An Echelon Media Company
Tuesday September 26th, 2023

Sri Lanka brings back import para tariff on milk

Milk powder back under PAL tax

September 24, 2023 1 min read

Sri Lanka, India discuss to resume ETCA negotiations

Sri Lanka saw protests against ETCA when it was scheduled to be signed

September 23, 2023 2 min read

Sri Lanka has to give quick service, look after investors: Minister

The Board of Investment has to provide quick service to foreign investors and look after them

September 22, 2023 2 min read

Sri Lanka's labor minister talks labor law reforms with exporters

Objectives include boosting female workforce participation, attracting FDI, and robust social security.

September 21, 2023 1 min read
Sri Lanka, Nepal look to boost trade, tourism, and education opportunities

Potential to increase economic cooperation and enhance people to people contact through education opportunities

Sri Lanka business roundtable in NY to attract investment

Business meeting in New York saw participation from 40 US businesses keen on exploring investment and trade in SL

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 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 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

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 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

Sri Lanka to relax all import controls except cars by December: Minister

Sri Lanka has relaxed import controls step by step over the past few months

September 6, 2023 1 min read

Sri Lanka SOE to export mineral sands to China

The statement quoted Lanka Mineral Sands Chairman saying that two ships will arrive in Sri Lanka to carry the mineral.

Nethmi Rajawasam
September 6, 2023 1 min read

Sri Lanka BOP surplus in July 2023 as exports fall 12-pct, imports up 8-pct

The central bank has operated broadly deflationary open market operations

September 1, 2023 2 min read

Sri Lanka migrant worker departures slightly down in 2Q, passport issues still high

Passport issues continue apace

September 1, 2023 2 min read
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Sri Lanka abolishes wheat flour import licensing, hikes tax: Minister

Wheat flour also has other taxes

August 30, 2023 1 min read

Sri Lanka exports down 11.9-pct in July, India up 29-pct

Apparel exports were down 22-pct in July

August 29, 2023 1 min read

Sri Lanka mulls import taxes or looser licenses for wheat flour: Minister

In the future we expect to widen the permits to bring the required volume of wheat. Or we can revise the import tax

August 28, 2023 3 min read

Sri Lanka generates USD 315 mn exporting gems & jewellery in 2023 so far: minister

“The Central Bank confirms a remarkable 34 percent growth in export revenue for the Gems and Jewellery Authority."

August 22, 2023 2 min read

Defaulted Sri Lanka looking to 'guarantee' unrecognized truck, bus LCs

Vehicle importers complain that import LCs are not recognized internationally

August 22, 2023 2 min read

Sri Lanka cannot progress with import restrictions: Minister

"There cannot be another economic crisis from removing restrictions. A country cannot go on with import controls.”

Nethmi Rajawasam
August 21, 2023 2 min read

Sri Lanka gets more remittances from Maldives than Australia

Middle Eastern states with currency board like arrangements and liberal work visas were top sources of remittances

August 20, 2023 2 min read

Sri Lanka COPF queries duopoly after alleged wheat tax scam

Tax loss of about 2 billion rupees a month by the import of grain

Nethmi Rajawasam
August 20, 2023 5 min read

Sri Lanka allows imports of buses, trucks from Aug 14

Special purpose trucks also allowed

August 15, 2023 1 min read

Sri Lanka posts US$1,958mn BOP surplus up to June 2023

BOP surpluses are possible only in pegged exchange rate central banks

August 13, 2023 2 min read
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