Business
US sanctions Laugfs Group’s Dubai unit for trading Iranian gas
The United States has named Slogal Energy DMCC, a unit of Sri Lank’s Laugfs group, for allegedly trading in Iranian petrochemicals. “United Arab...
World Bank warns US tariffs could slash Sri Lanka’s garment exports by 12%, World Bank warns
Sri Lanka’s ready-made garment (RMG) sector faces a sharp challenge as a 20% tariff imposed by the United States could reduce the country’s...
Gold price reaches $4,000 an ounce for the first time ever
Gold prices hit $4,000 for the first time Tuesday as investors seek a safe haven from a weaker dollar, geopolitical volatility, economic uncertainty...
Central Bank calls for structured oversight of cryptocurrencies
The Central Bank of Sri Lanka (CBSL) has recommended the establishment of a high-level committee to the government, aimed at shaping policy decisions...
Govt. decision on spice imports slammed
The Planters’ Association has found fault with a government decision to allow a handful of companies to import spices under a new regulatory...
Exporters face cash crunch, FDI at risk after SVAT scheme axed
The Sri Lanka Shippers’ Council (SLSC) has said that the Government’s decision to abolish the Simplified Value Added Tax (SVAT) scheme could have...
Sri Lanka’s local drug industry faces ‘imminent threat’ from new pricing policy, warns manufacturers’ body
Sri Lanka’s domestic pharmaceutical manufacturers have raised serious concerns over a new government pricing formula for medicines, calling it an “imminent threat” to...
Vehicle importers challenge Treasury’s 35% surcharge proposal in court
A group of vehicle importers has raised objections to a Treasury proposal seeking to impose a 35% surcharge for the release of vehicles...
