World Growth to Continue at Steady Pace if Oil Price Shock Short-Lived Global economic growth should be steady this year provided the current oil price shock is not prolonged, Fitch Ratings says in its latest March 2026 Global Economic Outlook (GEO). The world economy has held up well despite a succession of geopolitical and US…
The Colombo Stock Exchange experienced a volatile trading session today (11), with early morning gains giving way to afternoon declines as the All Share Price Index (ASPI) closed 26.97 points lower at 22,351.55. Trading began on a positive note during the first half-hour of the session, with the ASPI surpassing the 22,500 mark and recording…
Broadcast and match infrastructure moved across five countries to ensure venues and production teams were ready for the ICC Men’s T20 World Cup DP World, a leading global provider of integrated end-to-end supply chain solutions and Global Logistics Partner of the International Cricket Council (ICC), has successfully executed a complex, multi-country logistics operation to power the ICC…
Reuters – President Donald Trump on Tuesday announced the construction of a refinery on the southern U.S. border backed by India’s Reliance Industries, operator of the world’s biggest refining complex. Trump made the announcement as drivers react to spiking gasoline prices since the start of the U.S.-Israeli war with Iran, and while Republicans and Democrats prepare for midterm…
The Ceylon Chamber of Commerce has formally handed over its historical records to the National Archives Department of Sri Lanka, placing over a century of the nation’s commercial history into the care of the country’s official custodians of heritage. The historical archive being handed over spans from the Chamber’s founding in 1839 to 1973, and…
The Economic Surveillance Committee, established on the proposal by the President Anura Kumara Dissanayake to safeguard Sri Lanka’s economic stability and protect the welfare of citizens in the face of external pressures, met yesterday (10) afternoon at the Presidential Secretariat. The Committee is chaired by Deputy Minister of Finance and Planning and Minister of Labour, Dr…
Elevated AI-driven credit risks are concentrated in three technology, media and telecommunications (TMT) sectors, with software, media and services facing rising disruption risk while overinvestment risk remains largely confined to hyperscalers and select cloud providers, according to a new Fitch Ratings report. Asset-light businesses where value is driven by intangibles such as software, IP, brands…
The Colombo Stock Exchange (CSE) officially opened its Kegalle Branch to the public, further strengthening its countrywide presence. The branch was inaugurated by Chairman of the Securities and Exchange Commission of Sri Lanka (SEC) Senior Professor D.B.P.H Dissabandara, Director of the Colombo Stock Exchange (CSE) Mr. Kosala Gamage and Chief Executive Officer of CSE Mr….
Sri Lanka is further strengthening its global trade partnerships in preparation for Sri Lanka Expo 2026, the country’s flagship international trade exhibition scheduled to be held from 18–21 June 2026 at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo. The event is organized by the Sri Lanka Export Development Board (EDB) in collaboration with the…
Prime Minister Dr. Harini Amarasuriya has held discussions with the President of the Asian Development Bank (ADB), Masato Kanda during her official visit to Manila. During the bilateral meeting, both factions reaffirmed the strong partnership between Sri Lanka and the Asian Development Bank, the Office of the Prime Minister stated. President Kanda commended Sri Lanka’s…
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