Consumer protection activists have uncovered a concerning case of fraud in Sri Lanka’s rice import trade, where certain individuals exploit government-granted import permits to deceive consumers.
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The Sri Lanka -Maldives Business Council of the Ceylon Chamber of Commerce this week highlighted numerous opportunities in the Maldives for the Sri Lankan companies in sectors such as logistics, tourism, agriculture, boat construction, fishery and construction.
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The government will formulate a mechanism to stop foreigners who engage in business activities while on tourist visas, Prime Minister Harini Amarasuriya said.
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The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka. He made this statement while presenting several proposals in Parliament yesterday (08).
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Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growth of 5% in 2024, the highest in seven years, its central bank chief said on Wednesday, hoping to accelerate a rebound from its worst financial crisis in decades.
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Sri Lanka is set enhance its position in the global market through a robust new product development strategy, which will also create new market opportunities, President Anura Kumara Disanayake emphasized.
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The Chairman of the Committee on Public Finance, MP Dr. Harsha de Silva stated that both the Undial system and the Hawala system are not illegal in Sri Lanka.
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The Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has approved the tariff plans for ‘Starlink’ satellite broadband services to be implemented through ‘Starlink’ Lanka (Private) Ltd.
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Business News of the Day
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Sri Lanka’s Trade Minister, Wasantha Samarasinghe, faced backlash after revealing a request from local tyre manufacturers to impose further import controls.
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