Economy

Imported vehicle prices drop in Sri Lanka following Japan price cuts: VIAL

Published

2 weeks ago

October 22, 2025

The prices of imported vehicles in Sri Lanka have dropped by up to Rs. 1.5 million, following a reduction in vehicle prices in Japan, Vehicle Importers Association of Lanka (VIAL) President Indika Sampath Merinchige said.

Merinchige told the media that unauthorized vehicle imports had caused a backlog of unregistered vehicles in the local market, affecting sales.

According to Central Bank data, USD 705 million was spent on importing personal vehicles between January and August 2025.

“Among the price changes, an unregistered Honda Vezel Z Play 2025 SUV now sells for Rs. 23.5 million, down from Rs. 25.5 million. A Toyota Yaris has dropped to Rs. 10.5 million from Rs. 11.5 million, while the Suzuki Alto Hybrid is now priced at Rs. 7.3 million, down from Rs. 7.9 million. The Suzuki Wagon R has also fallen to Rs. 7.3 million from Rs. 7.8 million,” he said.

Economy

Sri lanka’s domestic exports rise by 5.2%

Published

1 day ago

November 6, 2025

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The Central Bank of Sri Lanka (CBSL) reports that domestic exports of goods and materials have grown by 5.2% during the first nine months of this year, compared to the same period in 2024.

According to official data, export earnings for the period reached US$ 10,215.1 million, up from US$ 9,518.1 million recorded last year.

The increase reflects a steady improvement in the country’s export performance, supported by higher demand and stronger production across key sectors.

Economy

SriLankan Airlines group loses Rs10.7bn in three months, operating losses up

Published

4 days ago

November 3, 2025

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State-run SriLankan Airlines group has lost 10.7 billion rupees in the three months to June 2025, down from 12.9 billion rupees last year but operating losses had widened, despite improvement in traffic, a Finance Ministry report said.

SriLankan had posted revenues of 51.7 billion rupees, up 1.5 billion rupees in the June quarter, helped by high higher traffic volumes and a big improvement in load factor to 82.3 percent a from 74.8 last year.

The airline had carried more than one million passengers across 3,217 flights during the quarter, with traffic growing 23 percent, the report said.

But cargo revenue had declined 13 percent to 7.1 billion rupees, and other revenues had also fallen, bringing net traffic revenues to 62.7 billion rupees, down from 63.8 billion rupees last year.SriLankan Airlines group loses Rs10.7bn in three months, operating losses up

Economy

Sri Lanka is the second most expensive country in South Asia to live in

Published

5 days ago

November 2, 2025

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Sri Lanka is the second most expensive South Asian Association for Regional Cooperation (SAARC) country to live with cost of living for an individual being $506 or Rs. 153,899 excluding rent to live a comfortable life according to Numbeo, a user-generated cost-of-living statistics website.

According to the website for a family of four living in the city of Colombo, the monthly costs are Rs. 570,997 excluding rent to live comfortably. This includes the cost of childcare, groceries, outings, dining, school fees, house expenses, vehicle expenses etc.

Numbeo is the world’s largest cost of living database and a crowd sourced global resource for quality of life data. It provides insights into cost of living. According to the site Maldives is considered the most expensive SAARC country to live in comfortably with a cost of $840.4 per person.

Source – Dailymirror