Business

Sri Lanka’s Growth Slows to 3.5% in 2025 Amid Crisis Impact and Structural Challenges

Crisis Impact Dampens Sri Lanka’s Economic Recovery Sri Lanka’s economic recovery is set to slow significantly in 2025, with growth projected to decelerate.

  • June 13, 2025
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Trade Relations

Russia-Sri Lanka Forum Explores New Trade and Banking Opportunities

The National Chamber of Commerce of Sri Lanka recently hosted a roundtable discussion to explore ways to boost trade, commerce, and banking ties.

  • April 4, 2025
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Entrepreneurship

WCIC and CSE Mark 40 Years of Empowering Women Entrepreneurs

The Women’s Chamber of Industry and Commerce (WCIC), in partnership with the Colombo Stock Exchange (CSE), recently celebrated its 40th anniversary by ringing.

  • March 10, 2025
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Government Regulations

SLRA Applauds Government’s VAT Refund Scheme for Tourism

The Sri Lanka Retailers’ Association (SLRA) has welcomed the Government’s approval of a VAT refund program for tourism, a move expected to enhance.

  • January 30, 2025
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Economics

Prime Minister Highlights Apparel Industry’s Key Role in Economic Development

Prime Minister Dr. Harini Amarasuriya emphasized the crucial role of Sri Lanka’s apparel industry in driving economic development, calling it a ‘global leader’.

  • January 28, 2025
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Investments

SL and Sinopec Finalize $3.7 Billion Refinery Deal in Hambantota

Sri Lanka and China’s leading petroleum firm Sinopec have formalized a landmark agreement for a $3.7 billion oil refinery in Hambantota. The deal.

  • January 17, 2025
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Economics

Sri Lanka Signs $3.7 Billion Deal with Sinopec for New Oil Refinery in Hambantota

Sri Lanka has signed a landmark agreement with Sinopec, the Chinese international petroleum corporation, to build a state-of-the-art oil refinery in Hambantota. The.

  • January 16, 2025
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Economics

Workers’ Remittances Surge 10% to $6.5 Billion in 2024; December Hits $614 Million

Workers’ remittances for 2024 rose by 10%, reaching $6.57 billion compared to the previous year, driven by a strong inflow of $614 million.

  • January 15, 2025
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Logistics

Port of Colombo Achieves Record Growth in 2024

The Sri Lanka Ports Authority (SLPA) Terminals reached a historic milestone by handling over 2.4 million Twenty-Foot Equivalent Units (TEUs) as of December.

  • January 8, 2025
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Tourism

Sri Lanka Excels in Tourist Visa Accessibility, Enhancing Global Tourism Appeal

Colombo has strengthened its position as a leading South Asian destination, ranking 33rd globally for “easy to get visa,” thanks to the introduction.

  • January 6, 2025
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