Reuters – Oil prices fell more than $2 a barrel on Wednesday as talks between Iran and Oman revived hopes that the Strait of Hormuz could reopen and remove shipping constraints affecting supply in the key Middle East region. Brent crude futures fell $2.30, or 2.6%, to $86.28 a barrel by 0447 GMT, earlier dropping…
Sri Lanka is taking a significant step towards strengthening its position in the regional digital finance landscape with the inaugural Sri Lanka FinTech Festival 2026, organised by the FinTech Forum Sri Lanka in collaboration with the Ministry of Digital Economy. Addressing the official press conference held Tuesday (25) at the Amari Colombo hotel premises, Deputy…
A business delegation to Australia led by the Ceylon Chamber’s Sri Lanka–Australia–New Zealand Business Council (SLANZBC) opened new avenues for trade, investment and institutional cooperation, following engagements with Australian parliamentarians, government agencies, trade bodies and the business community in Canberra, Melbourne and Sydney. Undertaken in collaboration with the High Commission of Sri Lanka in Australia,…
Porsche AG said on August 25 that it signed a five-year, 1.25 billion euro (US$1.5 billion) deal with Tata Consultancy Services Ltd. (TCS), an Indian software services company. The deal will deploy AI across the automaker’s engineering, manufacturing, operations, and customer experience functions. Under the agreement, TCS will acquire Porsche’s Germany-based consulting unit, MHP Management- und…
The National Chamber of Exporters of Sri Lanka (NCE) invites eligible Sri Lankan exporters to submit their applications for the NCE Export Awards 2026, providing businesses with an opportunity to gain national recognition for their achievements in international trade. Applications for the 34th NCE Export Awards are now open and will close on 30 September…
More than 200 senior business leaders, policymakers, investors, sustainability practitioners and United Nations representatives convened in Colombo on 11–12 August for Forward Faster Now | APAC 2026: Driving Business Leadership for Sustainable and Inclusive Growth—the United Nations Global Compact’s flagship regional forum in Asia-Pacific. Hosted by UN Global Compact Network Sri Lanka and organized by…
A discussion on the project to develop Colombo Fort as a tourism zone, being implemented with World Bank loans and assistance, as well as the promotion of Sri Lanka’s tourism industry, was held this morning (24) at the Presidential Secretariat between Chief of Staff to the President Prabath Chandrakeerthi and a delegation led by World…
Seylan Bank PLC has announced the appointment of Mr. Krishan Thilakaratne, Non‑Executive Director, as the Deputy Chairman of the Board with effect from 17th August 2026. Mr. Thilakaratne was appointed as a Non-Executive Director to the Board in 2018, and the progression to Deputy Chairman, reaffirms his long‑standing governance role and leadership capacity. He currently…
The Colombo Stock Exchange (CSE) recorded a massive turnover of Rs. 16.85 billion today (August 24), marking the highest single-day turnover since July 16, 2025, when turnover reached Rs. 17.01 billion. The high turnover was primarily driven by major negotiated deals involving CT Holdings PLC and Cargills (Ceylon) PLC. A total of 20.14 million shares…
In a major move to strengthen corporate governance and protect shareholder interests, the Colombo Stock Exchange (CSE) has announced a revised disclosure framework for how listed companies utilize funds raised through public offerings. In Circular No. 06/2026, issued on August 21, 2026, to the Managing Directors and Chief Executive Officers of all listed companies, CSE…
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