The Federation of Renewable Energy Developers (FRED), the apex body of renewable energy developers in Sri Lanka and an associate of the Ceylon Chamber of Commerce, warns that unless the Government steps in to resolve the financial crisis the industry is in due to the payment defaults by the National System Operator (Pvt) Limited (NSO),…
Reuters – Asian stocks soared to record highs on Thursday while the U.S. dollar slipped and oil nursed steep losses as traders embraced the prospect of a peace deal in the Middle East, although the fate of the critical Strait of Hormuz remains unresolved. Japan’s Nikkei returned from a long holiday to cross 62,000 for the first time,…
Reuters – China is remaking its Belt and Road for a more hostile world. Smaller projects, greater use of equity and an emphasis on compatible standards pushed deals linked to the initiative to a record $213 billion in 2025, according to research by Australia’s Griffith University and the Green Finance & Development Center (GFDC) in Shanghai….
The Colombo Stock Exchange (CSE) experienced a positive trading session today (06), with both major indices ending in positive territory. The All Share Price Index (ASPI) rose by 155.47 points (0.69%) to close at 22,739.77. Similarly, the S&P Sri Lanka 20 Index edged up by 31.89 points (0.51%), finishing the day at 6,245.13. The gain in…
Sri Lanka’s rupee continued to depreciate against the US dollar, with the selling rate climbing above Rs. 324 for the first time in over two years. AToday (06), the buying rate of the US dollar stood at Rs. 316.40, while the selling rate rose to Rs. 324.03. This is the first time the selling rate…
The Global Innovation & Leadership Summit, organized by Zee Media and WION International Media Network, was held last week at the Cinnamon Grand Colombo, bringing together distinguished leaders, policymakers, and business visionaries from Sri Lanka and India. The summit celebrated the achievements of selected Indian business leaders, recognizing their contributions to innovation and entrepreneurship while…
ACAP Stockbrokers (Pvt) Ltd. is entering a new phase of its journey under the stewardship of Stallion Consultancy, ushering in a new era of client-focused investment advisory. At a press conference held on Tuesday, the 5th of May, the financial services company unveiled its bold new brand identity, its reorientation towards a more research-focused approach,…
The Government of Sri Lanka (GoSL) and the Government of the Republic of Korea (ROK) successfully held the Economic Development Cooperation Fund (EDCF) Policy Dialogue 2026 on 28 April 2026 at the Randora Auditorium, Ministry of Finance, Planning and Economic Development. The Meeting was co-chaired by the Government of Sri Lanka and the Republic of…
Reuters – Stocks leapt, oil prices sank and the dollar dropped in the Asian morning on Wednesday after U.S. President Donald Trump touted “great progress” towards a “final agreement” with Tehran, while momentum in AI-driven trades accelerated. Trump said he would briefly pause an operation escorting ships through the Strait of Hormuz, which carries about a fifth…
In recognition of its outstanding performance and continued leadership in the banking sector, the Commercial Bank of Ceylon has once again been adjudged the ‘Best Bank in Sri Lanka’ by the US-based Global Finance magazine, marking the 24th occasion the Bank has received this prestigious accolade. The accolade comes as part of Global Finance’s ‘World’s…
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