Sampath Bank PLC today marked a significant milestone in its growth journey with the official opening of its Colombo Port City Branch, reinforcing its commitment to supporting Sri Lanka’s emergence as a globally connected financial and investment destination. The opening ceremony was attended by the Sampath Bank Board of Directors, Corporate Management, representatives of the…
First Capital Holdings PLC, a subsidiary of JXG (Janashakthi Group) and a key player in Sri Lanka’s capital markets landscape, secured several global and local sustainability affiliations during FY 2025/26 while deepening its commitment towards responsible finance, climate accountability, financial inclusion and long-term stakeholder value creation. The year saw the company secure multiple globally recognised…
The Ceylon Chamber of Commerce is pleased to announce that the 26th edition of the Sri Lanka Economic and Investment Summit will be held on 12 and 13 October 2026, with preparations now being finalised, as the country’s foremost economic policy forum returns for another year of dialogue on issues of national importance. Engagements with…
Mogo Media Academy successfully held its Inaugural Graduation Ceremony on the 4th of June 2026 at the BMICH Lotus Hall, marking a major milestone in the academy’s journey of shaping Sri Lanka’s next generation of creative professionals. The ceremony celebrated the achievements of the academy’s first and second student batches, with a total of 115…
Reuters – Brent oil prices jumped more than $3 a barrel on Monday, initially spooked by Israel’s launch of renewed strikes on Lebanon a day earlier, but also gaining further steam after sounds of explosions were heard in Iran. Sounds of blasts were heard – in Tehran, Tabriz and Isfahan, local media reported early on Monday, eroding…
Colombo Port City reached a significant milestone in its development as a leading regional business and investment destination, following Cabinet approval granted in April 2026 to 77 Businesses of Strategic Importance (BSIs) under the Regulations of the Colombo Port City Economic Commission Act. The approvals represent a major step forward in the growth of the…
Fitch Ratings: World growth prospects have been hurt by the oil crisis prompted by the US-Iran war, Fitch Ratings says in its latest Global Economic Outlook (GEO). This has led to Fitch lowering its 2026 forecast for global growth by 0.2pp to 2.4%. Forecast cuts have been widespread as higher inflation squeezes real wages, dampens…
The Central Bank of Sri Lanka (CBSL) reported selling USD 223.3 million in the domestic foreign exchange market during May 2026. After purchasing USD 12 million during the same period, the net amount of dollars sold by the Central Bank for the month totalled USD 211.3 million. This marks the largest monthly dollar sale conducted…
Confidence in the economy remained subdued in May as the corporate community signalled a cautious outlook – likely influenced by fuel and electricity price hikes, the rising cost of living, geopolitical tensions and mounting pressures faced by the wider community. THE ECONOMY The latest LMD-PEPPERCUBE Business Confidence Index (BCI) survey, conducted in the first week of…
Reuters – Oil prices edged down after Oman said operations at Mina al Fahal port were proceeding normally, following a Reuters report that oil loadings had been suspended after an explosion. Brent crude futures fell 24 cents, or 0.25%, to $94.79 a barrel by 0704 GMT after settling down 2.84% in the previous session. U.S….
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