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,…
The inflow of workers’ remittances to Sri Lanka in the month of March has been reported as USD 693.3 million. According to the Central Bank of Sri Lanka (CBSL), this figure is the second highest monthly inflow on record. The CBSL added, the cumulative figure for the period from January to March 2025 is USD…
The Central Bank of Sri Lanka (CBSL) has released key findings of the SRS conducted for the first half of 2025. The SRS quantifies and tracks, market participants’ views on risks to, and their confidence in, the stability of the Sri Lankan financial system. The sampling frame of the survey includes licensed banks, licensed Finance…
Marks significant milestone in US foreign direct investment (FDI) in Sri Lanka Hayleys Fentons Limited, Sri Lanka’s premier one-stop provider for complex engineering services is set to embark on a high-profile project for Shield Restraint Systems Limited in establishing “SHIELD” — a new manufacturing facility within the Wathupitiwala Export Processing Zone (EPZ). This groundbreaking initiative…
Fitch Ratings: Sharp US tariff increases will disrupt corporate supply chains and affect economic growth and corporate earnings in APAC and globally, despite the 90-day pause on some of the larger tariff hikes announced on 2 April, says Fitch Ratings. However, few of our rated APAC corporates face a combination of high sector vulnerability, low…
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