The Commercial Bank of Ceylon has been honoured as the Best Bank among Sri Lanka’s domestic banks for a remarkable 14th year by FinanceAsia, one of the world’s foremost information sources on the Asian financial markets. The Best Bank award was presented to Commercial Bank at the FinanceAsia Country Awards gala at the Conrad in…
Reuters – Global shares rallied and the dollar extended declines on Tuesday after U.S. President Donald Trump said Iran and Israel had agreed to a ceasefire, sending oil prices into a deep dive as concerns over supply disruptions ebbed. Writing on his Truth Social site, Trump implied a ceasefire would go into effect in 12 hours, after…
Resus Energy PLC has made history with the launch of the country’s first-ever Green Bond issue by a local energy company, aiming to raise Rs. 1 billion to accelerate the nation’s transition to clean energy. The issue, scheduled to be opened on 25th June 2025, is also the country’s first Green Bond issue by a…
The overall rate of inflation, as measured by the Colombo Consumer Price Index (CCPI) on Year-on-Year basis, has increased to 0.6% in May 2025, compared to -0.8% in April 2025, according to the latest data released by the Department of Census and Statistics. The Year-on-Year inflation of the Food Group increased to 5.9% in May…
President Anura Kumara Dissanayake has appointed Dr. Harshana Suriyapperuma as the new Secretary to the Ministry of Finance. The letter of appointment was handed over to Dr. Harshana Suriyapperuma by the Secretary to the President Dr. Nandika Sanath Kumanayake this morning (23) at the Presidential Secretariat. Dr. Suriyapperuma has been involved in capital market regulation…
Deputy Minister of Foreign Affairs and Foreign Employment Arun Hemachandra participated at the 9th China-South Asia Exposition and the 6th China-South Asia Cooperation Forum (CSACF), held from 18 to 21 June 2025 in Kunming, Yunnan Province, China. This year’s Exposition held particular significance for Sri Lanka as it was featured as the Theme Country of the…
Reuters – Major share indexes slipped in Asia on Monday and oil prices briefly hit five-month highs as investors anxiously waited to see if Iran would retaliate against U.S. attacks on its nuclear sites, with resulting risks to global activity and inflation. Most of the market moves were restrained, with the dollar getting a modest safe-haven bid and no…
Sri Lankan Food & Beverages Exporters took part in THAIFEX Anuga Asia 2025, the leading food and beverage trade show in Asia, which successfully held from 27th to 31st May 2025 in Bangkok, Thailand. The Sri Lanka Export Development Board (EDB) in collaboration with the Embassy and Permanent Mission of Sri Lanka in the Kingdom…
The Board of Investment (BOI) of Sri Lanka announced an increased inflow of Foreign Direct Investment (FDI) to the country in comparison to the previous year, consolidating the stable and investor-friendly economic environment. The BOI highlighted that the renewed confidence of international investors has resulted in the receipt of new investment proposals given the government’s…
Minister of Industry and Entrepreneurship Development, Hon. Sunil Handunnetti, recently inaugurated Tokyo Cement Group’s cutting-edge cement manufacturing plant in Trincomalee. The fully-automated, high-tech cement grinding facility adds 1 million Metric Tons to Tokyo Cement’s total production capacity, increasing it to 4 million Metric Tons per annum, the largest in the country. The event was also…
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