U.S Effective Tariff Rate Declines to 13% from 23% with Lower China Duty: Fitch Ratings
Fitch Ratings has updated the U.S. Effective Tariff Monitor following the Joint Statement on U.S.-China Economic and Trade Meeting in Geneva, May 12, …
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Trade War Hits Emerging Market Growth, Weaker Dollar Eases Some Risks: Fitch Ratings
Emerging-market (EM) issuers are variously exposed to direct and indirect impacts from the global trade war, Fitch Ratings says in a new report. Credit …
Human Development progress slows to a 35-year low according to UN Development Programme report
Human development progress is experiencing an unprecedented slowdown according to a new report released today by the United Nations Development Programme …
Foreign Minister to attend Pope Francis’s Funeral Mass
Minister of Foreign Affairs, Foreign Employment and Tourism Vijitha Herath will represent the Government of Sri Lanka at the funeral of His Holiness Pope …
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 its …
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, including …
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
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 of any …
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. The event …
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 …
‘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 …
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 …
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 last week. …
ASUS unveils its AI Powered: Vivobook 14 Flip, Zenbook Duo & Zenbook 14
ASUS, a Taiwanese tech giant is set to push the boundaries of innovation with its latest lineup of AI-powered laptops offering versatile performance, stunning …
Prime Minister of India Narendra Modi to undertake a State visit to Sri Lanka
The Prime Minister of India Shri Narendra Modi will be undertaking a State visit to Sri Lanka from 04 to 06 April 2025. During this visit, Prime Minister Modi …
South Asian University, New Delhi expands academic offerings and opens admissions
South Asian University (SAU), established with the vision of "Knowledge Without Borders," has announced the commencement of admissions for the 2025-26 academic …
Seafoods, Seacucumber, and Seizing Opportunity in Jaffna
By Jekhan Aruliah Mr Ganendran is from Navaly, near Manipay Jaffna. Born in 1975 to a Christian Catholic family, Ganendran had his schooling from Grade 3 to …
UK Sanctions do not assist but serve to complicate national reconciliation process in SL: FM
The Ministry of Foreign Affairs, Foreign Employment & Tourism takes note of the Press Release dated 24th March 2025, issued by the UK, Foreign …
Central Bank Issues Warning Against Pro Care Pyramid Schemes, Citing Banking Act Violations
The Central Bank of Sri Lanka has determined Pro Care (Pvt) Ltd., Shade of Procare (Pvt) Ltd have engaged in a scheme prohibited under Section 83 (C) of the …
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 …