National Development Bank PLC (NDB/ the Bank) announced its financial results for the six-months ended June 30, 2026 (1H 2026/ period under review), as released to the Colombo Stock Exchange on July 22, 2026. Despite the challenges arising from the fraud uncovered in April 2026, the Bank delivered healthy results, driven by strong core banking…
Reuters – Oil prices rose more than 1.5% to their highest in more than six weeks on Thursday, with the United States launching a new round of strikes on Iran and Yemen’s Houthis targeting oil tankers in the Red Sea. Brent crude futures rose $1.93, or 2% to $96 by 0011 GMT, the highest since…
The Colombo Tea Traders’ Association (CTTA), the apex private sector body representing Sri Lanka’s tea trade, reaffirmed its commitment to strengthening the global competitiveness of Ceylon Tea as it concluded its 132nd Annual General Meeting (AGM), unveiling a renewed vision centred on sustainable industry growth. Held on 17 July at the Lumina Ballroom of Cinnamon…
Sri Lanka’s export sector continued to demonstrate resilience and sustained growth, with the country’s total exports surpassing the US$ 9 billion milestone during the first half of 2026. Combined merchandise and services exports reached an estimated US$ 9,012.24 Mn during the January–June 2026 period, representing an 8% year-on-year increase compared to the corresponding period in…
Sri Lanka is set to benefit from a major boost to helicopter pilot training in South Asia, as Indocopters Private Limited will establish the region’s first virtual reality (VR)-based Airbus H125 full-motion flight simulator in India. The new training facility, announced by Loft Dynamics, will support operators across South Asia—including Sri Lanka—by expanding access to…
The Colombo Stock Exchange (CSE), together with the Securities and Exchange Commission of Sri Lanka (SEC) has launched its ‘A Share for Everyone, A Unit for Everyone’ (Samata Kotasak, Samata Ekakayak) initiative at the investor forums in Monaragala and Batticaloa last week as part of an ongoing island-wide initiative to broaden investor participation. The forums…
Hayleys Agriculture Holdings Limited marks another milestone with the opening of Hayleys Nature Nest (Pvt) Ltd Sri Lanka’s first of its kind Frozen Concentrated Coconut Water Manufacturing Facility. This state-of-the-art facility represents another significant step in our journey to create greater value from Sri Lanka’s rich agricultural resources. By transforming locally sourced coconut water into…
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 8.75%. The Board arrived at this decision after carefully considering the evolving conditions and outlook on the domestic and global fronts. Renewed tensions in the Middle East have resulted in a surge in…
Reuters – Stocks jumped at the start of trading in Asia on Wednesday as investors took cues from a rebound in U.S. markets, shrugging off climbing oil prices as Houthi rebels threatened to open a front in the widening Middle East conflict. MSCI’s broadest index of Asia-Pacific shares outside Japan was up 1.2% as South Korea’s…
Reuters – Oil prices inched higher in early trading on Wednesday as fears of further supply disruptions intensified after U.S. forces said it began striking Iranian military targets for the 11th straight night and Kuwait reported attacks by Iranian drones. Brent crude futures rose 0.55%, or 50 cents, to $91.51 after markets opened on Wednesday,…
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