News

“Sri Lanka, only Asian country currently holding talks to revise Trumps’ tariffs”

Published

15 hours ago

June 30, 2025

editor

Sri Lanka is the only country in the Asia region currently holding discussions with officials in the United States to revise the tariffs introduced by US President Donald Trump earlier this year, according to Minister of Labour and Deputy Minister of Economic Development Prof. Anil Jayantha Fernando.

Joining the Parliamentary debate today (30), where MPs are debating the fiscal strategy statement of the government, the Deputy Minister of Economic Development stated that they are hopeful the government will be able get a better deal from the US regarding the 44% tariff imposed earlier this year.

A Sri Lankan delegation last month held discussions in Washington, D.C., focusing on tariff-related matters, following an invitation extended by the Office of the United States Trade Representative (USTR).

The reciprocal tariffs imposed by United States President Donald Trump has been paused for 90 days at present.

Deputy Minister of Economic Development Prof. Anil Jayantha Fernando in Parliament stated that the government will take all steps within their powers to reduce the tariffs imposed by the US which will have a major bearing on many local industries.

The Deputy Minister while the government is taking such important steps to safeguard local companies, the opposition is only focused on jeopardizing the work of the present administration

(adaderana.lk)

(Except for the headline, this story, originally published by adaderana.lk has not been edited by SLM staff)

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News

Worker remittances up by nearly 18% in May

Published

2 minutes ago

July 1, 2025

editor

The Central Bank of Sri Lanka (CBSL) reports a 17.9% increase in foreign worker remittances for May 2025, bringing total remittances for the January–May period to US$ 3.1 billion.

Tourism earnings for May are estimated at US$ 164 million, contributing to a cumulative total of US$ 1.5 billion over the past year—highlighting a steady recovery in the tourism sector.

In terms of imports, US$ 118 million was spent on vehicle imports in May, with a total of US$ 312 million recorded from January to May 2025.

Sri Lanka’s gross official reserves remain stable at US$ 6.3 billion, maintaining the same level as in April.

On the domestic front, construction activity rebounded in May after a slowdown in April due to the festive season. The Sri Lanka Buyers Index rose to 59.7 points, signaling increased activity—especially in road development, which saw a notable rise in new project awards.

(dailynews.lk)

(Except for the headline, this story, originally published by dailynews.lk has not been edited by SLM staff)

Entertainment

Sri Lanka’s first Hollywood starlet bids adieu

Published

11 minutes ago

July 1, 2025

editor

Maureen Nelia Ballardney Hingert, Sri Lanka’s first beauty queen to act in Hollywood, has passed away at the age of 88.

The news was announced by former Miss Sri Lanka and actress Angela Seneviratne via Facebook.

Maureen made history by winning the Miss Ceylon title in 1955 and went on to represent the country at the Miss Universe pageant, where she was crowned second runner-up – a milestone achievement at the time.

Following her success, she entered the film industry and starred in several Hollywood productions. In 1958, she appeared in the film Gun Fever, and a photograph from the movie shoot was later published in Playboy magazine in September 1957 – making her the first and only Sri Lankan woman to be featured in the magazine.

She signed with major studios like 20th Century Fox and Universal International Studios, and her filmography includes titles such as The King and I, Fort Bowie, The Rawhide Trail, Gunman from Laredo, Pillars of the Sky, and The Adventures of Hiram Holiday, among others.

During her peak, she was regarded as one of the most beautiful actresses in Hollywood.

Maureen married Marion Zamperelli in 1958, later separating in 1970, and married William J. Ballard in 1976.

She had two children, and after the tragic passing of her daughter due to cancer, Maureen chose to live a private life away from the public eye in Los Angeles, where she remained until her death.