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World News | Indian Firms Looking to Expand Abroad Have Good Chance in Sri Lanka: ITC Chief

World News | Indian Firms Looking to Expand Abroad Have Good Chance in Sri Lanka: ITC Chief

Colombo, Jul 6 (PTI) Indian companies looking to expand abroad have a good chance in Sri Lanka due to the island nation's proximity, ITC Group Chief Executive Sanjiv Puri said. “I can tell you that Indian companies are particularly coming to Sri...

COTTON USA™ and JAAF Sri Lanka Host Roundtable to Strengthen U.S. Cotton–Sri Lanka Textile Ties

COTTON USA™ and JAAF Sri Lanka Host Roundtable to Strengthen U.S. Cotton–Sri Lanka Textile Ties

Cotton Council International (CCI), in partnership with the Joint Apparel Association Forum Sri Lanka (JAAFSL), hosted a high-level industry roundtable in Colombo to explore the role of U.S. cotton in advancing Sri Lanka’s textile and apparel...

Hilton Named Best Workplace in Sri Lanka

Hilton Named Best Workplace in Sri Lanka

Hilton has been named the Best Workplace in Sri Lanka™ 2025 by Great Place to Work®, earning the top position in the large-sized business category for the first time. This achievement follows four consecutive years as Sri Lanka’s top hospitality...

JAAF says India may get lower than Sr Lanka Trump tariff

JAAF says India may get lower than Sr Lanka Trump tariff

ECONOMYNEXT – Sri Lanka will engage with the United States to explore possibilities of reducing the 30 percent reciprocal tariff with open mind and genuine intentions, officials said, amid looming adverse impact on the island nation’s top foreign...

Tanvir’s five-for powers Bangladesh to crucial win in Sri Lanka

Tanvir’s five-for powers Bangladesh to crucial win in Sri Lanka

Bangladesh bounced back in style to level the three-match ODI series against Sri Lanka with a thrilling 16-run victory in Colombo on Saturday. Tanvir Islam delivered a career-best performance, taking his maiden five-wicket haul and breaking Sri...

Trump Tariffs Cloud Sri Lanka’s Exports as Hopes for Relief Hang in Balance

Trump Tariffs Cloud Sri Lanka’s Exports as Hopes for Relief Hang in Balance

By: Staff Writer July 06, Colombo (LNW): Sri Lanka’s efforts to avoid being caught in the crosshairs of U.S. trade tensions remain uncertain after former U.S. President Donald Trump revealed he had signed 12 tariff-related letters, with their...

Sri Lanka Reschedules €30M Debt with Hungary amid Financial Stability Efforts

Sri Lanka Reschedules €30M Debt with Hungary amid Financial Stability Efforts

As Sri Lanka continues to grapple with its worst economic crisis in decades, the country has taken another step forward in managing its crippling debt burden. In a significant development, Sri Lanka signed a bilateral agreement with Hungarian...

IMF offers Sri Lanka immediate access to $350 mn

IMF offers Sri Lanka immediate access to $350 mn

Though Sri Lanka’s economic outlook remains positive, global trade policy uncertainties pose significant risks to its macroeconomic and social stability, according to the International Monetary Fund (IMF), which recently offered the country...

16th Intex: A Resounding Success for the Textile & Apparel Industry of Bangladesh

16th Intex: A Resounding Success for the Textile & Apparel Industry of Bangladesh

The 16th edition of Intex was held from 25 to 27 June 2025 at the International Convention City Bashundhara (ICCB), Dhaka, Bangladesh concluded on a high note, marking yet another successful chapter in South Asia’s premier international textile...

Sri Lanka and Japan hold Economic Cooperation Policy Dialogue

Sri Lanka and Japan hold Economic Cooperation Policy Dialogue

Sri Lanka and Japan yesterday held the Economic Cooperation Policy Dialogue for the first time under the new NPP Government. The visiting Japan Ministry of Foreign Affairs Assistant Minister/Director-General, International Cooperation Bureau...

