Mahindra Ideal Finance Ltd (MIFL) recently marked the official listing of its inaugural debentures and debut listing on the Colombo Stock Exchange (CSE) with a bell ringing and market opening ceremony held at the CSE trading floor, symbolising a key milestone in the company’s capital market journey and its commitment to transparency and strong governance….
Reuters – The U.S. military began a blockade of Iran’s ports, angering Tehran and adding uncertainty around the crucial waterway, although hopes for dialogue to end the war provided some relief to oil markets where benchmark prices fell below $100 on Tuesday. After a breakdown of weekend talks in Islamabad between the two adversaries, a U.S. official…
Hambantota International Port (HIP) received LPG vessel ANDOVER on 4th April, which discharged approximately 7,000 metric tonnes (MT) of liquefied petroleum gas consigned to Laugfs Gas. The consignment, marking the port’s first gas shipment of 2026, is sufficient to supply an estimated 570,000 domestic households. The LPG tanker, which arrived from Argentina, carrying the first…
Adda247 – Mundra Port has emerged as India’s largest automobile export hub, setting a national record by shipping 6,008 cars in a single vessel. Operated by Adani Ports and Special Economic Zone, this milestone highlights India’s growing automobile export strength and improved logistics efficiency. Mundra Port has emerged as the India’s largest automobile export hub. As…
The 2029 Annual Meetings of the World Bank Group and International Monetary Fund will take place in Abu Dhabi, United Arab Emirates, in October 2029, as decided in a vote by the Boards of Governors of the two institutions. The last time the Annual Meetings were held in the UAE was in 2003, when they…
National Development Bank PLC – Subsequent Update on Internal Fraud The Central Bank of Sri Lanka (CBSL) wishes to inform the public that it has been closely monitoring developments relating to National Development Bank PLC (NDB) following the recent disclosure of an internal fraud. Based on assessments carried out thus far, NDB continues to operate…
LankaPay, the Sri Lanka Tourism Development Authority (SLTDA) and Alipay+ have entered into a strategic collaboration to enhance Sri Lanka’s tourism appeal and drive international visitor arrivals, particularly from Asia and the wider Asia-Pacific (APAC) region. The collaboration leverages the strength of the global ecosystem of Alipay+, Ant International’s unified wallet gateway, enabled locally through…
The Planters’ Association of Ceylon (PA), the apex body of Sri Lanka’s plantation industry, expressed growing concern over rising prices and limited availability of fertilizer amid the escalation of the crisis in the Middle East. With the closure of the Strait of Hormuz, shipping traffic through the region is reported to have dropped by 90%….
Fitch Ratings has downgraded National Development Bank PLC’s (NDB) National Long-Term Rating to ‘A-(lka)’ from ‘A(lka)’. The Outlook is Negative. Fitch has also downgraded the rating assigned to NDB’s Basel III-compliant subordinated debentures to ‘BBB(lka)’ from ‘BBB+(lka)’. Key Rating Drivers Fraud Elevates Credit Profile Risks: The downgrade reflects NDB’s weakened credit profile relative to that…
Sri Lanka could face renewed food inflation pressures as global fertilizer prices surge sharply amid the ongoing Middle East conflict, a senior economist from the Asian Development Bank (ADB) warned today (10). Addressing the launch of the Asian Development Outlook – April 2026 in Colombo, Ms. Liliya Aleksanyan highlighted that non-energy commodity prices, particularly fertilizers…
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