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Budget 2026: Imposition of VAT & SSCL on Imported Coconut Oil & Palm Oil

Sri Lanka, Nov. 7 -- Locally produced coconut oil and palm oil are subjected to Value Added Tax and Social Security Contribution Levy, while imported coconut oil and palm oil are subjected to Special ... Read More


Budget 2026: Removal of CESS and imposition of VAT on Imported Fabric

Sri Lanka, Nov. 7 -- Locally manufactured fabric is subjected to VAT and the imported fabric, although exempted from VAT, is subjected CESS of Rs. 100 per kilo gram. To ensure a level playing field, ... Read More


Budget 2026: Implementation of the National Tariff Policy

Sri Lanka, Nov. 7 -- The President proposes to revise the current Customs Import Duty rates of 0%, 15%, 20%, in line with the National Tariff Policy, to 0%, 10%, 20%, 30%, effective from April 2026. ... Read More


Budget 2026: Imposition of Social Security Contribution Levy on Vehicles

Sri Lanka, Nov. 7 -- It is observed that the social security contribution levy on the sale of vehicles is not being collected properly. Therefore, the social security contribution levy is proposed to... Read More


Policybazaar expands global footprint with tech-led reinsurance entry into SL, Qatar, Oman, and UAE

Sri Lanka, Nov. 7 -- Policybazaar.com, one of India's largest insurance platforms, has announced the launch of its reinsurance operations in Sri Lanka, Qatar, Oman, and the UAE. With this move, Policy... Read More


U.S. Embassy Delegation Visits Hambantota International Port

Sri Lanka, Oct. 30 -- A high-level delegation from the Embassy of the United States in Sri Lanka made a courtesy call to Hambantota International Port (HIP) recently. The delegation, led by Ms Jayne H... Read More


WCIC's 40th anniversary celebrations continue with empowering future female entrepreneurs workshop

Sri Lanka, Oct. 30 -- As part of its year-long 40th Anniversary celebrations, the Women's Chamber of Industry and Commerce (WCIC) hosted another flagship initiative, Empowering Future Female Entrepren... Read More


Hayleys Plantations partners Solidaridad to strengthen global leadership in Regen Agri

Sri Lanka, Oct. 30 -- Hayleys Plantations, home of the world's first Regenagri(R)-certified tea estate, has entered into a landmark partnership with Solidaridad Network Asia and its Sri Lankan partner... Read More


Social Media's role in STEM and safe digital engagement

Sri Lanka, Oct. 30 -- By Umais Naveed When I first encountered social media many years ago, it was largely known as a space for creativity and connection; a place where people came together through s... Read More


Homegrown Reforms Crucial for Sri Lanka's Economic Stabilization by 2028, says IMF

Sri Lanka, Oct. 29 -- The International Monetary Fund (IMF) has stressed that Sri Lanka must "stay the course" and complete its "own homegrown reform program" to fully stabilize its economy by 2028, s... Read More