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The United States yesterday”s announcement of a 30% tariff on Sri Lankan imports marks a significant blow to the country’s export sector, with estimated losses projected between USD 1.2 to 1.5 billion over the next 12 months. However, former Ambassador Kananathan has emphasized that this development should serve not just as a setback but as a critical turning point.
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The government has taken a decisive step towards enhancing support services for children with autism spectrum disorder (ASD) and other neurodevelopmental conditions, with plans to establish a national network of specialised daycare and therapy centres.
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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 President Duminda Hulangamuwa said.
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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, Finance Ministry Secretary Harshana Suriyapperuma announced.
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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 made against Dr. Maheshi Wijeratne, a leading neurosurgeon, informed sources said.
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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 is a critical step to ensure the survival and competitiveness of the local industry in its own market.
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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 economic fallout.
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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 to reaffirm its commitment to overhauling the power sector.
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Opposition Parliamentarian D. V. Chanaka told Parliament yesterday that the investigation into the Easter Sunday’s attack is being handled by two officers who had allegedly ignored over 90 prior warnings on the attack. Investigations on Easter Sunday attacks are handled by officers who face allegations, opposition MP D. V. Chanaka told Parliament today.
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Samagi Jana Balawegaya (SJB) MP Hector Appuhamy said the government must reveal whether dollars in the country’s reserves will be used to pay for Bollywood star Shahrukh Khan, who is to arrive in Sri Lanka to open a casino.
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The Colombo Stock Exchange continued its upward momentum on Wednesday, with the benchmark All Share Price Index (ASPI) gaining 129.37 points (+0.72%) to close at 18,161.49, supported by strong retail participation and positive sentiment across key counters.