Reuters – Asian stocks struggled for direction while the dollar held firm on Thursday as investors treaded cautiously amid dizzying developments in the Middle East, where Iran said it would weigh a U.S. proposal to end the Gulf conflict. The widening war has jolted global markets, sending oil prices soaring, reigniting inflation fears and scrambling…
Asian Development Bank (ADB) President Masato Kanda met with Sri Lankan President Anura Kumara Dissanayake and announced that ADB stands ready to provide $100 million in additional budget support as part of a financial package to help countries mitigate the economic and financial impacts resulting from the conflict in the Middle East. Sri Lanka is…
Deloitte Sri Lanka hosted an exclusive senior‑leadership forum titled “Growth Beyond Borders: Pathways for Sri Lanka’s Consumer Sector” on 4 March 2026 at the Sapphire Hall, Courtyard by Marriott. The event brought together leaders and decision‑makers from Sri Lanka’s prominent consumer‑sector companies to explore opportunities for regional expansion, particularly into India, one of the fastest‑growing…
JXG, the parent company of the Janashakthi Group, a growing Sri Lankan financial conglomerate comprising First Capital Holdings PLC, Janashakthi Insurance PLC, and Janashakthi Finance PLC, has announced the launch of its Initial Public Offering (IPO) of LKR 5 billion. JXG is offering 500 million ordinary shares at LKR 10.00 per share, representing a 21.74%…
Mr. Masato Kanda, President of the Asian Development Bank (ADB) met with Dr. Nandalal Weerasinghe, Governor of the Central Bank of Sri Lanka(CBSL) last Monday (23) during his three-day official visit to Sri Lanka. The discussion was centered on current economic developments, ongoing reform efforts and policies related to Central Bank of Sri Lanka. The…
A special discussion was held (24th) at the Minister’s Office, “Nila Medura,” Narahenpita, between the Minister of Public Administration, Home Affairs, Provincial Councils, and Local Government, Professor Chandana Abayaratne, and the British High Commissioner to Sri Lanka, H.E. Andrew Patrick. Confirming the bilateral relations between the two countries, the Minister appreciated the cooperation extended by…
Senior leaders from Sri Lanka’s banking sector convened in Colombo on 17 March for the “Fraud Management Deep Dive 2026”, co-hosted by IFINITY, a BFSI-focused digital transformation partner and system integrator, together with BPC, a global leader in payment solutions. The forum focused on how financial institutions can strengthen fraud risk management as digital payments…
By Bilesha Weeraratne, Research Fellow, Institute of Policy Studies of Sri Lanka With the ongoing conflict in the Middle East (ME), Sri Lanka finds itself at a particularly vulnerable juncture as it carefully navigates a fragile economic recovery. Labour migration offers jobs to counteract the lack of opportunities within the economy. Related micro-level remittances prevent…
Reuters – Stocks rose and oil fell on Wednesday on reports the U.S. is seeking a month-long ceasefire in its war on Iran, and had sent a 15-point plan to Iran for discussion, raising hopes for a resumption of oil exports out of the Persian Gulf. S&P 500 futures rose 0.9% in the Asia morning,…
Reuters – The U.S. and Israeli strikes on Iran last month plunged the Middle East into crisis, disrupted global shipping routes and spawned a series of headaches for Umar Ali Hyder Ali’s used-car business in Japan. Hyder Ali, who has lived in Japan for two decades, ships used cars from his adopted home to South…
Video Story
