Sri Lanka has implemented 95.8% of its commitments under the World Trade Organisation (WTO) Trade Facilitation Agreement (TFA), placing it ahead of the global implementation average of 87.6%, with the

President Anura Kumara Dissanayake yesterday reviewed an ambitious push to transform four key export industries into major foreign exchange earners, targeting up to $ 6 billion over the coming years.

Sri Lanka’s export sector posted its highest-ever first five months’ performance, with total earnings surpassing $ 7.39 billion and reflecting a 7.56% year-on-year (YoY) growth, despite global headwinds.

The Government yesterday withdrew plans to lower the Value Added Tax (VAT) registration and Social Security Contribution Levy (SSCL) thresholds, sparing thousands of small and medium-sized enterprises from being brought

Three years after pulling back from economic collapse, Sri Lanka is being forced to confront a more difficult question than stabilisation: why has growth underperformed for much of the past two decades despite the

By Charumini de Silva India has signalled its readiness to fast-track an upgrade of the 26-year-old India-Sri Lanka Free Trade Agreement (ISFTA) in a move that could significantly expand Sri Lanka’s export, investment, a

The Government has moved to tighten oversight of outward remittances linked to imports, introducing new regulations that require real-time reporting of import-related foreign currency payments to Sri Lanka Customs and ma

The National System Operator (NSO) expects to end the forced curtailment of renewable energy generation next year as battery energy storage system (BESS) projects are integrated into Sri Lanka’s electricity network, NSO

By Devan Daniel Global and local mineral sands experts, public officials, investors, and industry leaders converged in Colombo yesterday to examine how Sri Lanka can unlock greater value from its mineral resources throug