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Sri Lanka tightens rules on import-related outward remittances
A new Gazette effective June 19 requires banks to share transaction-level import data with Customs and forces importers to pre-register for advance payments.
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Kuwait tops Sri Lanka worker remittance rankings in 2025 with US$893mn — SLBFE
Kuwait topped Sri Lanka's worker-remittance rankings in 2025 with US$893mn, SLBFE said, with nearly 80,000 of 300,000 annual departures bound for Kuwait.
Business
Sri Lanka to gazette 20 new tourist zones before November
SLTDA Chairman Buddhika Hewawasam said Sri Lanka will gazette 20 new tourist zones before November as visitor arrivals top one million for 2026.
Business
EU project preps Sri Lanka rubber sector for deforestation regulation
An EU-funded workshop is helping Sri Lanka's rubber industry meet EU Deforestation Regulation requirements, with around 280 stakeholders to be trained.
Business
Sri Lanka Expands Crop Insurance to Cinnamon, Rubber, Tea and Coconut
The Agricultural and Agrarian Insurance Board has expanded coverage to key plantation crops at concessionary rates as El Niño weather risks rise.
Business
Presidential Secretariat reviews 2026 Budget proposals as capex execution falls to 17.4%
Kumanayake chaired a June 17 ministry-level review of 2026 Budget projects as Sri Lanka has spent only Rs.240bn of Rs.1,380bn allocated capex this year.
Business
FitsAir to launch Ahmedabad–Colombo direct flights from June 19
FitsAir will operate three weekly Ahmedabad–Colombo direct flights from June 19, cutting travel time from nine hours with stopovers to about three hours.
Business
Gem City Ratnapura 2026 set for August 31–September 2 with $300M industry push
Deputy Minister Chathuranga Abeysinghe says the August 31–September 2 Ratnapura gem and jewellery show will align with East Asian fairs to draw global buyers.
Business
Oil drops below US$80 on Iran deal optimism and WSJ sanctions-relief report
Brent crude fell 5.1% to US$78.96 Tuesday on Iran deal optimism and a WSJ report that Washington could ease sanctions on Iranian crude exports.
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Sri Lanka to tighten customs and labour rules to avoid 12.5% US tariffs
Sri Lanka will tighten customs screening and adopt ILO Convention C190 to dodge a 12.5% US tariff, Labour Minister Anil Jayantha Fernando told Reuters.
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Sri Lanka tax revenue hits 50% of annual target by June 8 as IRD, Customs and Excise overperform
Sri Lanka tax revenue grew over 50% year-on-year by June 8, hitting half of the Rs.4,910bn annual target with IRD, Customs and Excise all outperforming.
Business
No immediate fuel price cut as Sri Lanka burns through expensive stocks, says Deputy Minister
Deputy Finance Minister Anil Jayantha says fuel prices cannot fall yet as Sri Lanka consumes costly stocks, with the vehicle surcharge cutting dollar outflows.
Business
CBSL warns public against Singhe Capital Investment over unauthorised deposit taking
Central bank ordered Singhe Capital Investment and two named directors to stop accepting deposits via promissory notes and commercial papers.
Business
Lanka Sathosa cuts prices on 9 essentials from Thursday, wheat flour drops Rs. 10/kg
Lanka Sathosa will cut prices on nine essential consumer items from Thursday, with wheat flour reduced by Rs. 10 per kilogram to Rs. 159.
Business
Insolvency Act No. 12 of 2026 comes into force as Speaker certifies bill
Speaker Jagath Wickramaratne has endorsed the certificate on the Rescue, Rehabilitation and Insolvency Bill, bringing Act No. 12 of 2026 into force.
Business
Sri Lanka to introduce unified labour code by end-2026: Labour Minister
Anil Jayantha Fernando says cabinet-appointed committee is drafting a single code merging old acts to support exports and a productivity-first workplace.
Business
Used vehicle prices set to surge after 15% Customs valuation reduction removed: VIASL
The Vehicle Importers' Association says Honda Vezel prices could rise around Rs. 2 million and Wagon R by Rs. 700,000 after the Customs adjustment was removed.
Business
Sri Lanka launches Rs. 15 billion loan-free renovation of BIA Terminal 1
Sri Lanka has launched a Rs. 15 billion loan-free renovation of BIA Terminal 1 to raise its annual capacity from 6 million to 15 million passengers.
Business
Cabinet approves additional US$100M ADB policy-based loan amid Middle East crisis
Cabinet approved a US$100 million supplementary ADB policy-based loan, citing economic strain from the Middle East crisis and climate shocks.
Business
Cabinet approves USD 200M ADB-funded post-Ditwah recovery project for highways, irrigation and housing
Cabinet approved a USD 200 million ADB-funded project for post-Cyclone Ditwah recovery covering highways, irrigation and livelihood and housing grants.
Business
Cabinet approves committee to study merging EPF and ETF under unified tripartite governance
Cabinet approved a senior officials committee to study the feasibility of merging EPF and ETF under a unified tripartite governance framework.
Business
DFCC Bank to complete Standard Chartered Sri Lanka acquisition by July 31
DFCC Bank told the CSE it will close its Rs.3.7bn acquisition of Standard Chartered Sri Lanka's wealth and retail banking business by July 31.
Business
Galle–KKS ferry, film-tourism Act and Southern Mist Corridor proposed at Tourism Task Force
Sri Lanka's tourism task force reviewed three proposals: a Galle–Kankesanthurai ferry, film-tourism legislation, and the Southern Mist Corridor zone.
Business
Sri Lanka launches National Export Development Plan with $36 billion target
President Dissanayake received the National Export Development Plan 2026–2030 at the Presidential Secretariat, targeting US$36 billion in exports by 2030.