The Ease of Doing Business in Sri Lanka: A Comprehensive Overview
Sri Lanka, known for its strategic location in the Indian Ocean and its rapidly developing economy, has been making strides in improving its business environment(Business in Sri Lanka). With government-backed reforms, digital transformation, and an evolving regulatory framework, the island nation is positioning itself as an attractive destination for entrepreneurs and investors alike. Understanding the […]
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 […]
Adani Group Withdraws from Sri Lanka’s Wind Power Projects: Implications for the Country’s Energy Future
The Adani Group, one of India’s largest multinational conglomerates, has officially withdrawn from its proposed $440 million wind power projects in Sri Lanka. This unexpected decision has sparked widespread discussions about the future of foreign direct investment (FDI), renewable energy policies, and economic stability in Sri Lanka. The move comes after the newly elected Sri […]
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 […]
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 […]
The Impact of Proposed Taxes on Freelancers and Foreign Exchange Earners in Sri Lanka
Introduction: A Major Policy Shift Sri Lanka’s economic landscape is set to undergo a significant transformation with the unveiling of the 2025 national budget. Among the most debated changes is the new tax policy on freelancers and individuals earning foreign exchange, scheduled to take effect on April 1, 2025. Under this proposal, a 15% tax […]
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 […]
