LNP - US tariff reduction on Sri Lankan exports welcomed: Harsha

2025-08-01   |   Business

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 w...

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LNP - Trump closes key trade loophole, impacting Shein, Temu orders

2025-07-31   |   Business

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...

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LNP - John Keells responds to claims over BYD vehicle imports

2025-07-30   |   Business

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...

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LNP - Sri Lanka’s exports to US surpass USD 250 million in June as Trump tariffs loom

2025-07-28   |   Business

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 t...

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LNP - Japan agrees to continue granting scholarships to Sri Lankan public sector workers

2025-07-24   |   Business

The government of Japan has signed an agreement to continue its scholarship programme for executive-level government officials in Sri Lanka. Since 201...

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LNP - X-Press Pearl Disaster: SC orders shipping company to pay US$1 bln in compensation

2025-07-24   |   Business

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 cau...

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LNP - No decision taken to curtail vehicle imports – CBSL Governor

2025-07-23   |   Business

Neither the Central Bank of Sri Lanka (CBSL) nor the government has taken any decision to impose restrictions on vehicle imports at present, the Gover...

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LNP - State revenue up by nearly 20% in first five months of 2025

2025-07-21   |   Business

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...

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LNP - EU warns of ‘grant scam’ targeting young Sri Lankan entrepreneurs

2025-07-19   |   Business

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 Un...

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LNP - Sri Lankan delegation to visit U.S. for trade talks

2025-07-16   |   Business

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 ...

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

2025-07-11   |   Business

The reduction in US reciprocal tariff on exports from Sri Lanka to 30% from previously announced 44% is positive news for local businesses, however th...

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

2025-07-10   |   Business

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...

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LNP - Indian Defence Ministry Company set to anchor strategic influence in Colombo Port

2025-07-01   |   Business

India is poised to secure another strategic investment in Sri Lanka with plans by its public sector company under the Indian Defence Ministry, 'Mazaga...

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LNP - 500,000 students and 150,000 teachers to benefit from World Bank education funding

2025-06-27   |   Business

An estimated 500,000 students and 150,000 teachers across Sri Lanka are set to benefit from a new $50 million additional financing package approved by...

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LNP - Hundreds of vehicles stranded as Sri Lanka Customs enforces decade-old import rule

2025-06-26   |   Business

Hundreds of vehicles are stranded at the port, with hundreds more on the way, after Sri Lanka Customs abruptly halted the clearance of vehicles import...

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LNP - MR, Maithri, Ranil, Basil, others involved in USD 110 million cattle import scam: MP

2025-06-19   |   Business

Former Presidents Mahinda Rajapaksa, Maithripala Sirisena, Ranil Wickremesinghe, former Ministers Basil Rajapaksa, P. Harrison, Wijith Wijithamuni de ...

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LNP - Over 73,000 new vehicle registrations recorded following relaxation of imports: DMT

2025-06-19   |   Business

Following the recent relaxation of vehicle imports, the Department of Motor Traffic (DMT) announced today that a total of 73,489 new vehicle and elect...

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LNP - Oil soars more than 6% after Israel’s strike on Iran alarms market

2025-06-13   |   Business

Oil prices jumped more than $4 a barrel on Friday, hitting their highest price in almost five months after Israel struck Iran, dramatically escalating...

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LNP - Valaichchenai Paper Mill now generating profit: Handunneththi

2025-06-09   |   Business

The state-owned Valaichchenai Paper Mill is currently operating at a profit, according to Minister of Industry and Entrepreneurship Development Sunil ...

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LNP - Businessman penalised for selling expired medicines

2025-06-08   |   Business

A businessman has been handed a suspended six-month prison sentence and fined Rs. 10,000 after being found guilty of displaying expired medicines for ...

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LNP - Coconut harvest to drop further this year, imports to continue

2025-06-07   |   Business

The Coconut Research Institute has forecast a further decline of 250 million nuts crop for the first half of 2025 harvest during the first half of thi...

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LNP - Sugar importers warn against tax hike

2025-06-06   |   Business

The sugar importers have urged President and Finance Minister Anura Kumara Dissanayake not to increase the existing sugar import tax, warning that it ...

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LNP - Govt. earns Rs. 136 b from vehicle imports in 4 months

2025-06-05   |   Business

The Government has generated Rs. 136 billion in revenue from motor vehicle imports between January and April 2025.This figure includes collections fro...

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LNP - 18,000 MT of maize to be imported for ‘Thriposha’ production

2025-06-03   |   Business

The Cabinet of Ministers has granted approval to issue a permit to the Sri Lanka Thriposha Limited Company to import 18,000 metric tons of maize. Acco...

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LNP - Sri Lankan economy remains resilient supported by healthy inflows: CBSL

2025-06-01   |   Business

The external sector of the Sri Lankan economy remained resilient in April 2025, supported by healthy inflows from tourist earnings and workers’ remi...

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