Sri Lanka has spent US$506.1 million on personal vehicle imports in the first seven months of 2025, compared to just US$34.8 million in the same period last year, reflecting a dramatic surge in demand, official data show.
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Sri Lanka’s fintech sector is gaining traction, but doubts linger over whether the government can meet its bold target of building a US$15 billion digital economy by 2030.
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Sri Lanka Customs has detained nearly 1,000 more BYD electric vehicles over disputed motor capacity declarations, raising fears that bureaucratic rigidity could drive global EV giants away from the island.
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Sri Lanka’s capital Colombo has recorded a modest rise in inflation over the past 35 months,
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Sri Lanka lost a crucial chance to assess its rapidly declining marine resources after the UN Food and Agriculture Organization’s (FAO) research vessel Dr Fridtjof Nansen was denied permission to conduct a fisheries survey in local waters due to bureaucratic delays.
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In a significant step towards deepening democratic ties,
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The Government yesterday announced that the Cabinet of Ministers had approved awarding a six-month contract to Aditya Birla Global Trading (Singapore) Ltd.,
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The Commonwealth Secretariat yesterday said Sri Lanka will begin using its Commonwealth Meridian public debt management software from next month as part of its economic recovery plan.
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Sri Lanka has initiated a environmental project to restore Beira Lake in Colombo by deploying solar-powered electric boats designed to collect floating solid waste. This initiative, launched by the Western Province Governor’s Media Unit, aims to remove up to 3,000 kilograms of waste daily from the lake. The program began as a pilot project and is set to expand with …
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