Business LNP - Apple to shift entire US iPhone assembly to India by 2026 amid trade war
Apple plans to relocate the assembly of all iPhones destined for the United States to India as early as next year, as escalating US-China trade tensions prompt…
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Business LNP - Sri Lanka’s economy shows remarkable recovery in 2024, says World Bank
Sri Lanka’s economy has made a remarkable recovery in 2024, surpassing growth expectations by recording 5 percent growth, compared to the projected 4.4…
Business LNP - EPF net worth soars to Rs. 4.37 tn as real returns hit decade high
By Nishel Fernando Sri Lanka’s Employees’ Provident Fund (EPF), the nation’s largest retirement fund, reported a record 12.6 percent year-on-year surge in…
Business LNP - SLTB earns nearly Rs. 1.3 billion revenue in 9 days
Special bus services will continue to operate for commuters returning to Colombo after the Sinhala and Tamil New Year, according to the Transport Manager at…
Business LNP - SL ready to scrap para tariffs on imports from US
In its bid to retain access to the U.S. market in the wake of reciprocal tarrifs, Sri Lanka has proposed to do away with para tarrifs on imports from the U.S.…
Business LNP - E-filing of VAT returns mandated from July 2025
The Inland Revenue Department (IRD) says that all Value Added Tax (VAT) returns must be filed electronically from July 01, 2025. Meanwhile, manual filed…
Business LNP - Expressways generate over Rs. 100 mn revenue in 48 hours
The revenue generated from expressway tolls on 11 and 12 April has exceeded Rs. 100 million, the Road Development Authority (RDA) said. The total number…
Business LNP - Record inflow of workers’ remittances in March
The inflow of workers’ remittances to Sri Lanka in the month of March has been reported as USD 693.3 million. According to the Central Bank of Sri Lanka…
Business LNP - US has no capacity to impose its will on the rest of the world: Ranil
The U.S. does not have the economic capacity to impose its will on the rest of the world, former President Ranil Wickremesinghe said today. He said the…
Business LNP - More time needed to gauge impact of global shocks on Sri Lanka’s economy: IMF
The International Monetary Fund (IMF) says that the Sri Lankan government remains committed to program objectives and implementation is strong and commendable,…
Business LNP - US Dollar climbs above Rs. 300 for first time since September 2024
The Sri Lankan rupee has declined against the US dollar today (10), with the spot exchange rate surpassing the Rs. 300 mark for the first time since September…
Business LNP - Private sector minimum wage to be increased to Rs. 27,000
The national minimum monthly wage in the private sector will be increased to Rs. 27,000 this year, according to the budget proposals, the Ministry of Labour…
Business LNP - Cabinet approval to increase minimum wage of private sector employees
The Cabinet of Ministers has granted approval to a proposal to increase the monthly minimum wage of private sector employees from Rs. 17,500 to Rs. 27,000 with…
Business LNP - Adani Ports shares rise nearly 4% as Colombo terminal operations commence
Adani Ports and Special Economic Zone (APSEZ) shares surged 3.6% to their intraday high of Rs 1,151.95 on the BSE on Tuesday after the company officially…
Business LNP - More than 50 countries have contacted White House to start trade talks, Trump adviser says
More than 50 countries have reached out to the White House to begin trade talks, a top economic adviser to U.S. President Donald Trump said on Sunday as U.S.…
Business LNP - CSE dips again amid ongoing global trade tensions
By Almas Equities Research The Colombo Stock Exchange (CSE) extended its losses as uncertainty over global tariff negotiations continued to weigh on investor…
Business LNP - Excise earns record revenue of Rs.61Bn in 2025 first quarter
One of the three main revenue-generating arms of the country and the competent authority regulating the liquor industry, the Excise Department of Sri Lanka has…
Business LNP - Cut our tax to 6% or drop tariffs to counter US move: Kalugamage
The best and only solution to the new tax rate imposed by the US is to either completely remove the taxes we have placed on them or reduce our tax rate to 6%,…
Business LNP - China to impose 34% retaliatory tariff on all goods imported from US
China on Friday announced a slew of additional tariffs and restrictions against U.S. goods as a countermeasure to sweeping tariffs imposed by U.S. President…
Business LNP - Apparel sector in jeopardy as US slaps new reciprocal tariff
Sri Lanka’s apparel sector, the country’s largest export industry, is bracing for a major setback after the United States announced steep tariff hikes on…
Business LNP - USA Tariff slap – Significant risk to SL economy
By Dr. Kenneth De Zilva The United States yesterday announced and introduced a significant shift in its trade policy by imposing tariffs on imports, marking a…
Business LNP - Trump announces sweeping global trade tariffs - including 44% on Sri Lanka
United States President Donald Trump on Wednesday announced a sweeping set of reciprocal tariffs, imposing a baseline 10 per cent tax on all imports and…
Business LNP - Colombo’s inflation climbs to -2.6% in March
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has increased to -2.6% in March 2025, compared to…
Business LNP - Sri Lanka’s economy still vulnerable, sustaining reform momentum critical - IMF
The International Monetary Fund (IMF) says that the economic recovery is gaining momentum in Sri Lanka and that yet, the economy still remains vulnerable,…