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…
In a landmark move for Sri Lanka’s digital economy, Surge Global and Calcey Technologies have joined forces in a $40 million transaction to form Short Circuit Pte Ltd – a regional tech powerhouse built to deliver transformation at scale, with deep operational discipline for growth-stage companies and enterprises alike. The deal, backed by Hatton National…
Core operational improvements drive performance across Healthcare, Consumer, and Agribusiness sectors Consolidated revenue of LKR 15.9 billion Healthcare revenue up 14.0% YoY to LKR 8.6 billion Consumer revenue up 3.7% YoY to LKR 4.8 billion Agribusiness revenue increased by 20.7% YoY to LKR 2.5 billion Diversified Sri Lankan conglomerate Sunshine Holdings PLC (CSE: SUN) delivered…
The Sri Lanka Purchasing Managers’ Index for Construction (PMI – Construction), as reflected by the Total Activity Index, recorded a value of 58.6 in June 2025, indicating a continuous expansion in construction activities. Many firms attributed this growth to favourable industry conditions, particularly exhibited by the steady increase in project work and stable price levels….
The Central Bank of Sri Lanka (CBSL) released its third Market Operations Report (MOR) on 31 July 2025. The aim of the MOR is to enhance awareness and knowledge among the stakeholders on monetary operations and foreign exchange operations carried out by the Central Bank in implementing monetary policy under the Flexible Inflation Target (FIT),…
Reuters – Asian shares fell on Friday after the U.S. slapped dozens of trading partners with steep tariffs, while investors anxiously await U.S. jobs data that could make or break the case for a Fed rate cut next month. Late on Thursday, President Donald Trump signed an executive order imposing tariffs ranging from 10% to 41% on…
New tariffs go into effect from Aug 7 U.S. President Donald Trump signed an executive order on Thursday reducing tariffs on Sri Lankan goods to 20% from 44% announced in April, the White House said. Trump had initially announced a tariff rate of 44% in April for Sri Lankan exports. However, the rate was then…
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