Chinese imports surpassed Indian imports in early 2024
As the Sri Lankan economy recovered, imports from China have also recovered steadily in the first two months of this year, surpassing India, according to SRILANKA-CHINA ECONOMIC BRIEF ISSUE 1…
Sri Lanka inflation quickens for third month as economy rebounds
Sri Lanka’s inflation climbed in December for a third straight month as a rebound in economic activity boosted consumption. The consumer price index in Colombo rose 4 percent from a…
Colombo Bourse records the largest gain in a month
Colombo Bourse settled firmly in the green zone trading positively throughout the day, continuing its upward trend for the third consecutive day, recording the biggest gain in the past month.…
U.S. International Development Finance Corporation, America’s development finance institution, to fund CWIT, Adani’s JV in Sri Lanka, for USD 553 Million
Development of CWIT will support the growth of the Sri Lankan economy U.S. fund will support development of deepwater shipping container terminal in the Port of Colombo Will facilitate private…
United States Commits Half Billion Dollars to Port Infrastructure in Colombo
The U.S. International Development Finance Corporation (DFC) today announced it has committed more than half a billion dollars to support the development of a deepwater shipping container terminal in the…
COPF Clears New Tax Measures aimed at Closing Tax Loopholes existed Soap Production Import Materials
The Committee on Public Finance (COPF) convened last week to address critical matters pertaining to the importation of ‘soap noodles’ for soap production and to consider the Order under the…
Mundra Port celebrates 25 years of stellar
operations and unparalleled growth
One of the world’s largest ports, with over 260 MMT capacity Handled over 155 MMT in FY 23, nearly 11% of India’s maritime cargo EXIM gateway for container traffic, 33%…
The SLGJA presents FACETS Sri Lanka 2024: Celebrating 30 Years of Excellence in Gems and Jewellery
The Sri Lanka Gem and Jewellery Association (SLGJA) in partnership with the National Gem and Jewellery Authority (NGJA) and the Export Development Board (EDB) is delighted to announce that FACETS…
Ceylon Chamber Urges Government to Reconsider SVAT Abolition amidst concerns on adverse impact on export sector
The Ceylon Chamber of Commerce is urging the Government to reconsider its recent decision to abolish the Simplified Value Added Tax (SVAT) system given the impact it would have on…
COLOMBO PORT CITY RECEIVED APPROVAL FOR
BUSINESSES OF STRATEGIC IMPORTANCE
The Colombo Port City Economic Commission has achieved a significant milestone in its journey, to transform the Colombo Port City into a globally competitive special economic zone (SEZ). The Parliament…