A leading business magazine says that “business confidence has nudged up to match its all-time high amid multiple sensitivities.”
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After five years, a shipment of motor vehicles imported for personal use arrived at the Colombo port today.This shipment was made possible following the government’s decision to ease import restrictions.
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Access Logistics Park Ekala (Pvt) Ltd, a fully owned subsidiary of Access Engineering PLC, has entered into a power purchase agreement (PPA) with the Ceylon Electricity Board (CEB), the company said.
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Sri Lanka is seeing new entrants and products in several markets with the central bank helping drive down costs with currency stability, a top player in fast moving consumer goods, stationery and healthcare.
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The Ministry of Industries is gearing up to launch a nationwide SME incubator system campaign backed by the Rs. 1 billion allocation dedicated for research and development (R&D) commercialisation under the government’s 2025 budget.
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Sri Lanka has earned 26.23 billion US dollars through exports of goods and services, including tourism and labour in 2024, up 12.6 percent from 23.29 billion a year earlier, data from the central bank shows.
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The Hambantota International Port (HIP) began maintenance dredging this month in order to restore the harbour’s original depth. The operation undertaken by HIP to ensure the continued safe navigation of vessels began early February and is expected to be completed in approximately two months.
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Sri Lanka’s legal liquor consumption declined by 9.5 percent Year-on-Year (YoY) in the first ten months of 2024, driven by a significant drop in hard liquor consumption following tax increases, according to the Ministry of Finance.
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The Cabinet of Ministers has approved the proposal presented by the Minister of Power and Energy to take further necessary steps related to the establishment of two solar power plants with capacity of 50 Megawatt and 70 Megawatt at Sampur in Trincomalee, as a joint venture between Sri Lanka and India.
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Sri Lanka’s Purchasing Managers’ Index (PMI) for January 2025 recorded growth in both manufacturing and services sectors.
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