EDB Establishes “Trade Facilitation Task Force” to Enhance Export Efficiency
As a strategic move to develop a mechanism for addressing challenges in the export value chain, the Export Development Board (EDB) has established a Trade …
Commodity
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Sri Lanka’s September 2024 merchandise exports dip by 3.5-pct
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in September 2024 amounted to US$ 937.95 million, recorded a …
Sri Lanka’s August 2024 Merchandise Exports Rise by 4.2-pct to USD 1.2 Bn
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in August 2024 amounted to US$ 1,165.4 million, recorded an …
Sri Lanka’s July 2024 Exports Surge to USD1 Bn, Marking a 6.58-pct Year-on-Year Increase
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in July 2024 amounted to US$ 1,087.6 million, recorded an …
Sri Lanka’s May Exports Up 9-pct from April
As per the provisional data released by the Sri Lanka Customs, the merchandise export performance in May 2024 amounted to US$ 960.2 million, recorded an …
Sri Lanka’s Exports Up 1.25-pct to USD1.11 Billion in April
The total exports (Merchandise & Service) for the month of April 2024 was recorded as US$ 1,114.22 Million increasing 1.25 % over the corresponding period …
Export performance recorded a modest increase in February
The merchandise export performance in February 2024 amounted to US$ 983.7 million, recorded a modest increase of 0.17 % compared to February 2023. Furthermore, …
Merchandise Exports Dip 0.77-pct in January 2024, Reaching USD970.7 Mn
The merchandise export performance in January 2024 amounted to US$ 970.7 million, recorded a 0.77 % decline compared to January 2023. Compared to January 2023, …
Sri Lanka’s total exports reached USD 14.94 Bn in 2023
Sri Lanka’s total exports reached US$ 14.94 Bn in 2023 including merchandise exports (US$ 11.85Bn) and estimated service exports (US$ 3.08 Bn). It is only a …
Sri Lanka Revises VAT Exemptions Starting 2024 (Complete List)
The Inland Revenue Department of Sri Lanka has announced an update to the list of goods and services exempted from Value Added Tax (VAT) beginning January 1, …
Sri Lanka’s exports decreased by 14.6-pct in October 2023
Sri Lanka’s merchandise exports decreased by 14.6 % to US$ 898.0 Million in October 2023 compared to October 2022 as per the provisional data released by the …
Headline inflation is expected to converge towards 5-pct level over medium term, says CBSL
Sri Lanka's Central Bank says that the spillover effects of tax measures and other developments are likely to be muted due to subdued underlying demand …
Ceylon Chamber Advocates for a Balanced Fiscal Approach Over Proposed VAT rate hike
The Ceylon Chamber of Commerce raises concerns regarding the proposed increase of the Value Added Tax (VAT) to 18%. While recognising the government's …
VAT to be increased to 18-pct from January; coverage will be expanded to meet targets agreed with IMF
The current Value Added Tax (VAT) rate is to be increased to 18% with effect from 01-01-2024, and to impose the tax on certain goods and services to which the …
Sri Lanka’s exports dropped by 15-pct in Sept compared to Aug amid decreased demand
Sri Lanka’s merchandise exports decreased by 11.88 % to US$ 951.5 Million in September 2023 compared to September 2022 as per the provisional data released …
CCPI-based headline inflation decreased to 1.3-pct in September 2023
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the Colombo Consumer Price Index (CCPI, 2021=100)1 decreased to 1.3% in September 2023 …
Sri Lanka’s merchandise exports surpassed USD 1 billion mark in August
Sri Lanka’s merchandise exports increased by 6.98 % to US$ 1,091.6 Million in August 2023 compared to July 2023 as per the provisional data released by the …
Import restrictions, except for vehicles to be lifted by next month: Minister
Finance State Minister Shehan Semasinghe says that import restrictions on goods, except for vehicles, will be lifted by next month with the goal of stabilizing …
CCPI based headline inflation decreased to 4-pct in August
Headline inflation, as measured by the year-on-year change in the Colombo Consumer Price Index decreased to 4.0% in August 2023 from 6.3% in July 2023 in line …
Sri Lanka’s exports decreased by 8-pct to USD 1Bn in Feb 2023 compared to Feb 2022
Sri Lanka’s merchandise exports decreased by 8.06 % to US$ 1,005.2 Million in February 2023 compared to February 2022 as per the data released by Sri Lanka …