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International Trade

Project cost hiked to Tk 149 billion

Long-stalled Bay Terminal infrastructure-building bid resumes with a proposed steep 43.07-percent hike in the project cost to Tk149.09 billion, official sources say. The Ministry of Shipping has submitted this revised proposal to develop…

Industry insiders fault new marine insurance law

Cargo awaits clearance at Mombasa Port. New law requires imports to be insured locally. The government’s renewed push to enforce mandatory local Marine Cargo Insurance (MCI) for imports has sparked controversy among industry…

Sri Lanka needs to diversify export markets

For decades, the United States has stood as a dominant export destination for Sri Lankan produce. In 2024, the value of exports to the US amounted to a significant $ 3 billion or approximately a quarter of total exports,…

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