Sri Lankan garment sector set to benefit following reforms to simplify imports from developing countries like Sri Lanka. On 10 July, the UK government unveiled a package of reforms to simplify imports ...

Sri Lanka’s economic future is being quietly reshaped beneath the surface of fiscal targets and IMF scorecards. As an 18% VAT on digital services takes effect and currency depreciation alters domestic ...

Criticising is always easy So long as the National People’s Power (NPP) was not in power, its leaders claimed moral high ground over other major political parties, especially those that have ruled the ...

In the conduct of negotiations for the reduction of reciprocal tariffs, the U.S. authorities have proposed some restrictive measures on trading with China, but Sri Lanka has declined to do so in ...

KUALA LUMPUR, July 12 (Xinhua) — China is willing to work with Sri Lanka to promote a strategic cooperative partnership based on sincere mutual assistance and a lasting friendship, Chinese Foreign ...

President Anura Kumara Dissanayake stated that, as a result of recent discussions with the United States, the previously imposed reciprocal tariff rate on Sri Lanka was successfully reduced from 44% ...

Combat trauma has affected soldiers throughout history, from ancient times to the modern day. The psychophysical effects of ...

We have little say about restrictions being imposed on us. Somehow we have to stand on our feet. In the far past we did have programmes that tackled poverty and enabled people to produce what we need.

EXPANSION plans in Fiji by Sri Lankan conglomerate Aitken Spence PLC through its subsidiary company Elpitiya Plantations has ...

Currently, over 50 per cent of households are burdened by debt, struggling to meet repayments amid the rising cost of living.

Interest costs declined to 80% of revenue in 2023 and to 66% in 2024, averaging 72.8%. However, this remains significantly higher than the IMF’s anticipated average of 60.3%. Interest payments were ...

United States is Sri Lanka’s largest single export destination, accounting for 23 per cent of its total merchandise exports in 2024, reports maintained adding, among the most affected sectors will ...