Deep Cuts to Growth Forecasts as Global Trade War Escalates: Fitch Ratings
Fitch Ratings has sharply lowered its forecasts for world growth in response to the severe escalation in the global trade war. In a special update to …
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TISL Welcomes Passage of Proceeds of Crime Act: A Landmark Step in SL’s Anti-Corruption Efforts
The Proceeds of Crime Act introduces non-conviction based asset forfeiture and strengthens Sri Lanka’s legal tools for recovering illicit assets, …
IMF staff team concludes visit to SL; discussions to continue toward reaching an agreement in near term
An International Monetary Fund (IMF) team led by Evan Papageorgiou visited Colombo from April 3 to 11, 2025. After constructive discussions in …
VIDEO: Trump pauses higher tariffs for 90 days because of ‘Yippy’ Reaction but slaps China with 125-pct
President Trump announced he would impose a 125% tariff on China for retaliating against the U.S., while also announcing a 90-day pause on some …
Opinion: Sri Lanka’s Billion-Dollar Gamble for Energy Security Reshaping Global Energy Trade
By Jithendra Antonio The Hambantota Sinopec Oil Refinery - A Strategic Bet on the Future In the evolving landscape of global energy trade, few …
Sri Lanka’s growth recovery exceeded expectations but remains fragile
The Asian Development Bank’s (ADB) flagship economic publication, the Asian Development Outlook (ADO) April 2025, forecasts Sri Lanka’s …
Sri Lanka launches the new National Anti-Corruption action plan
The Commission to Investigate Allegations of Bribery and Corruption (CIABOC) has officially launched the National Anti-Corruption Action Plan (NACAP) …
Sri Lanka’s Import Constraints From US Threaten Economic Growth Outlook: Moody’s
Frontier markets such as Sri Lanka, Pakistan (Caa2 positive) and Bangladesh, which do not have the capacity to import as much from the US and whose …
Tariffs Have Mixed Fiscal Impact, Will Not Solve Underlying Challenges in US Economy, says Fitch Ratings
Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are likely to limit the size …
Sri Lanka’s March Tourist Arrivals Climb 9.62-pct Year-on-Year
Sri Lanka's tourism industry shows robust performance in early 2025, with JanuaryMarch statistics revealing significant growth. The first quarter …
Major Currencies Strengthen Against US Dollar Despite Tariffs: Fitch Ratings
The currencies of most major economies have appreciated against the US dollar since the start of 2025, despite the massive jump in US tariffs, Fitch …
Fitch Rates Commercial Bank’s Proposed Basel III Subordinated Green Bond ‘A(EXP)(lka)’
Fitch Ratings has assigned Commercial Bank of Ceylon PLC's (COMB; AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant …
Port City Colombo Champions ‘Invest Sri Lanka’ Forum 2025 In Thailand As Official Partner
Port City Colombo participated as a Platinum Partner at the ‘Invest Sri Lanka’ Business Forum 2025, held on 3rd April, 2025 in Bangkok, Thailand. …
CEAT’s share in Sri Lanka’s Original Equipment tyre market tops 90-pct
Six years after it entered into its first Original Equipment Manufacturer (OEM) partnership in Sri Lanka, CEAT Kelani Holdings has grown into a …
Sri Lanka, IMF Discuss EFF Progress, US Tariff Impact
A meeting between President Anura Kumara Disanayake and an International Monetary Fund (IMF) delegation concluded successfully today, April 7, 2025, …
Ripple Effects: How US Trade Policies Cast a Long Shadow Over Sri Lanka and Beyond
By Uddeepa Peiris MBA, PDGBA, Bcom(Sp), RIA, ACPM, CMA (Passed Finalist),ASA (CPA) Introduction In an interconnected global economy, the trade …
IMF Warns of “Significant Risk” to Global Economy Following US Tariffs
The International Monetary Fund (IMF) has issued a stark warning regarding the potential impact of newly announced U.S. tariffs on the global …
‘Liberation Day’ Takes US Tariff Rate Back to Level Last Seen in 1909: Fitch Ratings
US tariffs have reached levels that are transforming the global economic outlook, significantly raising US recession risks and constraining the …
Ceylon Chamber Expresses Deep Concern over US Tariffs
The Ceylon Chamber of Commerce expresses deep concern over the imposition of a 44% tariff on Sri Lankan exports to the United States (US). With the …
Implications of 44-pct US Tariff on SL Trade & Strategic Response: Assessing Economic Impact
By Dr Gayan GunewardanaBSc, MBA, GARF/FRM, CIMA/CGMA, AIB, Ph.D. Introduction The imposition of a 44% reciprocal tariff by the U.S. on Sri …
Sri Lanka’s Apparel industry responds to new U.S. tariffs; Engages Government on way forward
Sri Lanka’s apparel industry has expressed its concern over the Reciprocal Tariff policy announced by the U.S regime earlier today. The new tariffs …
MEDIQUIPMENT powers Sri Lanka’s healthcare with South Asia’s first AI-powered radiology equipment
MEDIQUIPMENT Limited, a leading provider of cutting-edge medical technology, has once again redefined healthcare standards in Sri Lanka with the …
Celebrating progress and partnerships: EZVIZ’s new product launch in Sri Lanka
EZVIZ, a global leader in smart home security solutions, proudly hosted its event, ‘EZVIZ: LEADING SMART HOME EMPOWERMENT 2025’ at Cinnamon Life …
Strengthening Sri Lanka’s reputation for responsible sourcing
Sri Lanka’s apparel industry has long been held up as a leader in ethical manufacturing, and that reputation has been further validated by a strong …