Connect with us

News

Treasury Chief attributes US tariff reduction to govt’s anti-corruption drive and efforts to improve ease of doing business ranking

Published

on

Sri Lanka has secured a reduction in US tariffs owing to reforms aimed at tackling corruption and improving the ease of doing business, Treasury Secretary Harshana Suriyapperuma said.

Speaking to the media in Colombo on Friday, Suriyapperuma said that the Trump-era import tariff on Sri Lankan goods had been successfully negotiated, down from 44% to 20% through a two-tiered process. “We’ve achieved our first objective of maintaining a competitive position with other exporting nations,” said Suriyapperuma, who led the negotiations on behalf of the Lankan government.

He said that Sri Lanka’s anti-corruption measures were instrumental in building trust and clearing the path for deeper economic cooperation. “Our efforts to reduce corruption and improve business conditions have gone a long way in helping bring the tariff down,” he said.

The Treasury Secretary said that Sri Lanka would facilitate increased imports from the United States to help reduce the bilateral trade deficit, and would continue to make it easier for American companies to operate in Sri Lanka.

While certain aspects of the ongoing discussions remain confidential due to non-disclosure agreements, Suriyapperuma said Sri Lanka had made the negotiating process as transparent as possible. “Sri Lanka is a net importer of energy. So wherever possible, within competitive parameters, we will look at how best to accommodate their requirements.” Final terms, including the use of quotas for oil imports, will be determined as negotiations progress.



News

Malaysia declares emergency in Sarawak as haze from Indonesia worsens

Published

on

By

This aerial photo taken from a commercial plane shows haze from Indonesian forest fires blanketing a residential district in Kuching, the capital city of Sarawak state on the island of Borneo, on September 5, 2026 (Aljazeera)

Malaysia has declared a state of emergency in a district in Sarawak state after haze caused by wildfires in neighbouring Indonesia increased air pollution to “hazardous” levels.

King Sultan Ibrahim “has consented to the declaration of emergency throughout Serian Division, Sarawak, following haze conditions that have reached air pollution levels hazardous to public health and safety”, Prime Minister Anwar Ibrahim’s office said in a statement on Thursday.

The declaration followed a formal request from the Sarawak Disaster Management Committee after the region’s Air Pollutant Index reached levels warranting consideration of a local emergency.

Under the order, 647 schools in Serian will close from Monday until at least the end of next week, alongside government and private offices, plantations, construction sites and quarries, with only essential services continuing to operate.

The state’s disaster management authorities said a three-day cloud-seeding operation launched on Thursday would be extended to at least Monday, citing forecasts of “more conducive cloud formations” during that period.

Sarawak State Disaster Management Committee chairman Douglas Uggah Embas, speaking at a news conference in Kuching, stressed that the emergency applied only to Serian, not the entire state, but urged residents there to take the situation seriously.

“Please minimise outdoor activities and avoid strenuous activities outdoors,” he said.

Sarawak, in the northern part of Borneo island, has been heavily affected by haze for weeks, as have the neighbouring states of Sabah and Peninsular Malaysia.

(Aljazeera)

Continue Reading

Latest News

Sun directly overhead Moratuwa, Kesbewa, Handapangoda, Idalgashinna, Yudhaganawa, Kotiyagala and Panama about 12.08 noon today (05)

Published

on

By

The sun is going to be directly over the latitudes of Sri Lanka from 28th of August to 07th of September due to its apparent southward relative motion.

The nearest places of Sri Lanka over which the sun is
overhead today (05) are Moratuwa, Kesbewa, Handapangoda, Idalgashinna, Yudhaganawa, Kotiyagala and Panama about 12.08 noon

Continue Reading

News

Namal remanded until Sept. 18 over Airbus deal investigation

Published

on

Namal Rajapaksa being brought to the Colombo Chief Magistrate’s Court

Sri Lanka Podujana Peramuna (SLPP) National Organiser and Parliamentarian Namal Rajapaksa was yesterday remanded until September 18 by the Colombo Chief Magistrate’s Court following his arrest by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) in connection with an investigation into the controversial SriLankan Airlines Airbus aircraft transaction.

Rajapaksa appeared before the CIABOC at around 9.15 am yesterday to record a statement after being summoned over the transaction. He was taken into custody following several hours of questioning and subsequently produced before the Colombo Chief Magistrate.

The investigation centres on allegations surrounding the acquisition of six Airbus A330 and eight A350 aircraft by SriLankan Airlines in 2013, in connection with an alleged USD 2 million bribe.

Former SriLankan Airlines Chief Executive Officer Kapila Chandrasena and his wife, Priyanka Niyomali Wijenayake, had previously been named in connection with the alleged bribery.

Chandrasena was arrested on March 12 as part of an investigation launched by the CIABOC under the Anti-Corruption Act and was subsequently released on bail. He was later found dead on May 8 while on bail, with police suspecting that his death was a suicide.

Open warrants have been issued for the arrest of Wijenayake, who is named as the second suspect, and Shamindra Rajapaksa, named as the third suspect, in the case pending before the Fort Magistrate’s Court in connection with the Airbus transaction.

The investigation has also received assistance from Airbus, with a delegation from the company’s parent group in France visiting Sri Lanka during the first week of August. The delegation provided statements and other assistance to the CIABOC as part of the ongoing inquiry.

Rajapaksa’s arrest and remand yesterday mark a further development in the widening investigation into the controversial aircraft deal.

Continue Reading

Trending