The Colombo Stock Exchange (CSE) closed lower today (16) as profit-taking in key large-cap stocks outweighed gains in select mid-cap counters, with banking giant HNB driving a significant portion of market turnover. The benchmark All Share Price Index (ASPI) shed 61.31 points to close at 18,884.96, marking a 0.32% decline from the previous day. The…
Power and Energy Minister Kumara Jayakody today (16) clarified that the recent withdrawal of a prominent Indian investor from a proposed wind power project in northern Sri Lanka was a mutual decision following tariff negotiations, and not a sign of strained investor relations. Responding to a journalist’s question during a press briefing, which indirectly referred…
The Financial Intelligence Unit of Sri Lanka (FIU-Sri Lanka) entered into a Memorandum of Understanding (MOU) with the National Center for Financial Information in the Sultanate of Oman (NCFI-Oman) on July 09, 2025, during the 31st Plenary of the Egmont Group, held in Luxembourg. This MOU facilitates the exchange of financial intelligence related to money…
The Sri Lanka Export Development Board (EDB) initiated a constructive dialogue with the National Initiative for R&D Commercialization (NIRDC) to explore avenues of support for strengthening the Sri Lankan pharmaceutical sector through Research and Development . The meeting took place on 7th July 2025 at the EDB premises, with the participation of private sector representatives …
Trading at the Colombo Stock Exchange (CSE) was temporarily halted at 10:00 a.m. this morning due to a technical glitch in the broker order management system (OMS). The CSE noted that the halt was caused by an OMS failure experienced by the majority of broker firms. Trading resumed at 10:40 a.m.
Providing more choices for Sri Lankan customers travelling to Hong Kong and beyond Starting 1 September 2025, Hong Kong’s home carrier Cathay Pacific will be operating daily return flights — up from the current five flights per week — between Sri Lanka’s Bandaranaike International Airport and Hong Kong International Airport. These flights will be operated…
Purchasing Managers’ Indices indicate improvements in both Manufacturing and Services activities in June 2025 Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 51.9 in June 2025, indicating an expansion in manufacturing activities. All the sub-indices, except Employment, remained above the neutral threshold during the month. The New Orders…
Reuters – U.S. President Donald Trump threatened to hit buyers of Russian exports with sanctions unless Russia agrees a peace deal over the conflict in Ukraine, potentially complicating Moscow’s oil sales to China, India and Turkey. Russia’s crude output, however, stayed broadly flat at 9.2 million barrels per day (bpd) last month and crude loadings were stable at…
A Memorandum of Understanding (MoU) was signed yesterday morning (15) at the Presidential Secretariat between STEMedical of the USA and the Sri Lanka Institute of Biotechnology (SLIBTEC) to establish a laboratory with internationally recognised accreditation. The MoU for this $15 million investment project, conducted under the guidance of the National Initiative for Research and Development…
A total of 79,711 tourists have arrived in the country thus far in July, data from the Sri Lanka Tourism Development Authority (SLTDA) shows. According to data released by the SLTDA, a total of 16,329 tourists have arrived from India which accounts to 20.5%. Furthermore, 8,530 persons from the United Kingdom, 4,812 from Australia, 5,213…
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