Business
COPF approves new guidelines to ease overseas investment rules for Sri Lankan firms
The Committee on Public Finance (COPF) has approved a key set of updated guidelines aimed at easing restrictions on outward investments by Sri...
Foreign nationals impact tourism in Arugam Bay: Concerns over unlawful business practices
Arugam Bay is famous for its beautiful coastline and great surfing spots. It has been an important part of Sri Lanka’s tourism for...
As rivals negotiate deals, Sri Lanka stumbles in global trade race
Two of Sri Lanka’s flagship export industries, tea and rubber, are facing growing turmoil as the United States prepares to impose a steep...
E-commerce giants cut Sri Lanka shipments
Major e-commerce retailers like AliExpress and Temu have reduced their shipment frequency to Sri Lanka from daily deliveries to just three times a...
Sri Lanka Customs uncovers suspected tax evasion in BYD EV imports
Sri Lanka Customs has detained nearly 1,000 Chinese-made BYD electric vehicles at the Colombo Port amid suspicions of tax underpayment due to discrepancies...
No zero-tariff deal: Sri Lanka falls short in US trade talks
While Sri Lanka remains hopeful of concluding a proposed trade agreement with the United States before August, the Government has made it clear...
How China’s ‘big winner’ BYD conquered Sri Lanka’s high-tariff car market
By Dimuthu Attanayake Aggressive pricing, shrewd tax engineering and a trusted local partner have propelled China’s BYD to a commanding position in Sri...
Central Bank warns consumers against unauthorised card transaction fees
The Central Bank of Sri Lanka (CBSL) has issued a firm reminder to merchants that imposing additional fees, typically ranging from 2.5% to...
