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Top ft.lk News

Brazil will respond to Trump's 50% tariff with 'reciprocity,' says da Silva
Tariffs · Brazil

Brazil will respond to Trump's 50% tariff with 'reciprocity,' says da Silva

55% Center coverage: 166 sources
Brazilian President Luiz Inacio Lula da Silva on Wednesday said that his nation would act with reciprocity, hours after U.S. President Donald Trump slapped Latin America's largest economy with 50% tariffs on exports to the U.S.See the Story
Sri Lanka’s Central Bank Leaves Key Rate Unchanged as US Tariffs Loom
Central Bank · Colombo

Sri Lanka’s Central Bank Leaves Key Rate Unchanged as US Tariffs Loom

100% Left coverage: 1 sources
Sri Lanka’s central bank left its benchmark rate unchanged as policymakers gauge the progress of trade negotiations with the US before delivering additional stimulus.See the Story
FAAC Distributes N1.818trn to FG, States, LGs as Revenue Increases by N1.39trn
Bola Tinubu · Nigeria

FAAC Distributes N1.818trn to FG, States, LGs as Revenue Increases by N1.39trn

100% Left coverage: 1 sources
This is according to a communiqué from FAAC made available by Bawa Mokwa, Director , Press and Public Relations, O.A.G.F.See the Story

EU Delays Battery Due Diligence Requirement

The European Council has approved a law postponing implementation of due diligence obligations until Aug. 18, 2027, to give battery producers and exporters more time to prepare for its adoption.From ESS News The European Council urged all EU institutions, member states, and stakeholders in October 2024 to prioritize addressing the challenges identified in the “Much more than a market” report by Enrico Letta and the “The future of European compet…European Union · Sri LankaSee the Story

Sri Lanka revises loan to value ratios for vehicles, EV limit reduced

ECONOMYNEXT – Sri Lanka’s central bank has issued a direction to banks and finance companies, revising loan to value ratios for vehicles, reducing electric vehicle credit limits to match others cars effective from July 18. The directions are issued to “enhance macroprudential policy making, mitigating systemic risks and harmonizing existing caps on LTV ratios to a large extent and reinforcing prudential credit standards,” the central bank said i…Cricket · ColomboSee the Story

EFC Chief calls for urgent labour reforms to unlock investment and drive growth

By Charumini de Silva The Employers’ Federation of Ceylon (EFC) Director General Vajira Ellepola recently called for bold and comprehensive labour reforms, warning that without decisive changes, Sri Lanka risks remaining stuck in economic stagnation and missing out on critical foreign direct investment (FDI) needed for long-term growth. He made these remarks during a webinar jointly organised by the Daily FT, Association of Chartered CertifiedSri Lanka · Sri LankaRead Article

Sri Lanka Coconut Product Exporters Raise Alarm over 30-Pct Trump Tariff

ECONOMYNEXT – Sri Lanka’s coconut exporters have warned that a 30 percent Trump tariff will hit 20 percent of annual exports as competitors have got access at much lower rates to the United States. Out of 857 million dollars of annual exports 160 million went to the US. “Competing suppliers such as the Philippines, Vietnam, and India enjoy preferential trade access, meaning Sri Lankan products, despite their globally renowned quality, will be si…CricketSee the Story

Sri Lanka can drive investment through labour reforms: Invest India former CEO

Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..Sri Lanka · Sri LankaRead Article

Sri Lankan apparel brands demand 300–400% CESS hike to counter cheap imports | Retail News Sri Lanka

In order to maintain the survival and competitiveness of the local sector in its home market, Sri Lankan garment firms are demanding a severe rise of 300 to 400% in the Commodity Export Subsidy Scheme (CESS) fee on imported goods. P. Yasotharan, the former president of the Sri Lanka Brands Association, made the suggestion this […] The post Sri Lankan apparel brands demand 300–400% CESS hike to counter cheap imports appeared first on Apparel Reso…Sri Lanka · Sri LankaSee the Story

Trump slashes tariffs for Sri Lanka, Philippines

67% Left coverage: 3 sources
In the case of India, the proposed bilateral trade deal is still awaiting final approval from Trump and is likely to be announced by mid-July.Donald Trump · ColomboSee the Story

Rubber sector risks irrelevance without urgent action: CRTA Chief warns

Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..Colombo · ColomboRead Article

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