Former Pakistan cricket legend and global icon Wasim Akram has issued a ringing endorsement of Sri Lanka’s tourism potential, asserting that the island nation deserves to be recognized as the “number one holiday destination in the world”. Speaking on the evening of June 16 at the Softlogic Life investor forum held at Cinnamon Life Colombo,…
Reuters – Sinking crude prices on news that Iranian fuel may soon hit global markets heralded inflation relief and pushed bond yields lower on Wednesday, while stocks and currencies were quieter ahead of Kevin Warsh’s debut meeting as Federal Reserve chair. Brent crude futures have dived below $80 and are down more than one-third from…
Reuters – Oil prices inched lower on Wednesday, extending the previous session’s declines as investors assessed the U.S.-Iran peace deal, though uncertainty over the full resumption of shipping through the Strait of Hormuz limited further falls. Brent crude futures dipped 16 cents, or 0.2%, to $78.80 a barrel by 0340 GMT, while U.S. West Texas…
Marking an important milestone in Sri Lanka’s economic development, the National Export Development Plan (NEDP) for the period 2026–2030 was presented to President Anura Kumara Dissanayake this morning (16) at the Presidential Secretariat. The 2026–2030 National Export Development Plan (NEDP) is a key national programme formulated in line with the Government’s policy direction under the…
Six Cross Sector Enablers and Eight Priority Sectors Identified to Drive Export Diversification Marking a significant milestone in Sri Lanka’s economic development, the National Export Development Plan (NEDP) 2026–2030 was officially launched today, 16 June 2026. Hon. Sunil Handunneththi, Minister of Industries and Entrepreneurship Development, attended the event as the Chief Guest. In addition, several…
Reuters – The Bank of Japan raised interest rates to a 31-year high on Tuesday (16), marking another landmark step in normalising monetary policy as it focused on taming price pressures from the energy shock caused by the Iran war. The hike was the first since December and aligns the BOJ with other central banks…
Swedfund invests USD 15 million in LB Finance to expand financing for micro, small and medium sized enterprises (MSMEs) in Sri Lanka and support lower emissions transport solutions. The investment is expected to contribute to job creation and long-term private sector development. Sri Lanka has faced a period of economic challenges following several years of…
Marking a significant step toward aligning rapidly evolving global digital trends with domestic regulatory frameworks, the Ministry of Digital Economy, in partnership with the Securities and Exchange Commission of Sri Lanka (SEC), successfully hosted a special awareness session titled “Collaborating for a Secure Digital Future: Virtual Assets” on June 15, 2026. The high-level session was…
As part of its 25th Anniversary celebrations, the Sri Lanka Institute of Directors (SLID) has launched the Public Sector Forum – a dedicated platform aimed at strengthening governance, accountability, and board leadership within Sri Lanka’s public sector institutions and State-Owned Enterprises (SOEs). The Forum is chaired by governance professional Mr. Arjuna Herath, who will lead…
Reuters – Asian stocks made cautious gains on Tuesday after a rally in the previous session on news of a U.S.-Iran peace deal, while investors assessed a widely expected Bank of Japan rate increase to a 31-year high. The Nikkei 225 jumped 0.6%, briefly crossing above the 70,000 mark to set an all-time peak after the Japanese…
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