US tariffs to strain sovereign credit in Asia-Pacific; Sri Lanka vulnerable ? Fitch

Fitch Ratings says that the increased US tariffs will weigh on the credit metrics of many sovereigns in the Asia-Pacific, with Sri Lanka likely to be among the affected states when country-specific tariffs are eventually implemented.

The agency believes Asian economic growth will slow as exports and export-oriented investment are hit by tariffs and...

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Fairly heavy rains expected in parts of the island

The Department of Meteorology says that showers or thundershowers will occur at several places in Western, Sabaragamuwa, Central, Southern and Uva provinces and in Ampara, Batticaloa and Polonnaruwa districts during the afternoon or night today (17). 

In its latest forecast, the department noted that fairly heavy falls of above 50 mm are likely at...

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Colombo Stock Exchange rebounds after New Year holiday

The Colombo Stock Exchange (CSE) reopened for trading today (16) after the long New Year weekend, posting notable gains in key indices despite subdued market activity.

The benchmark All Share Price Index (ASPI) surged by 99.68 points, closing at 15,625.88, while the S-P SL20 Index— which tracks the performance of 20 leading companies — rose by 2...

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US says China faces up to 245% tariff due to retaliatory action

China now faces tariffs of 245 per cent on import of goods into the United States “as a result of its retaliatory actions”, the White House said Tuesday afternoon (India time) as the trade war between the two countries appears to run further and further off road.

The announcement came as President Donald Trump authorised an investigation into...

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Heat warning issued for several areas

A warm weather advisory has been issued for residents of the Northern, North-central, North-western, Western, Southern and Eastern provinces and Rathnapura, Monaragala districts.

The heat index — the temperature felt by the human body — is expected to rise to the ‘Caution Level’ in several areas tomorrow (17), according to the Department of Meteoro...

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Special security and traffic plan in place for Sacred Tooth Relic exposition in Kandy

Sri Lanka Police announced that an extensive security and traffic management plan will be implemented ahead of the exposition of the Sacred Tooth Relic, which is set to begin on April 18 at the Sri Dalada Maligawa in Kandy.

The special exposition will commence on April 18 at 3.30 p.m. and continue until 5.30 p.m. on the same day. From April 19 to...

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