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In the wake of Sri Lanka facing headwinds in its export growth because of U.S. tariffs and GSP+, it is now poised to encounter further challenges to overcome in accessing the European Union market because of new laws that will come into effect after 2027, according to a German expert.
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Confidence in Sri Lanka’s financial system has improved in the short term but concerns over medium-term risks persist, with the market participants flagging global economic and geopolitical tensions as the biggest threats, the Central Bank of Sri Lanka (CBSL) said in its latest systemic risk survey.
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The National Chamber of Exporters of Sri Lanka (NCE) has submitted a comprehensive package of proposals for the upcoming national budget, calling for bold reforms to strengthen the export sector, attract investment and enhance the country’s global competitiveness.
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Gross domestic product (GDP), the value of the total goods and services produced by the economy, in the second quarter of 2025 rose by a robust 4.9 percent. This is a pickup from the 4.8 percent growth seen in the first quarter, reflecting the persistent strength in the economy for the last eight quarters straight, since the economy broke the declining spiral two years ago.
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UAE beat Oman by 42 runs in Abu Dhabi in the first of the twin Asia Cup clashes on Monday (15). The result meant that India secured a place in the Super Four with a match in hand while making the UAE-Pakistan clash on September 17 a virtual knockout.
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Sri Lanka Podujana Peramuna (SLPP) MP Namal Rajapaksa, responding to media questions today, condemned reports regarding two containers of raw materials allegedly intended for the production of “ICE” (Crystal Methamphetamine), which had left the port after being detected by the security forces.
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The interim circular on the admission of children was issued late because the Ministry was working to resolve multiple issues while formulating the new policy, with the aim of minimising pressure on the children, Education Minister Dr. Harini Amarasuriya said.
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The Colombo Stock Exchange (CSE) ended sharply lower on Monday, extending its negative run and delivering a weak start to the week. The ASPI fell 257.01 points (-1.25%) to close at 20,355.39, while the S&P SL20 declined 74.28 points (-1.26%) to 5,798.84.
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The Public Utilities Commission of Sri Lanka (PUCSL) has announced a public consultation on the proposed third electricity tariff revision for the fourth quarter of 2025, submitted by the Ceylon Electricity Board (CEB).
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The Magampura Port Management Company has failed to settle US dollars 18.82 million (Rs. 6,836 million) out of the US dollar 24 million loan obtained from a private bank under a Corporate Guarantee of the Sri Lanka Ports Authority (SLPA), a Parliamentary Committee reveals.
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Sampath Manamperi, who is wanted in connection with the discovery of two containers of chemicals suspected to be used in the manufacture of the drug “Ice” in the Middeniya area, today informed the Court of Appeal through his lawyer that he intends to surrender before the Magistrate’s Court.