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…
Exclusive invitation-only engagement at the Ritz-Carlton DIFC brought together approximately 200 senior UAE business and diplomatic leaders to explore Sri Lanka’s role as a platform for regional growth The Embassy of Sri Lanka in the United Arab Emirates and the Consulate General of Sri Lanka in Dubai and the Northern Emirates, in collaboration with Colombo…
As climate disclosure requirements, investor expectations, and sustainability-related regulations continue to evolve globally, organisations are increasingly recognising sustainability as a strategic business imperative rather than a compliance exercise. This was a key theme emerging from Deloitte Sri Lanka’s exclusive client session, “From Compliance to Capital: Turning Climate Disclosure into Strategic Advantage”, held on 27 May…
Reuters – Few business leaders have been as deeply embedded in popular culture as Elon Musk, the ambitious entrepreneur who has become a central figure in internet culture and amassed a fortune that has made him the world’s first trillionaire. At a time when concerns about inequality are high and public attitudes toward the ultra-wealthy have soured Musk has…
Sri Lankan Marine & Offshore Services Companies Successfully Complete Participation at Posidonia 2026 in Greece The Sri Lanka Export Development Board (EDB) successfully organized Sri Lanka’s participation at Posidonia 2026, held from 1st to 5th June 2026 in Athens, Greece, marking a significant milestone in promoting Sri Lanka’s Marine & Offshore Services (M&OS) sector on…
Reuters – Oil prices fell over $1 on Friday, extending losses from the previous session after U.S. President Donald Trump cancelled plans to strike Iran, reducing fears of an escalation of hostilities following tit-for-tat attacks earlier in the week. Brent futures fell $1.83 or 2% to $88.55 a barrel at 0410 GMT, while U.S. West Texas Intermediate (WTI)…
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