Sri Lanka’s vehicle tax structure has come under renewed scrutiny, with tax experts warning that the imposition of the value added tax (VAT) on top of an already VAT-inclusive excise duty has resulted in a “tax on tax” scenario, making the syst

Aitken Spence PLC has delivered strong profit growth for the nine months ended despite external economic and geopolitical challenges.

While expressing keenness to extend possible visa-free travel for Sri Lankan tourists visiting Malaysia,

Supreme Court Justice Yasantha Kodagoda, President’s Council (PC), has called on Sri Lanka’s corporates to appoint a ‘Chief Integrity Officer’ within their organisations to foster a culture of integrity and zero tolerance for bribery and corr

President Anura Kumara Dissanayake stressed that Sri Lanka’s only viable path for recovery is to continue on the current International Monetary Fund (IMF)-backed path and to build up the economy on this foundation.

SriLankan Airlines plans to double its fleet to 50 aircrafts within five years as Sri Lanka targets US $10 billion in annual tourism revenue by the end of the decade.

Hatton National Bank PLC (HNB) yesterday announced the rebranding of Acuity Partners (Pvt) Ltd as HNB Investment Bank (Pvt) Ltd, following its complete acquisition of the securities firm.

Sri Lanka’s tourism sector, having overcome multiple challenges over the past five years, has reached a new milestone, with tourist arrivals in January hitting an all-time high for the month.

In an effort to address issues faced by local small and medium enterprises (SMEs), the Ministry of Finance announced this week the establishment of a national advisory committee.

Premier blue chip, John Keells Holdings PLC (JKH) reported steady earnings growth in the third quarter, the financial year ending 2025 (3Q25), supported by improved performances across key sectors and a stabilising macroeconomic environment.

Sri Lanka’s imports raced in December last year to US$ 1,924.5 million, up 29.3 percent from the same month in 2023, reaching the highest monthly outflow for imports during 2024.

The consumer prices in the Colombo district fell 4.0 percent in the 12 months through January 2025, compared to the 1.7 percent decline in the prices in December 2024.

Sri Lanka has set itself yet another ambitious goal, this time raising the renewable energy target from the current 70 percent to 100 percent, aiming for a complete transition to clean energy.

In line with widespread expectations, the Central Bank kept its Overnight Policy Rate (OPR) — its new key policy rate — at 8.00 percent at its first policy meeting of the year.

President Anura Kumara Dissanayake delivered a strong message to Sri Lanka’s private sector yesterday, urging them to step up and play their part in uplifting the national economy, rather than leaving the entire burden of transformation on the gove

Sri Lanka’s export fraternity must intensify efforts to diversify its markets and product basket as President Anura Kumara Dissanayake has directed the industries and officials to work towards achieving an ambitious export revenue target of US $ 36

As the importation of passenger vehicles is set to reopen with effect from 1st February, the government is being urged to adopt a tax system to address the possible initial surge in demand for vehicle imports and to minimise revenue leakage through u

Sri Lanka could see the end to the current stretch of deflation in the second quarter before reaching the target level of 5.0 percent in the third, supported mainly by the accommodative monetary policy stance, which the Central Bank has been pursuing

Sri Lanka possesses a strong foundation for a digital economy, with 75 percent of the necessary skills already in place, according to Chief Advisor to the President on Digital Economy Dr. Hans Wijesuriya. However, to fully capitalise on this potenti

The Colombo Stock Exchange (CSE) is targeting 20 initial public offerings (IPOs) this year, with the IPOs with five to six already in the pipeline, according to its Chairman Dilshan Wirasekara.

The Ceylon Chamber of Coconut Industries (CCCI), the umbrella organisation for Sri Lanka’s coconut industry, yesterday urged the government to expedite the proposal to import 200 million nuts urgently to avert a looming dual crisis.

The transshipment volumes handled by the Port of Colombo jumped by 9.7 percent year-on-year (YoY) to a record high of 6.31 million 20-foot equivalent units (TEUs) in 2024, with the transshipment volumes accounting for 81 percent of the port’s conta

The government announced its plans to strengthen the connection between financial markets, including capital markets, and the real economy, while integrating advancements in emerging technologies.

China has extended its US $ 1.4 billion currency swap arrangement to Sri Lanka, the Central Bank of Sri Lanka affirmed yesterday.

Sri Lanka’s struggling businesses can find some respite as the Finance Ministry yesterday announced details of a relief package for small and medium-sized enterprises (SMEs) facing difficulties servicing their debt due to the economic crisis follow

The Joint Apparel Association Forum (JAAF) yesterday reiterated the need for targeted policy initiatives that would help Sri Lanka leverage the opportunities created by the geopolitical shifts in the global apparel trade.

​Sri Lanka’s new food regulation, mandating an 80 percent extraction rate for wheat flour has raised serious concerns across the industry, with stakeholders warning that its immediate roll-out could alter consumption patterns, and in turn have ad

Sri Lanka’s tea industry is set for a year of modest growth in 2025, despite facing several challenges and uncertainties, an analysis by Forbes and Walker Tea Brokers showed.

On the heels of the Central Bank transitioning to a single policy rate from a dual policy rate structure for implementing and communicating the monetary policy, the Central Bank said it is currently in the process of reviewing the Statutory Reserve R

Emirates, one of the two flag carriers of the United Arab Emirates (UAE), announced it is all set to officially become the world’s first ‘Autism Certified Airline’.