BBC – Donald Trump said the Strait of Hormuz would open “very soon” or Iran would be “hit very hard” as oil prices fell to a three-week low amid hopes of a deal. The US president was speaking to Fox News after Secretary of State Marco Rubio and Treasury Secretary Scott Bessent both said talks…
The government has taken steps to amend the Employees’ Provident Fund Act No. 15 of 1958 to enhance services provided to members and address challenges arising from current social, economic and technological changes. The Cabinet of Ministers has approved a proposal submitted by the Minister of Labour to instruct the Legal Draftsman to prepare a…
Asia Asset Finance PLC (AAF) has delivered an exceptional opening quarter for FY2026/27, recording strong growth across profitability, income, assets and shareholder returns for the three months ended 30 June 2026. Profit Before Tax surged 197.8% year-on-year to Rs. 877.9 million, compared with Rs. 294.8 million in the corresponding period of the previous year. Profit…
The Government of Sri Lanka has initiated plans to develop Delft Island into the country’s first Zero Emission eco-tourism destination, with a strong focus on sustainability, environmental conservatio n, and the preservation of its unique natural and cultural heritage. A special site inspection and stakeholder discussion on the proposed development was held under the leadership…
The Ceylon Chamber of Commerce has released the Motor Vehicle Industry Report 2025/26, marking the return of its flagship industry publication after six years, following the suspension of motor vehicle imports in Sri Lanka. Released as the sector enters a new phase with the resumption of imports, the report provides comprehensive insights into industry trends,…
Asia Coatings (Private) Limited (ACL), the Bangladesh subsidiary of JAT Holdings PLC, has acquired a strategic site in Singair as part of the Group’s continued commitment to Bangladesh, reinforcing JAT’s confidence in one of its most important international markets. Bangladesh has grown into a significant contributor to JAT Holdings, accounting on average for approximately 30%…
Syntetica has developed a proprietary process aiming to address major hurdle to nylon recycling: allowing both Nylon 6 and Nylon 6,6 to be recycled in a single process Backed by global apparel company lululemon and MAS Holdings, one of the world’s largest apparel manufacturers The funding will enable the company’s first commercial demonstration facility in…
The Ceylon Chamber of Commerce hosted a business delegation today (4th August) from the Cochin Chamber of Commerce and Industry (CCCI), India, creating direct engagement between Sri Lankan companies and businesses from Kerala to explore new commercial opportunities and strengthen private-sector links. Established in 1857, the Cochin Chamber is one of India’s oldest business chambers,…
The Sri Lanka Export Development Board (EDB) is intensifying efforts to unlock the country’s vast graphite potential by promoting value addition, expanding international market access, and strengthening partnerships with leading industry players. As part of this initiative, EDB officials recently undertook a field visit to witness the complete graphite mining and processing operations of Bogala…
Continuing a historic legacy as the first Sri Lankan bank to enter the Top 1000 World Banks, now celebrates a landmark 14th appearance The Commercial Bank of Ceylon has once again affirmed its standing among the world’s leading financial institutions, emerging as the No 1 ranked Sri Lankan bank in the 2026 edition of the…
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