Another Foreign Investor Exits Sri Lanka as Regulatory Uncertainty Deepens
China-backed Amber Adventures pulls out of landmark cable car project, flags possible international legal action...
Tag : Sri Lanka Economy
US Flags Sri Lanka’s Investment Climate, Cites Adani Pullout and Policy Inconsistency
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....
Sri Lanka to Resume Central Expressway Construction with Chinese Funding
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....
Sri Lanka Postpones 18% VAT on Foreign Digital Services to April 2026
Sri Lanka postpones the 18% VAT on foreign digital service providers to April 2026, giving companies more time to comply with new tax rules....
Sri Lanka Pushes to Restructure 2022 Bonds Amid Ongoing Legal Dispute
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....
Sri Lanka’s Tax Revenue Surges, But Government Spending Still Outpaces Gains
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....
US Imposes 20% Tariff on Sri Lankan Exports, Effective August 7
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....
Sri Lanka Achieves Record Rs. 1.368 Trillion Tax Revenue by July 2025
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....