Trading of shares of Janashakthi Limited commenced on the secondary market of the Colombo Stock Exchange (CSE) this morning (29), following its successful Initial Public Offering (IPO). To mark the occasion, a ceremonial market opening bell ringing event was held at the CSE. The event was attended by the founder of the Janashakthi Group, Chandra…
The US dollar spot rate was recorded at Rs. 318.69 today (April 29, 2026), surpassing the Rs. 318 mark against the Sri Lankan rupee. Accordingly, the buying rate was recorded at Rs. 315.54, while the selling rate stood at Rs. 323.26.
The Food and Agriculture Organization of the United Nations (FAO) has launched a fertilizer support programme to assist smallholder paddy farmers in the Anuradhapura District whose fields were damaged by Cyclone Ditwah, helping them recover production in time for the upcoming Yala cultivation season in Sri Lanka. Through a voucher scheme valued at USD 300,000,…
Reuters – Elon Musk took the stand on Tuesday at a high-stakes trial over the future of OpenAI, casting his lawsuit against the ChatGPT maker as a defense of charitable giving. The world’s richest person is suing OpenAI, its co-founder and Chief Executive Sam Altman and its President Greg Brockman, saying they betrayed him and…
Attention was drawn to the initiation of cable car projects at several tourist destinations, including Sri Pada (Adam’s Peak), during a meeting of the Tourism Task Force held Yesterday (28) at the Presidential Secretariat, under the patronage of the Minister of Foreign Affairs, Foreign Employment and Tourism, Vijitha Herath. It was noted that requests have…
Brent crude rises after White House reiterates ‘red lines’ in negotiations with Tehran The Financial Times – Oil hit $110 for the first time in three weeks on Tuesday as the US and Iran appeared to make little progress towards a peace deal that would unlock energy supplies through the Strait of Hormuz. Brent crude, the…
Reuters – The United Arab Emirates said on Tuesday it quit OPEC and OPEC+, dealing a heavy blow to the oil exporting groups and their de facto leader, Saudi Arabia, at a time when the Iran war has caused a historic energy shock and unsettled the global economy. Here are some analyst reactions to the news. JORGE…
The business barometer dips again following a brief surge as corporate optimism fades Unpredictable global politics, T20 World Cup fever, progress on the 2025 Corruption Perceptions Index (CPI), emerging health concerns and the not unusual political drama have dominated conversations in recent weeks. Sri Lanka recorded notable progress on the CPI by Transparency International (TI),…
The International Finance Corporation (IFC), a member of the World Bank Group, announced a partnership with WindForce PLC to develop Sri Lanka’s first utility‑scale 100‑megawatt (MW) solar power facility, a landmark project that will accelerate the country’s energy transition, strengthen energy security, lower electricity costs and create thousands of jobs. The project will generate around…
The Sri Lanka Export Development Board (EDB), in collaboration with the Asian Development Bank (ADB), is making significant progress in the formulation of the National Export Development Plan (NEDP) for the period 2026–2030. This strategic initiative is designed to position Sri Lanka on a path of sustained export-led economic growth, aligned with the Government’s national…
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