ACAP Stockbrokers (Pvt) Ltd. is entering a new phase of its journey under the stewardship of Stallion Consultancy, ushering in a new era of client-focused investment advisory. At a press conference held on Tuesday, the 5th of May, the financial services company unveiled its bold new brand identity, its reorientation towards a more research-focused approach,…
The Government of Sri Lanka (GoSL) and the Government of the Republic of Korea (ROK) successfully held the Economic Development Cooperation Fund (EDCF) Policy Dialogue 2026 on 28 April 2026 at the Randora Auditorium, Ministry of Finance, Planning and Economic Development. The Meeting was co-chaired by the Government of Sri Lanka and the Republic of…
Reuters – Stocks leapt, oil prices sank and the dollar dropped in the Asian morning on Wednesday after U.S. President Donald Trump touted “great progress” towards a “final agreement” with Tehran, while momentum in AI-driven trades accelerated. Trump said he would briefly pause an operation escorting ships through the Strait of Hormuz, which carries about a fifth…
In recognition of its outstanding performance and continued leadership in the banking sector, the Commercial Bank of Ceylon has once again been adjudged the ‘Best Bank in Sri Lanka’ by the US-based Global Finance magazine, marking the 24th occasion the Bank has received this prestigious accolade. The accolade comes as part of Global Finance’s ‘World’s…
Ambassador Sisira Senavirathne met with the Governor of the Suez Governorate, Major General Hani Rashad, together with Deputy Governor Dr. Mohamed Allam and senior officials, on 19 April 2026 in Suez, and discussed avenues to strengthen cooperation and develop partnerships in trade, investment, and broader economic engagement under the auspices of the Suez Governorate. Recalling the…
Hambantota International Port Group (HIPG) last week hosted senior representatives from two of the world’s leading container shipping lines, signalling growing commercial interest in the port as global trade patterns adjust to instability in the Middle East. Officials from CMA CGM’s overseas office and local representatives of Evergreen Marine Corporation held discussions with HIPG management…
The Ministry of Agriculture, Livestock, Lands and Irrigation, the Government of Australia, and the Food and Agriculture Organization of the United Nations (FAO) marked the launch of a AUD 2 million (USD 1.4 million) recovery initiative to restore and transform vegetable production systems in the cyclone-affected districts of Nuwara Eliya and Badulla. The agreement was…
The Central Bank of Sri Lanka (CBSL) has signed a Memorandum of Understanding (MoU) with Australia’s Skills for an Inclusive Economy program on a pilot initiative to improve digital financial literacy for micro, small and medium enterprises (MSMEs), a critical driver of Sri Lanka’s economic recovery and inclusive growth. The pilot will test targeted approaches…
Economic sentiment plummets as uncertainty clouds the broader outlook Confidence in the economy took a sharp hit in April as the corporate community signalled a negative outlook – likely influenced by geopolitical tensions involving the US, Israel and Iran, and the broader instability in the Middle East. And indeed, the ripple effects are being felt…
Reuters – Governments in Asia, the top oil importing region, are scrambling to find alternatives and insulate their economies from the worst of the energy crisis triggered by the Iran war, but the pain is getting increasingly costly. The disruption spurred the Asian Development Bank to cut its growth forecast for developing Asia and the…
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