Reuters – Oil prices rose more than 2% in early trade on Tuesday, reversing some of the previous session’s losses, on worries about supply with the Strait of Hormuz mostly shut and U.S. allies rebuffing calls to send warships to help tankers move through the vital waterway. Brent futures jumped $2.48, or 2.5%, to $102.69…
Purchasing Managers’ Indices indicate expansions in both Manufacturing and Services activities in February 2026. Sri Lanka Purchasing Managers’ Index for Manufacturing (PMI – Manufacturing) recorded an index value of 56.8 in February 2026, indicating a continued expansion in manufacturing activities. All sub-indices contributed positively to this expansion. Sri Lanka Purchasing Managers’ Index for Services (PMI – Services)…
President Anura Kumara Dissanayake stated that, in light of the challenges that have arisen due to the prevailing conflict situation in the Middle East, plans are being implemented to manage energy resources effectively while ensuring the uninterrupted continuation of the country’s economic activities and essential services. The President made these remarks while participating in a…
The evolving global situation and the escalating conflict in the Middle East requires coordinated measures to safeguard economic stability. The Ceylon Chamber remains ready to work with the Government in addressing potential economic risks and has outlined detailed policy recommendations. The Chamber, in its submission of 11 March 2026, recommended a number of policy measures…
The Colombo Stock Exchange recorded another sharp decline today (16), with both main indices closing significantly lower. The All Share Price Index (ASPI) fell below the 21,000 level, closing at 20,939.26 points at the end of trading. This marks the first time the ASPI has dropped below the 21,000 mark since September 18, 2025. Meanwhile, the…
On 16th March 2026, the management of MAS announced to employees at the Thurulie facility the decision to relocate manufacturing operations of the plant to nearby facilities following the severe damage caused to the plant by Cyclone Ditwah in late 2025. Thurulie is one of the multiple factories operated by MAS and its partners within…
The Urban Development Authority (UDA), under the Ministry of Transport, Highways, and Urban Development, today (16) officially introduced the “Mother Lanka” digital platform at an event held at the Sethsiripaya Auditorium in Battaramulla. Led by Minister Bimal Rathnayake, the launch marks a significant step toward modernizing urban planning and service delivery through greater transparency, efficiency,…
George Steuart & Company, Sri Lanka’s oldest mercantile establishment founded in 1835, has partnered with the Sri Lanka Natural History Society (SLNHS), one of the country’s oldest scientific societies, to support its efforts to promote knowledge and appreciation of Sri Lanka’s biodiversity and ecosystems. For nearly two centuries, George Steuart’s journey has been closely intertwined…
Aitken Spence Travels, Sri Lanka’s leading Destination Management Company, is delighted to announce the achievement of the internationally recognized certification from the Global Sustainable Tourism Council (GSTC), marking a historic milestone in the company’s sustainability journey. The GSTC provides the world’s most comprehensive and respected framework for sustainable tourism, built upon four key pillars: sustainable…
The Central Bank of Sri Lanka has initiated actions to launch a nationwide survey to gather data and information on financial inclusion, with the aim of developing the National Financial Inclusion Strategy Phase II. The survey will be conducted across 480 Grama Niladhari Divisions, representing every district in the country. It will gather valuable insights…
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