An Echelon Media Company
Friday July 30th, 2021

Sri Lanka apparel exporters hopeful of GSP+ extension

Says authorities addressing concerns

3 min read

Sri Lanka import controls shattered by credit, money printing in May

Investment and intermediate goods 'permitted' by bureaucrats surge

3 min read

Sri Lanka 2016-2017 cash subsidy reduced fertilizer use but not yield: Minister

Imports were 400,000 tonnes in 2016 compared to 900,000 in 2019

3 min read

Sri Lanka updates EU on terror revision ahead of GSP+ monitoring mission

EU had raised concerns over rule of law

3 min read

Sri Lanka could double exports to US$20bn with organic crops after fertilizer ban: Trade Minister

"If we make the country organic we can earn 20 billion US dollars in two years." the minister said

Sri Lanka exports up 9.4-pct in June 2021

US, UK, Germany leads

Losing GSP+ will spell disaster for Sri Lanka's economy: former PM Wickremesinghe

"In the face of the danger that has arisen, the GSP+ must not be politicised."

3 min read

Sri Lanka diplomats should help keep GSP+ going: Central Bank Governor

CB is also working on measures

Imesh Ranasinghe

3 min read

Sri Lanka can continue to control imports: Central Bank

There are goods that can be made in the country that is better than the foreign ones

1 min read

Sri Lanka exports maintain momentum in April 2021

Exports maintain 2019 level just as a third wave hits

2 min read

Sri Lanka imports surge in March 2021 despite controls as credit, exports recover

Analysts had warned that imports will rise as credit picked up and import controls were a Mercantilist policy error

3 min read

Sri Lanka foreign TV commercial tax allowed in one month slot

In a gazette notice a one month license for Rs100,000 was introduced

2 min read

Sri Lanka allows import of some agro-chemicals under license

The new rules apply to bills of lading and airway bills dated May 06 or after.

1 min read

Sri Lanka President plants turmeric in garden in import substitution drive

Five 'grade-A' turmeric plants would be given to 1.5mn families to produce their own requirements

2 min read

Sri Lanka merchandise exports reach US$1,066.1mn in March 2021

Export earnings were up 11.5 percent in the first quarter of 2021 to 2,945.53 million US dollars.

1 min read

Sri Lanka raises tax on imported potatoes to Rs50

Sri Lanka has raised a tax on potatoes to give higher profits to farmers as harvests come in

1 min read

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UK Pound 278.1954 277.5112
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Aus Dollar 147.2188 147.1464
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Sri Lanka sugar SOE making profits after ethanol ban

Lanka Sugar Company (Pvt) Ltd, built by re-expropriating two privatized firms, are now making profits after ethanol impo...

2 min read

Sri Lanka to ban chemical fertilizer imports in 'near future'

Sri Lanka will ban the import of chemical fertilizer in the 'near future' as pollution of waterways and suspected kidney...

2 min read

Sri Lanka exporters, importers battle high rates, box shortfalls to maintain trade lifeline

Sri Lanka's exporters and importers are working against multiple global and domestic disruptions in logistics in the pos...

Mahadiya Hamza

6 min read

Sri Lanka rupee plunges amid money printing as car imports collapse

Sri Lanka's rupee has plunged to 199 to the US dollar in March as vehicle imports collapsed to almost nothing, official ...

2 min read

Sri Lanka imports down 2.5-pct in Feb 2021, exports down 3.7-pct

Sri Lanka's imports were down 2.5 percent from a year ago to 1,524 million US dollars while exports were down 3.7 percen...

2 min read

Sri Lanka cuts exporter proceeds conversion rule to 10-pct

Sri Lanka has cut a requirement to covert export proceeds into rupees to 10 percent from an earlier 25 percent in new r...

1 min read

Sri Lanka seeks to extend payment terms for oil imports

Sri Lanka is in talks with oil supplying countries to extend payments terms for up to one year, Treasury Secretary S R A...

2 min read

Sri Lanka to allow palm stearin imports, other fractions 'unhealthy'

Sri Lanka will allow palm stearin, a fraction of palm oil produced through an industrial process used in food products, ...

3 min read

India says boosting Covid-19 vaccine production, as Sri Lanka faces delay in order

India is boosting vaccine production capacity as domestic cases also continue to rise and Sri Lanka has said the origina...

1 min read

Ban-nomics: Sri Lanka to ban imports of handloom textiles, printed batiks

Sri Lanka will ban the import of printed batik and handloom textiles to eliminate competition from imports for domestic ...

4 min read