Maldives dismisses reports of duty-free zone talks with SL
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CNL Reporter
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June 30, 2025
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News
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Maldives
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Maldives Economic Development and Trade Minister Mohamed Saeed has dismissed media reports that his country is in discussions with Sri Lanka to develop a commercial duty free zone.
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Sri Lanka Treasury to buy dollars to settle debt and avoid second default
Now that Sri Lanka’s central bank has made a pro-cyclical rate cut as private credit is recovering reminiscent of its actions in 2015, 2018 and second half of 2019,
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Apparel Sector Eyes Growth beyond U.S. amid Tariff Concerns
Sri Lanka’s apparel industry is shifting focus to emerging and EU markets as exports to the U.S. dipped 7.59% in May 2025 due to uncertainty over potential Trump-era tariffs.
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SC holds some clauses of Electricity Amendment Bill inconsistent with Constitution
The Supreme Court (SC) held that some clauses of the Electricity Amendment Bill are inconsistent with the
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Sri Lanka achieved 70% renewable energy generation in June 2025 – CEB
Sri Lanka has reached 70% renewable energy generation during June 2025, the Ceylon Electricity Board (CEB) said.
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Authorities urged to revive ornamental fish industry
Authorities have been urged to support the ornamental fish breeders by renovating the Ornamental Fish Breeding Centre in Aralaganwila which reportedly helped bring in foreign exchange to the country for several years.
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ATUM Beverages Announces Entry into Sri Lankan Market with Plans for Local Manufacturing
ATUM Beverages Pvt Ltd, a leading South Indian energy and soft drink manufacturing company, has announced its strategic entry into the Sri Lankan market, aiming to introduce its popular range of beverages and establish a local manufacturing facility. Speaking during a meeting with the Secretary General of the International Chamber of Commerce (ICC Sri Lanka), Attorney-at-Law Shanil Fernando, and senior …
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World Social Media Day observed today
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CNL Reporter
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June 30, 2025
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News
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Media Day
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World Social Media Day is celebrated today (June 30).
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Monsoon havoc in Pakistan: Flash floods and heavy rain killed 45 in just days
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CNL Reporter
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June 30, 2025
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News
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Pakistan
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0 Comments
At least 45 people have been killed across Pakistan as heavy rain and flash floods battered multiple regions since the start of the monsoon season, disaster management officials said on Sunday.
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Printed book prices rise by 20% due to VAT and NBT
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CNL Reporter
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June 30, 2025
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News
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VAT and NBT
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The National Book Traders Association says that the price of printed books has increased by 20% due to the imposition of Value Added Tax (VAT) and Nation Building Tax (NBT)
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