Business

The Cabinet of Ministers has granted approval to import a capacity equal to 200 million coconuts of coconut kernel-related products and dried coconut pieces with coconut (non–copra) husks for manufacturing coconut oil adhering to the guidelines.

Accordingly, a programme has been planned to issue 4,000 passports per day by facilitating the operations of the Department of Emigration and Immigration throughout the 24 hours

New vehicles will arrive in the country within the next two or three weeks. After their arrival, the existing second-hand market in the country is expected to decline by 10 to 15 percent, President of the Vehicle Importers’ Association of Sri Lanka, Prasad Manage said.

Sri Lanka’s public transport sector is to be modernised with the introduction of 1,000 new buses including low-floor and super luxury buses to the fleet of Sri Lanka Transport Board (SLTB), Deputy Minister of Transport Dr. Prasanna Gunasena said.

The Sri Lankan government has published Gazette Notification No. 2421/41, signed by President Anura Kumara Dissanayake in his capacity as the Minister of Finance, Planning, and Economic Development, specifying the new luxury tax rates on private motor vehicles imported into the country effective from today (February 1, 2025).

The Sri Lankan government has officially lifted the temporary suspension on vehicle imports, which had been in effect since early 2020, through Gazette Extraordinary Notification No. 2421/44, dated January 31, 2025.

The government is making a fresh approach to revive the loss-making state institutions, which includes shutting down unviable entities, listing selected institutions on the Stock Exchange (CSE), merging certain organizations, and redefining operational mandates.

The Criminal Investigation Department (CID) arrested a former Managing Director of the Ceylon Petroleum Corporation (CPC) in connection with the alleged misuse of Rs. 6.1 million

The gem businessman who had been facing political threats over a special blue sapphire valued at over USD 400 million was summoned to the Presidential Secretariat for inquiries last morning.

Sri Lanka Customs, with the full cooperation of joint trade unions, launched a four-day expedited container clearance process today (30) , aiming to clear the backlog of containers at examination yards by February 02, 2025