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Over 9,400 LCs opened for vehicles in one day after Sri Lanka imposed 50% surcharge: Official

More than 9,400 letters of credit (LCs) were opened to import new personal vehicles on the first day due to speculation ...
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Sri Lanka’s John Keells CG Auto denies claims of vehicle import before surcharge

John Keells CG Auto, the distributor for BYD passenger vehicles in Sri Lanka, has rejected claims that the company had prior ...
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42 paintings vanished into thin air at Sri Lanka’s National Art Gallery

An audit at Sri Lanka's National Art Gallery found that 42 invaluable ancient paintings are missing from its collection, the ...
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Sri Lanka rupee falls to 352.50 to US dollar for TTs, bond yields up

ECONOMYNEXT – The telegraphic transfer rate for Sri Lanka’s rupee against the dollar was 343.5000 buying, 352.5000 selling, while bond yields were up, dealers said. A bond maturing on 15.12.2029 was ...
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Sri Lanka promises to settle Rs15bn renewable energy dues by end-June

ECONOMYNEXT – The government will settle the outstanding debt of nearly 15 billion rupees owed to renewable energy developers by end of June, Sri Lanka’s Energy Minister Aruna Karunathilaka told ...
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Sri Lanka Treasury bill yields rise, less bills sold

ECONOMYNEXT – Sri Lanka’s Treasury bill yields dropped across maturities at Wednesday’s auction, data from the Public Debt Management Office showed, with 67.23 billion rupees bills sold of an offered ...
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Sri Lanka seeks deeper ties with Shanghai Cooperation initiatives

ECONOMYNEXT – Sri Lanka is keen in joining Shanghai Cooperation Organization initiatives, foreign minister Vijitha Herath told a visiting delegation. The delegation headed by SCO Secretary General ...
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Sri Lanka services contracts in Apr 2026 due to increase in energy prices: PMI

Sri Lanka’s services sector contracted in April 2026 due to seasonal impacts following the festive period and the increase in ...
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Sri Lanka to see current account deficit in 2026 for first time in 4 years: CB

ECONOMYNEXT – Sri Lanka is likely to see a current account deficit this year, bucking the trend for the first time in four years, due to higher dollar outflows than inflows amid expensive global oil ...
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Sri Lanka stocks down in midday trade, capital goods lead turnover

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange trended down over Wednesday trading, data from CSE showed. ASPI was down 1.54 percent, or 343.15 points, at 21,954.92. S&P SL20 was down 1.28 percent, ...
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Sri Lanka to formulate National Intellectual Property Policy to fix agency gaps

Sri Lanka’s cabinet has approved a proposal to formulate a comprehensive National Intellectual Property Policy to address ...
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Sri Lanka stocks close down amidst rupee depreciation concerns

ECONOMYNEXT – Sri Lanka’s Colombo Stock Exchange closed down on Wednesday, with analysts saying the market was reacting to the current depreciation of the rupee. The rupee buying rate was 334.50 to ...