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Monday June 3rd, 2024
Trade

Sri Lanka April 2022 exports hit record high amid forex shortages

Forex shortage disrupt energy supplies to industries

May 23, 2022 2 min read

Sri Lanka food importers seek exemption from open account trade ban

Delays in banks releasing dollars could spoil food

May 23, 2022 2 min read

Sri Lanka non-oil imports down in March 2022 as soft-peg collapses

Non-oil imports fell 17.7 percent to 1,299.1 million US dollars in March 2022

May 21, 2022 3 min read

Sri Lanka food shortfalls, high prices feared after open account, DA/DP ban

Food suppliers have been willing to extend credit to local importers due to strong relationships spanning generations

May 20, 2022 2 min read
Sri Lanka cannot progress with import restrictions: Minister

"There cannot be another economic crisis from removing restrictions. A country cannot go on with import controls.”

Sri Lanka gets more remittances from Maldives than Australia

Middle Eastern states with currency board like arrangements and liberal work visas were top sources of remittances

Sri Lanka plans price controls on face masks as virus fears drive demand

Sri Lanka's drug regulatory agency will put price controls on face masks, a top official said as pharmacies ran out supp...

Mahadiya Hamza
January 29, 2020 2 min read

Sri Lanka scrambles to boost mask output as pharmacies run dry

Sri Lanka has asked domestic producers to boost the output of masks officials said as pharmacies ran dry after health au...

January 28, 2020 2 min read

Sri Lanka's Customs says no notice on return of plastic waste from Malaysia

Sri Lanka has not received notice from Malaysian authorities about plastic waste being sent back to the island, a top Cu...

January 21, 2020 2 min read

Sri Lanka exports flat in November, imports down

Sri Lanka has exported 979 million dollars of goods in September 2019, unchanged from last year, earned 332 million US d...

January 17, 2020 1 min read

Sri Lanka targets US$700mn in trade with Russia

Sri Lanka is aiming to increase bilateral trade with Russia by 700 million US dollars, and continue policies set by the ...

January 14, 2020 2 min read

China-bound scorpions seized in Sri Lankan airport sting

Sri Lanka's customs on Monday arrested and fined a Chinese man accused of trying to take 200 venomous scorpions out of t...

January 14, 2020 1 min read

Sri Lanka apparel exports up 2.8-pct in Nov with investments in production

Sri Lanka's apparel exports grew 2.8 percent to 459 million US dollars from a year earlier in November 2019 due to an in...

Mahadiya Hamza
January 13, 2020 2 min read

Maize 'mafia' squeezes Sri Lanka poultry farmers with import bans, duties

A 'mafia' or oligarchy of maize collectors who have been pushing the government to restrict trade in the grain have bee...

January 13, 2020 4 min read

Sri Lanka partly clears importer arrears to ease fertilizer shortage

Sri Lanka has paid some of the debt owed to importers for fertilizer subsidies in a bid to bring in more supplies and ea...

January 11, 2020 1 min read

Sri Lanka bans legal import of ethanol to protect domestic producers

Sri Lanka has banned the legal import of ethanol, the main input of 'gal' style arrack, the finance ministry said to pro...

January 1, 2020 1 min read
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Sri Lanka cuts protectionist tax on potatoes as food prices rise

Sri Lanka has cut a protectionist tax of 50 rupees a kilogram on imported potatoes, slapped to boost profit of the farmi...

December 26, 2019 1 min read
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Sri Lanka vehicle registrations hits 6-year low amid elections, peg collapse

Sri Lanka's vehicle registrations fell to 24,472 units in November 2019, the lowest since the June 2013 amid a collapsed...

December 25, 2019 2 min read

Sri Lanka to control sale of raw minerals to foreigners, bulk tea exports

Sri Lanka is to control the exports of mineral in raw form to foreign buyers in raw form and discourage exports of bulk ...

December 17, 2019 3 min read
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Sri Lanka suspends state-sponsored oligopoly in wheat flour

Sri Lanka's new administration has suspended a state-sponsored oligopoly in wheat flour created by differential taxes th...

December 16, 2019 2 min read

Lanka Tiles partners China firm to export tiles to the US amid trade war

Lanka Tiles Plc, a Sri Lankan ceramics firm, said it has entered into a joint venture with China's Foshan Shiwan Yulong ...

December 16, 2019 2 min read

Sri Lanka exports down 0.2-pct in Oct, state workers import cars

Sri Lanka's exports fell 0.2 percent to 977 million dollars in October 2019 from a year earlier mainly due to falling co...

December 14, 2019 2 min read
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Majority of Sri Lankans against protectionist taxes: survey

Advocata, a Colombo-based think tank, said 57 percent of Sri Lankans are against paying a higher price for food and 76 p...

December 13, 2019 2 min read

Sri Lanka halts import of spices, vesak lanterns, joss sticks

Sri Lanka has issued regulations controlling the imports of spices, vesak lanterns and joss-sticks from midnight last ni...

December 6, 2019 1 min read

Easter attacks, lower US apparel demand hits Sri Lanka's exports in Sept

Sri Lanka's exports fell 9.8 percent from a year earlier to 952.1 million US dollars in September due to a fall in appar...

November 18, 2019 2 min read

Sri Lanka Sept trade gap widens to US$758mn, apparel, tea exports fall

Sri Lanka's trade deficit widened in September 2019 to 758 million U.S. dollars from 713 million dollars a year ago with...

November 15, 2019 2 min read
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