The Ceylon Chamber of Commerce is concerned by the announcement of new labour-related tariffs by the United States on several countries, including a proposed 12.5% tariff on exports from Sri Lanka. This development comes at a time when Sri Lanka was continuing discussions with the US following the suspension of the previously announced reciprocal tariffs…
Reuters – Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz. Trade was cautious and losses were limited. Brent futures were down $1.14, or 1.2%, to $96.67 a barrel…
The Revenue Management Committee (RMC) of the Ministry of Finance, Planning and Economic Development has launched a public call for revenue enhancement proposals. This initiative supports the government’s long-term goal of increasing national revenue performance to 20 percent of GDP. Established under the Public Financial Management Act, No. 44 of 2024, the RMC is seeking…
As climate-linked regulations, investor expectations, and financing requirements increasingly influence global trade and market access, the Sri Lanka Climate Summit 2026 will place business readiness at the centre of national conversation, with a high-level line-up of policymakers, international agencies, corporate leaders, and technical experts set to examine what climate preparedness means for Sri Lanka’s economy…
Pelwatte Dairy Industries Limited has successfully commissioned its state-of-the-art Effluent Treatment Plant (ETP) at its Buttala manufacturing facility, marking a significant milestone in the company’s journey toward environmental stewardship, ESG compliance, and responsible dairy processing. [ETP Opening | Word] This facility is the largest Effluent Treatment Plant within a dairy processing operation in Sri Lanka,…
The Colombo Stock Exchange (CSE) will be hosting a free online workshop on the implementation of the International Financial Reporting Standards (IFRS) Sustainability Disclosure Standards on Tuesday 23rd June 2026 from 1.00 pm to 4.30 pm. The workshop will be conducted in collaboration with the United Nations Sustainable Stock Exchange Initiative (UN SSE), International Finance…
Aitken Spence PLC, a leading conglomerate with a diverse regional presence, recorded a strong Profit Before Tax (PBT) of Rs. 12.8 billion for the year ended March 31, 2026. The strength of the Group’s diversified portfolio was clearly demonstrated during the financial year, with overseas operations contributing 61% of total profits. This growing international presence…
JAT acquired Mirotone, a 90-year-old globally recognised Australian/New Zealand brand strengthening its international coatings presence. The second phase of the acrylic binder plant expansion was completed, increasing capacity by 76%. Gross profit increased by 21% year-on-year. Local sales increased by 12%, supported by the EV charger business and decorative paints segment. Bangladesh showed a strong…
BBC – The US has announced new tariffs on dozens of countries of 10-12.5% over concerns they are not doing enough to tackle forced labour. It is the second time President Donald Trump’s administration has announced new import taxes since the US Supreme Court struck down many of his previous duties in February. The 60…
Masayoshi Son has overtaken Indian mogul Mukesh Ambani as the richest person in Asia, as surging SoftBank shares led him to amass a fortune of $97 billion. Forbes – SoftBank Group’s Masayoshi Son has become the richest person in Asia amid the AI boom. Market euphoria has propelled shares of the Tokyo-listed investment giant to a record…
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