In a strategic move marking its entry into regional markets, HNB Investment Bank (HNBIB) has officially ventured into the Maldivian financial sector through a partnership with Dhivehi Investment Partners Pvt Ltd (DIP). The agreement, formalised at a signing ceremony held at the prestigious new city hotel, South Ari, Barcelo Nasandhura, Male’, on Thursday the 16th,…
Applied Graphite Technologies Corporation (TSXV: AGT) has completed the first tranche of its private placement, raising approximately C$464,000 to support the development of its Queens Mine Complex (QMC) in Sri Lanka. The funds will be directed toward project development and working capital, as the company continues to advance one of the world’s few natural vein…
International Monetary Fund (IMF) Managing Director Kristalina Georgieva announced yesterday (21) that Gita Gopinath, First Deputy Managing Director (FDMD), would be leaving the Fund at the end of August to return to Harvard University, where she will be the inaugural Gregory and Ania Coffey Professor of Economics in the Department of Economics. Ms. Gopinath joined…
Reuters – Asian share markets held their ground near a four-year peak on Tuesday, buoyed by Wall Street’s closing record high ahead of a slate of corporate earnings while investors took stock of tariff negotiations between the U.S. and its trading partners. The Japanese markets returned to action after a holiday in the previous session…
IMF Reaffirms Support for Sri Lanka in progressing globally with a stable economy A discussion between President Anura Kumara Dissanayake and representatives of the International Monetary Fund (IMF) was held this morning (21) at the Presidential Secretariat regarding the future review of the Extended Credit Facility (ECF) between the IMF and Sri Lanka. President Dissanayake…
The overall rate of inflation as measured by the NCPI on a Year-over-Year basis was 0.3% in June 2025 and inflation calculated for the May 2025 was 0.6%. On a monthly basis, the Year-on-Year inflation of the food group decreased to 4.2% in June 2025 from 5.9% in May 2025 and the Year-on-Year inflation of…
Sri Lankan Embassy in Berlin in collaboration with Hertha-Müller-Haus in Berlin and the Sri Lanka Tourism Promotion Bureau (SLTPB), conducted a Sri Lanka tourism promotion event titled ‘Explore Sri Lanka’ on 15th July 2025 in Berlin. The objective of this promotion was to enhance awareness of Sri Lanka as a tourism destination among senior citizens in Germany, including…
Government revenue in Sri Lanka surged to Rs. 1,942.36 billion during the first five months of 2025, marking a 19.95% increase from the Rs. 1,619.23 billion recorded in the same period last year, according to the Central Bank of Sri Lanka. The increase is largely attributed to higher tax collections, with government tax revenue rising…
Dialog Axiata PLC, Sri Lanka’s #1 connectivity provider, has partnered with HNB General Insurance, one of Sri Lanka’s leading insurance providers, to collaboratively address the growing risks posed by extreme weather, particularly rainfall, cyclones, wind speed and temperature. These parametric insurance solutions will be introduced through the Dialog Sayuru App. Sayuru is a pioneering service…
SriLankan Cargo, the air freight arm of SriLankan Airlines, has joined WebCargo by Freightos, a leading digital booking and payment platform for international freight. The integration allows over 10,000 freight forwarding offices worldwide to seamlessly access SriLankan Cargo’s capacity, request quotations, make bookings and process payments in real time. “By joining Freightos’ WebCargo platform, we’re…
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