US to Launch Tariff Refund System April 20 for $166bn in Tariffs Struck Down as Unlawful
US Customs will launch the CAPE refund system on April 20 to return $166bn paid by 330,000 importers in tariffs the Supreme Court ruled unlawful in February.
US Customs will launch the CAPE refund system on April 20 to return $166bn paid by 330,000 importers in tariffs the Supreme Court ruled unlawful in February.
Ceylon Petroleum Corporation receives 36,700 metric tonnes of Octane 92 petrol from India as post-Avurudu fuel replenishment begins.
ASPI closes at 22,261 with Rs 3bn turnover; T-bill yields up 20bps; rupee flat at 315.55/65 as markets reopen after holiday.
Fitch says March CPI rose 0.8% month-on-month across major economies as energy shock begins flowing through to consumer prices.
Foreign investors offloaded US$2.25 million in government securities in the week ended April 10 amid Middle East war caution.
22-carat sovereign rises to Rs. 369,900 and 24-carat to Rs. 402,000 as gold rallies on Middle East safe-haven demand.
IMF MD Georgieva urges targeted support over blanket fuel subsidies, warns untargeted measures will prolong high prices.
IMF projects EMDE growth at 3.9% for 2026, cuts China to 4.4% and India to 6.5% as war drives energy and food costs.
Georgieva says global growth was building momentum for an upgrade before the Middle East war reversed the trajectory.
IMF Spring Meetings caution that market resilience should not be taken at face value as global debt heads for 100% of GDP by 2029.
Pierre-Olivier Gourinchas says every day of energy disruption pushes the global economy closer to 2.5% growth, down from 3.4%.
EconomyNext analysis: 52.7% of working-age Sri Lankans are economically inactive; ageing index nears the tipping point.
Over 520,000 vehicles used the expressway network during the Avurudu festive rush from April 10-13, the RDA reports.
IMF maps three war outcomes: growth slows to 3.1% if conflict is short, drops to 2% if energy disruptions extend into 2027.
Former finance minister says CBSL's accountability failures allowed the NDB fraud model to spread to 5-7 other banks and up to 9 NBFIs.
Brent crude falls 1.9% to $97.50 and WTI drops 2.3% to $96.83 as signs of renewed US-Iran talks reduce Hormuz supply risk.
Grid operator requests voluntary rooftop solar shutdown until 3pm citing low Avurudu demand and excess generation risk.
Former insider alleges revenue cartel in SriLankan Airlines commercial division, urges external CEO appointment.
Consumer Affairs Authority says special festive season raids will continue through April 30 with nearly 2,000 conducted since March 20.
CPC Chairman confirms arrival of furnace oil vessel, says power cuts are off the table as fuel stocks stabilise.
CID requests Interpol virtual currency specialists from Lyon to assist Rs. 13.2 billion NDB fraud investigation; four suspects in remand.
Lakvijaya shuts one of three 300MW units due to lower demand; Units 2 and 3 continue operating normally.
Brent crude jumps 8% to $102.80 as CENTCOM prepares to enforce full naval blockade of Iranian ports from Monday.
ADB economist cautions urea prices up 50% and ammonia up 40% since February could push up Sri Lanka's food costs later this year.