Business

A lack of financial literacy is the primary reason many Sri Lankans fall victim to pyramid schemes, says the Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe.

Sri Lanka’s tea exports fell in February, with volumes down 1.91 million kilograms year-on-year (YoY) to 20.40 million kilograms, industry data showed.

The Central Bank of Sri Lanka has determined that Pro Care (Pvt) Ltd. and Shade of Procare (Pvt) Ltd. are engaged in a scheme prohibited under Section 83(C) of the Banking Act, No. 30 of 1988, as amended

Britain’s Heathrow Airport was closed for the day Friday after a fire knocked out its power, disrupting flights for hundreds of thousands of passengers at Europe’s busiest travel hub.

Sri Lankan Airlines has cancelled several flights to London scheduled to depart Colombo today, due to the temporary closure of Heathrow Airport in London following a large fire at a nearby electrical substation.

The inland Revenue (Amendment) Bill which makes provisions for levying a 15 percent tax on IT service exports was passed in Parliament without a vote.

In a momentous event for Sri Lanka’s automotive landscape, the first shipment of BYD’s cutting-edge new energy vehicles (NEVs) has arrived at the Hambantota Port.

The Hambantota International Port (HIP) successfully discharged the second batch of vehicles for the domestic market last week.

Hambantota International Port (HIP) has successfully discharged its second batch of vehicles for the domestic market last week, continuing to strengthen its role as a key hub for automotive shipments.

A Gazette Extraordinary has been issued amending multiple import and export regulations, including a key change allowing Bureau Veritas inspection certificates for vehicles imported from all countries.