Sri Lanka Economy - Sain Network

US Flags Sri Lanka’s Investment Climate, Cites Adani Pullout and Policy Inconsistency

Sain NetworkSeptember 30, 2025September 30, 2025

by Sain NetworkSeptember 30, 2025September 30, 20250183

The US State Department flagged Sri Lanka’s tough investment climate, citing Adani’s $400m pullout, policy inconsistency, and bureaucratic hurdles despite 5% GDP growth in 2024....

News Updates Sri Lanka

Sri Lanka to Resume Central Expressway Construction with Chinese Funding

Sain NetworkSeptember 8, 2025

by Sain NetworkSeptember 8, 20250306

Sri Lanka secures Chinese funding to restart the Kadawatha–Mirigama section of the Central Expressway after three years of delays, with work set to begin by October 2025....

News Updates Sri Lanka

Sri Lanka Postpones 18% VAT on Foreign Digital Services to April 2026

Sain NetworkSeptember 4, 2025

by Sain NetworkSeptember 4, 20250145

Sri Lanka postpones the 18% VAT on foreign digital service providers to April 2026, giving companies more time to comply with new tax rules....

News Updates

Sri Lanka Pushes to Restructure 2022 Bonds Amid Ongoing Legal Dispute

Sain NetworkAugust 11, 2025

by Sain NetworkAugust 11, 20250127

Sri Lanka is negotiating to restructure 2022 bonds excluded from its debt overhaul, as a legal dispute with Hamilton Reserve Bank delays full resolution amid IMF-backed reforms....

News Updates

Sri Lanka’s Tax Revenue Surges, But Government Spending Still Outpaces Gains

Sain NetworkAugust 5, 2025

by Sain NetworkAugust 5, 20250182

Sri Lanka’s tax revenue rose 25% in H1 2025, but increased spending on salaries and interest payments kept the government in deficit, exposing persistent fiscal vulnerabilities....

News Updates

US Imposes 20% Tariff on Sri Lankan Exports, Effective August 7

Sain NetworkAugust 1, 2025

by Sain NetworkAugust 1, 20250192

The United States will impose a 20% tariff on Sri Lankan exports starting August 7. Officials say the move puts Sri Lanka on level ground with trade competitors....

News Updates

Sri Lanka Achieves Record Rs. 1.368 Trillion Tax Revenue by July 2025

Sain NetworkJuly 15, 2025

by Sain NetworkJuly 15, 20250261

On July 15, 2025, Sri Lanka’s IRD announced collecting Rs. 1.368 trillion in tax revenue by July 11, achieving 48% of its 2025 target. Senior Deputy Commissioner J.T. Chandana credits taxpayers for this success....

Tag : Sri Lanka Economy

US Flags Sri Lanka’s Investment Climate, Cites Adani Pullout and Policy Inconsistency

Sri Lanka to Resume Central Expressway Construction with Chinese Funding

Sri Lanka Postpones 18% VAT on Foreign Digital Services to April 2026

Sri Lanka Pushes to Restructure 2022 Bonds Amid Ongoing Legal Dispute

Sri Lanka’s Tax Revenue Surges, But Government Spending Still Outpaces Gains

US Imposes 20% Tariff on Sri Lankan Exports, Effective August 7

Sri Lanka Achieves Record Rs. 1.368 Trillion Tax Revenue by July 2025

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