The Asian Development Bank (ADB) is acting quickly and decisively with $4 billion in financing to help countries withstand the impact of the Middle East conflict, including about $3 billion requested by governments and $1 billion provided as trade finance for energy and food imports. “ADB is acting with speed and scale to support countries…
Exclusive invitation-only engagement at the Ritz-Carlton DIFC brought together approximately 200 senior UAE business and diplomatic leaders to explore Sri Lanka’s role as a platform for regional growth The Embassy of Sri Lanka in the United Arab Emirates and the Consulate General of Sri Lanka in Dubai and the Northern Emirates, in collaboration with Colombo…
As climate disclosure requirements, investor expectations, and sustainability-related regulations continue to evolve globally, organisations are increasingly recognising sustainability as a strategic business imperative rather than a compliance exercise. This was a key theme emerging from Deloitte Sri Lanka’s exclusive client session, “From Compliance to Capital: Turning Climate Disclosure into Strategic Advantage”, held on 27 May…
Reuters – Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured Musk has…
Sri Lankan Marine & Offshore Services Companies Successfully Complete Participation at Posidonia 2026 in Greece The Sri Lanka Export Development Board (EDB) successfully organized Sri Lanka’s participation at Posidonia 2026, held from 1st to 5th June 2026 in Athens, Greece, marking a significant milestone in promoting Sri Lanka’s Marine & Offshore Services (M&OS) sector on…
Reuters – Oil prices fell over $1 on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week. Brent futures fell $1.83 or 2% to $88.55 a barrel at 0410 GMT, while U.S. West Texas Intermediate (WTI)…
World Bank Group Ready to Provide up to $100 Billion for Affected Countries over 15 Months The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs, according to the World Bank Group’s latest Global…
Oilprice.com – Oil prices could hit $150 per barrel if hostilities between the United States and Iran escalate further from the current, most testing period in the ceasefire, according to intelligence firm Rystad Energy. Renewed hostilities would further deepen the supply shut-ins in the Middle East as the war risk and the near-closed Strait of…
Recognising the rapid emergence of the gig economy in Sri Lanka, the Commercial Bank of Ceylon has introduced ‘ComBank GIG+’ – a specialised banking solution designed for freelancers, digital entrepreneurs, social media influencers, and individuals and businesses earning in foreign currency through overseas engagements to receive their foreign earnings, including PayPal-linked withdrawals, through a structured…
Sri Lanka’s leading digital payment acceptance platform Payable has announced its acquisition by regional tech powerhouse Short Circuit, marking a significant milestone in Payable’s journey to scale digital payments across the country. The acquisition is set to significantly enhance Payable’s digital payment capabilities and expand its merchant network, strengthening its position within Sri Lanka’s evolving…
Video Story
