Business

Despite Elon Musk’s Starlink, the satellite unit of SpaceX, being granted licence to operate in Sri Lanka, the organization is yet to apply for the import of devices

The All Share Price Index (ASPI) of the Colombo Stock Exchange recorded a new all-time high today (23), surpassing the 15,000 points mark for the first time in history.

With just nine days remaining until the start of 2025, the Government Printing Department has released the official calendar for the upcoming year,

Sri Lanka Customs confirmed that a total of 67,000 metric tons of rice were imported by traders before the private sector’s rice import deadline expired at midnight yesterday (20).

Gold prices in Sri Lanka have seen a notable increase, according to the latest market data from the Colombo Gold Centre.

Fitch Ratings has upgraded Sri Lanka’s Long-Term Foreign-Currency Issuer Default Rating (IDR) to ‘CCC+’ from ‘RD’ (Restricted Default)

The government has decided to further ease certain restrictions imposed on outward remittances for a six month-period until June next year based on recommendation of the Central Bank (CB).

The government has extended the temporary lifting of rice import restrictions, allowing private importers to bring in rice without a license until January 10.

Central Bank (CBSL) yesterday said it has taken proactive measures to address the alarming increase in prohibited schemes under Section 83(C) of the Banking Act No 30 of 1988, as amended

If hybrid vehicle imports are taxed based on their engine capacity, it will satisfy both consumers and the government, while reducing the prices of existing vehicles in the country, President of the Sri Lanka Business Council of Japan Jagath Ramanayake said.