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LNP – ASPI surpasses 18,500 for first time ever

July 11, 2025July 11, 2025 Tyronne Jayamanne

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.

1750142786 Parliament Sajith 6 in sri lankan news

Headlines

LNP – Reach out to White House directly over tariff deal: Sajith tells government

July 11, 2025July 11, 2025 Tyronne Jayamanne

The government must initiate direct negotitiations with the White House over the tariff deal without focusing only on negotiations with the US Department of Commerce and Trade representatives, Opposition Leader Sajith Premadasa said today.

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Headlines

LNP – Hearing of case against Yoshitha and his grandmother adjourned

July 11, 2025July 11, 2025 Tyronne Jayamanne

The Colombo High Court has directed the Attorney General to recall the case filed against Yoshitha Rajapaksa, son of former President Mahinda Rajapaksa, and his grandmother, Daisy Forest, under the Prevention of Money Laundering Act.

Headlines

LNP – 2024 O/L Exam Results: 13,392 students obtain 9A passes

July 11, 2025July 11, 2025 Tyronne Jayamanne

The Commissioner General of Examinations, A.K.S. Indika Kumari, announced that a total of 237,026 students have qualified for the G.C.E. Advanced Level based on the results of the 2024 G.C.E. Ordinary Level Examination.

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Headlines Business

LNP – Trump Tariff: Exports volume will reduce but real challenge is rates of Sri Lanka’s competitors – expert

July 11, 2025July 11, 2025 Tyronne Jayamanne

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.

Headlines

LNP – Hashan Tillakaratne’s wife Apsari in hot water after her interview, clad in AirLanka saree

July 11, 2025July 11, 2025 Tyronne Jayamanne

Former Sri Lankan cricketer Hashan Tillakaratne’s wife Apsari, who was once an airhostess of SriLankan airlines is in hot water after her interview with a website, clad in a saree worn by airhostess of the SriLankan airlines formerly known as AirLanka.

Business Headlines

LNP – Sri Lankan apparel brands demand 300-400% CESS hike to combat ‘cheap’ imports

July 10, 2025July 10, 2025 Tyronne Jayamanne

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.

Business Headlines

LNP – Trump corrects AKD’s name

July 10, 2025July 10, 2025 Tyronne Jayamanne

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.”

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Headlines

LNP – Tourist arrivals in Sri Lanka exceed 36,000 in first six days of July

July 10, 2025July 10, 2025 Tyronne Jayamanne

Over 36,000 tourists have arrived in the country in the first six days of July 2025 alone, the Sri Lanka Tourism Development Authority (SLTDA) said.

Headlines

LNP – Sri Lanka gets largest US tariff cut, says Deputy Foreign Minister

July 10, 2025July 10, 2025 Tyronne Jayamanne

US President Donald Trump has decided to impose a 30% reciprocal tariff on all goods imported from Sri Lanka. The White House has issued an official letter informing President Anura Kumara Dissanayake of this decision.

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