Reuters – Oil prices fell on Friday but kept on track for a monthly rise of about a fifth, as more supplies flowed through crucial maritime chokepoints, despite a lack of major breakthroughs in talks between the United States and Iran. Brent futures fell $1.44, or 1.6%, to $87.59 a barrel by 0658 GMT, while U.S….
The Sri Lanka – France Business Council of The Ceylon Chamber of Commerce concluded its 22nd Annual General Meeting recently at the Galle Face Hotel, Colombo. The Annual General Meeting, followed by a cocktail reception, brought together members, government representatives, members of the diplomatic corps, business leaders and council members. H.E. Rémi LAMBERT, Ambassador of…
New Brand Finance data shows banking brands account for 42% of nation’s total brand value Bank of Ceylon retains title as Sri Lanka’s most valuable brand Dialog overtakes Keells to emerge as strongest Sri Lankan brand Six banking brands rank among Sri Lanka’s top 10 most valuable brands PickMe emerges as a leading homegrown digital success story Sri Lanka’s leading brands have reached a significant milestone, with the combined brand value of…
Sri Lanka has reached a significant fiscal milestone by recording a nominal budget surplus of Rs. 9.5 billion in the first six months of 2026. This marks a dramatic recovery from the Rs. 405.6 billion deficit reported during the same period in 2025. The turnaround was primarily driven by a 27 percent increase in government…
The Asian Development Bank (ADB) is set to deploy $450 million to protect poor households and strengthen the economies of Cambodia and Sri Lanka as the conflict in the Middle East drives up costs and deepens uncertainty across Asia and the Pacific. “No family should be pushed deeper into poverty by a conflict thousands of…
The Sri Lanka Pharmaceutical Manufacturers’ Association (SLPMA) reaffirmed its commitment towards advancing Sri Lanka’s pharmaceutical self-reliance and strengthening the country’s position as a credible pharmaceutical manufacturing hub at its Annual General Meeting (AGM) held recently under the theme “Driving the National Call Forward.” Building on the landmark “National Call to Produce Medicine in Sri Lanka…
Profit before Income Tax – LKR 9.3 Bn up by 10.10% Profit after Tax – LKR 6.1 Bn up by 10.78% Total Assets reach LKR 976 Bn Return on Equity (ROE) of 14.74% Impaired Loans (Stage 3) Ratio at 1.03% The Bank recorded a Profit Before Income Tax (PBT) of LKR 9,298 Mn during H1…
Fitch Ratings: The U.S. effective tariff rate (ETR) has declined to 7.4% from 9.4% after the U.S. replaced the temporary Section 122 surcharge with new Section 301 tariffs on imports from 60 economies, including the EU. The revised estimate also reflects Fitch Ratings’ use of annualized January-May 2026 trade flows instead of the 2024 import…
As Indian travelers broaden their international horizons, Sri Lanka has emerged as a premier destination for those seeking more than just a standard beach holiday. According to recent Agoda search data, the island nation is seeing a significant surge in interest, driven by its diverse offerings from the world-class surfing at Arugam Bay to the serene…
Landmark announcement signals the next phase in The Shoppes’ evolution as a premier retail, dining, entertainment and lifestyle destination The Shoppes at City of Dreams Sri Lanka marked a major milestone in its evolution with the official announcement of Scope Cinemas. Scheduled to open on Level 10 before the end of 2026, Scope Cinemas Multiplex…
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