The ongoing and planned trade reforms, including the gradual removal of para-tariffs, could improve competitiveness and increase household consumption by around 3.1%, with stronger gains for lower-income households, the World Bank’s April 2026 South Asia Economic Update release on Friday(8) said. The planned import duty cuts would be steepest among the emerging export industries of […]
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A special proposal has been submitted to make Sri Lanka the richest country in the world, based on the gem resources it possesses. The Chairman of the All Ceylon Gem Miners and Dealers Association, Dr. Thilakasiri Vitarana, has submitted this proposal to President Anura Kumara Dissanayake recently. The main point of this proposal is to […]
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Renewed tensions in the Middle East weighed negatively on the Colombo Bourse alongside rising global oil prices. The ASPI declined by 52 points during yesterday’s session, reversing the early gains recorded at the opening and ultimately closing at 23,012, while the S&P SL20 fell by 19 points to settle at 6,300. CINS, JKH, COMB, DFCC […]
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Sri Lanka’s fast-growing fintech sector received another boost after WEBXPAY Ltd appointed corporate leader Nemantha Nilhan Abeysinghe as an Independent Non-Executive Director to its Board. Abeysinghe brings more than 30 years of experience in corporate leadership, finance, strategy and business development, having served in senior positions in both local and international organisations. His appointment is […]
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RTS Holdings has reached a significant milestone in Sri Lanka’s tea industry with its Hidellana and Avissawella Tea Factories being awarded the prestigious Zero Carbon Manufacturing Certification by The Sustainable Future Group, reinforcing its leadership in sustainable tea production. The certification, granted to Avissawella Tea Factory (Private) Limited, and recognizes the factory’s successful transition to […]
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Binance recently announced the Binance Online, a new global virtual event taking place on May 13 at 11am UTC. The event brings together leading voices from across crypto, institutional finance, blockchain infrastructure, and technology for a live digital program streamed globally on Binance Square. Spanning more than four hours of programming, Binance Online will feature […]
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Executive Director of the Centre for Poverty Analysis (CEPA) Prof. Sirimal Abeyratne, stressed the importance of inclusive economic growth and trade-driven development while addressing the International Conference on “Poverty and Development in times of crisis” in Colombo yesterday (08). Addressing the conference, Prof. Abeyratne emphasized that sustainable development depends not only on economic expansion but […]
Continue ReadingSeveral ministries and institutions are to jointly establish a full-power authority to carry out regulatory work related to the revival of failing businesses. One representative each from the Ministries of Finance, Justice and Trade, a representative from the Securities and Exchange Commission of Sri Lanka, a representative each from the Registrar of Companies, the Commissioner […]
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The Maldives currently runs a trade deficit with Sri Lanka of over $166 million. While this reflects the strong presence of Sri Lankan goods in the Maldivian market, it also signals an opportunity to deepen and rebalance the partnership through greater two-way trade, targeted investments and high-impact joint ventures, Mohamed Saeed, Minister of Economic Development […]
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Marking a significant milestone in Sri Lanka’s digital transformation journey, the National QR Payment Adoption Programme was recently launched with the objective of accelerating the country’s transition towards a cash-lite economy. The initiative aims to reduce reliance on physical currency by promoting the widespread use of QR-based digital payments, enabling individuals and businesses to conduct […]
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