Business

The United States has offered to accept 70 to 80% of products exported from Sri Lanka without imposing any tariffs, Deputy Minister of Economic Development (Prof.) Anil Jayantha Fernando stated.

Bollywood star Shah Rukh Khan who was scheduled to arrive in Sri Lanka on 2 August, will not visit the country as planned, according to organisers.

Johann Peries, Sri Lanka’s trailblazing mountaineer, has made history by becoming the first Sri Lankan to complete the ‘Seven Summits Challenge’,

A Sri Lankan government delegation is set to depart for the United States on Friday (18) to hold negotiations aimed at reducing tariffs on Sri Lankan exports, Foreign Minister Vijitha Herath said today

The Colombo Stock Exchange (CSE) reached a significant milestone today (11) as the All Share Price Index (ASPI) surpassed the 18,500-points mark for the first time in the capital market’s history.

The reduction in US reciprocal tariff on exports from Sri Lanka to 30% from previously announced 44% is positive news for local businesses, however the rate is a substantial increase from the existing 10% duty, Economist Dhananath Fernando stated.

Sri Lanka’s domestic clothing brands are calling for a drastic 300 to 400 percent increase in the Commodity Export Subsidy Scheme (CESS) levy on the imported apparel, arguing it is a critical step to ensure the survival and competitiveness of the local industry in its own market.

U.S. President Donald Trump has reposted his official letter to Sri Lankan President Anura Kumara Dissanayake, after correcting a name error in the initial version that mistakenly referred to the President as “Aruna.”

Sri Lanka plans to introduce a property tax by the first half of 2027, according to the latest International Monetary Fund (IMF) review under the Extended Fund Facility (EFF).

City of Dreams Sri Lanka, South Asia’s first integrated resort, announced that its grand opening on 2 August 2025 will be strictly by invitation only.