The Colombo Stock Exchange (CSE) marked a historic milestone in Sri Lanka’s capital market with the launch of a Central Counterparty (CCP) framework for equity transactions, a transformative development that significantly enhances the safety, efficiency, and global competitiveness of the domestic capital market. To commemorate this milestone achievement a special Market Opening Ceremony was held…
City of Dreams Sri Lanka rolled out the red carpet on the first evening of its grand opening, with an event graced by His Excellency President Anura Kumara Dissanayake and attended by a cohort of local and international dignitaries. Distinguished attendees included Krishan Balendra, Chairperson of John Keells Holdings PLC, Lawrence Ho, Chairman and CEO…
Sri Lanka’s largest investment and South Asia’s first integrated resort opened its doors, heralding a bold new chapter in the nations’ economic journey. Positioned at the crossroads of modern luxury and local artistry, City of Dreams Sri Lanka (COD SL), is a living showcase of Sri Lankan ambition, creativity and global vision. The transformative destination…
The Teejay Group, South Asia’s premier multinational textile manufacturer, reported a resilient performance for the first quarter of the 2025/26 financial year, demonstrating its operational strength and strategic agility in the face of continued global market headwinds. The Group recorded a Profit After Tax (PAT) of LKR 0.21 billion for the quarter ended 30th June…
The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) expresses its deep appreciation to the Government of Sri Lanka for its timely and effective diplomatic efforts, which have led to the successful reduction of the U.S. reciprocal tariff on rubber-based exports to 20%, down from the initially proposed 44%. This revised rate…
Sri Lanka’s stock market rallied to a historic high on Friday, with the benchmark All Share Price Index (ASPI) surging by 271.77 points to close at a record 19,914.25, marking a 1.38% gain. The S&P SL20 Index, which tracks the 20 largest and most liquid stocks, outpaced the broader market with a sharp 2.30% increase,…
The Ceylon Chamber of Commerce commends the Government of Sri Lanka and the national negotiation team on the successful outcome of recent discussions with the United States, which led to a further reduction in the reciprocal tariff rate – from 30% to 20% – on Sri Lankan exports. “While this is clear progress reflecting the…
The Plastics and Rubber Institute of Sri Lanka (PRISL) extends its sincere appreciation for the recent decision by U.S. President Donald Trump to reduce and finalize the tariff rate to 20% on Sri Lankan exports to the United States. This strategic policy move marks a pivotal milestone for Sri Lanka’s manufacturing and export sectors, particularly…
The Joint Apparel Association Forum (JAAF) welcomes the revised reciprocal tariff rate of 20% on Sri Lankan exports to the United States and commends the Government of Sri Lanka for its steadfast efforts in securing this critical outcome for the apparel sector. We extend our sincere gratitude to His Excellency President Anura Kumara Dissanayake for…
The Exporters Association of Sri Lanka warmly welcomes and commends the significant progress achieved in the trade negotiations between Sri Lanka and the United States, which have led to a reduction in tariffs on Sri Lankan exports to the U.S. market—now lowered to 20%. We express our sincere appreciation to the Government of Sri Lanka…
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