Daily Mirror - Sri Lanka - April 10, 2025

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In this issue

April 10, 2025

TRUMP ANNOUNCES 90-DAY PAUSE FOR RECIPROCAL TARIFF FOR 75 COUNTRIES

US President Donald Trump yesterday announced authorization of a 90-day pause, and a substantially lowered reciprocal tariff during this period, of 10%, which will be effective immediately.

1 min

Night market on Marine Drive to attract tourists

WILL OPEN TO THE PUBLIC FROM END OF MAY

1 min

INDIA PROPOSES LAND CONNECTIVITY AGAIN BUT SL STILL NON-COMMITTAL

In 2002, the then Sri Lankan government proposed a land bridge between Rameswaram in Tamil Nadu, India, and Talaimannar in Sri Lanka. India may look into SL request for apparel quota increase only during ETCA talks. Sri Lanka is currently in the process of exploring fresh avenues to support businesses now grappling with U.S. tariffs.

1 min

INDIA IS NO LONGER THE SAME AS IT ONCE WAS: TILVIN

Points out NPP-led government has secured more international support than any government in Sri Lanka's history

1 min

US reciprocal tariff AKD SHOULD DIRECTLY NEGOTIATE WITH TRUMP: NAMAL

President Anura Kumara Dissanayake should directly negotiate with US President Donald Trump to ensure an amicable solution to the crisis brought on by the 44 percent reciprocal tariff, SLPP MP Namal Rajapaksa told Parliament yesterday.

1 min

Defence pact with India affects Sri Lanka’s non aligned foreign policy - Opposition MP

While highlighting that signing of a defence pact with India will affect Sri Lanka’s non aligned foreign policy, Opposition MP Dayasiri Jayasekara yesterday called for a debate on the pacts which was signed with India recently.

1 min

LG Polls to be held in phases - EC

As of yesterday, only 113 out of 339 local government bodies have been cleared for the May 6 elections, with no rejection of nomination lists or objections. The nomination lists for the 226 local government bodies have been rejected and candidates on these rejected lists are entitled to file cases against the Election Commission until April 21, the sources within the Election Commission of Sri Lanka said.

1 min

Ranil would have negotiated tariff reduction with Elon Musk: Rajitha

Former Minister Rajitha Senaratne claimed that if someone like President Ranil Wickremesinghe were currently in government, he would have directly engaged with Elon Musk, senior advisor to the President, to negotiate a reduction of the 27% tariff imposed on Sri Lankan goods.

1 min

President warns of removing state officials if they continue to resist change after May

Claiming that no section of the public service has been allowed to collapse over the past few months of the present government, President Ranil Wickremesinghe yesterday said if officials continue to resist change, the government will proceed to remove and replace them after May.

2 mins

96th Birth Anniversary of Late Dr. A.C.S. Hameed

Dr. A.C.S. Hameed entered Parliamentary politics in March 1960, representing the Akurana Parliament seat, which was later changed to the Harispattuwa electorate.

2 mins

NAVIGATING SRI LANKAN ‘CANNED FISH’ THROUGH THE INDIAN OCEAN

Sri Lanka has potential to be self-sufficient in paddy and fish. One look at the island’s geography and this is confirmed. But we do import rice and fish; even if such business activities embarrass ‘us’ in the eyes of the global world.

3 mins

Medical negligence threatens credibility of Sri Lanka's health sector

The recent death of a Grade 1 student who was admitted to the Ratnapura District Hospital adds to the list of innocent lives that have succumbed to medical negligence in the recent past.

3 mins

Mixed sentiments by shoppers ahead of Avurudu

The Sinhala and Tamil New Year, or Avurudu, is one of the most significant and cherished celebrations in Sri Lanka. This festival, which falls in April annually, is marked by cultural rituals, family gatherings, and a strong community bond. However, as Sri Lanka approaches Avurudu celebrations, there is a growing concern about how the current cost of living may affect the spirit of the New Year season. In this context, it's important to grasp how people perceive the festivities amidst economic hardships and whether there are notable differences between the current government's role and that of previous administrations in addressing these challenges.

2 mins

Sanjiv Hulugalle appointed as CEO and GM of Cinnamon Life at City of Dreams Sri Lanka

Cinnamon Life announced Sanjiv Hulugalle as Chief Executive Officer and General Manager of Cinnamon Life at City of Dreams Sri Lanka.

1 min

Global tourism promotion campaign to go live end-April

Sri Lanka will launch its long-awaited global tourism promotion campaign by the end of this month, adopting a strategic shift from traditional tourism marketing to a comprehensive nation branding initiative that highlights the country's diverse economic and cultural strengths.

1 min

SMEs get further reprieve on parate law execution

The small and medium enterprises (SMEs) in the country received a further reprieve on the execution of the so-called parate law execution, as the government decided to provide further relief on the borrowers, who have been affected by the repeated crises.

