Reuters – Oil prices climbed on Thursday as investors remained cautious on the outcome of Iran-Oman talks and whether they will restore flows via the Strait of Hormuz, while reports of attacks on Saudi tankers in the Red Sea and Gulf of Aden renewed supply tensions. Brent crude futures gained 46 cents, or 0.58%, to…
Deloitte Sri Lanka recently served as the Strategic Partner of the Sri Lanka Corporate Director Summit 2026, organised by the Sri Lanka Institute of Directors and held at Cinnamon Grand Colombo, contributing to important conversations on strengthening corporate governance and board leadership. Held under the theme “Future-Ready Sri Lankan Boards – From Compliance to Sustainable…
Vallibel Finance PLC has officially announced a significant corporate milestone, with its total asset base surpassing the Rs. 200 billion mark. In a formal corporate disclosure submitted to the Colombo Stock Exchange, the company confirmed that this achievement was reached as of July 31, 2026. The reported figures were determined based on the company’s unaudited…
The National Chamber of Exporters of Sri Lanka (NCE) recently undertook a regional visit to the Northern Province as part of its ongoing efforts to connect member exporters with regional enterprises and support export-related business opportunities across the country. The visit brought together an NCE delegation consisting of 20 member exporters and service providers for…
In terms of Section 83 (C) of the Banking Act, No. 30 of 1988, as amended, the Central Bank of Sri Lanka has conducted an investigation, ascertained and determined that “TM App” has engaged, conducted and promoted a prohibited scheme. Accordingly, the following Companies/Apps have also been ascertained and determined as prohibited schemes under Section 83 (C)…
The official press conference announcing “Sri Lanka AI Week 2026” was successfully held today (05), marking a major national initiative aimed at accelerating Sri Lanka’s digital economic transformation and positioning the country as an Artificial Intelligence (AI) hub. Jointly organized by the Ministry of Digital Economy, GovTech Sri Lanka, and SLT-MOBITEL, the flagship event is…
Reuters – Asian stock markets jumped on Wednesday as robust earnings and renewed appetite for tech propelled Wall Street to record highs, while hopes for progress on opening the Strait of Hormuz pushed oil prices and bond yields lower. More evidence of the vast sums being spent on AI capex helped lift Japan’s Nikkei 3.5%, while South Korea continued its wild…
Minister Sunil Handunnetti Inaugurates Intex–InMac Sri Lanka 2026 at BMICH Intex–InMac Sri Lanka, South Asia’s premier international textile sourcing and garment manufacturing technology exhibition, was officially inaugurated today (05) at the Bandaranaike Memorial International Conference Hall (BMICH), Colombo, by Sunil Handunnetti, Minister of Industry & Entrepreneurship Development, Government of Sri Lanka, along with Mr. Yasas…
The Central Bank of Sri Lanka (CBSL) has organised a Digital Payments Promotional Programme in Jaffna on 07 and 08 August 2026 at Cargills Square, Jaffna, from 8.30 a.m. to 7.00 p.m., with the objective of raising awareness of digital payment methods among government officials, the business community, and members of the public. Mr. Nagalingam…
The Sri Lanka Export Development Board (EDB), in partnership with the International Finance Corporation (IFC) and with the support of the European Union (EU) under the “Accelerating Climate Smart and Inclusive Infrastructure in South Asia (ACSIIS)” programme, has launched the third cohort of ExpoScaleUp, a flagship program tp designed to help Sri Lankan SMEs compete…
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