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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…

Bangladesh-Sri Lanka Trade Ties: Issues and Prospects

By Muhammad Estiak Hussain Bangladesh and Sri Lanka are two friendly neighbors from South Asia. Although the formal diplomatic relations were established in 1972, the relationship goes beyond that dating…

Exporters turn less pessimistic on economic outlook despite expected revenue slowdown in 2023

In terms of the outlook for 2023 and in particular the first half of 2023, export firms have turned more optimistic in their views on the economy relative to six…

Sri Lank’s trade deficit hits a 12-year low in 2022

The deficit in the trade account in 2022 narrowed to the lowest level since 2010 to $ 5,185 million, from $8,139 million recorded in 2021. Earnings from exports in 2022…

Ceylon Chamber Hosts Investment Promotion Meeting with Bangladesh’s EPZ Authority

With the nation of Bangladesh poised to become an economic powerhouse in the South Asian region,the Ceylon Chamber of Commerce hosted a meeting with a high-level delegation representing theBangladesh Export…

EU strongly urges Sri Lanka to lift forthwith import restrictions

The European Union (EU) has strongly urged Sri Lanka to lift forthwith import restrictions preventing many European products from entering its market during the 24th meeting of the Joint Commission held…

Sri Lanka focus on ‘homegrown solutions’ to settle $6.9 billion external debt servicing obligations for 2022

Sri Lanka will focus on ‘homegrown solutions’ to settle $6.9 billion external debt servicing obligations for 2022 with nearly half of these obligations falling within the 1st quarter of the…

Most Sri Lankan Exporters Grappled with high costs and shortages in sourcing inputs for exports

Most of Sri Lanka’s exporters are grappled with high costs in sourcing export inputs with some exporters are struggling to source export inputs while facing shortages, according to a recent…

Navigating through High Maritime Freight Rates

By Imesha Dissanayake Maritime Freight rates have been on an upward trend since the second half of 2020. The Drewry’scomposite World Container Index (WCI) as of 30th September 2021 increased…

Shipping during COVID-19: Why container freight rates have surged

By United Nations Conference on Trade and Development (UNCTAD) When the Ever Given megaship blocked traffic in the Suez Canal for almost a week in March, it triggered a new…