Government Revenue Rises 18% amidst High Spending in Early 2025
Sri Lanka’s state revenue rose 18% to Rs. 760.7 billion in the first two months of 2025, driven by increased tax
Continue Reading
Sri Lanka’s tourist arrivals record anew high to 174,608
Sri Lanka’s tourist arrivals increased 17.3 percent from a year ago to 174,608 in April 2025, with most visitors
Continue Reading
Commercial Bank of Ceylon Expands Global Reach with DIFC Office
The Commercial Bank of Ceylon is set to strengthen its international presence by opening a Representative Office in the Dubai
Continue Reading
Central Bank transfers some dollar reserves to Switzerland to tackle risk
Sri Lanka has shifted some of the Treasury foreign reserves which were earlier held in the United States into Switzerland in 2024 to manage risk, the central bank said.
Continue Reading
Construction sector shows modest growth in March as small-scale projects lead the way
Sri Lanka’s construction sector showed signs of continued expansion in March, with the Purchasing Managers’ Index (PMI) for Construction reaching 54.3.
Continue Reading
Sri Lankan online shoppers stick to cash on delivery amid digital payment hesitation
52 % of Sri Lankan online shoppers prefer COD, up from 48 % in the previous year Digital payment methods such as e-wallets lag 1 percent or less
Continue Reading
Govt eases several more restrictions on vehicle imports
The Ministry of Finance has issued a new gazette notification easing several more restrictions on vehicle imports, with effect from April 29, 2025.
Continue Reading
Sri Lanka construction expands at a slower rate in March 2025: PMI
Sri Lanka’s construction sector expanded in March 2025, but at a slower rate than in February, according to a Purchasing Managers Index compiled by the central bank.
Continue Reading
‘Transformational change’ needed in Sri Lanka’s apparel industry: EDB
A ‘transformational change’ is needed in Sri Lanka’s apparel industry,
Continue Reading
Rs.4.5 Mn worth of jewelry and valuables stolen from Swiss Ambassador’s residence
A stock of gold jewelry, including a diamond-studded ring and luxury wristwatches,
Continue Reading