Oilprice.com – Investment banks are scrambling to revise up their oil price forecasts as the Middle East war cripples supply from the most important oil-producing region, with some expecting oil to surge to $150 per barrel or even higher if the Strait of Hormuz remains off limits for tanker traffic for several weeks. Analysts at Macquarie warned of…
Sri Lanka recorded the highest number of tourist arrivals in history during the first two months of 2026, although tourism earnings declined during the same period, according to official data. Figures show that 277,327 tourists arrived in January 2026 while 279,328 visitors arrived in February, making them the two months with the highest tourist arrivals…
Following discussions with the Consulate General of Sri Lanka in Mumbai and an on-the-ground assessment in Sri Lanka, the Tata Group has initiated a project to ensure the right to education for children affected by Cyclone Ditwah. Under the ONE Tata Sri Lanka Cyclone Ditwah and Floods Response Programme, the Tata Group has committed to…
Oilprice.com – Oil producers in the Arab Gulf have already lost at least $15.1 billion in oil and gas revenues since the start of the Middle East war, per estimates by commodities analytics firm Kpler cited by the Financial Times. The de facto closure of the Strait of Hormuz has choked off since March 1, millions…
The Embassy of Sri Lanka in Brussels, in collaboration with Andrews the Travel Company in Sri Lanka, hosted a special destination awareness event titled “Explore the Treasures of Sri Lanka” on 5 March 2026 at the Sri Lanka Residence, for a group of luxury travel specialists in Belgium. The event aimed to promote Sri Lanka as…
The Committee on Economic Surveillance, established to safeguard Sri Lanka’s economic stability and protect the welfare of citizens amid external pressures, met yesterday (12) at the Presidential Secretariat under the chairmanship of President Anura Kumara Dissanayake. During the meeting, attention was focused on the potential adverse impacts on Sri Lanka’s economy arising from the current…
Port City Colombo has strengthened its technology services ecosystem by signing a strategic partnership agreement with OREL IT. The partnership marks an important step in advancing the project’s digital capabilities and supports its vision of becoming a globally competitive financial and technology-driven services hub. Under the agreement, OREL IT will provide customised technology solutions and…
John Keells Hotels PLC has entered into an agreement to divest its controlling stake in the company that owns the well-known Cinnamon Citadel in Kandy. In a disclosure to the Colombo Stock Exchange, John Keells Hotels PLC said it has signed a binding agreement with Lavendish Leisure, the hospitality arm of the Dedigama Group, to divest…
Marine tourism, which includes activities such as scuba diving, snorkeling, sailing, and marine wildlife experiences, has become an increasingly important segment of the global tourism industry. It offers travellers unique opportunities to explore the ocean’s natural beauty, underwater ecosystems, and historic shipwrecks while supporting coastal economies and promoting ocean conservation. Around the world, destinations are…
DFCC Bank PLC has achieved another significant milestone in Sri Lanka’s sustainable finance journey with the supplementary international listing of its pioneering Blue Bond on the Luxembourg Stock Exchange (LuxSE), with the bond displayed on the Luxembourg Green Exchange (LGX), and on the India International Exchange (India INX) at GIFT City, Gujarat, India. With these…
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