Increased price competition in 2025 is expected to lead to subdued growth in apparel export revenue during the year despite the forecast increase in apparel exports, according to the Joint Apparel Association Forum (JAAF). JAAF Secretary General Yohan Lawrence stated that there was a massive pressure on prices due to the current market conditions, because apparel manufacturers were quoting low …
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Sri Lanka’s banking sector non-performing loans (NPLs) reduced to 12.3% at the end of 2024, indicating a gradual easing of credit risk in the sector, the Central Bank of Sri Lanka (CBSL) said. According to the Monetary Policy Report, the overall default risk of the banking sector, as reflected through the stage 3 loans ratio, reduced to 12.3% at end …
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South Korean actress Kim Sae-ron has been found dead in Seoul, police have said. The 24-year-old was found in her home in the city’s Seongsu-dong district by a friend at around 16:55 (07:55 GMT) on Sunday. Officers said no signs of foul play had been found and they were investigating the cause of death. Kim began her career as a …
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Industries and Entrepreneurship Deputy Minister Chathuranga Abeysinghe states that there is no possibility of reducing taxes within this year, as the government is required to collect 15.1% of the gross domestic product (GDP) in taxes in accordance with agreements reached with the International Monetary Fund (IMF). “A reduction in indirect taxes, in particular, will have to be implemented gradually. We …
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High blood pressure is a major health concern in the South Asian region, contributing significantly to deaths among individuals under 70, the Health Promotion Bureau said. Addressing the media at the weekely media brefing, Consultant Community Physician at the Non-Communicable Diseases Dr. Shereen Balasinghe said, in Sri Lanka nearly one in three adults is affected by hypertension, increasing the risk …
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The Ceylon Electricity Board (CEB) has announced a one-and-a-half-hour power cut today (10) and tomorrow (11). The decision was made to manage the power supply system following the recent outage. According to the CEB, the power cut will take place between 3:30 PM and 9:30 PM across different regions of the island. However, the Public Utilities Commission of Sri Lanka …
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At the invitation of His Highness Sheikh Mohamed bin Zayed Al Nahyan, the President of the United Arab Emirates (UAE), President Anura Kumara Disanayake has departed for the UAE to participate in the World Governments Summit 2025. As a result, four acting ministers have been appointed to oversee key ministries during his absence. Acting ministers have been appointed for four …
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President Anura Kumara Disanayake departed from Sri Lanka today (10) for a three-day official visit to the United Arab Emirates at the invitation of UAE President Mohamed bin Zayed Al Nahyan. During this visit, President Disanayake is scheduled to address the 2025 World Government Summit in Dubai. The primary objective of the World Government Summit is to foster a global …
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Two tourists have died from suspected pesticide poisoning after their hostel in Sri Lanka was fumigated for bedbugs, Britain’s PA Media news agency has reported. Ebony McIntosh, a 24-year-old digital marketing and social media manager from the English city of Derby, and 26-year-old Nadine Raguse from Germany were both staying in the Miracle Colombo City hostel in the Sri Lankan capital, PA reported …
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Sri Lanka has high expectations from China’s vast outbound tourism market, industry insiders say. Following Sri Lankan President Anura Kumara Dissanayake’s visit to China last month, bilateral ties have reached a new high, they added, highlighting Sri Lanka’s manifold strengths as an outbound destination. “President Dissanayake’s visit underscores Sri Lanka’s commitment to fostering robust ties with China, a partner that …
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