2 mins

ADB sees Sri Lanka's growth at 3.9% in 2025

WARNS DEBT RISKS REMAIN

2 mins

ADB signals shift toward investment projects in Sri Lanka

The Asian Development Bank (ADB) announced plans to gradually shift its focus in Sri Lanka from budget support to investment projects, as the country shows signs of economic recovery.

1 min

Warns Sri Lanka of growth risks as US tariffs erode export competitiveness

As the developing Asian economies are among the hardest hit with the US tariff that went into effect this week, the Asian Development Bank (ADB) noted that for the Sri Lankan exporters, one of the key issues, among others, would be the erosion of cost competitiveness.

1 min

Foreign buying boosts turnover

Indices closed in red as a result of price losses in counters such as Hayleys, Sampath Bank and John Keells Holdings with the turnover crossing Rs. 3.0 Bn.

1 min

T-bill auction falls short as 4.7% of offered amount being accepted

Ahead of today’s T-bond auction, the secondary market saw some selling pressure in the morning hours.

1 min

Verdant Capital infuses US$ 13.5mn in powering LOLC Africa's MSME expansion

Verdant Capital has announced that its Verdant Capital Hybrid Fund (the “Fund”) has completed an additional investment of US$ 4.5 million in LOLC Africa Singapore Limited (“LOLC Africa”).

1 min

Azend Technologies concludes Management Buy Out

Azend Technologies announced the successful completion of a management buyout (MBO) on April 8.

1 min

COYLE spearheads Advisory Council for economic resilience

The Chamber of Lankan Entrepreneurs (COYLE) is seeking to collaborate and offer support to government officials by assembling a panel of export oriented industry specialists in this time of need.

1 min

McLarens Group elevates Occupational Health and Safety in Sri Lanka

McLarens Group recently hosted the 3M-McLarens Occupational Health and Safety Symposium 2025, marking a historic milestone in Sri Lanka's commitment to workplace safety.

1 min

NDB Credit Card benefits extend beyond seasonal offers

As the festive season approaches, Sri Lankans prepare to embrace joy, celebrations, and memorable moments. However, the benefits of an NDB Credit Card extend beyond seasonal offers, providing year-round peace of mind, unmatched convenience, and financial flexibility. Here’s how NDB Credit Cards stand out as your perfect companion for every occasion.

3 mins

KANDY SC’S RUGBY DYNASTY UNMATCHED

Kandy Sports Club, Sri Lanka’s most decorated rugby club, once again etched their name in the annals of local rugby history by clinching the rugby double this year. Under the masterful guidance of their Head Coach Fazil Marija, widely regarded as one of the best coaches in the country, Kandy SC continued its remarkable reign, winning the league title for the 24th time in the past 30 years, and 23rd Clifford Cup since 1992. It was yet another powerful statement from a club that has refused to relinquish its stronghold over the domestic scene.

4 mins

Splendid round by Danushan tied on top position

Sri Lanka Golf National Ranking tournament concluded its day 2 with Kumar Danushan tied on number 1 with Chalitha Pushpika with a score of 146.

1 min

Bens and Lyceum steal limelight

St. Benedict's College and Lyceum International School, Wattala won first place in the Under-20 Boys and Girls' Medley relay events of the Inter-Schools Ritzbury Relay Championship 2025 on the opening day of the meet held at the Mahinda Rajapaksa Sports Complex in Diyagama yesterday.

1 min

13 athletes for Thai Martial Art Games

Sri Lanka will field a team of 13 athletes for the Seventh International Thai Martial Art Games 2025, organised by the World Muaythai Organisation.

1 min

Postal Sixes tourney to mark golden jubilee

A six-a-side Softball Cricket Tournament between Post Offices/Control Offices of the Department of Posts will be held on April 18 at the Ratmalana Railway Stadium.

1 min

Air Force crowned national handball champs

The Air Force Women's handball team emerged champions at the National Handball Championship 2025, held at the Army Cantonment in Panagoda.

1 min

Arosha, Gimhan steer Devapathiraja MMV to victory

An unbeaten half ton in 41 balls inclusive of five boundaries and three sixes by Arosha Sithumina supported by Gihman Rasanjana who hit 45 helped Devapathiraja MMV, Rathgama record a seven-wicket win over Tissa Central, Kalutara in the Under-19 inter-school cricket encounter at Kalutara yesterday.

1 min

ST. JOSEPH'S TRIUMPH IN TITLE CLASH

St. Joseph's took sweet revenge over defending champions Trinity when they clinched the Under-19 inter-school limited over title with an easy 71-run win in the final played at the Surrey Village ground in Maggona yesterday.

1 min

Wearing Intention, Not Just Decoration

Once upon a time, jewellery was the final flourish, a last-minute decision made in front of the mirror.

