World Bank Group Ready to Provide up to $100 Billion for Affected Countries over 15 Months The conflict in the Middle East is expected to slow global growth to the lowest rate since the onset of the COVID-19 pandemic amid higher energy prices, steeper inflation, and increased borrowing costs, according to the World Bank Group’s latest Global…
Oilprice.com – Oil prices could hit $150 per barrel if hostilities between the United States and Iran escalate further from the current, most testing period in the ceasefire, according to intelligence firm Rystad Energy. Renewed hostilities would further deepen the supply shut-ins in the Middle East as the war risk and the near-closed Strait of…
Recognising the rapid emergence of the gig economy in Sri Lanka, the Commercial Bank of Ceylon has introduced ‘ComBank GIG+’ – a specialised banking solution designed for freelancers, digital entrepreneurs, social media influencers, and individuals and businesses earning in foreign currency through overseas engagements to receive their foreign earnings, including PayPal-linked withdrawals, through a structured…
Sri Lanka’s leading digital payment acceptance platform Payable has announced its acquisition by regional tech powerhouse Short Circuit, marking a significant milestone in Payable’s journey to scale digital payments across the country. The acquisition is set to significantly enhance Payable’s digital payment capabilities and expand its merchant network, strengthening its position within Sri Lanka’s evolving…
SriLankan Airlines is pleased to announce strategic partnerships with Saudia (SV) and Flynas (XY), further strengthening air travel links between the Kingdom of Saudi Arabia and Sri Lanka. This collaboration significantly expands SriLankan Airlines’ network reach, enabling travellers to access a wider range of destinations through convenient domestic and international connections. Under this arrangement, Saudia…
By Professor Devaka Weerakoon, Department of Zoology and Environment Science, University of Colombo Sri Lanka’s decision to phase out oil palm cultivation has been shaped by perception rather than policy. At the center of the debate lies a powerful claim: that oil palm poses a significant threat to biodiversity and the environment. Scientific evidence however,…
Marking a new milestone in Sri Lanka’s economic journey, the official launch ceremony of the National Export Development Plan (NEDP) 2026–2030 the country’s strategic export roadmap for the next five years is scheduled to be held in Colombo on 16 June 2026. Developed in alignment with the government’s national vision of “A Prosperous Nation –…
Reuters – The United States has become the world’s largest oil exporter, upending a decades-old order long dominated by Saudi Arabia and Russia, a shift that tightens American companies’ grip on energy markets as Washington’s war with Iran reshapes global energy trade. America’s ascendancy to the top spot marks a stunning reversal for a country…
Cementing its status as a global New Energy Vehicle (NEV) trailblazer, BYD has topped the global rankings for most innovative automotive group in the Automotive INNOVATIONS Report 2026, published by Germany’s Center of Automotive Management (CAM) – the first time in the study’s 21-year history that a Chinese automaker has claimed the top position. BYD…
TradingKey – The U.S.-Iran conflict continues to escalate, driving oil prices sharply higher. On Wednesday, Brent and WTI crude futures both closed higher, breaching $90 per barrel. During Thursday’s session, oil prices rose further, with WTI futures climbing over 2% intraday to cross $92, while Brent crude rose 0.5% to exceed $95. On the news…
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