to impose a 30 percent reciprocal tariff on all Sri Lankan products starting 1 August

With Sri Lanka’s new 18 percent Value Added Tax (VAT) on foreign digital services now a settled policy taking effect this October, focus has sharply shifted to its potential economic fallout.

A significant duty fraud scheme involving courier imports from popular e-commerce platforms like Temu is causing a daily loss of between Rs. 35 to 50 million in tax revenue to the Sri Lankan government, industry leaders claimed at a press conference

The Sri Lanka Shippers’ Council (SLSC) yesterday mounted a defence of the nation’s state-mandated all-inclusive freight regulation, as the government signals willingness to review the regulation.

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.

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.

As Sri Lanka’s export sector holds its breath ahead of the 9 July deadline for the 44 percent US reciprocal tariff to take effect, the International Monetary Fund (IMF) yesterday expressed serious concerns about the

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.