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Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure.

May 19, 2026 at 4:22 AM

Central Bank Governor Dr. Nandalal Weerasinghe has warned that Sri Lanka's vehicle import costs could hit $2.4 billion by the end of 2026, driven by a $600 million expenditure in the first quarter alone.

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Sri Lanka’s Vehicle Import Surge: Central Bank Highlights Potential $2.4 Billion Annual Expenditure
Image Credit : newswire.lk
Local News
Sri Lanka Imposes 50% Duty Surcharge on Vehicle Imports to Protect Forex Reserves
Image Source : cnbc.com

Sri Lanka Imposes 50% Duty Surcharge on Vehicle Imports to Protect Forex Reserves.

May 18, 2026 at 12:00 AM
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United States
Data Reveals Trump’s Tariffs Failed to Spark a Domestic Manufacturing Resurgence
Image Source : benzinga.com

Data Reveals Trump’s Tariffs Failed to Spark a Domestic Manufacturing Resurgence.

April 29, 2026 at 3:48 PM
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Local News

Local Manufacturers Sound Alarm Over Proposed Cess Tax Phase-Out.

Industry leaders in Sri Lanka are urging the government to reconsider its plan to phase out the Cess tax on over 2,600 imports, warning that local small and medium enterprises lack the economies of scale to compete globally without this protection.

April 6, 2026 at 4:47 AM
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Navigating Tariff Overpayments: A Guide to Securing Refunds on Imported Goods
Image Source : claconnect.com
Business•
April 2, 2026 at 12:59 PM

Navigating Tariff Overpayments: A Guide to Securing Refunds on Imported Goods.

This guide explains the complex process of recovering overpaid import tariffs, highlighting the necessity of accurate classification and the role of customs brokers in navigating 180-day protest windows.

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Business

Sri Lanka Sees Vehicle Import Volumes Tempering Following Post-Ban Boom.

April 1, 2026 at 3:52 AM

Vehicle imports in Sri Lanka have recorded a consecutive monthly decline in early 2026 as the market stabilizes following the lifting of the long-term import ban.

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Sri Lanka Sees Vehicle Import Volumes Tempering Following Post-Ban Boom
Image Credit : lankasara.com