Business LNP - India estimates about 55% of goods exported to US will face Trump tariff
About 55 per cent of India’s merchandise exports to the United States will be subject to the tariff imposed by President Donald Trump’s administration, the…
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Business LNP - Validity period of PIN issued for submission of tax returns for 2024/2025 extended
The validity of the Personal Identification Number (PIN) issued by the Inland Revenue Department for the submission of income tax returns for the year of…
Business LNP - AKD’s silent, pragmatic leadership enabled SL to reduce U.S. tariffs to 20 per cent – Malik Samarawickrama
Former International Trade Minister Malik Samarawickrama yesterday hailed the government for getting the U.S. reciprocal tariffs reduced to 20 per cent,…
Business LNP - Supermarket fined Rs. 600,000 for selling expired food items
The Aluthkade Magistrate’s Court has imposed a total fine of Rs. 600,000 on three branches of a leading supermarket chain after they pleaded guilty to selling…
Business LNP - Piumi Hansamali & Viranjith Thambugala to be indicted for tax evasion
The Inland Revenue Department (IRD) has informed the Colombo Magistrate’s Court that it intends to file a case before the Colombo High Court against well-known…
Business LNP - US tariff reduction on Sri Lankan exports welcomed: Harsha
Expressing his happiness over the decision by the USA to reduce tariffs on Sri Lankan exports, Opposition MP Harsha de Silva said credit goes to all who worked…
Business LNP - Donald Trump reduces tariff on Sri Lanka to 20%, New tariffs go into effect from Aug 7
U.S. President Donald Trump signed an executive order on Thursday reducing tariffs on Sri Lankan goods to 20% from 44% announced in April, the White House…
Business LNP - Trump closes key trade loophole, impacting Shein, Temu orders
President Trump signed an executive order on Wednesday, July 30, ending the de minimis trade loophole that allows for low-value goods to be shipped to the U.S.…
Business LNP - John Keells responds to claims over BYD vehicle imports
In response to recent media reports and rising public concern over a consignment of BYD electric vehicles imported into Sri Lanka, John Keells CG Auto (Pvt)…
Business LNP - Sri Lanka’s exports to US surpass USD 250 million in June as Trump tariffs loom
Sri Lankan exports to the United States have increased in the month of June as the new 30% tariff rate announced by US President Donald Trump is set to take…
Business LNP - U.S. dispatches crude oil samples , but won’t reach Sri Lanka before August 1
In its bid to start fuel sale to Sri Lanka as part of efforts to reduce the trade gap, the U.S. has dispatched samples of its crude oil to be tested for…
Business LNP - Japan agrees to continue granting scholarships to Sri Lankan public sector workers
The government of Japan has signed an agreement to continue its scholarship programme for executive-level government officials in Sri Lanka. Since 2010, the…
Business LNP - X-Press Pearl Disaster: SC orders shipping company to pay US$1 bln in compensation
The Supreme Court of Sri Lanka today (24) ordered a shipping company to pay US$1 billion in compensation for the environmental and economic damage caused due…
Business LNP - No decision taken to curtail vehicle imports – CBSL Governor
Neither the Central Bank of Sri Lanka (CBSL) nor the government has taken any decision to impose restrictions on vehicle imports at present, the Governor of…
Business LNP - Gita Gopinath, No.2 in IMF to quit in August; Successor to be named soon
Gita Gopinath, the second-in-command at the International Monetary Fund (IMF), will step down at the end of August to return to her position at Harvard…
Business LNP - ASPI records new all-time high
The All Share Price Index (ASPI) of the Colombo Stock Exchange (CSE) closed at an all-time high after gaining over 70 points today. Accordingly, the ASPI rose…
Business LNP - State revenue up by nearly 20% in first five months of 2025
The state revenue has surged to Rs. 1,942.36 billion during the first five months of 2025, marking a 19.95% increase in comparison to the figures from the same…
Business LNP - EU warns of ‘grant scam’ targeting young Sri Lankan entrepreneurs
The European Union in Sri Lanka and the Maldives has issued an alert warning of a scam by an individual impersonating an official from the European Union (EU),…
Business LNP - Sri Lanka’s Central Bank imposes new caps on vehicle loan ratios
In a decisive move to strengthen macroprudential policy and mitigate systemic financial risks, the Central Bank of Sri Lanka (CBSL), acting as the…
Business LNP - Sri Lankan delegation to visit U.S. for trade talks
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,…
Business LNP - Gen Z delays parenthood over economic hardships
By Huzefa Aliasger Gen Z, the generation born between 1997 and 2012, is in the habit of postponing child births due to economic barriers such as rising living…
Business LNP - CBSL to launch ‘Anti-Pyramid National Awareness Week’ tomorrow
The Financial Consumer Relations Department of the Central Bank of Sri Lanka (CBSL) will launch the ‘Anti-Pyramid National Awareness Week’ from July 14 to July…
Business LNP - ASPI surpasses 18,500 for first time ever
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…
Business LNP - Trump Tariff: Exports volume will reduce but real challenge is rates of Sri Lanka’s competitors – expert
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…