Ambassador Sisira Senavirathne met with the Governor of the Suez Governorate, Major General Hani Rashad, together with Deputy Governor Dr. Mohamed Allam and senior officials, on 19 April 2026 in Suez, and discussed avenues to strengthen cooperation and develop partnerships in trade, investment, and broader economic engagement under the auspices of the Suez Governorate. Recalling the…
Hambantota International Port Group (HIPG) last week hosted senior representatives from two of the world’s leading container shipping lines, signalling growing commercial interest in the port as global trade patterns adjust to instability in the Middle East. Officials from CMA CGM’s overseas office and local representatives of Evergreen Marine Corporation held discussions with HIPG management…
The Ministry of Agriculture, Livestock, Lands and Irrigation, the Government of Australia, and the Food and Agriculture Organization of the United Nations (FAO) marked the launch of a AUD 2 million (USD 1.4 million) recovery initiative to restore and transform vegetable production systems in the cyclone-affected districts of Nuwara Eliya and Badulla. The agreement was…
The Central Bank of Sri Lanka (CBSL) has signed a Memorandum of Understanding (MoU) with Australia’s Skills for an Inclusive Economy program on a pilot initiative to improve digital financial literacy for micro, small and medium enterprises (MSMEs), a critical driver of Sri Lanka’s economic recovery and inclusive growth. The pilot will test targeted approaches…
Economic sentiment plummets as uncertainty clouds the broader outlook Confidence in the economy took a sharp hit in April as the corporate community signalled a negative outlook – likely influenced by geopolitical tensions involving the US, Israel and Iran, and the broader instability in the Middle East. And indeed, the ripple effects are being felt…
Reuters – Governments in Asia, the top oil importing region, are scrambling to find alternatives and insulate their economies from the worst of the energy crisis triggered by the Iran war, but the pain is getting increasingly costly. The disruption spurred the Asian Development Bank to cut its growth forecast for developing Asia and the…
Reuters – Oil prices rose over 3% on Monday after Iran claimed it had struck a U.S. warship and forced it to turn back from entering the Strait of Hormuz, though the U.S. denied that any U.S. ships had been struck. Brent crude futures were up $3.64, or 3.4%, at $111.81 a barrel by 1124…
Emirates is marking a near-full return to operations, with 96% of its global network now restored, following a period of disruption. In the past weeks, the airline has progressively resumed services across the Americas, Europe, Africa, West Asia, the Middle East/GCC, the Far East and Australasia. Today, the airline operates to 137 destinations across 72 countries, with over 1,300 weekly frequencies, representing 75% of pre-disruption…
Building on its landmark opening, City of Dreams Sri Lanka continues to reshape the country’s tourism and hospitality landscape as South Asia’s first fully integrated luxury resort, bringing together Nüwa, its luxury flagship hotel, and Cinnamon Life, its vibrant lifestyle hotel, within a single world-class destination. Developed through the strategic partnership between Melco Resorts &…
The Colombo Stock Exchange (CSE) recorded a strong upward trend today (04), with key indices posting notable gains while daily turnover reached Rs. 4.8 billion. The All Share Price Index (ASPI) rose by 145.47 points to close at 22,695, while the S&P SL20 index gained 37.08 points to settle at 6,244.64. Market turnover was largely…
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