The company has made its products, delivery and checkout available to AI assistants, and invited local developers to build shopping agents on top of it. Kapruka Holdings PLC (CSE: KPHL) has become the first technology company in Sri Lanka to run a public Model Context Protocol (MCP) server. The move makes its product catalogue, delivery…
Fitch Ratings: The formation of an El Niño weather phenomenon that is set to persist into early 2027 raises the risk of economic disruption in a range of sovereigns, says Fitch Ratings. Fitch is unlikely to link rating actions directly to El Niño unless the effects are clearly reflected in credit metrics, but related environmental…
Fitch Ratings believes the Central Bank of Sri Lanka’s tighter capital treatment for gold-backed lending will have a mostly manageable impact on rated banks’ and finance companies’ capital ratios, while supporting risk profiles. The impact on Fitch-rated finance companies is likely to be larger than on banks because gold-backed lending accounts for a larger share…
Sri Lanka’s economy showed significant resilience in the first quarter of 2026, recording a positive real GDP growth rate of 5.1 percent. According to the latest National Accounts Estimates released by the Department of Census and Statistics (DCS), the country managed this expansion while navigating the lingering impacts of Cyclone Ditwah and emerging geopolitical tensions…
Celebrating 25 Years of Strengthening Sri Lanka–Thailand Business Relations The Sri Lanka–Thailand Business Council (SLTBC) proudly celebrates its 25th anniversary in 2026, marking a remarkable journey of fostering economic cooperation, trade, investment, and friendship between Sri Lanka and Thailand. For a quarter of a century, the Council has served as a vital bridge connecting the…
Dialog Axiata PLC, the largest company listed on the Colombo Stock Exchange (CSE) by market capitalization, reached a significant financial milestone today (June 15) as its market valuation surpassed the Rs. 400 billion mark. During early trading this morning, the company’s share price fluctuated between Rs. 44.90 and Rs. 46.40. This surge in stock price…
Reuters – Oil prices slipped to their lowest since March on Monday after U.S. President Donald Trump and Iran’s deputy foreign minister said they had reached an initial deal to end the war and to resume traffic through the Strait of Hormuz. Brent crude futures fell $4.08, or 4.7%, to $83.25 a barrel by 0415 GMT and…
Reuters – Share markets surged in Asia on Monday while the dollar slipped and oil prices tumbled as a tentative peace deal between the United States and Iran promised to ease inflationary pressures globally and lessen the need for higher interest rates. Pakistani Prime Minister Shehbaz Sharif said on social media early on Monday that…
Reuters – SpaceX (SPCX.O) jumped 23% in its Nasdaq debut on Friday, as investors piled in to the world’s largest IPO and bet on Elon Musk‘s sprawling empire spanning rockets, internet service and AI. The stock was last trading at $166 a share after opening for trading at $150, making SpaceX the sixth-largest U.S. company, with a market value…
The Asian Development Bank (ADB) is acting quickly and decisively with $4 billion in financing to help countries withstand the impact of the Middle East conflict, including about $3 billion requested by governments and $1 billion provided as trade finance for energy and food imports. “ADB is acting with speed and scale to support countries…
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