In a critical response to Sri Lanka’s escalating fuel shortages driven by Middle East tensions and QR rationing, Export Development Board (EDB) Chairman Mangala Wijesinghe has highlighted a priority program to ensure exporters receive their essential fuel stocks without delay. Treating the export sector as the nation’s top priority, this government-backed initiative aims to shield…
Reuters – Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field, a major escalation in Tehran’s war with the U.S. and Israel. Brent futures were up $3.69, or 3.44%, to $111.07 by 0142 GMT, while U.S….
Reuters – Stocks slid and oil prices rose sharply on Thursday after major escalation in the U.S. and Israel’s war with Iran rattled investors, while the yen wobbled near the crucial 160 per dollar level as Japan’s central bank left interest rates unchanged. As widely expected, the Bank of Japan left unchanged its short-term policy…
UN Global Compact Network Sri Lanka (Network Sri Lanka) convened corporate leaders and partners yesterday for a Memoranda of Understanding (MoU) Signing Ceremony, welcoming new Patrons and Ecosystem Partners who will support the Network’s efforts to strengthen corporate sustainability action across Sri Lanka. At the centre of the ceremony was the recognition of Commercial Bank,…
Nations Trust Bank (NTB) partnered with the National Chamber of Exporters of Sri Lanka (NCE) to support Sri Lankan exporters and strengthen export‑led economic growth across the country. Through this collaboration, both NTB and NCE will work together to enable exporters through networking opportunities, extensive knowledge sharing platforms, recognition initiatives, and practical business enablement programmes….
The Colombo stock market witnessed a notable recovery today (18), providing some relief to investors after a steep decline over five consecutive sessions. The All Share Price Index (ASPI) gained 222.54 points during the day, closing at 20,640.63 by the end of trading. However, the S&P SL20 Index recorded only a marginal increase, closing at…
A prolonged Middle East conflict could create new credit challenges for developed market (DM) sovereigns in Europe and Asia, primarily through higher energy and borrowing costs, rising inflation and weaker economic growth, Fitch Ratings says. Fiscal support measures to cushion households and firms could weigh on budget deficit and government debt trajectories, while financing conditions…
By Felix Fernando, Chairman, Joint Apparel Association Forum (JAAF) Sri Lanka’s apparel industry has earned its place in the global market through consistency, trust, and a strong reputation for ethical manufacturing. Over many years, we have shown that Sri Lanka can deliver quality, compliance, and reliability at a level that global brands value. That foundation…
The Sri Lanka Association of Manufacturers and Exporters of Rubber Products (SLAMERP) recently celebrated its 40th Anniversary, marking four decades of contribution to the growth and global recognition of Sri Lanka’s value-added rubber products industry. The commemorative event brought together key industry leaders, government officials, and stakeholders to reflect on the association’s journey since its…
Commits support to ‘Diversity & Inclusion’ and ‘Water & Ocean Stewardship’ Groups Engagement strengthens Bank’s leadership in sustainability, ESG knowledge sharing and responsible finance The Commercial Bank of Ceylon has taken a leadership role in advancing key sustainability priorities of the United Nations Global Compact Network Sri Lanka by becoming a Patron of Network Sri…
Video Story
