News

Two-Decade Aviation Bottlenecks Finally Near Resolution, Industry Claims

Sri Lanka's domestic aviation sector may be on the verge of its most significant regulatory overhaul in more than two decades, with industry representatives...

New US Tariff Tests Sri Lanka’s Export Recovery Strategy

The United States' decision to impose a 10 percent tariff on imports from Sri Lanka marks another external challenge for an economy still rebuilding...

Central Bank Warnings Ignored as US $715 Million Import Scam Exploded

The Central Bank of Sri Lanka’s Financial Intelligence Unit (FIU) repeatedly warned successive Governments as early as 2021 that advance import payments were being...

Finance Ministry, CBSL Locked in Blame over Massive Forex Heist

As Sri Lanka investigates an alleged US$715 million foreign exchange fraud involving shell companies, fake import documentation and international money laundering networks, an equally...

Sri Lanka Lost US$6.87 Million Over Substandard Chinese Fertiliser Imports: Deputy Minister

Sri Lanka incurred a financial loss of US$6.873 million due to the importation of substandard organic fertiliser from China in 2021, with the Auditor General's Department...

Popular

spot_imgspot_img