Reuters – U.S. President Donald Trump has launched a global trade war with an array of tariffs that target individual products and countries. Trump has set a baseline tariff of 10% on all imports to the United States, as well as additional duties on certain products or countries. Here is a list of targeted tariffs he has…
The announcement of a 30% reciprocal tariff by the U.S., scheduled to take effect from 1st August 2025, has raised significant concern within Sri Lanka’s apparel industry. As one of the country’s largest export earners, the sector relies heavily on access to the U.S. market, and such a steep increase threatens to erode competitiveness, particularly…
Strengthening Collaboration in Agriculture, Nutrition and Digital Infrastructure President Anura Kumara Dissanayake today (10) met with Dr. Chris Elias, President of Global Development at the Gates Foundation, for high-level discussions focused on key areas critical to Sri Lanka’s development. The meeting, held at the Presidential Secretariat, explored collaborative efforts in agricultural modernisation, nutrition, digital public…
A special discussion on the new tariff policy imposed by the United States was held Yesterday morning (10) at the Presidential Secretariat between President Anura Kumara Disanayake and a delegation representing Sri Lanka. Participating in the discussion were Minister of Labour and Deputy Minister of Economic Development Dr. Anil Jayantha Fernando, Secretary to the Ministry…
In a strategic move Chairman of 4R Holdings International (PVT) Ltd, M. Rilwan Razick, has entered into a partnership with leading lingerie brand amanté Lanka (Private) Ltd. Commencing July 2025, 4R Holdings will be the official Distributor of amanté managing the sales and marketing of the brand for the GCC region. While the company has…
Reuters – Sri Lanka has the right balance of monetary policy at the moment, and domestic inflation is expected to turn positive around next month, Central Bank of Sri Lanka Governor P. Weerasinghe said on Wednesday. Sri Lanka’s inflation, which was minus 0.6% year-on-year in June, is expected to reach the central bank’s target of…
The landscape of international travel for Indian passport holders is undergoing a transformation, courtesy the growing trend of relaxed visa policies across Southeast Asia. This shift is not only breaking down logistical barriers but also encouraging an increase in international travel, particularly to destinations that have recently simplified entry requirements. Data from digital platform Agoda reveals…
The Commercial Bank of Ceylon has announced the launch of Sri Lanka’s first Artificial Intelligence-powered SME Credit Underwriting Solution, taking a transformative step in reshaping how small and medium enterprises (SMEs) access credit and financial solutions. This custom-built AI platform, another breakthrough initiative by the country’s largest private sector bank, was fully developed as a…
The Joint Chambers of Commerce urged the Government of Sri Lanka to engage in meaningful consultation with all recognized industry chambers before making decisions that directly impact trade, exports, and the wider economy. The call comes in response to renewed lobbying efforts by certain shipping agents and intermediaries seeking to reintroduce anti-competitive terminal handling charges…
A total of 1,204,046 tourists have arrived in Sri Lanka so far this year, marking a significant increase compared to the same period in 2024, the Sri Lanka Tourism Development Authority (SLTDA) stated. Meanwhile, 36,002 foreign nationals visited Sri Lanka during the first six days of July. According to the SLTDA, a total of 8,053…
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