Trump’s tariff shock wipes out Rs. 435 bn from CSE in three days
The latest import tariff measures introduced by US President Donald Trump on April 2 have triggered a global economic crisis, sending shockwaves through financial markets around the world.
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Sri Lanka records nearly 230,000 tourist arrivals in March
Sri Lanka has welcomed 229,298 tourists in the month of March, the Sri Lanka Tourism Development Authority (SLTDA) confirmed.
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Sri Lanka central bank buys US$401mn from banks in March 2025
Sri Lanka’s central bank bought 401.9 million US dollars in March 2025, after weak collections in the previous two months amid a credit spike, official data shows.
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HNB abandons Bangladesh move
Hatton National Bank has decided to not proceed with the acquisition of the Bangladesh operations of Bank Alfalah. The decision was made at a special meeting of the HNB Board on 2 April.
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Browns buys 37.6% stake in Tea Smallholder Factories for Rs. 395 m from JKH
Move triggers SEC Takeovers and Mergers Code at Rs. 35 per share;
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Some 50,000 kgs shrimp meant for destruction found heading to market
A stock of 50,000 kilograms of large shrimp, previously recommended for destruction, was discovered stored in two containers and being transported to the Peliyagoda Fish Market Complex, allegedly to be sold to the public.
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No takers for Sri Lanka treasury bills offered on tap
There were no subscriptions for Sri Lanka treasury bills offered on tap at average rates of 7.59%, 7.91%, and 8.31% the state debt office said.
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Cargills Bank reassures customers over hacking incident
Cargills Bank yesterday reassured customers and stakeholders over the recent cyber security infringement.
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Sri Lanka tourism sector records new high in Q1 2025
Sri Lanka’s tourism sector is riding a wave of growth in 2025, drawing over 722,000 visitors at the end of first quarter,
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President appoints expert panel to evaluate US tariff impact, propose solutions
President Anura Kumara Dissanayake has appointed a high-level committee to analyze the potential economic impact of the newly imposed
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