The economic winds are blowing eastwards. And after decades of the West being the engine of the global economy, it’s now the turn of the East to be the growth engine. India is now poised to be the growth engine of the world, and South Asia has a unique opportunity to reap the rewards of…
Reuters – India is open to cutting tariffs on more than half of U.S. imports worth $23 billion in the first phase of a trade deal the two nations are negotiating, two government sources said, the biggest cut in years, aimed at fending off reciprocal tariffs. The South Asian nation wants to mitigate the impact…
EDB Successfully Hosts the 25th Exporters’ Forum to Address Exporter Concerns The Sri Lanka Export Development Board (EDB) recently hosted the 25th Exporters’ Forum at its headquarters, providing a vital platform for exporters to voice their concerns and seek practical solutions to challenges faced in the export sector. Held on March 24, 2025, the Forum…
Due to the failure of charging the prescribed fees for the registration of 296 motorcycles falling under the engine capacity category of 201 to 450, the government has incurred a loss of Rs. 78.15 million. Additionally, it was disclosed at the Committee on Public Accounts (COPA) that 3,088 motorcycles had been registered without Cabinet approval…
Reuters – South Korean tech giant Samsung Electronics, opens new tab said on Tuesday that its co-chief executive officer Han Jong-hee has died due to cardiac arrest. Han was 63. Han was in charge of Samsung’s consumer electronics and mobile devices division, while co-CEO Jun Young-hyun oversees the chip business of South Korea’s biggest company….
Total exports, including both merchandise and services, reached at US$ 1,382.53 Mn in February 2025, marking a notable 4.62% year-on- year growth compared to February 2024. Additionally, exports recorded a 2.58% month-on-month increase compared to January 2025. According to provisional data from Sri Lanka Customs and estimated figures for Gems & Jewellery and Petroleum Products,…
Fitch Ratings has published the National Long-Term Rating of ‘AAA(lka)’ for Sri Lankan conglomerate Hayleys PLC’s (AAA(lka)/Stable) proposed senior unsecured redeemable debentures of up to LKR7 billion. The proposed debentures are rated in line with Hayley’s National Long-Term Rating and existing unsecured notes because we believe there will be limited subordination risk to debenture holders…
Meizu, in collaboration with Geely Auto, held a product launch event in Vietnam on March 21, accelerating its strategic expansion in Southeast Asia with its eco-products. Simultaneously, the Geely International EX5, a global smart pure-electric SUV equipped with the Flyme Auto smart cockpit system, is set to debut in Vietnam in the second quarter of 2025. At the event, Meizu showcased its AI-powered eco-products,…
Unveils all-new automotive masterpiece with 30+ first-in-class features KIA has stormed back into Sri Lanka’s automotive limelight with the unveiling of the all-new Sonet compact SUV, adding zest to the country’s excitement at the resumption of automobile imports. This is the first of 12 new SUV models to be introduced by Kia to the Sri…
In a momentous event for Sri Lanka’s automotive landscape, the first shipment of BYD’s cutting-edge New Energy Vehicles (NEVs) has arrived at Hambantota Port. This historic milestone, facilitated by John Keells CG Auto (JKCG Auto)—the authorized distributor for BYD vehicles in Sri Lanka—ushers in a new era of sustainable mobility and innovation. The shipment includes…
Video Story
