The Monetary Policy Board decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75% at its meeting held yesterday. The Board arrived at this decision after carefully considering both domestic and global developments. The Board is of the view that the current monetary policy stance will help steer inflation towards the…
Reuters – The United States and Japan struck a deal to lower the hefty tariffs President Donald Trump threatened to impose on goods from its Asian ally that included a pledge by Japan to invest $550 billion in the United States. The agreement – including a 15% tariff on all imported Japanese goods, down from a proposed…
Reuters – U.S. President Donald Trump announced on Tuesday a new 19% tariff rate for goods from the Philippines after what he called a “beautiful visit” by Philippine President Ferdinand Marcos Jr. to the White House, and said U.S. goods would pay zero tariffs. The new tariff rate is just below the 20% threatened by…
Asia Capital PLC has announced that its Board of Directors has resolved to dispose of the company’s 63.77% shareholding in ACAP Stock Brokers (Pvt) Ltd to Cue Capital (Pvt) Ltd. The transaction is subject to approval from the Securities and Exchange Commission of Sri Lanka and the Colombo Stock Exchange. The final price will be…
Gateway to Growth: Asia’s Emerging Opportunity The Ceylon Chamber of Commerce is pleased to announce that registrations are now open for the Sri Lanka Economic & Investment Summit 2025 (SLEIS), taking place on 2nd and 3rd December at the Shangri-La Colombo. This year’s event introduces an enhanced format that builds on the Ceylon Chamber’s flagship…
Fitch Ratings has assigned Commercial Bank of Ceylon PLC’s (COMB; AA-(lka)/Stable) proposed Sri Lankan rupee-denominated Basel III-compliant subordinated green bonds of up to LKR15 billion a final National Long-Term Rating of ‘A(lka)’. The final rating is the same as the expected rating assigned on 7 April 2025 and follows the receipt of documents conforming to…
In a strategic move marking its entry into regional markets, HNB Investment Bank (HNBIB) has officially ventured into the Maldivian financial sector through a partnership with Dhivehi Investment Partners Pvt Ltd (DIP). The agreement, formalised at a signing ceremony held at the prestigious new city hotel, South Ari, Barcelo Nasandhura, Male’, on Thursday the 16th,…
Applied Graphite Technologies Corporation (TSXV: AGT) has completed the first tranche of its private placement, raising approximately C$464,000 to support the development of its Queens Mine Complex (QMC) in Sri Lanka. The funds will be directed toward project development and working capital, as the company continues to advance one of the world’s few natural vein…
International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced yesterday (21) that Gita Gopinath, First Deputy Managing Director (FDMD), would be leaving the Fund at the end of August to return to Harvard University, where she will be the inaugural Gregory and Ania Coffey Professor of Economics in the Department of Economics. Ms. Gopinath joined…
Reuters – Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street’s closing record high ahead of a slate of corporate earnings while investors took stock of tariff negotiations between the U.S. and its trading partners. The Japanese markets returned to action after a holiday in the previous session…
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