Bangladeshi industry faces 37% US tariffs after political crisis Garment exporters worried about order cancellations Apparel exports critical for economy of impoverished Bangladesh Sri Lanka sets up panel to study ‘potential issues’ for exporters Indian garments industry could benefit from Trump’s move Reuters – Bangladeshi garment exporter Shahidullah Azim woke up on Thursday to the…
The Sri Lanka Export Development Board (EDB) recently hosted a productive meeting with Mr. Toyokazu Nagamune, South Asia Regional Representative of Japan’s Ministry of Economy, Trade, and Industry (METI), to explore the potential for establishing a regional economic cluster aimed at facilitating the export of manufactured goods to Japan and other regions. This initiative seeks…
Cargills Bank PLC has issued a statement regarding the cybersecurity incident first disclosed on March 21 and March 25, 2025. The bank reassured customers that its core banking operations remain fully secure and functional, despite an unauthorized party claiming to have accessed and published certain bank data, the statement said. Find the full statement attached…
Sri Lanka’s largest private sector retail bank, HNB PLC, announced the successful completion of an ambitious and comprehensive transformation of its Human Resources (HR) framework, as part of a broader mission to ensure a high-performing, future-ready workforce. Working in partnership with two of the region’s leading strategic consulting firms, Cerebrus Consultants and Mercer Consulting, HNB’s…
The Export Development Board (EDB) and the Sri Lanka Police have signed a bilateral Memorandum of Understanding (MoU) to strengthen mutual cooperation in investigations related to anti-money laundering and countering the financing of terrorism. The agreement was signed on April 3, 2025, at the Sri Lanka Police Headquarters in Colombo by the Chief Executive Officer…
The Ceylon Chamber of Commerce expresses deep concern over the imposition of a 44% tariff on Sri Lankan exports to the United States (US). With the US accounting for approximately USD 3 billion in exports and 25% of Sri Lanka’s total merchandise export, this development poses a significant challenge to the country’s trade and economic…
The Committee appointed to explore necessary measures and submit recommendations to the Government regarding the new US tariff system met with President Anura Kumara Disanayake yesterday (April 3) at the Presidential Secretariat. During the discussion, an in-depth review was conducted on the background and basis of these tariffs, as well as the economic challenges that…
BBC – Stock markets in London, Paris and Berlin fell as trading began on Thursday after US President Donald Trump’s sweeping announcements on tariffs. The UK’s FTSE 100 share index was down 1% while France’s Cac 40 fell 1.7%. Earlier Asian markets had slid, while the price of gold, which is seen as a safer…
The Economic Times – Cinnamon Hotels & Resorts has appointed AVIAREPS India to lead its public relations and brand strategy in India. The move aims to reinforce the group’s presence among Indian travellers, capitalising on Sri Lanka’s growing appeal as a preferred travel destination. Cinnamon Hotels & Resorts, with a portfolio of 17 properties, has been…
Sri Lanka is set to take center stage as the host nation for the Asia Pacific ICT Alliance (APICTA) Executive Committee Meeting 2025, aligning seamlessly with the government’s vision to position the country as a hub for technology, innovation, and business collaboration in the Asia-Pacific region. The event, scheduled to take place from April 4th…
Video Story
