An Echelon Media Company
Thursday September 21st, 2023

Sri Lanka, USA strengthen bilateral trade and investment relations

Officials from both countries met for the 14th Trade and Investment Framework Agreement (TIFA) council meeting

September 19, 2023 1 min read

Sri Lanka seeks bilateral trade agreement with South Korea

Sri Lanka's President discussed the importance of finalizing a trade agreement between Sri Lanka and South Korea

September 19, 2023 2 min read

Sri Lanka to produce pomegranates to ‘save forex’ amid inflationism

After eight months, a tree will give a yield of 10 to 15 kilograms. A tree has a lifespan of about 35 years.

September 19, 2023 2 min read

Sri Lanka President World Bank chair discuss South Asian energy interconnection

Ranil Wickremesinghe has discussed ongoing economic reforms and sector growth plans with World Bank

September 19, 2023 1 min read
Sri Lanka Aswesuma beneficiaries receive delayed welfare pay

As another phase of "Aswesuma" a payment of Rs.799.5 million for 113’713 beneficiaries have been paid for July

Sri Lanka aims to boost jobs for disabled; targets 10% in 2023

Sri Lanka has more than 1.6 million people with some kind of disabilities

Sri Lanka to sign MoU with Kuwait for bilateral consultative mechanism

The memorandum of understanding will be signed on the sidelines of the UN General Assembly Sessions held in New York.

Apsara Rodrigo
September 14, 2023 2 min read

Sri Lanka's SEC approves new listing board and rules for SOEs

SEC approves creation of a separate CSE listing board and listing rules for SOEs

September 13, 2023 3 min read

Tax concessions on water purification equipment imports for Sri Lanka's Beira clean-up project

Cabinet approves proposal to improve Beira Lake water quality through a pilot project by a Singaporean company

Neshella Perera
September 13, 2023 1 min read

Sri Lanka accepts exchange offers for 37 pct of eligible bonds, 84 pct of pension fund bonds

The government will issue new bonds to eligible holders on Thursday September 14.

September 13, 2023 4 min read

Sri Lanka Cabinet postpones SVAT abolition

Cabinet agreed to postpone repeal of the simplified value added tax (SVAT) to April 1, 2025.

September 13, 2023 2 min read

Over 50 pct of Sri Lanka's returned migrant workers plan to go back: IPS study

The IPS said 193 respondents are considering re-migration within 2023.

September 12, 2023 5 min read

Sri Lanka customs confiscates mis-declared arecanut

Sri Lanka Customs confiscates arecanut valued at 27,484,868 rupees.

Apsara Rodrigo
September 12, 2023 1 min read

Sri Lanka extends special commodity levy on potatoes by four months

Minister of Finance said special commodity levy of 50 rupees on a kilo of potatoes is to be extended by four months

Nethmi Rajawasam
September 11, 2023 1 min read

Sri Lanka's foreign reserves in line with IMF targets despite August dip: official

“Last year, we were among countries with the lowest levels of state revenue,” said Siyambalapitiya.

September 11, 2023 2 min read

Sri Lanka chamber suggests French alternative to scrapping SVAT

Sri Lanka is scrapping SVAT as part of streamlining the VAT system under an International Monetary Fund backed program.

September 11, 2023 2 min read
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UK Pound 429.0139 401.1871
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Aus Dollar 227.2526 211.5951
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pts %
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Overnight Money 13.93 14.00
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Sri Lanka SOE unions want good investors in divestment, job security

Management resistence in one or two companies

September 10, 2023 2 min read

Sri Lanka remittances up 53-pct to US$499mn in August

The August number is slightly lower than 541 million US dollars in July

September 9, 2023 1 min read

Sri Lanka to make EPF, ETF mandatory for domestic aides, plumbers

The government hopes to increase the number of contributors to the funds.

September 8, 2023 2 min read

Sri Lanka must not allow elections to distract from stabilisation: ex-central bank chief

"We must not allow the gains that we have made to be reversed through policy slippage,” he said.

Himal Kotelawala
September 8, 2023 7 min read

Sri Lanka may appoint local advisors for small SOE divestments

About 80 state commercial entities could potentially be divested

September 8, 2023 1 min read

Sri Lanka stabilized faster than other countries in crisis: Minister

Sri Lanka's inflation is near zero, and the central bank allowed the rupee to appreciate after curbing domestic credit

September 8, 2023 5 min read

Sri Lanka forex reserves down US$164mn in Aug

Sri Lanka has repaid a swap to Bangladesh

September 8, 2023 2 min read

Sri Lanka parliament passes DDR linked superannuation tax


September 7, 2023 2 min read

Over 250,000 Sri Lankans to receive Aswesuma welfare pay on Sep 08: official

The Welfare Benefits Board will make the payments for the remaining beneficiaries after verification of accounts.

September 7, 2023 4 min read

Sri Lanka to use Biyagama free trade zone as blueprint for industrialisation: president

“These areas are set to undergo rapid development, transforming into vibrant commercial cities,” he said.

September 7, 2023 2 min read