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  • Sri Lanka Opens Colombo Port City for Unlimited Duty-Free Shopping Opportunities

    Sri Lanka Opens Colombo Port City for Unlimited Duty-Free Shopping Opportunities

    FINANCIAL CHRONICLE – Sri Lanka will amend the Colombo Port City regulatory framework to allow passengers arriving from abroad to purchase goods from its duty-free shopping complex on two occasions within 4 days of arrival, minister Nalinda Jayatissa said. The Colombo Port City (Guidelines on the Grant of Exemptions or Incentives to Businesses of Strategic

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  • Sri Lanka Stock Market Falls 2.41% Amid Fuel Shortage Concerns

    Sri Lanka Stock Market Falls 2.41% Amid Fuel Shortage Concerns

    FINANCIAL CHRONICLE – Sri Lanka’s Colombo Stock Exchange closed 2.41 percent down on Tuesday as investors were spooked by fears of a fuel shortage, brokers said. “A possible fuel shortage would impact business profitability, so that is worrying investors,” Ranjan Ranatunga, Assistant Vice President-Research at First Capital Holdings PLC said. “That’s what’s weighing market down.”

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