NDTV – US President Donald Trump, during his annual State of the Union address, defended his sweeping tariffs on foreign countries, saying those who “ripped the US for years are now paying billions of dollars. The Republican leader asserted that the tariffs will replace the modern-day system of income tax – a claim that he had…
Reuters – Asia’s financial markets were higher on Wednesday with Korean chipmakers leading gains, as investors double down on what they see as the safest bet on artificial intelligence (AI), while the yen remained in focus. Investors rocked by volatility in recent months were also awaiting U.S. President Donald Trump’s State of the Union speech…
The Cabinet of Ministers has approved the procurement of 75 motor graders for use in government development programmes, following a National Competitive Bidding process. The procurement received Cabinet approval at its meeting held on October 21, 2025, after which bids were invited. A total of five bids were submitted and evaluated. Based on the recommendations…
Colombo Dockyard PLC has announced the appointment of several new directors to its Board, following nominations by its major shareholder Mazagon Dock Shipbuilders Ltd (MDL), according to a disclosure made to the Colombo Stock Exchange today (24). The company said the appointments, effective from 24 February, were made in compliance with listing rules and were reviewed…
Sri Lanka has approved the implementation of an updated National Tariff Policy following a comprehensive review aimed at strengthening compliance, improving clarity, and aligning the framework with current economic and fiscal conditions. The National Tariff Policy was originally introduced to establish a transparent, predictable, and coherent tax system to support trade, investment, and fiscal objectives….
Five Trailblazing Women Scientists from the Global South Receive 2026 OWSD-Elsevier Foundation Award for Sustainable Energy Recognizing visionary leadership in sustainable energy, the awards spotlight women scientists transforming communities in lower-income countries United by a commitment to advancing human progress, 5 pioneering scientists who are shaping the future of sustainable energy have been awarded the…
Fitch Ratings – Fitch Ratings believes the Central Bank of Sri Lanka’s (CBSL) reintroduction of a consolidation framework for the banking sector is broadly positive for sector credit profiles. Consolidation should strengthen franchises, create better-capitalised banks and support compliance with tightening single-borrower limits, particularly as higher post-merger capital can enable banks to take larger exposures…
The Insurance Regulatory Commission of Sri Lanka (IRCSL) in collaboration with Credit Information Bureau of Sri Lanka (CRIB) has officially unveiled the Centralized Insurance Data Repository marking a new chapter in the country’s insurance sector. The initiative was conceptualized under the leadership and guidance of Dr. Ajith, Chairman of the IRCSL, whose commitment to strengthening…
Tourist arrivals to Sri Lanka have surpassed the half-million mark so far this year, according to the latest statistics released by the Sri Lanka Tourism Development Authority (SLTDA). The report shows that a total of 505,751 visitors arrived in the country between January 1 and February 22, 2026. During the period from February 1 to 22…
Sri Lanka’s export sector began 2026 on a strong momentum, recording a robust year-on-year growth of 13.71%, signaling renewed momentum in external trade performance. According to statistics released by Sri Lanka Customs, together with estimated export figures for gems and jewellery, petroleum products, and services, total export earnings reached US$ 1,532.6 Mn. The encouraging performance…
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