An Echelon Media Company
Monday June 3rd, 2024
Trade

Sri Lanka foreign exchange earnings exceed imports by $542mn in April

Exports, tourism, remittances and net services were US$2,014 million in April 2024, compared to $1435mn for imports

June 1, 2024 4 min read

Sri Lanka businesses aim to strengthen links with IORA partners

IORA business conclave organized by the Ceylon Chamber of Commerce discusses collaboration between member states

May 30, 2024 2 min read

Iraq official invites Sri Lanka investors to do business in Bagdad, Kurdistan

Through direct shipping facilities, Sri Lanka can enjoy benefits of fast and convenient trade facilitation to Europe, ME

May 29, 2024 1 min read

Sri Lanka rubber sector collapse to worsen with wage hike order: official

"Just because our cost of production may rise, we cannot raise our sale prices, because we are not price makers"

May 29, 2024 2 min read
Sri Lanka EDB, collaborators to pick 10 pioneering brands for capacity building

10 pioneering Sri Lankan brands will be selected to showcase nation's dedication to sustainability, ethical practices

Sri Lanka agriculture minister asks for potato import tax as people skip meals

"The prices are up because or production costs are high. That's why we can't compete with imports."

Sri Lanka goods exports down 4.1-pct in April, services up 19-pct

Sri Lanka's merchandise exports fell 4.1 percent from a year ago to 813.81 million dollars in April 2024,

May 21, 2024 1 min read

Michelin delegation reviews Sri Lanka rubber de-forestation compliance

EU's Regulation on Deforestation Free Products (EUDR) seeks to guarantee products do not contribute to deforestation

May 20, 2024 2 min read

Sri Lanka's EDB and Peoples' Bank tie up to offer exporters finance, knowledge

People’s Bank to offer financial advisory services, funding facilities, and trade finance options to exporters with ED...

May 14, 2024 1 min read

Sri Lanka to fill vacancies in its Office on Missing Persons

Sri Lanka's Parliament has called for applications to fill vacancies in its Office on Missing Persons (OMP).

May 6, 2024 2 min read

Sri Lanka apparel exporters ask for forex conversion rule to end

Immediate removal of the mandatory conversion of export proceeds is urgently required.

May 6, 2024 11 min read

Sri Lanka key services help inflows outpace imports by $514mn in March

The services account surplus was $431mn, higher than the reported trade deficit.

May 2, 2024 2 min read

Sri Lanka’s car market set to coast downhill

Brand new vans advertised for around half the price of asking price of some second hand ones

April 28, 2024 2 min read

Sri Lanka worker migration, passport issues, begin to decline

Total departures for all purposes see a recovery

April 25, 2024 3 min read

Sri Lanka state oligopoly allowed to import some black gram

STC, Food Promotion Board and Hadabima Authority allowed to import some black gram

April 23, 2024 1 min read

Sri Lanka, Kyrgyz Republic to expand economic cooperation

Foreign Office consultations between Sri Lanka and Kyrgyz Republic held in Bishkek

April 16, 2024 1 min read
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India allows Sri Lanka to import 10,000MT of onions

National Co-operative Exports Limited will ship the onions

April 15, 2024 1 min read

BIMSTEC Secretary General visits Sri Lanka, discusses regional cooperation

Met with senior officials to discuss measures to enhance regional cooperation under various BIMSTEC initiatives

April 15, 2024 1 min read

No rice imports permitted in Sri Lanka, says State FinMin

The government reduced import tax on rice by 65 rupees for 19 days in January to encourage imports

April 15, 2024 2 min read

Sri Lanka services surplus exceeds trade deficit in Feb 2024: analysis

The trade deficit is triggered when people spend income from tourism, BPO services and worker remittances

April 10, 2024 4 min read

Sri Lanka to publish 'indicative prices' for essential goods as rupee strengthens

If the rupee strengthens, price can fall further

April 9, 2024 3 min read

Singapore inspects Sri Lanka poultry, seafood, rice processors ahead of exports

For Sri Lanka to export poultry products to Singapore, it is imperative for country to meet stringent requirements

April 8, 2024 1 min read

Sri Lanka begins implementing Singapore free trade deal

20-pct of imports to be taxed to give profits to special interests

April 8, 2024 3 min read

Sri Lanka to allow import of 750 vans and 250 buses for tourism

Vans with 6–15 seating capacity, 250 buses with 6–30 and 30–45 seating capacity with no tax concessions

April 2, 2024 1 min read

Sri Lanka awaiting RCEP admission mechanism

RCEP membership allows for more flexible rules of origin

March 31, 2024 1 min read

Sri Lanka seasonal food protectionist tax to replace SCL from Jan 01

There will be an import duty and a seasonal duty.

March 30, 2024 2 min read
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