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Trump Administration Imposes Shock 44% Tariff on Sri Lankan Imports; LKR Plummets Against USD

WASHINGTON D.C. / COLOMBO – The Trump administration today delivered a significant blow to US-Sri Lanka trade relations, announcing the immediate imposition of a hefty 44% tariff on […]

Asia needs to play smarter to win climate dollars
Extreme weather disasters are increasingly devastating South and Southeast Asia, causing billions in losses annually. Despite global responsibility for climate…
Feb 17, 2026
IMF chief Christine visits Sri Lanka (phtos)
A special delegation led by Ms. Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), arrived in Sri Lanka…
Feb 17, 2026
Electricity bill to be increased only from April 1-30 to pay retirement benefits to electricity employees.
Deputy Minister of Finance, Anil Jayantha Fernando, has stated that electricity tariffs will be reduced through a three-year long-term plan…
Feb 16, 2026
Tax reforms will modernise, boost Nigeria’s economy – G24 chief
Discover how Nigeria’s tax reforms aim to modernize the economy, boost domestic revenue, and create long-term growth, as outlined by…
Feb 15, 2026
India vs Pakistan: Eager fans brave surge in travel costs for T20 World Cup
Despite soaring travel costs and ticketing challenges, desperate Indian fans travel to Colombo for the match on Sunday.
Feb 14, 2026