Read the latest news from regional and global sources, presenting different voices and perspectives.
Sri Lanka probing financial companies started as ‘Co-operative Banks’: Minister
EconomyNext
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July 8, 2025
ECONOMYNEXT – Sri Lanka’s Central Bank will launch a week long awareness programme against pyramid schemes from July 14-18 amid scrupulous people and firms continuing such scams despite actions by the Central Bank. Officials at the Central Bank...
Sri Lanka Central Bank opts for anti-pyramid scam week
EconomyNext
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July 8, 2025
ECONOMYNEXT – Sri Lanka’s Central Bank will launch a week long awareness programme against pyramid schemes from July 14-18 amid scrupulous people and firms continuing such scams despite actions by the Central Bank. Officials at the Central Bank...
Sri Lanka should de-minimis AliExpress-style sales, vendor-collect tax big orders: Advocata
EconomyNext
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July 8, 2025
ECONOMYNEXT – Sri Lanka should exempt small parcels (de minimis) from import duties and collect taxes for bigger orders sent from platforms like AliExpress in line with international practice, Advocata Institute, a Colombo-based think tank said,...
Sri Lanka should use de-minimis, vendor-collected taxes for bigger online orders: Advocata
EconomyNext
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July 8, 2025
ECONOMYNEXT – Sri Lanka should use small parcel exemptions (de minimis) for smaller online orders and collect taxes for bigger orders through online platforms in line with international practice, Advocata Institute, a Colombo-based think tank...
Sri Lanka gross forex reserves drop in June amid rate cut warnings
EconomyNext
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July 8, 2025
ECONOMYNEXT – Sri Lanka should use small parcel exemptions (de minimis) for smaller online orders and collect taxes for bigger orders through online platforms in line with international practice, Advocata Institute, a Colombo-based think tank...
Sri Lanka vs Bangladesh 2025 ODI series: Pallekele International Cricket Stadium pitch history and ODI records
Sportskeeda
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July 8, 2025
Pallekele International Cricket Stadium will host the final match of the Sri Lanka vs Bangladesh ODI series on July 8. The series stands equal at 1-1 after both teams won a match each in Colombo. Sri Lanka won the first ODI at the R Premadasa...
Sri Lankan banking leaders join AIA Bancassurance Summit 2025 in Beijing to shape Asia’s financial future
The Island
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July 7, 2025
With over two decades of presence in Sri Lanka, Lenovo is ramping up its regional presence and bringing a new wave of innovation powered by artificial intelligence (AI). At a recent regional partner gathering in Colombo, Lenovo introduced its...
Tourism Goals in Doubt as Sri Lanka Faces Tough Road Ahead
Lanka News Web
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July 8, 2025
By: Staff Writer July 08, Colombo (LNW): Sri Lanka’s Tourism Recovery Slows Amidst Ambitious Targets and Limited Promotion. Sri Lanka’s tourism sector, once a key pillar of the economy, is showing signs of recovery in 2025 under the current...
The awards programme showcased industry leaders reshaping the future of insurance in Asia Pacific.
Insurance Asia
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July 9, 2025
The awards programme showcased industry leaders reshaping the future of insurance in Asia Pacific. Marking a decade of industry excellence, the 10th Insurance Asia Awards took centre stage as it celebrated the region’s finest insurers, recognising...
Ad hoc policy shifts and renewable energy development
Daily FT
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Two weeks ago, the Federation of Renewable Energy Developers (FRED) at a press conference expressed its strong disapproval of the Government’s decision to reduce feed-in tariffs for renewable energy projects, pointing out that ad hoc policy...
Sri Lankan equities are an Asian frontier market money gusher!
Arabian Post
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July 7, 2025
Matein Khalid Sri Lanka is one of the most fascinating and drop-dead gorgeous countries I have ever visited, the island once known as Serendip by ancient Umayyad Arab sailors/ruby merchants and Ceylon by the colonial Dutch and British who once...
Local industries demand for overhaul of e-commerce rules
Daily FT
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Courier Express Parcel Association of Sri Lanka Vice President Sanjay Samarasinghe / Sri Lanka Apparel Brands Association Immediate Past President Yasotharan Paramanantham -Pix by Ruwan Walpola CEPAC Vice President Sanjay Samarasinghe praises Sri...
Sri Lanka rupee opens stronger, bond yields steady
EconomyNext
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July 7, 2025
ECONOMYNEXT – Sri Lanka’s Gem & Jewellery Authority hopes for higher revenue from tourists buying precious stones and metals from the island nation after the Inland Revenue Department (IRD) resumed Value Added Tax (VAT) refunding last week. The...
Sri Lanka to impose 18% VAT on foreign digital services from
The Morning
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July 7, 2025
The Government will enforce an 18% Value Added Tax (VAT) on digital services offered by non-resident companies to local consumers, starting 1 October, 2025. This follows the enactment of the VAT (Amendment) Act No. 4 of 2025 and Gazette...
CLFMA of India–Sri Lanka Livestock Meet Marks a New Chapter in Bilateral Cooperation
Krishi Jagran
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July 7, 2025
India–Sri Lanka Livestock Meet featured interactive sessions and networking that laid the groundwork for joint R&D, capacity building, and long-term trade cooperation. (Photo Credit: CLFMA) In a significant step toward strengthening regional...
Sri Lankan man arrested on fraud charges in visa-buying network
The Asahi Shimbun
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A 44-year-old Sri Lankan man was arrested on July 7 on suspicion of helping fellow Sri Lankans illegally obtain residency by submitting false corporate documents to immigration authorities. According to police, Mohamed Irfan used a fake car...
Why investors are reluctant to come to Sri Lanka despite incredible potential
Daily FT
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To become a true investment hub, Sri Lanka must act quickly to restore institutional credibility, revive key sectors like construction, and signal long-term investment stability In recent months, a striking pattern has emerged at regional investor...
India-Sri Lanka livestock meet eyes joint R&D, trade co-operation
The Hindu Business Line
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July 7, 2025
Divya Kumar Gulati, Chairman, CLFMA of India addressing the India-Sri Lanka Livestock meet in Colombo recently In a move aimed at strengthening regional cooperation in the livestock and poultry sectors, the CLFMA of India in association with the...
Tamil Nadu CM inaugurates 700 new housing units for Sri Lankan Tamils
Colombo Gazette
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July 7, 2025
Chief Minister MK Stalin on Monday inaugurated 729 newly built houses, constructed at a cost of Rs 38.76 crore, in Sri Lankan Tamils’ rehabilitation camps across five districts of the state, via video conference from the Secretariat. Minister for...
Campus Activewear partners with Signature menswear to enter the Sri Lankan market
Apparel Resources
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July 7, 2025
Image Courtesy: Campus Activewear Footwear brand, Campus Activewear has expanded its base by foraying into the Sri Lankan market. The brand made inroads with a Signature menswear partnership – the menswear brand that operates under Sri Lanka’s...