President Anura Kumara Disanayake Yesterday (08) emphasised the critical need to strengthen and digitalise the Inland Revenue Department (IRD) to achieve Sri Lanka’s strategic digital economy objectives by 2030. The President made these remarks during a discussion held this afternoon at the Presidential Secretariat with representatives from the Inland Revenue Department, the Ministry of Digital…
President Anura Kumara Disanayake held a meeting Yesterday afternoon (08) at the Presidential Secretariat with senior officials of the Sri Lanka Customs Department. The discussion focused extensively on identifying solutions to challenges arising from the complexity of customs procedures. Attention was also drawn to the technological solutions implemented thus far as part of the department’s…
Sri Lanka is among the top three summer destinations for travel in July and August, according to the latest booking data of Emirates, the world’s biggest international airline. Emirates reports that Sri Lanka has seen a 32% increase in flight searches as a clear favourite for its rich cultural tapestry, pristine beaches, ‘tea country’ and…
The Colombo Stock Exchange (CSE) is pleased to announce the appointment of Ms. Nilupa Perera as the Chief Regulatory Officer (CRO), effective 9th July 2025 succeeding Mr. Renuke Wijayawardhane, who retires after an outstanding 31-year career at the CSE. Ms. Perera, previously served as Senior Vice President – Broker Supervision and Listed Entity Compliance among…
A high-level delegation from the Federal Parliament of Nepal visited Hambantota International Port (HIP) recently to explore potential business opportunities and gain first-hand insight into the port’s infrastructure, strategic operations, and investment prospects. The visit was part of a broader initiative to strengthen regional cooperation and promote cross-border commercial partnerships. The delegation consisted of Secretary…
No decision has been made to restrict vehicle imports, the Central Bank of Sri Lanka (CBSL) has emphasised. A senior official of the Central Bank stated that, contrary to certain media reports, there has been no exchange of letters or communication between the Central Bank and the Treasury regarding the restriction of vehicle imports. With…
Reuters – U.S. President Donald Trump on Monday began telling trade partners – from powerhouse suppliers like Japan and South Korea to minor players – that sharply higher U.S. tariffs will start August 1, marking a new phase in the trade war he launched earlier this year. The imposition of the 25% levy on U.S. importers of…
No. 15A, Layards Road, Bambalapitiya (Colombo 04), Sri Lanka is the site of the newest high-end residential development by the illustrious Blue Ocean Group. The group’s dedication to reshaping city life via cutting-edge design and expert construction is on full display in this historic project. Blue Ocean Group has built a name for itself as…
Thousands of parcels ordered by Sri Lankans from popular e-commerce platforms like TEMU, AliExpress, and eBay are now stuck at customs, caught in a legal grey zone that’s choking the flow of goods. Advocata Institute warns ensuring consumer choice through a competitive market is key to delivering reasonable prices and better quality for Sri Lankans….
Reuters – The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1. Since taking office, Trump has set off a global trade war that has…
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