Sri Lanka’s GDP could decline by up to 1.5 percent if the United States reinstates a 44 percent tariff on Sri Lankan exports and lowers tariffs on competitor trading partners, according to an IMF country report.
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Russia on Thursday became the first country to formally recognise the Taliban’s government in Afghanistan since it seized power in 2021, after Moscow removed the group from its list of outlawed organisations.
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President Donald Trump said Washington will start sending letters to countries on Friday specifying what tariff
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Former Minister S.M. Chandrasena was arrested by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) a short while ago.
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Netherlands and Sri Lanka have agreed to conduct joint research on colonial-era artefacts at a discussion held
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The US will charge a 20 percent tax from Vietnam on imports and the country will also be able to ‘transship’ goods to America at 40 percent, President Donald Trump has said in a social media post.
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Bangladesh’s ousted and self-exiled Prime Minister Sheikh Hasina was sentenced to six months in prison by the country’s International Crimes Tribunal on Wednesday in a contempt of court case, a top prosecutor said.
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Indictments have been served before the Colombo High Court on Yoshitha Rajapaksa and his grandmother Daisy Forest over allegations of money laundering involving Rs. 73 million. .
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“The Executive Board of the International Monetary Fund (IMF) completed the Fourth review under the 48-month Extended Fund Facility (EFF) Arrangement,
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Sri Lanka is working on starting e-invoices which will be directly linked to the tax office to digitalize the value added tax payments, Deputy Minister of Economic Development Anil Jayantha Fernando said.
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