Sri Lanka Strengthens SME Support with ADB Loan and NCGI Launch
Small and Medium-sized Enterprises (SMEs) are the lifeblood of Sri Lanka’s economy, accounting for over 75% of businesses and contributing more than half.
Policy and Regulation
Discussing government policies, regulations, and legislative changes affecting businesses and the economy, including tax laws, trade agreements, and monetary policy decisions.
Policy and Regulation
Government Regulations
Policy and Regulation
Central Bank of Sri Lanka Cuts Interest Rates to Stimulate Economy
The Central Bank of Sri Lanka (CBSL) took a significant step to boost the economy on March 25th, 2024, by reducing key interest.
- March 26, 2024
Government Regulations
Policy and Regulation
Widening the Tax Net: Sri Lanka Mandates Information Sharing with CGIR
In a move to strengthen tax compliance and administration, the Sri Lankan government has announced a new regulation mandating information sharing with the.
- March 25, 2024
Policy and Regulation
Sri Lanka’s Economy Shows Signs of Recovery, Backed by IMF Support
The International Monetary Fund (IMF) has reported positive signs of economic recovery in Sri Lanka. After a period of contraction, the country’s growth.
- March 22, 2024
Policy and Regulation
Trade Agreements
Boost for Sri Lanka’s Kankesanthurai Port with Indian Grant
Sri Lanka’s Port of Kankesanthurai (KKS) is set for a significant upgrade with a USD 61.5 million grant from the Indian government. This.
- March 20, 2024
Policy and Regulation
Empowering Sri Lankan SMEs: A Public-Private Partnership between Unilever and IDB
Unilever Sri Lanka and the Industrial Development Board (IDB) have joined forces to uplift Micro, Small and Medium Scale Enterprises (MSMEs) in Sri.
- March 19, 2024
Policy and Regulation
Northern Province Receives Boost in Development Aid
The Minister of Fisheries, Douglas Devananda, recently announced a significant development for the Northern Province. India, China, and Japan have pledged a combined.
- March 18, 2024
Policy and Regulation
Enhancing Financial System Stability: The Central Bank of Sri Lanka’s Macroprudential Policy Framework
The Central Bank of Sri Lanka (CBSL) has taken a significant step towards promoting financial system stability through the publication of the Macroprudential.
- March 15, 2024
Government Regulations
Policy and Regulation
Tech
Technological Advancements
Sri Lanka Streamlines Customs Bonded Warehouse Framework
The Sri Lankan Cabinet of Ministers has approved a revised policy framework governing Customs Bonded Warehouses (CBWs). This move aims to modernize the.
- March 6, 2024
Policy and Regulation
Mandatory Income Tax Registration Benefits National Revenue, Says Peradeniya University Professor
Senior Professor Wasantha Athukorale of Peradeniya University’s Economics and Statistics Department asserted that opposition to the mandatory income tax registration for all citizens.
- February 20, 2024