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Sri Lanka’s Textile Industry Enhances Competitiveness Through UK’s DCTS Initiative
The United Kingdom’s updated Developing Countries Trading Scheme (DCTS), set to commence in January 2026, offers significant advantages for Sri Lanka’s garment industry, particularly benefiting small and medium-sized enterprises (SMEs) as they seek to establish a stronger presence in a crucial market. The key advantage of the revised scheme is its practicality. By simplifying the
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Sterling Steels Recognized with Merit Award at the 2026 SLIA Annual Product Awards
Sterling Steels (Pvt) Ltd, a leading manufacturer recognized globally for its premium steel roofing and cladding, has proudly received a distinguished Merit Award at the Sri Lanka Institute of Architects (SLIA) Annual Product Awards 2026.…
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Sri Lanka Set to Revise Immigration Legislation to Grant Complimentary Visas for Citizens of 39 Nations
Sri Lanka is set to present a proposed amendment to its Immigration and Emigration Act, with plans to offer complimentary tourist visas to travelers from 39 nations, as stated by Minister Nalinda Jayatissa. This initiative,…
Economy
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Sri Lanka’s February 2026 Import Expenditures Surge Due to Increased Fuel and Vehicle Purchases, Widening Trade Deficit
FINANCIAL CHRONICLE – The import expenditure in February 2026 experienced a significant increase, primarily driven by higher costs associated with fuel and vehicle imports, leading to an expanded trade deficit, according to data from the…
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Windforce in Sri Lanka to Secure Rs4 Billion through Green Bond Initiative
Sri Lanka’s WindForce Plc, a prominent player in the energy sector, has announced its intention to issue up to 40 million green bonds with the goal of securing 4 billion rupees. According to a recent…
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