The International Monetary Fund (IMF) yesterday urged Sri Lanka to stay focused on completing the ongoing Extended Fund Facility (EFF) program, which has two reviews still to run. The comments come amid persistent debate

US Ambassador Eric Meyer yesterday identified policy and regulatory unpredictability as the single greatest deterrent to foreign investment in Sri Lanka, urging the country to strengthen transparency, intellectual proper

By Devan Daniel Businesses should not bank on tax cuts in the 2027 Budget, the Treasury has signalled. The Government is instead relying on reforms, digitised tax administration and a World Bank-backed strategy targeting

President Anura Kumara Dissanayake yesterday pledged stronger safeguards for investors and greater private-sector participation in infrastructure and economic development.

Discussions are under way on Sri Lanka’s options after its current IMF program, which is on track to conclude successfully in March 2027, Finance and Planning Deputy Minister Dr. Anil Jayantha Fernando told Parliament. “

By Nisthar Cassim Encouraged by the resilience and rebound, as well as the growing acceptance of its expertise, global giant Boston Consulting Group (BCG) is keen to help businesses grow, thereby contributing to nation-b

Sri Lankan brands face a tougher fight for customers both from local rivals and from abroad, with a new study showing that brand loyalty is eroding across key categories as digital channels widen consumer choice, even as

The World Bank yesterday upgraded its outlook for Sri Lanka, raising its 2026 growth forecast to 4.4% from 3.6% in April, but warned that the recovery remains uneven, with poverty above pre-crisis levels and real wages s

The Government’s Budget returned to surplus in August, posting a cumulative surplus of Rs. 35.4 billion for the first eight months of 2026, after deficits in June and July had pushed the balance into the red, the Finance

The Free Trade Zone Manufacturers’ Association (FTZMA) yesterday urged the Government to offer non-resident shareholders a tax credit equal to the 15% dividend tax if they reinvest profits in Sri Lanka. The proposal was