A discussion was held Yesterday morning (29) at the Presidential Secretariat between President Anura Kumara Disanayake, Chairpersons of District Coordination Committees and senior officials of the Ministry of Finance to gather proposals and ideas for the Budget 2026. During the meeting, President Disanayake emphasized the importance of prioritizing the basic and urgent needs of the…
Reuters – A federal appeals court temporarily reinstated the most sweeping of President Donald Trump’s tariffs on Thursday, a day after a U.S. trade court ruled that Trump had exceeded his authority in imposing the duties and ordered an immediate block on them. The United States Court of Appeals for the Federal Circuit in Washington said it was pausing…
Ambeon Capital PLC has announced a strategic investment of LKR 600 million in the Taprobane Minerals Project, a high-grade mineral sands operation located in Sri Lanka’s Eastern Province. The move marks a key step in the company’s efforts to diversify its investment portfolio. The Project is being promoted by UK-based Capital Metals PLC, which is…
50MW Wind Farm in Mannar, Sri Lanka Sri Lanka’s largest private investment in wind power, a 50MW farm in Mannar, will be developed by HayWind, the wind energy arm of Hayleys Fentons, following a competitive bid awarded by the Ceylon Electricity Board (CEB). The official Power Purchase Agreement (PPA) was signed on 28th May 2025…
Gal Oya Plantation Limited (GOPL), a majority government-owned entity, has issued a public statement clarifying the circumstances surrounding its recent receipt of an FL 01 license to operate a liquor bottling plant. The company states the license was granted as part of a court-mandated settlement and not due to political favoritism, countering what it calls…
In a milestone collaboration for Sri Lanka’s tourism industry, the Sri Lanka Tourism Promotion Bureau (SLTPB) proudly announces the successful completion of filming for ‘Serendipitous Journeys” ‘, a Chinese reality series produced by Mango TV, one of China’s most influential digital platforms. This marks the first time a project of this scale and visibility has…
Reuters – A U.S. trade court on Wednesday blocked President Donald Trump’s tariffs from going into effect in a sweeping ruling that the president overstepped his authority by imposing across-the-board duties on imports from nations that sell more to the United States than they buy.The Court of International Trade said the U.S. Constitution gives Congress exclusive…
Reuters – New Zealand’s Fonterra (FCG.NZ), opens new tab raised the lower end of its annual earnings forecast on Thursday, after reporting higher third-quarter profit, helped by strength in the dairy giant’s ingredients channel and consumer operations business. The company’s shares rose 0.9% to NZ$4.6 and are headed for their best intraday session since May…
WindForce PLC, Sri Lanka’s leading renewable energy company, has reported outstanding financial results for the fiscal year 2024/25, demonstrating its strategic resilience and commitment to sustainable growth. The Group recorded consolidated revenue of LKR 6.9 billion, marking an 18% increase from the previous year, while EBITDA rose by 9% to LKR 6.1 billion. Net profit…
Continues Momentum with Strengthened Balance Sheet and Upgraded Credit Rating First Capital Treasuries PLC, a subsidiary of First Capital Holdings PLC and a leading nonbank primary dealer in Sri Lanka, announced a Profit after Tax of Rs. 3.0 billion for the financial year ended 31 March 2025, demonstrating its financial strength and resilience amid evolving…
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