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NSBM Green University partners with American University, USA
Her Excellency Julie J. Chung, U.S. Ambassador to Sri Lanka “It is a proud moment to witness this partnership between American University and NSBM Green University—a powerful reflection of the enduring ties between the United States and Sri Lanka. The United States continues to attract the brightest minds and foster innovations that shape the future. […]
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 significant contributor of value addition to the country’s burgeoning automobile assembly industry. Locally-manufactured CEAT tyres are now original equipment in 11 brands of vehicles rolling off assembly lines in Sri Lanka, ranging […]
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, at the Presidential Secretariat. The discussions centered on the preliminary review of the fourth tranche of Sri Lanka’s Extended Fund Facility (EFF) arrangement. The primary focus involved assessing Sri Lanka’s progress under the IMF-supported program […]
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 policies of major powers like the United States have far-reaching consequences. While geographically distant, Sri Lanka—along with numerous other emerging markets—finds itself vulnerable to the shifting tides of US trade strategies. This article delves into […]
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 economy. In a statement released today, IMF Managing Director Kristalina Georgieva expressed concern over the measures, highlighting the potential for increased economic instability. “We are still assessing the macroeconomic implications of the announced […]
‘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 Federal Reserve’s ability to lower interest rates further, says Fitch Ratings. The “Liberation Day” tariff increases outlined by the US government on 2 April sharply exceeded the already steep rises assumed in our March 2025 Global […]
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 US accounting for approximately USD 3 billion in exports and 25% of Sri Lanka’s total merchandise export, this development poses a significant challenge to the country’s trade and economic […]
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 Lankan exports, particularly on key sectors such as apparel, has introduced significant risks to the country’s export-driven economy. As the U.S. represents over 40% of Sri Lanka’s apparel export market, this steep tariff increase is […]
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 proposed could significantly disrupt the country’s largest export sector and put thousands of jobs at risk. Following an announcement by U.S. President Donald Trump on April 2, a 10% baseline tariff on […]
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 successful installation of South Asia’s first-ever Artificial Intelligence-driven (AI) Magnetic Resonance Imaging (MRI) scanner at Nawaloka Hospitals PLC. This milestone reflects MEDIQUIPMENT’s unwavering commitment to advancing medical diagnostics by equipping healthcare providers with the most […]