Economy

Sri Lanka’s government formed a working group aimed at evaluating the repercussions of the US’ tariffs on Sri Lanka goods, which will impact its fashion export sector. JAAF, whose members include the Sri Lanka Apparel Exporters…

Asian shares nosedived on Monday after the meltdown Friday on Wall Street over U.S. President Donald Trump's tariff hikes and the backlash from Beijing. U.S. futures also signaled further weakness. The future…

IndiGo has announced the launch of daily direct flights between Tiruchirappalli (Trichy) in Tamil Nadu and Jaffna in northern Sri Lanka, which will commence from March 30, 2025. The new route has been introduced to meet increasing demand…

Sri Lanka’s Purchasing Managers’ Index (PMI) for January 2025 recorded growth in both manufacturing and services sectors. The latest report of the Central Bank of Sri Lanka (CBSL) indicated that the Manufacturing PMI climbed to 59 in…

Former Deputy Governor of the Central Bank of Sri Lanka (CBSL) Dr. W.A. Wijewardena is of the view that the government is constrained by its agreement with the International Monetary Fund (IMF) and the benchmarks set by the Economic…

Vietnam’s Ambassador to Sri Lanka Trinh Thi Tam had visited Sri Lanka’s Hayleys group in a bid to boost economic co-operation between the two countries. During a meeting with Hayleys officials led by Chairman Mohan Pandithage, had…

Apple agreed to pay $95 million in cash to settle a proposed class action lawsuit claiming that its voice-activated Siri assistant violated users’ privacy. A preliminary settlement was filed on Tuesday night in the Oakland, California…

Chinese state-sponsored hackers breached the U.S. Treasury Department’s computer security guardrails this month and stole documents in what Treasury called a “major incident,” according to a letter to lawmakers,  that Treasury officials…

Bitcoin hit a record high above $106,000 on Monday after President-elect Donald Trump suggested he plans to create a U.S. bitcoin strategic reserve similar to its strategic oil reserve, stoking the enthusiasm of crypto bulls. Bitcoin ,…

LIRNEasia hosted a forum on December 7, 2024, titled “Unlocking Data for Artificial Intelligence in Sri Lanka” at the ITC Ratnadipa Hotel, Colombo. The event brought together AI experts, data scientists, policymakers, and industry leaders…