Category: Other
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 (UNDP). The report shows how Artificial Intelligence (AI) could reignite development. Instead of seeing sustained recovery following the period of exceptional crises of 2020-2021, the report reveals unexpectedly weak progress. Excluding those crisis years, […]
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 Francis to be held on 26 April 2025 in Saint Peter’s Square, Vatican City. Ministry of Foreign Affairs, Foreign Employment and Tourism Colombo
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 quarterly Global Economic Outlook, Fitch has cut world growth in 2025 by 0.4pp and China and US growth by 0.5pp from the March edition. US annual growth in […]
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 those held abroad. The law shifts the burden of proof, enabling more effective recovery of stolen wealth and aligning Sri Lanka’s legal framework with international standards. TISL highlights the law’s focus on asset recovery […]
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.
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 lasting fiscal benefit, Fitch Ratings says. Stabilizing US debt/GDP will be challenging as long as long-term spending pressures remain unaddressed. The tariffs announced on April 2 […]
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 was organised by the Embassy and Permanent Mission of Sri Lanka in Thailand in collaboration with the Thai-Sri Lanka Chamber of Commerce. The aim of this premier occasion was […]
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 […]
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 […]
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. The event brought together esteemed partners, distributors, and stakeholders to celebrate their remarkable journey in Sri Lanka, express gratitude to their valued partners, and unveil the latest innovations designed specifically for […]
& 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 design, and multiple use case options for enhanced productivity and entertainment. The brand’s first lineup of 2025 not only caters to a new segment but also makes AI more accessible than […]