Local industry News

The Vanishing Mom-and-Pop: How Consolidation is Reshaping the U.S. Automotive Retail Industry.

Small, family-owned car dealerships are increasingly being acquired by large retail conglomerates as the automotive industry shifts toward greater consolidation, technological advancement, and higher capital requirements.

Government Sets Sights on Expanding Domestic Procurement for Local Industries.

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.