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SL Economy Outpaces Growth Projections, More Efforts Needed to Reduce Poverty, Boost Growth: WB

Sri Lanka, April 23 -- Sri Lanka's economy has made a remarkable recovery in 2024, surpassing growth expectations by recording 5 percent growth, compared to the projected 4.4 percent, says the World B... Read More


Fitch Assigns Siyapatha Finance's Proposed Senior Debt 'A(EXP)(lka)' Rating

Sri Lanka, April 23 -- Fitch Ratings has assigned Siyapatha Finance PLC's (A(lka)/Stable) proposed Sri Lankan rupee-denominated senior unsecured debentures of up to LKR5 billion an expected National L... Read More


Wealthy Minds Social media platform: Caution issued by the SEC

Sri Lanka, April 20 -- Type of enforcement action Caution 04th April 2025 Name of Party Wealthy Minds Academy (Private) Limited and its two (2) Directors: 1. Mr. Rajapaksha Dunuge Kavinda Harith ... Read More


Opinion: Exposure to US tariffs through Global Value Chains in Asia & Pacific

Sri Lanka, April 18 -- On 2 April 2025, the United States introduced a two-tier tariff regime comprising a 10 per cent universal baseline tariff and elevated country-specific tariffs of up to 50 per c... Read More


Deep Cuts to Growth Forecasts as Global Trade War Escalates: Fitch Ratings

Sri Lanka, April 17 -- 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 Econom... Read More


TISL Welcomes Passage of Proceeds of Crime Act: A Landmark Step in SL's Anti-Corruption Efforts

Sri Lanka, April 11 -- 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. T... Read More


VIDEO: Trump pauses higher tariffs for 90 days because of 'Yippy' Reaction but slaps China with 125-pct

Sri Lanka, April 10 -- 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. YouTube An error occurr... Read More


Opinion: Sri Lanka's Billion-Dollar Gamble for Energy Security Reshaping Global Energy Trade

Sri Lanka, April 10 -- By Jithendra Antonio The Hambantota Sinopec Oil Refinery - A Strategic Bet on the Future In the evolving landscape of global energy trade, few moves are as audacious as Sri La... Read More


Tariffs Have Mixed Fiscal Impact, Will Not Solve Underlying Challenges in US Economy, says Fitch Ratings

Sri Lanka, April 9 -- 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,... Read More


Sri Lanka's March Tourist Arrivals Climb 9.62-pct Year-on-Year

Sri Lanka, April 9 -- Sri Lanka's tourism industry shows robust performance in early 2025, with JanuaryMarch statistics revealing significant growth. The first quarter recorded 722,276 tourist arrival... Read More