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Who Stands to Lose? The Effects of GSP+ Withdrawal on Sri Lanka’s Exports and Labour Force
Growing uncertainties on the future of global trade as President Trump seeks to impose reciprocal tariffs make programmes such as the European Union’s Generalised Scheme of Preferences Plus (GSP+) more significant for small exporters such as Sri Lanka. With a reported visit by EU representatives to assess GSP+, it is important to note that in […]
Second Lot of Vehicles for Domestic Market Discharged at HIP
Continuing to strengthen its role as a key automotive shipment hub, Hambantota International Port (HIP), successfully discharged the second batch of vehicles for the domestic market last week. A total of 1,159 vehicles were handled during the ship’s call, including 462 BYD vehicles designated for the Sri Lankan market. The overall operation entailed the discharge […]
Commander of the U.S. Indo-Pacific Command Admiral Samuel Paparo to visit Sri Lanka
The U.S. Embassy in Sri Lanka is pleased to announce that the Commander of the U.S. Indo-Pacific Command (INDOPACOM), Admiral Samuel J. Paparo, will travel to Colombo from March 19-21. During his visit, Admiral Paparo will engage with senior Sri Lankan government officials and military leaders to reaffirm the enduring U.S.-Sri Lankan security partnership and […]
World Growth Forecasts Cut Sharply as US Starts Global Trade War: Fitch Ratings
The new US administration has started a global trade war that will reduce US and world growth, push up US inflation and delay Federal Reserve rate cuts, Fitch Ratings believes. We have cut both our US 2025 growth forecast to 1.7% from 2.1% in the December 2024 Global Economic Outlook (GEO) and our 2026 forecast to 1.5% […]
‘s Q4 GDP Growth Hits 5.4-pct, 2024 Projected at 5.0-pct
Issuing a communiqué, on releasing National Accounts Estimates, the DCS states that the GDP growth rate for the year 2024 has been estimated as 5.0 percent of positive growth rate. Accordingly, the Gross Domestic Product for Sri Lanka for the year 2024 at constant price (2015) increased up to Rs. 12,472,469 million from Rs. 11,877,556 […]
Fortude celebrates milestones in leadership development and community impact
Fortude, a global enterprise technology solutions provider, celebrated key milestones achieved under the Guiding Leadership & Outreach (GLO) program, a pioneering leadership development initiative by the Association of HR Professionals (AHRP) and Global Learning Labs. Through a series of transformative learning experiences, Fortude has empowered aspiring leaders while extending its impact beyond corporate boundaries to […]
eChannelling Unveils AI-Powered eHospital and Health Scan at Medicare 2025
eChannelling PLC, Sri Lanka’s pioneering digital healthcare platform, showcased groundbreaking AI-powered health technologies at Medicare 2025, Sri Lanka’s largest healthcare exhibition held from February 28 to March 2, 2025, at BMICH, Colombo. As the Official Digital Healthcare Partner for Medicare 2025, eChannelling unveiled multiple innovations designed to transform healthcare accessibility and monitoring in Sri Lanka, […]
Fintrex Finance Limited Debuts Inaugural Issuance of High-Yield Bond on the CSE
Fintrex Finance Limited (FFL), a dynamic leader in the non-banking financial realm, marked a significant milestone by issuing the first-ever high-yield bond to be listed on the Colombo Stock Exchange (CSE). The bell ringing ceremony, held on Friday, 14th March 2025 at the CSE Trading Floor, symbolized the company’s dedication to carving out innovative financial […]
Sri Lanka faced rising threats of financial phishing attacks in 2024: Kaspersky Security Bulletin
Sri Lanka is increasingly vulnerable to cyberattacks targeting businesses’ financial transactions, with 9,218 incidents of financial phishing detected in 2024 alone, according to the latest Kaspersky Security Bulletin. This figure highlights the growing sophistication of cybercriminals who are targeting businesses with deceptive online tactics designed to steal sensitive financial information. Financial phishing attacks, which involve […]
Register for Free EducationUSA University Fair 2025: Helping Students Begin Their U.S. Education Journey
The U.S. Embassy in Sri Lanka, in partnership with the U.S.-Sri Lanka Fulbright Commission, is pleased to announce that EducationUSA, the U.S. government’s official source of information on U.S. higher education, will host a U.S. university fair in Colombo, Galle, and Matara from March 20-22, 2025. Students seeking admission in undergraduate, post-graduate, and doctorate programs […]