Reuters – U.S. President Donald Trump on Monday began telling trade partners – from powerhouse suppliers like Japan and South Korea to minor players – that sharply higher U.S. tariffs will start August 1, marking a new phase in the trade war he launched earlier this year. The imposition of the 25% levy on U.S. importers of…
No. 15A, Layards Road, Bambalapitiya (Colombo 04), Sri Lanka is the site of the newest high-end residential development by the illustrious Blue Ocean Group. The group’s dedication to reshaping city life via cutting-edge design and expert construction is on full display in this historic project. Blue Ocean Group has built a name for itself as…
Thousands of parcels ordered by Sri Lankans from popular e-commerce platforms like TEMU, AliExpress, and eBay are now stuck at customs, caught in a legal grey zone that’s choking the flow of goods. Advocata Institute warns ensuring consumer choice through a competitive market is key to delivering reasonable prices and better quality for Sri Lankans….
Reuters – The United States is close to finalizing several trade pacts in coming days and will notify other countries of higher tariff rates by July 9, President Donald Trump said on Sunday, with the higher rates set to take effect on August 1. Since taking office, Trump has set off a global trade war that has…
The Sri Lanka Export Development Board (EDB) on 1st July, 2025 held a productive and insightful discussion with the Sri Lanka Pharmaceutical Manufacturer’s Association (SLPMA) to explore collaborative pathways for the development of the local pharmaceutical sector with a strong focus on export growth and overcoming key industry bottlenecks. The meeting was attended by the…
AIA Group recently hosted its annual Bancassurance Summit 2025 in Beijing, bringing together senior executives and strategic banking partners from across the Asia-Pacific region. Held under the theme ‘Ascend Together: Igniting Growth and Innovation,’ the summit served as a platform for collaboration, thought leadership, and the advancement of bancassurance across the region. This year’s event…
The Colombo Stock Exchange (CSE), in collaboration with the Securities and Exchange Commission of Sri Lanka (SEC), the Sri Lanka Institute of Directors (SLID), and KPMG, recently hosted a successful Family Business Forum themed “Building a Lasting Family Legacy: A Strategic Approach to Growth and Continuity”. The event brought together family business owners, industry leaders,…
The Central Bank of Sri Lanka, acting in terms of the Regulations made under the Registered Stock and Securities Ordinance and the Local Treasury Bills Ordinance, has decided to extend the suspension of Perpetual Treasuries Limited (PTL) from carrying on the business and activities of a Primary Dealer for a further period of six months…
The Inland Revenue Department officially opened a VAT refund window at Bandaranaike International Airport (BIA) on July 4, enabling foreign tourists to reclaim Value Added Tax (VAT) paid on eligible purchases made in Sri Lanka. This initiative was implemented following policy approval from the Gem and Jewellery Authority and the Ministry of Industries, based on…
Vidullanka PLC marked a historic milestone today with the inaugural listing of Sri Lanka’s first-ever Sukuk on the Colombo Stock Exchange (CSE), introducing a Shariah-compliant financial instrument to the nation’s capital market for the first time. The occasion was celebrated with a ceremonial bell-ringing event held at the CSE Trading Floor, highlighting a pivotal advancement…
Video Story
