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Economy

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 Parliament Resumes: Tax Amendment Bill and Economic Review Top Agenda
Image Source : newsfirst.lk

Sri Lanka Parliament Resumes: Tax Amendment Bill and Economic Review Top Agenda.

May 19, 2026 at 2:25 AM
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Local News
Sri Lanka’s Inland Revenue Amendment Bill: Supreme Court Ruling Prompts Possible Legislative Adjustments
Image Source : ft.lk

Sri Lanka’s Inland Revenue Amendment Bill: Supreme Court Ruling Prompts Possible Legislative Adjustments.

May 18, 2026 at 4:00 AM
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Local News

New Financial Hurdles and Import Surcharges Emerge for Sri Lankan Government.

The Sri Lankan government is facing scrutiny following a faulty transaction involving SriLankan Airlines and the announcement of a new 50% surcharge on imported vehicle customs duties.

May 16, 2026 at 7:12 AM
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Unlocking Prosperity: Why India Is Essential for Sri Lanka’s Export Future
Image Source : cpalanka.org
Economy•
May 15, 2026 at 8:41 AM

Unlocking Prosperity: Why India Is Essential for Sri Lanka’s Export Future.

As global trade dynamics shift and traditional markets like the US and EU face new barriers, Sri Lanka must urgently pivot toward its neighbor, India, leveraging the proximity and favorable trade agreements to secure economic growth.

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Economy

Modeling Sri Lanka’s Economic Future: Lessons from the UAE’s Financial Framework.

May 13, 2026 at 5:16 AM

This article explores how Sri Lanka could enhance its economic stability and investor appeal by adopting key strategies used by the UAE, such as tax clarity, capital mobility, and the establishment of independent offshore financial zones like the Colombo Port City.

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Local News

Sri Lanka Weekly News Update: Tariff Hikes, Legal Summons, and Agricultural Progress.

A roundup of key developments in Sri Lanka, including an 18% electricity tariff hike for high consumers, the summoning of former President Mahinda Rajapaksa, and government assurances regarding fertilizer availability.

May 11, 2026 at 10:11 AM
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Local News
Sri Lanka Hikes Import Levy on Maize to Rs. 50 per Kilogram
Image Source : vajiramandravi.com

Sri Lanka Hikes Import Levy on Maize to Rs. 50 per Kilogram.

May 6, 2026 at 6:38 AM
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Economy
Sri Lanka Financial Update: Rupee Fluctuations and Customs Revenue Surge
Image Source : srilankabiz.lk

Sri Lanka Financial Update: Rupee Fluctuations and Customs Revenue Surge.

May 5, 2026 at 12:21 PM
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Local News•
May 5, 2026 at 10:43 AM

Sri Lanka Customs Revenue Surges in Early 2026, Outperforming Targets.

Sri Lanka Customs has reported a strong financial performance for early 2026, exceeding its April revenue target by 30.5% and achieving a 49.8% year-on-year growth during the first four months.

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Local News

Alcohol Production and Consumption Patterns Show Significant Growth in Sri Lanka.

May 4, 2026 at 1:02 PM

Recent data reveals a sharp increase in alcohol production and consumption across Sri Lanka, attributed largely to stagnant pricing and rising purchasing power throughout 2025.

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Alcohol Production and Consumption Patterns Show Significant Growth in Sri Lanka
Image Credit : gagana.lk
Local News
Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update
Image Source : ft.lk

Sri Lanka Consolidates Financial Sector Levies: Clarifying the 20.5% VAT Update.

May 4, 2026 at 9:28 AM
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Local News
Sri Lanka’s Economic Resilience Tested as Frequent Fuel Hikes Trigger Cost-of-Living Crisis
Image Source : m.economictimes.com

Sri Lanka’s Economic Resilience Tested as Frequent Fuel Hikes Trigger Cost-of-Living Crisis.

May 4, 2026 at 5:43 AM
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Local News
Sri Lanka Sets Roadmap to Abolish CESS Levies by 2029
Image Source : sundaytimes.lk

Sri Lanka Sets Roadmap to Abolish CESS Levies by 2029.

May 2, 2026 at 7:41 PM
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Sri Lanka Financial Markets Update: Customs Revenue Surge and Mixed Trading Trends
Image Source : srilankabiz.lk
Local News•
April 29, 2026 at 12:10 PM

Sri Lanka Financial Markets Update: Customs Revenue Surge and Mixed Trading Trends.

Sri Lanka's rupee sees slight depreciation as bond yields remain mostly stable. Meanwhile, Sri Lanka Customs achieves monthly revenue targets early for the fourth consecutive month, bolstered by improved import volumes and enforcement.

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Local News

Sri Lanka’s New Fiscal Landscape: A Transformation in Public Financial Management.

April 23, 2026 at 8:34 PM

Sri Lanka has initiated a major shift in fiscal governance through the enactment of the Public Financial Management Act and the Public Debt Management Act of 2024, focusing on transparency and rule-based accountability.

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Sri Lanka’s New Fiscal Landscape: A Transformation in Public Financial Management
Image Credit : nz.news.yahoo.com
Local News
Sri Lanka Customs Exceeds Revenue Targets Amid Regional Logistics Shift
Image Source : vajiramandravi.com

Sri Lanka Customs Exceeds Revenue Targets Amid Regional Logistics Shift.

April 19, 2026 at 7:56 AM
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Economy
Navigating Sri Lanka's Economic Recovery: Beyond Taxation and Import Controls
Image Source : lankanewsweb.net

Navigating Sri Lanka's Economic Recovery: Beyond Taxation and Import Controls.

April 18, 2026 at 10:23 PM
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Local News
US Embassy Urges Sri Lankan Travelers to Ensure Financial Self-Sufficiency
Image Source : businessinsider.com

US Embassy Urges Sri Lankan Travelers to Ensure Financial Self-Sufficiency.

April 16, 2026 at 4:00 AM
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Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026
Image Source : onlanka.com
Local News•
April 10, 2026 at 8:07 AM

Sri Lanka’s Inland Revenue Department Achieves Record-Breaking Tax Collection in Q1 2026.

The Inland Revenue Department of Sri Lanka has posted a robust start to 2026, collecting over Rs. 606 billion in tax revenue, a 17.7% year-on-year increase, signaling strong economic momentum and improved compliance.

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