Sri Lanka still in negotiations with Sinopec over tax holiday, local sales

Sri Lanka still in negotiations with Sinopec over tax holiday, local sales

ECONOMYNEXT – Sri Lanka is still under negotiations with China’s Sinopec over tax holiday and local sales in an already inked $3.7 billion refinery deal in Hambantota, Deputy Industries Minister Chathuranga Abeysinghe said. The island nation...

EU-Backed Project Powers Greener Future for Sri Lanka’s Industrial Sector

EU-Backed Project Powers Greener Future for Sri Lanka’s Industrial Sector

By: Staff Writer July 03, Colombo (LNW): Sri Lanka’s energy-intensive industrial sector is receiving a major boost in its journey toward sustainability through a European Union (EU)-funded initiative aimed at combating climate change and promoting...

New taxes, shipping bans drive up prices for online shoppers in Pakistan

New taxes, shipping bans drive up prices for online shoppers in Pakistan

ISLAMABAD - Pakistani customers are facing higher charges on buying online products following a 5 percent digital tax has been imposed on all foreign online purchases from July this year, and Pakistani customs have also banned cheap shipping...

Iran hosting and protecting Al Qaeda leadership, says UK

Iran hosting and protecting Al Qaeda leadership, says UK

Intelligence officials in the UK believe that Iran is hosting the headquarters of Al Qaeda, giving the terrorist leadership a lifeline after years of setbacks. “The transactional arrangement between Iran and the senior leadership of Al Qaeda is...

Trump threatens 50% tariff on Brazil over Bolsonaro trial, targets copper imports

Trump threatens 50% tariff on Brazil over Bolsonaro trial, targets copper imports

Washington DC [US], July 10 (ANI): US President Donald Trump has threatened to impose a 50% tariff on Brazilian imports starting August 1, accusing President Luiz Inacio Lula da Silva of conducting a "Witch Hunt" against former President Jair...

Sri Lanka’s digital economy targets 5x growth: Dr. Hans Wijayasuriya

Sri Lanka’s digital economy targets 5x growth: Dr. Hans Wijayasuriya

Keynote Speech by Chief Adviser to the President on Digital Economy Dr. Hans Wijayasuriya at Sri Lanka’s first-ever Data Privacy and Protection Summit 2025 organised by CICRA Holdings and Daily FT yesterday in Cinnamon Lakeside Colombo – Pix by...

Trump Tariff Comments Trigger Oil Price Decline

Trump Tariff Comments Trigger Oil Price Decline

Crude futures fell over 2% Thursday as traders reacted to fresh tariff threats from U.S. President Donald Trump, raising alarms over future oil demand in key growth markets. At 12:19 p.m. ET, Brent crude was trading down 1.80%, at $68.93 per...

17 Out-Of-Place Artifacts That Suggest High-Tech Civilizations Existed Thousands (Or Millions) Of Years Ago

Authored by Tara MacIsaac via The Epoch Times, According to our conventional view of history, humans have only walked the Earth in our present form for some 200,000 years. Much of the mechanical ingenuity we know of in modern times began to...

Sri Lanka stocks close up as US tariff announcement looms

Sri Lanka stocks close up as US tariff announcement looms

ECONOMYNEXT – Colombo’s All Share Price Index climbed a marginal 0.26 percent higher after dipping in early trade, seemingly unaffected by US president Donald Trump’s promised tariff letters, brokers said. “Market had a bit of selling pressure in...

Sri Lanka Customs earns Rs.225 mln from misclassified mandarin import

Sri Lanka Customs earns Rs.225 mln from misclassified mandarin import

ECONOMYNEXT – Colombo’s All Share Price Index climbed a marginal 0.26 percent higher after dipping in early trade, seemingly unaffected by US president Donald Trump’s promised tariff letters, brokers said. “Market had a bit of selling pressure in...

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