The Joint Apparel Association Forum (JAAF) has called on the Sri Lankan government to urgently address the challenges surrounding the issuance of short-term business visas, which have been suspended since August 2, 2024. JAAF highlighted that foreign business visitors—including buyers, machinery suppliers, and technical service providers—are encountering significant obstacles when attempting to enter Sri Lanka
The Finance Ministry has announced a reduction in the cess levy on imported cement by Rs. 1 per kilogram, effective from 6 September 2024. This adjustment was made under the authority of Ranil Wickremesinghe, Minister of Investment Promotion, and with the agreement of the Minister of Finance, Economic Stabilisation, and National Policies. This decision revises
In a bid to empower small and medium scale enterprises (SMEs) and enhance their participation in the global export arena, People’s Bank and the Sri Lanka Export Development Board (EDB) have forged a strategic alliance. Under this partnership, People’s Bank will extend financial advisory services, funding facilities, and trade finance options to exporters. EDB, tasked