City of Dreams Sri Lanka, South Asia’s first fully integrated luxury resort, is set to make a bold mark on the region with its much-anticipated grand opening on 2 August 2025. In a strategic move to spotlight the country’s growing appeal as a high-end tourism destination, the resort will welcome over 100 international journalists, influencers,…
Sri Lanka stands to benefit significantly from the UK’s latest trade reforms, as the British government unveiled a series of upgrades to the Developing Countries Trading Scheme (DCTS) on 10 July. The changes include simplified rules of origin, allowing more Sri Lankan goods — particularly garments — to enter the UK tariff-free, even when using…
Independent Growth Study Group unveils critical strategies for sustained and transformative growth in 2025-2030 A new report launched today offers a bold roadmap for Sri Lanka to achieve sustainable and inclusive economic growth over the coming five years. Sustaining Transformative Growth in Sri Lanka 2025–2030, authored by an Independent Growth Study Group under the auspices of ODI…
Second daily service to offer the award-winning Premium Economy seats Emirates, the world’s largest international airline, will deploy its retrofitted four-class Boeing 777 on flights EK650/651 operating between Dubai and Colombo from 18 July. Services on the enhanced aircraft, with newly-configured and refreshed cabins, will be the airline’s second daily flight in Sri Lanka to…
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…
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