Navigating the Complexities of Vehicle Imports in Sri Lanka
Introduction: Vehicle imports in Sri Lanka play a significant role in the country’s automotive industry, offering a wide range of options for consumers, businesses, and government institutions. However, the import process can be complex, with multiple regulations, taxes, and procedures to consider. Understanding these intricacies is essential for anyone looking to import a vehicle into […]
The E-commerce Boom in Sri Lanka: A New Era of Online Business
Introduction E-commerce is booming worldwide, and Sri Lanka is no exception. The rapid growth of digital transactions, mobile penetration, and shifting consumer behavior has propelled online shopping to new heights. With global e-commerce sales expected to reach $8.1 trillion by 2026, businesses in Sri Lanka are racing to adapt to this digital transformation. From small […]
Easing of Vehicle Import Restrictions in Sri Lanka
Introduction Sri Lanka has recently seen a pivotal shift in its automotive policy with the easing of vehicle import restrictions, a move anticipated by both consumers and industry stakeholders alike. This significant policy adjustment comes after a prolonged period of stringent controls, aimed at stabilizing the national economy and conserving foreign reserves. This blog post […]
IMF Applauds Sri Lanka’s Economic Progress Yet Cautions on the Path Ahead
In recent developments, the International Monetary Fund (IMF) has praised Sri Lanka for its diligent progress under the current economic reform program(Economic Progress). This recognition came during a review which noted significant strides particularly in governance and fiscal responsibility. The IMF highlighted the effective measures Sri Lanka has implemented, which have begun to stabilize the […]
Sri Lanka’s IMF Tranche Approval: Progress, Challenges, and the Road Ahead
Introduction: A Critical Milestone for Sri Lanka’s Economy On February 28, 2025, Sri Lanka achieved a significant milestone (IMF Tranche Approval) in its ongoing economic recovery efforts by securing the approval of the third review under its $2.9 billion Extended Fund Facility (EFF) from the International Monetary Fund (IMF). This pivotal decision led to the […]
Sri Lanka’s Fuel Sector: Challenges, Progress, and the Path Forward
Sri Lankas fuel sector has been shaped by economic upheavals, shifting geopolitical dynamics, and strategic investments. As the nation strives for energy security and economic stability, this article examines the sector’s current landscape, the progress made, and the challenges that lie ahead. Economic Crisis and Fuel Shortages: A Historical Perspective Between 2019 and 2024, Sri […]
Sri Lanka’s Electricity Crisis: Analyzing the Challenges and Charting the Path to Energy Security
Introduction Sri Lanka’s electricity sector is facing a severe crisis, marked by power shortages, financial instability, and dependence on costly fossil fuel imports. The energy sector’s inefficiencies have led to rolling blackouts, increasing electricity tariffs, and a lack of long-term planning. Addressing these challenges requires comprehensive policy reforms, investment in renewable energy, and improvements in […]
What is the Impact of 2025 Budget on the Sri Lankan Economy
Sri Lanka’s 2025 budget, already in effect, marked a critical juncture in the nation’s economic management, particularly in adhering to stringent International Monetary Fund (IMF) guidelines. This budget was instrumental in shaping the country’s approach to fiscal stability and sustainable economic growth. Here, we reflect on the impacts of these policies, highlighting both the achievements […]
The Growth of Tech-Based Businesses in Sri Lanka: What are the Opportunities
In recent years, Sri Lanka has emerged as a burgeoning hub for tech-based businesses, fueled by a combination of government support, a skilled workforce, and strategic partnerships. This growth is not only reshaping the economic landscape of the island but also presenting a plethora of opportunities for entrepreneurs and investors alike. Here, we delve into […]
The Impact of the Budget on the SME Sector in Sri Lanka
Small and Medium Enterprises (SMEs) are the backbone of Sri Lanka’s economy, contributing significantly to employment, GDP growth, and innovation. The annual budget plays a crucial role in shaping the SME sector, influencing business confidence, access to finance, taxation policies, and infrastructure development. This article explores how the latest budget impacts Sri Lanka’s SME sector, […]
