On 2 April 2025, the United States introduced a two-tier tariff regime comprising a 10 per cent universal baseline tariff and ...

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 ...

The Proceeds of Crime Act introduces non-conviction based asset forfeiture and strengthens Sri Lanka’s legal tools for ...

An International Monetary Fund (IMF) team led by Evan Papageorgiou visited Colombo from April 3 to 11, 2025. After ...

Six years after it entered into its first Original Equipment Manufacturer (OEM) partnership in Sri Lanka, CEAT Kelani ...

Her Excellency Julie J. Chung, U.S. Ambassador to Sri Lanka “It is a proud moment to witness this partnership between ...

The currencies of most major economies have appreciated against the US dollar since the start of 2025, despite the massive ...

Frontier markets such as Sri Lanka, Pakistan (Caa2 positive) and Bangladesh, which do not have the capacity to import as much ...

President Trump announced he would impose a 125% tariff on China for retaliating against the U.S., while also announcing a 90 ...

Sri Lanka's tourism industry shows robust performance in early 2025, with JanuaryMarch statistics revealing significant ...

By Uddeepa Peiris Introduction In an interconnected global economy, the trade policies of major powers like the United States ...

Tariff revenues will help narrow the US budget deficit in 2025, but the hit to economic growth and additional tax cuts are ...