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Sri Lanka will not retaliate against U.S. tariff hike: Presidential Advisor

Sri Lanka, July 10 -- The Government has no plans to retaliate by increasing tariffs on U.S. goods in response to the 30 percent tariff currently imposed on Sri Lankan exports, Senior Advisor to the P... Read More


Sri Lanka among nations receiving highest U.S. tariff cuts

Sri Lanka, July 10 -- Sri Lanka has been identified as one of the countries to receive the highest tariff reductions from the United States among the nations involved in recent trade negotiations, Fin... Read More


US tariff hits SL at 30%

Sri Lanka, July 10 -- The United States will impose a 30 percent tariff on all goods exported from Sri Lanka starting 1 August, softening its earlier proposal of a 44 percent levy announced in April u... Read More


Doctors afraid to prescribe medicines from private pharmacies, delaying vital surgeries

Sri Lanka, July 10 -- Doctors in leading state hospitals are showing reluctance to prescribe medicines, surgical items to be purchased from private or third parties in light of the recent allegations ... Read More


Sri Lankan apparel brands demand 300-400% CESS hike to combat 'cheap' imports

Sri Lanka, July 10 -- Sri Lanka's domestic clothing brands are calling for a drastic 300 to 400 percent increase in the Commodity Export Subsidy Scheme (CESS) levy on the imported apparel, arguing it ... Read More


Industry leader warns of "digital isolation" as new VAT threatens to derail Sri Lanka's ICT sector

Sri Lanka, July 10 -- With Sri Lanka's new 18 percent Value Added Tax (VAT) on foreign digital services now a settled policy taking effect this October, focus has sharply shifted to its potential econ... Read More


Power monopoly threatens reform gains, Advocata cautions

Sri Lanka, July 10 -- Sri Lanka risks reversing the crucial energy reforms, unless it holds the line on the 2024 Electricity Act, the Advocata Institute cautioned yesterday, calling on the government ... Read More


NWSDB urges public to conserve water amid prevailing dry weather

Sri Lanka, July 9 -- The National Water Supply and Drainage Board (NWSDB) announced of water supply interruptions in several areas as a result of the ongoing severe dry weather. The NWSDB said that w... Read More


Showdown in Parliament over summoning MPs to CID

Sri Lanka, July 9 -- Parliament went into chaos after some Members of Parliament complained that they have been summoned by the Criminal Investigation Department (CID) over remarks they have made on t... Read More


Transport Minister apologises for Jaffna intercity train service disruption

Sri Lanka, July 9 -- Transport Minister Bimal Rathnayake today apologised to passengers inconvenienced by the failure to operate the Mount Lavinia-Jaffna Intercity Express train daily as scheduled fro... Read More