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The U.S. Ambassador to Sri Lanka, Julie Chung, states that the U.S. apparel manufacturing sector is projected to generate USD 365 billion in revenue in 2025 and added that Sri Lanka can benefit from reduced shipping times, lower tariffs, and the ability to respond swiftly to market demands by establishing operations in the United States. MORE..

31 Jan 2025 (11:32 PM)

The Sri Lankan government has published Gazette Notification No. 2421'41, signed by President Anura Kumara Dissanayake in his capacity as the Minister of Finance, Planning, and Economic Development, specifying the new luxury tax rates on private motor vehicles imported into the country effective from today (February 1, 2025). MORE..

1 Feb 2025 (10:00 AM)

The Chairman of the Vehicle Importers Association of Sri Lanka (VIASL), Indika Sampath Merenchige, has highlighted that the main reason for the rise in the price of Japanese vehicles...MORE..

1 Feb 2025 (4:25 PM)