Colombo, August 4, 2025 Sri Lanka’s tourism sector has demonstrated a commendable recovery in the first half of 2025, generating approximately USD 3.7 billion in foreign exchange earnings. This performance reflects a resurgence in international travel to the island nation, supported by government initiatives and renewed traveler confidence following a period of global and domestic […]
Colombo, July 29, 2025 Sri Lanka Customs has detained nearly 1,000 Chinese-made BYD Atto 3 electric vehicles across six consignments amid a dispute over the declared motor capacity. The vehicles were documented as having a 100 kilowatt (kW) motor, attracting an excise duty of around Rs. 2.4 million per unit. However, Customs suspects the actual […]
Colombo, July 29, 2025 In a significant development for Sri Lanka’s financial landscape, official data reveals that resident investors in the country have begun purchasing restructured International Sovereign Bonds (ISBs) from foreign holders during the first quarter of 2025. This marks a notable shift in bond ownership following the government’s major debt restructuring program concluded […]
