Trading at the Colombo Stock Exchange (CSE) was temporarily halted at 10:00 a.m. this morning due to a technical glitch in the broker order management system (OMS). The CSE noted that the halt was caused by an OMS failure experienced by the majority of broker firms. Trading resumed at 10:40 a.m.
Providing more choices for Sri Lankan customers travelling to Hong Kong and beyond Starting 1 September 2025, Hong Kong’s home carrier Cathay Pacific will be operating daily return flights — up from the current five flights per week — between Sri Lanka’s Bandaranaike International Airport and Hong Kong International Airport. These flights will be operated…
Purchasing Managers’ Indices indicate improvements in both Manufacturing and Services activities in June 2025 Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 51.9 in June 2025, indicating an expansion in manufacturing activities. All the sub-indices, except Employment, remained above the neutral threshold during the month. The New Orders…
Reuters – U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees a peace deal over the conflict in Ukraine, potentially complicating Moscow’s oil sales to China, India and Turkey. Russia’s crude output, however, stayed broadly flat at 9.2 million barrels per day (bpd) last month and crude loadings were stable at…
A Memorandum of Understanding (MoU) was signed yesterday morning (15) at the Presidential Secretariat between STEMedical of the USA and the Sri Lanka Institute of Biotechnology (SLIBTEC) to establish a laboratory with internationally recognised accreditation. The MoU for this $15 million investment project, conducted under the guidance of the National Initiative for Research and Development…
A total of 79,711 tourists have arrived in the country thus far in July, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. According to data released by the SLTDA, a total of 16,329 tourists have arrived from India which accounts to 20.5%. Furthermore, 8,530 persons from the United Kingdom, 4,812 from Australia, 5,213…
New strategic alliance expected to add more than 60 hotels over 10 years across India, Bangladesh, Sri Lanka and Nepal, with first hotels slated to open in 2026 Wyndham Hotels & Resorts is accelerating its expansion across India and the surrounding region, announcing today a new strategic alliance with Cygnett Hotels & Resorts that will not only introduce its La Quinta® by…
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA), in a historic step, has issued a powerful national call to action urging all stakeholders to come together in a bold, unified effort to shape a future where Sri Lanka emerges as a trusted, high-quality, and export-driven pharmaceutical manufacturing hub. In a decisive move to transform Sri Lanka’s…
By Samitha Hettige The 11th ‘Nishan’ forum (named after the ‘Nishan’ mountain) on world civilizations under the theme ‘Beauty in Diversity’ was held in Qufu, Shandong (Eastern China) last week. It is the birth place of Chinese philosopher Confucius. Scholars from more than 70 countries explored the interactions between cultural diversity & modernization with special…
Reuters – Gold inched higher on Tuesday, ahead of the release of U.S. inflation data later in the day that could shed more light on the Federal Reserve’s interest rate path. Spot gold was up 0.1% at $3,346.94 per ounce, as of 0151 GMT. U.S. gold futures were flat at $3,355.60. “Gold has shown in the…
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