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Top EconomyNext News

Trump announces Vietnam trade deal, 20% tariff on its imports to U.S.
Trade War · United States

Trump announces Vietnam trade deal, 20% tariff on its imports to U.S.

51% Center coverage: 252 sources
President Trump on Wednesday announced a trade deal has been struck with Vietnam, days before the pause on reciprocal tariffs is set to expire. “I just made a Trade Deal with Vietnam. Details to follow!” he said on Truth Social. Vietnam exports goods like apparel, including clothing and footwear, and electrical machinery to the U.S.…See the Story
In third South Asia launch, Starlink now in Sri Lanka
Elon Musk · Sri Lanka

In third South Asia launch, Starlink now in Sri Lanka

60% Right coverage: 5 sources
Starlink satellite internet now available in Sri Lanka, with competitive pricing and regulatory approvals in progress for neighboring countries.See the Story
IMF to Provide Sri Lanka $350 Million After Fourth Review of Bailout
IMF · Sri Lanka

IMF to Provide Sri Lanka $350 Million After Fourth Review of Bailout

Coverage: 2 sources
The facility helped Sri Lanka revive its bankrupt economy by building its reserves and successfully negotiating debt restructuring with external creditorsSee the Story

Blindspots

Uganda: Museveni Urges Iran, Israel to End Hostilities, Calls for Two-State Solution
Low coverage from Left Sources

Uganda: Museveni Urges Iran, Israel to End Hostilities, Calls for Two-State Solution

Sri Lanka’s Struggle with Single-Use Plastics: Why Bans Alone Fall Short

The escalating crisis of plastic pollution poses a significant threat to both the health of the planet and human well-being. Among the plastic pollutants, Single-use plastics (SUPs) have become a major driver of pollution on land and in oceans. The SUPs are disposable plastic items made for one-time use—bags, packaging, straws, and bottles—that are quickly discarded after use. In 2021, they accounted for an estimated 139 million metric tonnes of…CricketSee the Story

Sri Lanka still in negotiations with Sinopec over tax holiday, local sales

Sinopec Energy Lanka (Pvt) Ltd commemorated its second corporate anniversary with a special Family Day celebration held in Hambantota, the birthplace of Sinopec’s operations in Sri Lanka. The two-day event brought together employees and their families in a vibrant display of the company’s people-centric culture and its ongoing commitment to sustainable growth and community integration. Since its entry into Sri Lanka in 2019 through fuel oil oper…Cricket · Sri LankaSee the Story

IMF forgives Sri Lanka mis-reporting spending arrears by error

ECONOMYNEXT – Sri Lanka has missed a performance criteria on zero spending arrears including in past reviews by wrongly reporting data, and has requested waivers which have been granted, International Monetary Fund said. The problem had come to light after senior citizen interest subsidy was published in the Finance Ministry annual report but were not reported to the IMF. “The authorities reported outstanding liabilities for certain interest sub…IMF · ColomboRead Article

Sri Lanka rupee closes flat, bond yields steady

ECONOMYNEXT – Sri Lanka’s rupee closed virtually unchanged at 299.97/300.05 to the US dollar in the spot market on Thursday from 299.95/300.05 a day earlier dealers said, while bond yields were broadly steady. A bond maturing on 15.12.2026 closed at 8.01/10 percent, from 8.00/10 percent. A bond maturing on 15.09.2027 closed at 8.33/45 percent, from 8.35/45 percent. A bond maturing on 15.10.2028 closed at 8.78/83 percent, from 8.75/85 percent. A …Cricket · ColomboRead Article

ADB urges education reforms to tackle youth joblessness in Asian nations, including Sri Lanka

ECONOMYNEXT – Youth unemployment remains high across many parts of Asia, including Sri Lanka, the Asian Development Bank has said, and countries must reform education systems and expand vocational training, while enabling youth-led enterprises. Sri Lanka has a very high rate of youth unemployment of nearly 22%. “Youth unemployment in Asia and the Pacific is alarmingly high, with rates in countries like Armenia, Sri Lanka, Malaysia, and Banglades…Education Reforms · ColomboRead Article

Sri Lanka GDP could lose 1.5-pct of GDP on a high Trump tariff: IMF

ECONOMYNEXT – A high Trump tariff relative to competitors could shrink exports and reduce GDP by up to 1.5 percent below baseline projections and spillovers to other sectors, an International Monetary Fund report said. Sri Lanka is currently on a 10 percent export tax to the US with a 44 percent Trump tariff suspended till July 09. Reinstatement of the tariff would erode Sri Lanka’s export competitiveness, especially on apparels where margins we…Cricket · ColomboRead Article

Sri Lanka stocks dip slightly as market consolidates

ECONOMYNEXT – Sri Lanka stocks closed marginally down on Thursday, Colombo Stock Exchange data showed. The ASPI was down 0.23 percent, or 40.87 points, at 18,100. The S&P SL20 was down 0.22 percent, or 11.64 points, at 5,347. The ASPI was weighed down by Hayleys (down at 168.25), C T Holdings (down at 585.00), Colombo Dockyard (down at 94.80), Ceylon Grain Elevators (down at 310.50), and Sampath Bank (down at 126.00). “We are seeing some consoli…Stock Markets · ColomboRead Article

Sri Lanka to open mission in Cyprus

ECONOMYNEXT – Sri Lanka will open an embassy in Cyprus on July 20, so that workers there can access diplomatic services, the Ministry of Foreign Affairs, Foreign Employment and Tourism said. “It was decided to reopen the Sri Lankan Embassy in Cyprus after considering the requests received from the Sri Lankans living there,” Minister Vijitha Herath was quoted as saying. The new embassy will also be able to increase new job opportunities and trade…Cricket · Sri LankaSee the Story

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