imports Archives - Lanka Business News

July 29, 2024

Colombo, Sri Lanka, July 29, 2024: Grey market products have long been a contentious issue, enticing consumers with seemingly lower prices. However, beneath the surface, these unauthorised imports bring a myriad of economic and consumer safety concerns that far outweigh their initial appeal. Grey market products, also known as parallel imports, involve the […]

September 18, 2023

By Thushara Rathnaweera, Head of Mobile Experience at Samsung Electronics (Sri Lanka) In the intricate web of today’s global economy, a burning issue demands our immediate attention, which is the challenge of parallel imports, often referred to as ‘grey goods.’ As the Head of Mobile Experience at Samsung Sri Lanka, I consider it […]

February 27, 2023

Colombo, Sri Lanka, February 27, 2023—To support Sri Lanka amid an ongoing economic crisis, the International Finance Corporation (IFC) is providing a cross-currency swap facility to three of the country’s leading national banks that deal with over 30 percent of Sri Lanka’s remittances and exports. It will support the private sector with […]

June 15, 2022

There is a great mismatch in the spend between Sri Lanka’s total imports and fuel imports. According to available data, we have spent 3,269 million US dollars on average annually on fuel imports, between 2014 and 2018. This is as opposed to the 3,394 million US dollars spent on the country’s […]

Sri Lankan Govt loses big-time tax revenue due to grey market products

Tackling the Urgent Challenge of Parallel Imports for Accelerated Economic and Industrial Recovery

Boost to Sri Lankan Economy with IFC Providing Financing of up to $400 Million to Banks to Ensure Essential Imports

Is there a solution? Sustainable Fuel Bill for road transport