Economy

One of the world’s largest accounting bodies convened with Sri Lankan government officials today, strengthening the organisation’s expansion plans in the country. CPA Australia Chief Executive Officer Andrew Hunter visited Colombo from 2…

The country’s tourism sector continues to bounce back as July 2023 recorded the highest monthly arrivals of tourists this year with a total of 143,039, according to figures published by the Sri Lanka Tourism Development Authority (SLTDA).…

Sri Lanka's Minister of Transport Bandula Gunawardena said that the development of electric vehicles in the island nation was held back in the past due to their high retail cost and low acceptance by customers most significantly as there…

A risky trade in sanctioned crude oil is taking place off the coast of Johor.

A parade of locally assembled vehicles A 'National Vehicle Parade' was held today with more than 150 locally assembled vehicles inline with the Industry 2023 - National Industry Exhibition. The parade was jointly organized by the Ministry…

Emirates has announced the appointment of Rashid Al Ardha as the new Manager for Sri Lanka and Maldives, with effect from 1 August. Rashid will take on the role previously held by Chandana de Silva, who will assume new responsibilities as…

The Joint Apparel Association Forum (JAAF) expressed its deep concern and disappointment regarding the recent decision to end the long and well-functioning Simplified Value Added Tax (SVAT) scheme.

Nio said on Monday it would lower prices for all its models and end free battery swapping services to new buyers, as the Chinese electric vehicle maker faces mounting pressure over earnings losses and lukewarm sales. Nio will cut prices by…