Sri Lanka, Aug. 13 -- Sri Lanka has set an ambitious goal for its artificial intelligence (AI) sector contributing US$ 1.5 to US$ 1.8 billion, or 10-12 percent, of the nation's projected US$ 15 billio... Read More
Sri Lanka, July 16 -- Sri Lanka's ambitious goal of welcoming 3 million tourists in 2025 faces further pressure after a lackluster start to July. The island nation recorded 79,771 arrivals in the fi... Read More
Sri Lanka, July 11 -- A new report from a group of eminent economic thinkers has proposed the formulation of an independent growth commission to guide Sri Lanka towards sustained economic recovery and... Read More
Sri Lanka, July 10 -- Sri Lanka's domestic clothing brands are calling for a drastic 300 to 400 percent increase in the Commodity Export Subsidy Scheme (CESS) levy on the imported apparel, arguing it ... Read More
Sri Lanka, July 10 -- With Sri Lanka's new 18 percent Value Added Tax (VAT) on foreign digital services now a settled policy taking effect this October, focus has sharply shifted to its potential econ... Read More
Sri Lanka, July 8 -- Sri Lanka's economy is bracing for a potential shockwave, as the Free Trade Zone Manufacturers Association (FTZMA) warns that the proposed tariffs by President Donald Trump could ... Read More
Sri Lanka, July 8 -- The National Transport Commission (NTC) is advancing its plans to modernise Sri Lanka's public transport system by introducing a prepaid transit card and integrating bus routes in... Read More
Sri Lanka, July 5 -- The United Nations Development Programme (UNDP) warned that Sri Lanka's household debt crisis has likely intensified since last measured in 2023, as it threw its weight behind a m... Read More
Sri Lanka, June 26 -- Hundreds of vehicles are stranded at the port, with hundreds more on the way, after Sri Lanka Customs abruptly halted the clearance of vehicles imported under cross-border Letter... Read More
Sri Lanka, June 20 -- The Inland Revenue Department (IRD) has disbursed a large portion of its long-standing tax refund backlog this year, following a targeted intervention by the Finance Ministry to ... Read More