1 min

SEEKING MENTAL HEALTH CARE

None of us are strangers to the fact that with most new things in life, starting is the hardest part. This also applies to seeking mental health care. So, you've identified something that you're struggling with and you're ready to address itwhat now? How do you choose the right person to talk to and what should you expect from your conversations with them? Well, here's the lowdown.

4 mins

AN AMBASSADOR OF HUMANITY AND MEDICINE

Dr. Varagunan Mahadevan, a man of many feathers in his hat - family physician by profession, broadcaster by passion, Carnatic musician, teacher, charity worker and YouTube educator combining common sense and medicine.

6 mins

CPM Sri Lanka Honours Corporate Excellence at the Best Management Practices Company Awards 2025

In a continued commitment to promoting excellence in corporate leadership and organizational management, the Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka) successfully hosted the Best Management Practices Company Awards 2025, for the fourth consecutive year.

2 mins

Alliance Finance Company Honoured with Dual Accolades at BMPC Awards 2025 for Sustainability and Business Excellence

Alliance Finance Company PLC (AFC), Sri Lanka's oldest non-banking financial institution, proudly emerged among the top companies at the Best Management Practices Company (BMPC) Awards 2025 held recently, demonstrating its commitment to innovation, sustainable growth, and customer-centric practices.

2 mins

CPM Sri Lanka 'Chartered Professional Manager' Programme for Aspiring C-Suite Leaders

In an era defined by rapid transformation, global uncertainty, and disruptive innovation, the demand for capable and visionary leadership has never been greater. Recognizing this need, the Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka) is offering the Chartered Professional Manager (CPM) Professional Programme, a future-focused, progressive qualification designed to equip professionals with the knowledge, skills, and mindset required to lead with impact.

1 min

CPM Management Insights Summit 2025 Explores "Management 'X' Factors for Sri Lanka: Maneuvering and Leading" with Over 300 Participants

As Sri Lanka navigates a complex and evolving landscape, the ability to identify and harness the “X” factors in management has become paramount. These critical enablers—spanning innovation, resilience, leadership, and strategic foresight—are the catalysts for steering the nation through challenges and toward sustainable growth. Effective maneuvering demands bold decision-making, agile adaptation, and a collaborative approach that aligns industries, institutions, and communities.

1 min

Brown Shines with Double Win

Reaffirming its position yet again as a leader in corporate excellence, Browns & Company PLC was honoured at the prestigious Best Management Practices Company Awards 2025, Conducted by the Institute of Chartered Professional Managers of Sri Lanka (CPM), the conglomerate was recognised with double accolades under 'Twenty Outstanding Companies' and as the winner in the 'Trading & Manufacturing' category held at the Monarch Imperial recently.

1 min

Union Chemicals Lanka PLC, “The Winner” in the Chemical, Ceramic and Glass (Manufacturing) Category at the Best Management Practices Company Awards 2025

Union Chemicals Lanka PLC (UCLL) has been awarded the prestigious title of \"The Winner\" in the Chemical, Ceramic and Glass (Manufacturing) Category at the Best Management Practices Company Awards 2025, organized by the Institute of Chartered Professional Managers of Sri Lanka. This accolade underscores the company's commitment to excellence and innovation in the chemical manufacturing industry, positioning it as a leader in the sector.

3 mins

Colombo Coffee Company Brews National Pride with Historic Wins at Best Management Practices Company Awards 2025

Marking a monumental chapter in Sri Lanka's corporate and coffee industry history, Colombo Coffee Company has emerged as a shining beacon of excellence at the Best Management Practices Company Awards 2025, organized by the Chartered Professional Managers (CPM) Sri Lanka.

2 mins

Hayleys Fabric PLC recognised for its Best Management Practices

Awards won ■Winner - Knitted Fabric Category ■Ranked among Best 20 companies

1 min

Advantis - Project Logistics Recognised for Excellence at the Best Management Practices Company Awards 2025

Advantis Project Logistics, a subsidiary of Hayleys Advantis Limited, the transportation and logistics arm of Hayleys PLC, was named the winner in the Transport, Logistics and Shipping category at the Best Management Practices Company Awards 2025, organised by the Chartered Professional Managers of Sri Lanka.

3 mins

Sanasa Life Insurance scores high with second consecutive win at BMPC Awards

THE \"Best Management Practices Company Awards,\" hosted annually by the Institute of Chartered Professional Managers of Sri Lanka, recognize organizations for their implementation of outstanding management practices that drive organizational growth and success.

7 mins

Driving Excellence: JAT Holdings Honoured at Best Management Practices Awards

JAT Holdings PLC has been named the Winner in the Manufacturing - Other Category at the prestigious Best Management Practices Company Awards 2025, organised by the Institute of Chartered Professional Managers of Sri Lanka (CPM Sri Lanka). This recognition highlights JAT Holdings' commitment to operational excellence, setting new benchmarks in innovation, sustainability, and leadership.

1 min

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