In 2024, the global approach to measuring business climate saw a major transformation. The World Bank Group introduced the Business Ready (B-READY) Index, its new flagship report aimed at assessing the business and investment environment across countries. This index replaces the discontinued Ease of Doing Business (EoDB) report and brings with it a more robust,…
The 3rd Japan–Sri Lanka Policy Dialogue was held on 30 July 2025 in Colombo at the Ministry of Foreign Affairs, Foreign Employment & Tourism. The Dialogue served as a constructive platform for the two countries to exchange views on foreign policy matters and a wide range of bilateral issues, paving the way for enhanced cooperation….
Reuters – HSBC Holdings, opens new tab reported a sharper-than-expected drop in profit on Wednesday, hurt by write-downs from exposures to a Chinese bank and Hong Kong real estate, while the bank pushed ahead with a global restructuring. Its 26% slump in pretax profit in the first half showed the challenge ahead for CEO Georges Elhedery,…
Reuters – President Donald Trump said on Wednesday the U.S. will charge a 15% tariff on imports from South Korea as part of a deal that eases, for now, tension with a top-10 trading partner and key Asian ally. The arrangement, announced shortly after Trump met with Korean officials at the White House, came during a blizzard…
Union Bank of Colombo PLC has reported a Profit After Tax (PAT) of LKR 251 million for the first half of 2025 ending 30 June, marking a 247% increase compared to the same period in 2024. This robust profit growth was underpinned by continued expansion of the Bank’s balance sheet and strategic operational improvements. Profit…
Donald Trump said that India will pay a penalty over and above the decided 25% for its trade with Russia despite the ongoing Ukraine war Hindustan Times – US President Donald Trump on Wednesday announced that “friend” India will be paying a 25 per cent tariff from August 1. He also noted that New Delhi…
The Sri Lanka Export Development Board (EDB), under the patronage of Hon. Sunil Handunnetti, Minister of Industry and Entrepreneurship Development, successfully conducted the Regional Exporters Networking Forum on Tuesday, 29th July 2025, at the Mahaweli Reach Hotel, Katugastota, Kandy. The forum was organized with the objective of enhancing regional export capacities and fostering greater participation…
John Keells Holdings PLC (JKH) has reported a robust start to the financial year 2025/26, with a 64% year-on-year surge in revenue and a 69% increase in EBITDA, supported by strong performances in its Retail and Transportation sectors. The diversified conglomerate posted Group revenue of Rs.114.15 billion for the quarter ended 30 June 2025, compared…
The Ministry of Digital Economy of Sri Lanka and AI Singapore (AISG) signed a Memorandum of Understanding (MoU) on AI Collaboration on 28 July 2025 at the National University of Singapore’s Kent Ridge campus. The MoU was signed by Director of AI Innovation from AI Singapore, Laurence Liew and the High Commissioner of Sri Lanka…
At a recent special event held at the Ministry of Digital Economy Meta announced the activation of Teen Accounts for Instagram in Sri Lanka. The meeting was held under the patronage of Hon. Deputy Minister of Digital Economy, Eranga Weeraratne. The Meta team demonstrated that the teen account supervision tools for Instagram, provides parents with…
Video Story
