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Traditional JVPers who stood for socialism should not be silent spectators on the signing of the proposed Defence Pact with India, Front Line Socialist Party (FLSP) which is a breakaway group of JVP said yesterday.
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The best and only solution to the new tax rate imposed by the US is to either completely remove the taxes we have placed on them or reduce our tax rate to 6%, said Sarath Kalugamage, Executive Officer of the Ratata Hetak Organisation.
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The Colombo Rubber Traders Association (CRTA) joined the bandwagon in expressing deep concern about the recent imposition of a 44 percent blanket tariff by the United States on all imports from Sri Lanka and said it is particularly worried on the “devastating impact” it would have on Sri Lanka’s natural rubber industry.
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One of the three main revenue-generating arms of the country and the competent authority regulating the liquor industry, the Excise Department of Sri Lanka has earned a record revenue of Rs.61 billion during the first quarter of this year.
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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.
3
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.