Business

190 Articles
Business

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...

Business

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...

Business

Sri Lanka’s rubber exporters seek tariff relief to compete in US market

Ahead of the August 1 deadline for further negotiations on the tariffs imposed by the Trump administration, the Sri Lankan rubber exporters said...

Business

German investor abandons $100M Sri Lankan waste-to-energy project

A high-level meeting organized by the Central Province Governor’s Office to discuss a major waste-to-energy project was abruptly cancelled this week, prompting a...

Business

U.S. tariff delivers major blow to Sri Lanka’s coconut exports

Sri Lanka’s coconut exporters have raised serious concerns over a 30 percent tariff imposed by the United States, warning that the move could...

Business

CoPF approves tea license fee to fund industry development

The Committee on Public Finance (CoPF) approved the Regulations under the Tea (Tax and control of export) Act, No. 16 of 1959. This...

Business

CBSL expected to cut policy rate by 25bps in Q3

The Central Bank of Sri Lanka (CBSL) is likely to cut policy rate by 25bps in the third quarter of 2025 to counter...

Business

Sri Lanka signs MoU with Oman to combat money laundering and terrorist financing

The Financial Intelligence Unit of Sri Lanka (FIU-Sri Lanka) has entered into a Memorandum of Understanding (MOU) with the National Center for Financial...