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Policy hurdles dim SL's gem and jewellery export brilliance, warns industry chief

Sri Lanka, Oct. 18 -- Sri Lanka's ambition to become a global gem and jewellery hub is being severely hampered by the restrictive policies and bureaucratic red tape, which prevent the industry from me... Read More


Safe-haven rush pushes gold to glittering new peak in SL

Colombo, Oct. 18 -- Gold prices in Sri Lanka surged to an all-time high on Friday, shattering previous records as investors worldwide flock to the precious metal amid growing economic uncertainty. Lo... Read More


Domestic flights with 70-seater aircraft could take off in six months- Peter Hill

Sri Lanka, Oct. 4 -- Sri Lanka could see the launch of a scheduled domestic airline service using 50-70-seater aircraft within the next six months, a move that could solve a long-standing barrier to t... Read More


Police, Customs and Revenue Depts. top corruption lists

Sri Lanka, Sept. 29 -- In a candid and data-driven address, the head of Sri Lanka's anti-corruption watchdog has revealed that the public institutions are perceived as the most corrupt by citizens, wh... Read More


Exporters decry 'huge gamble' with economy

Srilanka, Sept. 27 -- Sri Lanka's top export bodies yesterday sounded the alarm over government's decision to eliminate the Simplified Value Added Tax (SVAT) system on October 1, warning that the new ... Read More


Controversial number plate tender to incur over Rs.516mn loss to Govt.

Colombo, Sept. 25 -- A multi-billion rupee government tender to supply vehicle number plates is mired in controversy after the two lowest bidders were disqualified on technical grounds, paving the way... Read More


Sri Lanka overhauls Port City incentives

Sri Lanka, Sept. 22 -- The government has introduced a significantly revised and less generous incentive framework for investors in the Colombo Port City Special Economic Zone (SEZ), slashing lengthy ... Read More


BYD roars back as SL's vehicle market sees tepid growth

Sri Lanka, Sept. 17 -- Chinese automaker BYD saw a dramatic 80 percent surge in vehicle registrations in August 2025, signalling a strong recovery after a temporary setback, according to CAL Research.... Read More


The first section of the Central Expressway to restart in September with revived Chinese funding

Sri Lanka, Sept. 8 -- Construction on the long-awaited first section of the Central Expressway (E04), from Kadawatha to Mirigama, is set to resume by September or October with the return of Chinese fu... Read More


Sri Lanka targets US$ 1.8bn AI sector by 2030

Sri Lanka, Aug. 13 -- Sri Lanka has set an ambitious goal for its artificial intelligence (AI) sector contributing US$ 1.5 to US$ 1.8 billion, or 10-12 percent, of the nation's projected US$ 15 billio... Read More