Why USA is a critical Tea market and need to request full Tariff free access for the future of our Tea industry? USA is an important tea market and rank as the second largest buyer of tea in the world in terms of value of tea imports. As per available information it has imported over…
HNB PLC, Sri Lanka’s leading private sector bank, announced a partnership with the Road Development Authority (RDA) to launch the island’s first card-based toll payment system, marking a significant step forward in enhancing commuter convenience and modernising national transport infrastructure. The pilot phase of the initiative was officially launched on April 11, 2025, at the…
Further reinforcing its leadership in sustainable finance, DFCC Bank has become the largest investor in Alliance Finance Company PLC’s (AFC) Green Bond Issue, investing LKR 500 million—half of the total LKR 1 billion issuance. Rated A- by Lanka Rating Agency Limited, the AFC Green Bond is listed on the Colombo Stock Exchange (CSE), with proceeds…
The Inland Revenue Department (IRD) announced that locally produced liquid milk and yogurt are now exempted from Value Added Tax (VAT), following the enactment of the Value Added Tax (Amendment) Bill. In a statement issued this week, the department clarified that the VAT exemption came into effect on April 11, the day the bill received…
Business Standard – China now faces up to a 245% tariff on imports to the United States as a result of its retaliatory actions, the White House said in a statement on Tuesday evening. The announcement came as President Donald Trump signed an executive order launching an investigation into the national security risks associated with US…
The Employees’ Provident Fund (EPF) strengthened its position as the leading entity in the superannuation sector, accounting for 81.0% of the sector’s total assets by the end of 2024. The Fund’s net worth rose by 12.6% year-on-year to Rs. 4,375.7 billion, up from Rs. 3,886.7 billion in 2023, primarily driven by robust investment returns and…
By Jithendra Antonio The recent conversation at Sri Lanka’s Committee on Public Finance (‘COPF’) meeting on 11 March is a topic hotter than the coils in the ‘vapes’ that so many remain misinformed about. The reported snippets of the meeting, however, highlight the confusion among some policymakers regarding the legality and regulation of these vapour…
Sri Lanka German Business Council of the Ceylon Chamber Hosts Members’ Day The Sri Lanka-German Business Council (SLGBC) of The Ceylon Chamber of Commerce hosted its Members’ Day at Hilton Colombo Residences recently, bringing together industry leaders, diplomats, and business professionals to celebrate and enhance trade relations between Sri Lanka and Germany. His Excellency Dr….
Reuters – China’s first-quarter economic growth beat expectations, underpinned by solid consumption and industrial output even as policymakers brace for the impact of U.S. tariffs that analysts say pose the biggest risk to the Asian powerhouse in decades. President Donald Trump has ratcheted up tariffs on Chinese goods to eye-watering levels, prompting Beijing to slap retaliatory…
Reuters – U.S. Commerce Secretary Howard Lutnick said on Sunday in an interview with ABC’s “This Week” that smartphones, computers and some other electronics will come under separate tariffs, along with semiconductors that may be imposed in a month or so. U.S. President Donald Trump’s administration late on Friday granted exclusions from steep tariffs on such products,…
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