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….
Reinforcing its commitment to support the nation’s next phase of economic transformation, Commercial Bank of Ceylon PLC’s new branch in Port City Colombo will bring world-class banking services to Sri Lanka’s emerging international financial hub. Located at Building 04 in Area 02 of the Port City Business Centre – Commercial Hub, Commercial Bank’s Port City…
Following the recent decision by the Monetary Policy Board of the Central Bank of Sri Lanka to raise the Overnight Policy Rate by 100 basis points, a corresponding increase in market interest rates has been reported. In line with this shift, several banks have already taken steps to increase the interest rates charged on credit…
Hayleys Mobility Limited, the mobility arm of Hayleys Fentons Limited, has introduced the all-new JAECOO J5 HEV, broadening its range of high-performance hybrid SUVs to meet the evolving demands of Sri Lanka’s growing new-energy vehicle market. Designed to meet the needs of modern drivers, the JAECOO J5 HEV combines intelligent hybrid performance, advanced safety features,…
Internationally benchmarked climate action Aitken Spence PLC reached a defining moment in its sustainability journey, becoming the first diversified holdings company in Sri Lanka to have its emission reduction targets validated by SBTi. For a Group whose operations span 17 industry sectors and several geographical regions, this complexity is amplified. Each sector presents unique challenges,…
Designed to store 40MWh of energy during daytime hours Discharge up to 10MW to the national grid during evening peak demand periods The deployment will introduce grid-forming battery storage technology across 13 substation sites Directly supports Sri Lanka’s target of achieving 70% renewable energy generation by 2030 Sri Lanka is set to commission battery energy…
Bringing Every Match Live to Sri Lankan Audiences SLT-MOBITEL PEOTV, Sri Lanka’s pioneering Internet Protocol Television (IPTV) service provider and leading digital entertainment platform, announced a landmark partnership with Fédération Internationale de Football Association (FIFA), securing the exclusive media broadcasting rights for the FIFA World Cup 2026™ in Sri Lanka. The strategic partnership marks one…
The Ceylon Chamber of Commerce is concerned by the announcement of new labour-related tariffs by the United States on several countries, including a proposed 12.5% tariff on exports from Sri Lanka. This development comes at a time when Sri Lanka was continuing discussions with the US following the suspension of the previously announced reciprocal tariffs…
Reuters – Oil prices fell on Thursday after a ceasefire deal between Israel and Lebanon boosted hopes for a broader agreement to end the U.S.-Israeli war with Iran that could lead to a reopening of the Strait of Hormuz. Trade was cautious and losses were limited. Brent futures were down $1.14, or 1.2%, to $96.67 a barrel…
The Revenue Management Committee (RMC) of the Ministry of Finance, Planning and Economic Development has launched a public call for revenue enhancement proposals. This initiative supports the government’s long-term goal of increasing national revenue performance to 20 percent of GDP. Established under the Public Financial Management Act, No. 44 of 2024, the RMC is seeking…
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