Sri Lanka Implements Vehicle Surcharge to Curb Imports Amid Currency Decline
Sri Lanka has implemented a temporary surcharge of 50 percent on Customs Import Duty for new personal vehicles, effective from…
Category: Economy
Coverage of macroeconomic trends, fiscal and monetary policy, public finance, inflation, debt, and structural reforms impacting the national economy.
Sri Lanka Implements Vehicle Surcharge to Curb Imports Amidst Currency Decline
FINANCIAL CHRONICLE – Sri Lanka has implemented a temporary surcharge of 50 percent on Customs Import Duty for new personal…
Sri Lanka Must Balance Growth with Lower Inflation Targets, Says Central Bank Governor
FINANCIAL CHRONICLE – During a recent session with a Parliamentary Panel, Central Bank Governor Nandalal Weerasinghe emphasized that Sri Lanka…
PayPal’s Arrival Promises New Opportunities for Freelancers and Small Enterprises in Sri Lanka
PayPal is set to launch its services in Sri Lanka, partnering initially with Bank of Ceylon, Commercial Bank, and Sampath…
ANALYSIS – Impacts of the Significant Decline in the Value of the Sri Lankan Rupee
FINANCIAL CHRONICLE – The recent sharp fall of the Sri Lankan Rupee (LKR) in the past month has raised concerns…
CBSL Governor Attributes Sri Lanka’s Currency Decline to Worldwide Economic Influences
FINANCIAL CHRONICLE – Central Bank Governor Nandalal Weerasinghe emphasized that the recent decline of the Sri Lankan rupee is primarily…
Sri Lanka Allocates Rs8.5 Billion in Compensation for Former CEB Staff
Sri Lanka is set to disburse 8.5 billion rupees in compensation to 1,896 workers who opted for a voluntary exit…
Sri Lanka’s Central Bank Emerges as a Net Seller of US Dollars in April After a 22-Month Interval
FINANCIAL CHRONICLE – In a significant shift, Sri Lanka’s Central Bank has reported its first instance of being a net…
Sri Lanka’s Central Bank Turns to Net US Dollar Sales in April After 22-Month Hiatus
FINANCIAL CHRONICLE – According to recent official figures, Sri Lanka’s Central Bank has transitioned to being a net seller of…
Sri Lanka’s April 2026 Worker Remittances Surge 18.9% to Reach $767.9 Million
FINANCIAL CHRONICLE – In April 2026, Sri Lanka experienced an 18.9 percent increase in official remittances, totaling US$767.9 million, as…