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The Colombo Stock Exchange (CSE) extended its losses as uncertainty over global tariff negotiations continued to weigh on investor sentiment. The latest U.S. tariff impositions have triggered widespread economic turbulence, further dampening the Sri Lankan market.
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The Government of Sri Lanka today reaffirmed its strong commitment to deepening economic relations with the United States, as concerns mount over a newly proposed 44% reciprocal trade tariff that could impact Sri Lanka’s $3 billion annual exports to the U.S.
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Only foreign tourists residing in star-class hotels are entitled to be served or to purchase alcoholic beverages during the two dry days of April 13–14, during this Sinhala and Tamil New Year, as ordered by the Department of Excise.
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The National Police Commission (NPC) has cancelled the recent transfer of the Officer-in-Charge (OIC) of the Bingiriya Police Station, which had been ordered by the Acting Inspector General of Police (IGP) without prior approval from the Commission or the Elections Commission.
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The Supreme Court today dismissed 53 writ petitions and six fundamental rights petitions filed by various political parties and independent groups challenging the rejection of nomination papers submitted for the Local Government elections.
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Referring to the United States’ recent decision to impose reciprocal tariffs on Sri Lankan goods, Minister of Industry and Entrepreneurship Development Sunil Handunneththi voiced strong concern, describing the move as both unexpected and damaging to the country’s economic ambitions.
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The Supreme Court rejected a bail application filed on behalf of Harsha Ilukpitiya, the former Controller General of Immigration and Emigration. He has been in remand custody for nearly six months due to contempt of court proceedings.
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The International Monetary Fund (IMF) has appealed to the United States and its trading partners to work constructively to resolve trade tensions and reduce uncertainty due to the reciprocal tariff imposed by the US.
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Asian Football Confederation (AFC) President Shaikh Salman bin Ebrahim Al Khalifa said that steps will be taken, in conjunction with the Sports Ministry, to provide Sri Lanka with an international football stadium featuring modern facilities to promote the sport.
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Secretary to former Minister of Indigenous Medicine was further remanded today till April 8 by Colombo Chief Magistrate Thanuja Lakmali over an alleged bribery offense involving the issuing of an Ayurvedic medical registration certificate.
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In the wake of the reciprocal tariff imposed by US President Donald Trump, SJB MP Dr. Harsha De Silva urged the government to suspend next week’s scheduled amendment on SVAT removal for exporters as an urgent relief until things settle.
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A written notice has been sent to the President’s Secretary and the Secretary of the Ministry of Trade, Commerce, Food Security and Cooperative Development by the Election Commission requesting for steps to provide the seasonal food package after the Local government elections.