Sri Lanka’s cumulative deficit in the trade account has widened to USD 6 billion in 2024 compared to USD 4.9 billion in 2023.

President Anura Kumara Dissanayake has issued a gazette dated January 24 which ended the ban on vehicle imports imposed in ...

Sri Lanka will end its four-year ban on car and vehicle imports with effect from February 1, allowing motor traders to once again import vehicles. This decision of vehicle import ban follows the ...

Cash-strapped Sri Lanka has officially lifted the ban on the vehicle import which was put in place in 2020 to ease the pressure on foreign exchange reserves due to the COVID-19 pandemic, authorities ...

Sri Lanka has lifted the ban on vehicle imports imposed in 2020 due to the COVID-19 pandemic. The ban was lifted as the country's economy has improved following an IMF bailout.

The 2024 remittances also surpassed the US$3.169 billion earnings from tourism and also exceeded US$5.06 billion in export proceeds from textiles and garments. This is not a net gain. The garments ...

Sri Lanka announced the lifting of a five-year ban on vehicle imports Tuesday as the country showed further signs of emerging from its worst economic meltdown.

Two Sri Lanka legislators warned on targeting potential output despite macroeconomists having succeeded in inserting the ...

The Ministry of Finance is set to present the criteria for importing motor vehicles into the country in the coming days.

Two Sri Lanka legislators warned on targeting potential output despite macroeconomists having succeeded in inserting the clause into an International Monetary Fund backed law given the experience with ...

There is widespread misconception among the public that currency depreciation is often associated with poor economic performance although the data showed otherwise and thus it should be very careful ...

Governor Dr. Nandalal Weerasinghe yesterday sought to dispel misconceptions about the relationship between currency movements and overall economic stability, stressing that the strength or weakness of ...