The Ministry of Finance, Planning and Economic Development has announced the formal establishment of the Tax Policy Analysis Unit (TPAU) under the Department of Fiscal Policy. The TPAU’s core functions include revenue analysis; economic and distributional analysis of tax policies; evaluation of tax expenditures; engagement with key stakeholders; and analysis and support relating to international…
Reuters – U.S. President Donald Trump on Monday announced a trade deal with India that slashes U.S. tariffs on Indian goods to 18% from 50% in exchange for India halting Russian oil purchases and lowering trade barriers. Trump announced the deal on social media following a call with Indian Prime Minister Narendra Modi, noting that…
Reuters – Growing electricity demand from AI and data centres, together with rising fuel use in Asia and European gas needs could turn an expected global liquefied natural gas supply glut into a shortage by 2030, Qatar Energy CEO Saad al-Kaabi said on Monday. LNG coming online between 2026 and 2029 has raised concerns of…
The Colombo Stock Exchange (CSE) experienced a significant downturn on the first trading day (02) of February, with major indices closing lower amid moderate activity. The benchmark All Share Price Index (ASPI) declined by 130.63 points, or approximately 0.55%, to close at 23,681.68. Similarly, the S&P SL20 Index, which tracks the top 20 companies by…
Sri Lanka’s apparel industry marked a milestone with its first country pavilion at Source Fashion 2026. The exhibition was held from 13 to 15 January 2026 at Olympia London, one of Europe’s leading apparel sourcing events. The pavilion was officially inaugurated on 13 January with a ribbon-cutting ceremony. High Commissioner of Sri Lanka in the…
The Deputy Minister of Industry and Entrepreneurship Development of Sri Lanka,. Chathuranga Abeyasinghe, met with his Saudi counterpartVice Minister of Industry and Mineral Resources for Industrial Affairs, Eng. Khalil bin Ibrahim bin Salamah, , on 25 January 2026 at the headquarters of the Ministry of Industry and Mineral Resources in Riyadh. During the meeting, Minister…
Reuters – JP Morgan said late on Sunday it expects demand from central banks and investors to drive gold prices to $6,300 per ounce by year-end. Gold extended its fall on Monday to $4,677.17 per ounce, as of 0450 GMT, after falling more than 5% earlier in the session to hit its lowest in more…
The Sri Lanka–United Kingdom Chamber of Commerce in London (SLUKCC) in collaboration with the Sri Lanka High Commission in London (SLHC), hosted a panel discussion on the theme “Building Stronger Trade Bridges Between Sri Lanka and the United Kingdom”. The focus of the discussion was on enhancing bilateral trade and economic ties between Sri Lanka and…
Reuters – Asia’s factory activity expanded in January as solid global demand lifted export orders, private-sector surveys showed on Monday, offering policymakers some assurance the hit from higher U.S. tariffs has run its course for now. Japan and South Korea saw manufacturing activity grow at a multi-year pace as big markets like the U.S. sustained…
DIMO has successfully completed the design, supply, installation, and commissioning of a state-of-the-art floodlighting system at the Singhalese Sports Club (SSC), positioning it as Colombo’s second and the country’s fifth cricket venue capable of hosting international day–night matches. The SSC is also one of the three venues selected to host matches during the ICC Men’s…
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