The Colombo Stock Exchange (CSE) posted a strong recovery on Thursday (April 10), echoing a broader rebound in global markets after the United States delayed the implementation of new import tariffs that had earlier shaken investor confidence worldwide. The benchmark All Share Price Index (ASPI) soared by 704.88 points, or 4.7%, to close at 15,580.83—marking…
The Sri Lankan rupee has declined against the US dollar today (10), with the spot exchange rate surpassing the Rs. 300 mark for the first time since September 27, 2024. According to the daily exchange rate data released by the Central Bank of Sri Lanka (CBSL), the buying rate for the US dollar stands at…
Analysis finds cost of ingredients has more than doubled since 2019 The cost of preparing a traditional “kevili” table for the Sinhala and Tamil New Year has increased by 7% in 2025 compared to 2024, and stands more than twice as high as it was in 2019. This was revealed in the annual ‘New Year…
The chairman of the BOI, Mr. Arjuna Hearth, invited all top 50 exporters of the BOI in key industries to open dialogue to seek alternative strategies to mitigate the consequences due to the new US tariff imposed on Sri Lanka. Mr. Duminda Hulnagamuwa, senior advisor to the president, also participated and explained what government initiatives…
Ten leading Sri Lankan ICT companies will be showcasing their products & solutions at Japan IT Week (Spring) 2025, one of the Asia’s most prominent technology exhibitions. The event is scheduled to take place from 23rd to 25th April 2025, at Tokyo Big Sight, Japan. The companies will participate under the Sri Lanka Pavilion, facilitated…
Reuters) – U.S. President Donald Trump’s stunning decision to pause the hefty duties he had just imposed on dozens of countries sent battered global stock markets surging on Thursday, even as he ratcheted up a trade war with China. Trump’s turnabout on Wednesday, which came less than 24 hours after steep new tariffs kicked in on most…
Sri Lanka Insurance Life Records astounding Rs. 26.3 billion in GWP with a 25% growth Record Rs. 5.3 bn in New Business, achieving Unprecedented 48% growth in 2024 An exceptional payout totaling Rs. 13.7 billion for Claims and Maturity, averaging Rs. 1.15 billion per month Sri Lanka Insurance Corporation Life Limited (SLICLL) concludes the year…
The Hambantota Sinopec Oil Refinery – A Strategic Bet on the Future In the evolving landscape of global energy trade, few moves are as audacious as Sri Lanka’s decision to greenlight a multi-billion-dollar oil refinery in Hambantota. More than an infrastructure project, this refinery signals Sri Lanka’s ambition to reposition itself at the centre of…
CNBC – China has pushed back once again to U.S. President Donald Trump’s tariff policies by hiking its levies on U.S. imports to more than 80%. China’s Office of the Tariff Commission of the State Council said that tariffs on U.S. goods will rise to 84% from 34% starting on April 10, according to a…
Hosts APICTA Executive Committee Meeting 2025, Welcoming Delegates from 15 Countries As part of its national drive to accelerate digital transformation and position itself as a key player in the regional technology landscape, Sri Lanka successfully hosted the Asia Pacific ICT Alliance (APICTA) Executive Committee (EXCO) Meeting 2025 recently at the Hilton Colombo. The high-level…
Video Story
