Global coal demand is forecast to rise 1.2% to a record 8.94 billion tonnes in 2026, with Chinese demand reaching about 5 billion tonnes and Indian demand 1.353 billion tonnes. Higher gas prices caused by reduced LNG flows through Hormuz are encouraging gas-to-coal switching, while strong El Niño conditions are adding cooling demand and reducing…
Dual recognition underscores how ESG principles drive leadership in financial performance, sustainability and inclusive growth Reaffirming its undisputed leadership in Sri Lanka’s banking landscape, the Commercial Bank of Ceylon has secured two of the most coveted accolades at the Euromoney Awards for Excellence 2026, winning the titles of ‘Best Bank in Sri Lanka’ and…
Citypak by Advantis, the domestic courier arm of Advantis Group, the transportation and logistics arm of Hayleys PLC, has entered into a strategic collaboration with PickMe to launch PickMe Courier, a new island-wide parcel delivery feature integrated into the PickMe app. The collaboration brings together Citypak’s expanding logistics capabilities with PickMe’s widely used digital mobility…
Reuters – Warren Buffett stepped down on Friday as chairman of Berkshire Hathaway, ending more than six decades building the conglomerate and making himself perhaps the world’s most revered investor. Buffett, 96, was named chairman emeritus, with his oldest son Howard Buffett, 71, a director since 1993, becoming non-executive chairman. The change came nearly nine…
The 5 MW “Diyajanani” Floating Solar Power Plant, constructed on the Ibbankatuwa Tank in Dambulla under the Government’s national programme to generate electricity using sustainable energy, was connected to the National Grid this afternoon (18) under the patronage of President Anura Kumara Dissanayake. Constructed across an area of 10.5 acres, this solar power plant will…
The Digital Marketers Association of Sri Lanka (DMASL) is set to host Digital Summit Asia | Sri Lanka 2026, powered by Visa, a global leader in digital payments, on 1st and 2nd October 2026 at Water’s Edge, Colombo. The Summit will bring together leading voices from across Asia’s digital, marketing, creative, technology and business communities….
Crude oil prices were on course for a weekly decline after a three-week series of gains, as traders’ fears about Saudi Arabia’s ability to continue exporting oil appeared to have been quelled by reports about ship-to-ship transfers in the Gulf of Oman. At the time of writing, Brent crude was trading at $103.65 per barrel,…
Renewable energy producer WindForce PLC has officially expanded its total generation capacity to approximately 268 MW following the dual commissioning of its first standalone battery energy storage system and a new floating solar power plant. In an official disclosure to the Colombo Stock Exchange (CSE) today (18), the company announced that both clean energy projects…
The World Bank Group mobilized more private capital in fiscal year 2026 than in any year in its history and issued a record volume of guarantees, delivering on a goal shareholders and clients have pressed for years: putting more private capital to work alongside its own financing and expertise in developing economies. Private capital mobilized…
SriLankan Aviation College marked the 47th anniversary of SriLankan Airlines with a special anniversary edition of its aviation talk series, The Skyline Stories, celebrating the enduring legacy of the pioneering aviators who helped shape the National Carrier and the next generation carrying that legacy forward. The sixth episode of the series paid tribute to the…
Video Story
